Managing commodity price volatility

As the boundaries of our national economies have all but dissolved into the Global Economy; commodity price volatility becomes increasingly difficult to manage. New technologies, growing economies, and a world shift in living standards are causing prices to be more volatile than ever. This uncontrolled flux in pricing has a major impact on your company’s financial livelihood, especially those with low margins and high material costs. In their attempts to survive, companies are compensating through old and suboptimal techniques such as surcharges, long term price locks, and stockpiling. Instead, companies need to rethink their current technology DNA and look up to the cloud to create a solution that delivers a whole new way of doing business.

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