Eka’s Procurement Analysis app captures, analyzes, and manages demand forecasts, spend, coverage, and hedges while dramatically improving decision making with real-time predictive analytics.
Eka Software Solutions has announced its new Procurement Analysis app for manufacturing companies that tracks and analyzes both commodities and non-commodities. Eka’s Smart Commodity Management integrates commodity management with advanced analytics built specifically for the commodities markets.
“For the first time, manufacturers have an advanced commodity analytics solution that enables them to concentrate on business strategies instead of operational tasks,” said Shobhit Mathur, GM Commodity Analytics Cloud at Eka. “With Eka’s solution, manufacturing companies can effectively manage the price risk of raw materials, energy, and packaging using advanced analytics that simulate market changes to determine the expected impact to coverage and spend.”
Eka’s Procurement Analysis app captures, analyzes, and manages demand forecasts, spend, coverage, and hedges while dramatically improving decision making with real-time predictive analytics. The app provides visually-rich analytics that enable users to cover commodity needs against targeted quantities and price. Eka’s solution delivers real-time scenario and intelligence capabilities so users can see how projected changes in market prices, supplier costs, and demand will affect the bottom line.
“Eka’s Procurement Analysis app brings together large amounts of disparate information from multiple data sources, such as ETRM, CTRM, ERP, CRM, and spreadsheets, providing users with immediate answers and eliminating the laborious effort of collecting data and attempting to analyze multiple scenarios to answer ‘what if’ questions,” said Preeti Ramesh, Senior Director Product Marketing at Eka.
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