By Emily Jacobs
SAP has released the newest version of the SAP Commodity Management solution, an integrated offering designed to help enterprises protect and increased profit margins and manage overall commodity risk.
The solution offers a platform that can help businesses analyse, understand and mitigate commodity risks in industries such as agriculture, consumer products, mining and metals and automotive. It is available with Enhancement Package 7 for the SAP ERP application and is powered by the SAP HANA platform.
“Companies are dealing with increasingly volatile market prices and stringent regulations,” said Anja Strothkamper, vice president, Line-of-Business Solutions for Commodity Management, SAP.
“Sitting back and thinking these situations are beyond control will put companies’ profitability and competitiveness at risk. With SAP, companies are empowered to protect and increase their profit margins as they buy or sell commodities while managing overall risk.”
The solution will contribute to more predictable business results that can provide analytics and real-time commodity position reporting, support for complex commodity pricing rules and more efficient execution of hedging strategies.
