Assay management is a crucial and complex aspect of metals trading. Concentrates in particular depend heavily on properly managing assays, and in the commodity management/CTRM space, concentrates are recognised as one of the most challenging commodities for software to support. Premiums, discounts and penalties for each element within the ore need to be correctly factored…
At Gen10 we frequently discuss the importance of ensuring your commodity management software has the flexibility to support your business. An important, but often overlooked, part of this flexibility lies in training and implementation. After all, if your people’s first impression of a new CTRM system is being forced to learn rigid processes that don’t reflect how they actually work, then engagement, proficiency and productivity will all suffer.
A lack of market flexibility has led to high spot prices and volatility across regions, and although spot demand is high in Europe, spot liquidity is currently concentrated in Asia. And given that vessels delivering to Asia in February may not be ready to pick up cargo in early March, European stocks may remain low into the warmer weather. With fewer options available, LNG producers, traders and buyers need access to more information than ever to ensure they are making the right decisions.
Systems integration that creates a unified software ecosystem also unifies operating procedures and can go a long way towards creating a more collaborative mindset too. There are many ways this software integration can be achieved, from adding connections between existing systems to rolling out the best commodity management software to all business areas.
