Leading metals company to deploy the most advanced commodity management solution for the processing of scrap metal into ingots
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Eastern Alloys Inc. has selected Eka’s next-generation CTRM software solution for trading, position, risk, production scheduling, inventory management, assay management, and tolling of its metals operations.
All six of the Eastern Alloys family of companies will implement Eka’s advanced solution for metals management. Along with Eastern Alloys, the group of companies includes: Service Aluminum Corp.; Eastern Alloys of Kentucky, LLC; EA Aluminum Corp.; EA Raw Materials Corp.; and Wheel Recovery Systems LLC. The Eastern Alloys group buys and trades scrap aluminum and manufactures zinc alloys for die casting, foundry, and steel coating products used in the automotive and other industries. Serving North America, South America, and Asia, the Eastern Alloys group of companies has four facilities in North America including the most technologically advanced, green site, zinc alloy manufacturing and recycling facility in the world.
Eastern Alloys required a next-generation CTRM solution to control its entire metals operations from the input of scrap metal to the production of ingots. They sought an advanced, fully functional metals CTRM solution that would eliminate multiple, custom solutions and improve decision making. The CTRM software solution also had to be fully integrated with Microsoft Dynamics NAV accounting system.
“Eka offered the most comprehensive solution and provided the best value,” said Dick Bauer, CEO at Eastern Alloys. “The fact that Eka’s solution is completely integrated with Microsoft Dynamics NAV made our decision easy. With a single platform that includes all front, middle, and back office functions, everyone has the information needed to best perform their roles.”
Eastern Alloys will use InSight CM - Metals, a comprehensive solution for managing the metals supply chain across base metals, ferro alloys, steel, and scrap. The next-generation CTRM software provides real-time data to help metals manufacturers, miners, refiners, and smelters make decisions regarding buying, selling, hedging, processing, and moving metals.
In addition, Eastern Alloys has selected Commodity Analytics Cloud SMART Cubes for advanced analytics and commodity intelligence. SMART Cubes provides more than 80 pre-configured CTRM and ETRM commodity intelligence cubes that deliver rich analytics and advanced data visualization for metals, agriculture, manufacturing, and energy companies. With Commodity Analytics Cloud, commodity companies can make faster, better-informed, fact-based decisions.
“In competitive evaluations, Eka is a natural choice for metals companies such as Eastern Alloys looking for the most functional end-to-end solution on the market,” said Wah Chu, VP Global Services & Support at Eka. “To remain competitive in today’s volatile commodities markets, manufacturing companies need an advanced system to effectively handle commodity risk. We are pleased to welcome Eastern Alloys as a new customer.”