Commodity Brokerage challenges
Commodity Brokerage represents an exciting growth area for most recycling companies and recycling brokers/traders. Regardless of whether the commodities being traded are paper, plastic or metals, the following challenges remain constant:
- Market and currency volatility
- Variable commodity composition, descriptions, and quality
- Burdensome administration and regulatory demands
- Complex multi-party relationships (e.g. buyers, sellers, third party contractors, etc.)
- Multi-layered logistics including multimodal transport and partners
- Globalized trade across many time zones and languages
Given this complexity, volatility, and often tight trading margins, it is critical to have full visibility in real-time on your trading operations and the underlying activities across logistics and operations.
Many Commodity Brokerage operations remain very dependent on spreadsheets, manual workarounds, and disconnected trading and financial systems and are therefore do not have the visibility and control required to manage a fast-moving, high risk, and complex trading environment.
Now is the time to review your automation
The AMCS Platform has been designed to automate and digitalize the operations of all types of brokers from small independent brokers with no physical assets (trucks, MRFS, etc.) to large international commodity trading companies and the commodity trading divisions of large recycling companies.
Based on our experience in commodity brokerage over 30 years, the AMCS Platform offers sector-specific functionality while leveraging the latest technologies in the areas of SAAS, user-friendly and intuitive software, mobile applications, and a suite of digital engagement tools to support the collaboration and sharing of data with partners.
The AMCS Platform solution provides an end-to-end solution consisting of modules for inbound logistics, scale management, pricing, invoicing, AP/AR, inventory management, finance, outbound logistics, export shipping and portals.
Complete Automation of Lifecycle Management of Suppliers
- Sourcing: Identity and assess potential suppliers by geographical location and service offerings
- On-Boarding: Once suppliers are selected, there is a range of self-service options to allow them to upload their profile information, contract pricing, compliance, and regulatory documentation, etc.
- Jobs: Automatic issuance of initial purchase orders to suppliers followed by the release of individual jobs
- Confirmations: Capturing of job completion confirmations including photos, signature attachments, service dates, quantities, and weights
- Invoices: Capturing of detailed supplier invoices pre-matched to original work orders
Ready to see what AMCS can do for you?
Let AMCS show you how to optimize your operations for efficiency and grow your business
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Increase competitiveness, revenue, market share and margin
Read moreBenefits of Commodity Brokerage
Competitive Advantage with AMCS Commodity Brokerage solutions
Our solutions facilitate the management of the end to end process workflows designed specifically to support a commodity brokerage business
Read moreCompetitive Advantage with AMCS Commodity Brokerage solutions
Competitive Advantage with AMCS Commodity Brokerage solutions
Our solutions facilitate the management of the end to end process workflows designed specifically to support a commodity brokerage business including the following features and benefits:
- Single Trading Screen to view both the Buy and Sell components for each transaction as it generates the necessary Purchase and Sales orders and links them seamlessly and updates them continuously with status and details such as weights and values.
- Full support for global trading including trading in different currencies, weight units of measurements and material descriptions
- Comprehensive calendar-based planning tools to support automated demand planning to ensure that you can accurately plan your logistics and operations
- Effective dating of all pricing means that changes of prices can be updated at any time up to the point of invoicing
- Automated and configurable pricing and rebates allows you to tie prices/rebates to indices and to change prices only at an index level
- Comprehensive tracking of all costs (purchase of material, freight, processing etc.)
- Full recording of expense accruals and link to associated revenue for gross profit calculation
- Full inventory management including cost tracking and valuation using both lot and perpetual inventory calculations
- Manages both AP and AR while monitoring customer credit risk via real time limit monitoring
- Produces all necessary shipping documentation with customizable templates
- Records all shipping booking, container numbers, photos of load details, seals etc.
- Gross margin calculations at load, contract, customer and supplier level
- Ease of integration into a separate financial system
- Mobile application tools allow your staff to collect, grade, inspect and cycle count without any need for paper and re-keying
- Full range of portals to allow you to collaborate digitally with customers, suppliers and partners ( e.g. third party haulers ) to allow data to move seamlessly across all stakeholders
Benefits for Commodity Brokerage organisations
Read more on the benefits for Commodity Broker organisations.
Read moreBenefits for Commodity Brokerage organisations
Track and Protect Margin on each deal
It allows you to track gross profit by matching revenue and associated costs (e.g. purchase, freight, processing, shipping etc.) on each order.
Automate your Logistics Planning to optimise your costs
It provides an automated demand planning solution and calendar to you can plan all logistics activities in advance to optimise all your freight and processing costs.
Easy to use to maximise staff productivity
It has a modern user-friendly browser-based interface which is easy to use, particularly for staff who are not working in the office and need secure access, anytime, anywhere and on any device.
Manage your credit exposure and risk
It manages your trading risk by allowing you to update prices at any time to reflect new prices or currency fluctuations, as well as monitoring customer credit limits and with full Accounts Receivable functionality.
Automate all Administration
It’s directed workflows will lead users through staged processes and it will automatically produce templated documentation such as Bill of Ladings, invoices, job tickets, shipping documentation.
In addition, our range of portals provides self-service options for all your partners, including haulers, suppliers and customers.
Resources
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