Tag: ETRM
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Is Your Supply Chain As Efficient As It Seems?
[vc_row][vc_column][vc_column_text]The global supply chain management industry is expected to be valued at $31 Billion by 2026 i.e., 51% rise from 2020. As supply chains across businesses rapidly grow global, so does their complexities. This has caused an exponential rise in extended lead times, out of stock commodities, delayed deliveries and disturbances in production. Whilst commodity…
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5 Factors To Consider Before Investing In An ETRM System
[vc_row][vc_column][vc_column_text]Did you know the global ETRM software industry is expected to be valued at $1657.6 million by 2025? ETRM, also referred to as an Energy Trade and Risk Management Software is a category of software systems built specially to manage the trading of energy commodities like crude oil, refined products, natural gas, NGLs, electric power,…
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Your Business Could Face A $2Million Trading Error Too!
[vc_row][vc_column][vc_column_text]ComTech recently highlighted an alarming incident of how a commodity trader incurred a $2 million trading loss due to a minor inaccuracy while working with spreadsheets. While an occurrence as such may sound rare; 70% commodity traders using spreadsheets admit to have battled minor financial and operational errors at least once in their lifetime. For…
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HOW CTRM CAN HELP YOU RUN A PROFITABLE BUSINESS
Digitalization is the key to be efficient, effective and successful in the downstream industry. There could be 3 critical elements for this – a digital twin, artificial intelligence and domain expertise. If a company has these three components, then it has the recipe for success. More Effective Than Spreadsheets If your firm is still relying…