Triple Point Technology, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Unilever has selected Triple Point’s SAP-endorsed Commodity SL to optimize commodity management across agricultural raw materials and business units.
Unilever is one of the world’s largest Consumer Products (CP) companies and the global market leader in all food categories in which it operates. Unilever produces some of the world’s best known brands including Dove, Ben and Jerry’s, Popsicle, Lipton, Hellmann’s, Wishbone and Vaseline. In 2008 the CP company generated annual sales of Euro 40.5 billion and has approximately 174,000 employees in almost 100 countries.
Unilever selected Triple Point’s SAP-endorsed commodity management solution to support the establishment of a Global Commodities Operating Team charged with optimizing raw material procurement. The centralized group will consolidate buying activities across all commodities and business units, allowing Unilever to proactively react to market changes and protect margins.
“Triple Point’s joint commodity management solution with SAP enables Unilever to consolidate commodities procurement within an integrated platform, greatly increasing efficiency and improving risk management capabilities,” said Seref Alptekin, Operations Director, Capabilities, Unilever. “With the price volatility we’ve seen in raw materials over the last several years, it’s critical for Unilever to have the best risk management infrastructure in place.”
“For any company that makes or moves products, an increasingly important aspect of profit and loss will be found in proactively managing the cost volatility of raw materials and fuels,” said Peter F. Armstrong, president and CEO, Triple Point. “In just the last 45 days, we’ve added three major consumer product companies. These companies, along with manufacturing organizations, are turning to Triple Point for the same sophisticated systems we’ve traditionally provided to energy and commodity trading companies to manage volatility and mitigate risk.”
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