Increases Profitability by Proactively Managing Commodity Risk
Triple Point Technology, the leading global provider of on-premise and in-cloud Commodity Management software, announced today the availability of Commodity XL Strategic Planning and Procurement™ (SPP) 8.0. This new release of Triple Point’s award-winning Commodity Management solution enables food and beverage, process and industrial manufacturing, and consumer products (CP) companies to mitigate commodity risk and improve earnings with sophisticated new tools and analytics that manage raw material procurement.
Volatile commodity prices cause fluctuations in the cost of raw materials, packaging, and energy that affect profit margins. Food and beverage, manufacturing, and CP companies are often ill-equipped to address cost volatility because they don’t have the software solutions to manage the commodity market risk inherent in the hundreds of items they buy from a multitude of suppliers - all of which may have different cost component models. SPP 8.0 mitigates commodity price risk by enabling companies to view, aggregate, and evaluate all cost models and conduct real-time, forward-looking scenario analysis as plans change and markets move.
SPP 8.0 includes powerful new market-based analytics and risk management capabilities that deliver a significant competitive advantage. The solution delivers enhancements in the following areas:
“Long term, systemic commodity volatility means that Procurement organizations must either put the technology solutions in place to effectively manage price risk, or fall behind the competition,” said Michael Schwartz, senior vice president, chief marketing officer, Triple Point. “SPP 8.0 uniquely provides the advanced analytics and intelligence required to optimize profitability and mitigate commodity price risk in today’s unpredictable market.”
Commodity XL Strategic Planning and Procurement is the leading commodity and enterprise risk management solution for achieving balance between profitable purchasing, coverage requirements, supply chain movements, risk management policies, and accounting regulations in today's volatile and complex environment. Market-leading companies using Triple Point solutions for commodity and raw material procurement include General Mills, Heineken, Unilever, Petra Foods, Mercon Coffee Corp., and Armajaro Trading.
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