Entries for June 2012

As history has shown us, getting credit risk wrong can result in reputational damage and ultimately financial ruin. Organizations that want to succeed today must make credit an enterprise level concern. 

I recently talked to Fred Pacione, Director of Credit Risk and Marketing Treasury at Nexen Inc. about how they manage credit risk and the central role that Triple Point plays in this. Nexen takes an automated approach which crucially has the full support of senior management.  Their credit risk strategy has four key elements:

  • Holistic counterparty assessment
  • Accurate view of exposure
  • Credit risk prevention measures
  • Credit risk reporting

A credit risk strategy must deliver these four elements and have the backing of management. Anything less could be perceived by shareholders as irresponsible. In short, organizations must abandon their spreadsheets and rudimentary systems and put in place a sophisticated, automated credit risk system. To learn more read the full article

Are you looking for greater visibility into your supply chain? Do you dream of a "single version of the truth" across mining operations, marketing, logistics, and finance, but are not sure how to make it a reality?

Triple Point recently hosted a webinar with Exxaro’s Melanie Steyn on how they gained a single view of mining operations, saved money and increased productivity with QMASTOR’s mining supply chain solution. Triple Point experts also provided deep insight into how to simplify logistics, meet targets and optimize production.

The webinar highlighted valuable tips on how to reduce penalties and operational risk while making supply chains more productive and improving efficiency. Key takeaways included:

  • How to improve quality and grade control while containing costs
  • Tips on optimizing resource allocation and strengthening internal controls
  • Why supply chain visibility is essential to gain an up-to-the-minute view of commercial position
  • How to track and forecast bulk commodity movements and stockpiling
  • Why it is NOT an Excel world anymore

If you missed the live event, don’t worry – you can view the webinar on-demand here.

You can also read an interview with Exxaro about their implementation of QMASTOR’s Pit to Port solution and the benefits it has brought them. 

Commodity volatility combined with soaring commodity prices make predicting and maintaining margin challenging for Food and Beverage companies. In a recent article in We Know Commodities, Mark van Erkelens, an executive in Accenture’s SAP Supply Chain Solutions Group, shared four tips for managing commodity volatility in the food & beverage industry.

1. Maintain margin despite growing volatility.
In order to ensure a consistent stock of raw materials at the best price, utilize tools that can provide enhanced insight into commodity pricing trends.

2. Integrate financial and physical markets.
Research from Accenture’s Institute for High Performance shows that market leaders take an end-to-end approach to the sourcing, selling, trading, and logistics processing of commodities.  Companies that integrate financial and physical markets improve decision making, reduce operational risk, and accelerate their ability to move in and out of positions.

3. Identify market opportunities before competitors.
Don’t be the last to know. Utilize advanced tools for market simulation and planning, combined with predictive analytics, to identify market opportunities before competitors. These tools will also allow you to forecast results more accurately and develop more effective reporting mechanisms in general.

4. Optimize trading agility and integrate sourcing needs.
 Today’s market leaders use advanced simulation technologies to model demand forecasts and make refined trading decisions based on forecasted as well as unanticipated needs. Look to integrate the needs of the sourcing units – from logistics through invoicing and financial processes.

Mark concludes the article by saying, concludes the article by saying, “Integrated and optimized supply and commercial planning capabilities are critical to driving revenue and profit maximization – and key  to high performance – especially in our volatile global environment. By implementing a fully integrated, scalable, end-to-end approach to commodity management, organizations improve real-time visibility into enterprise market position and are able to move in and out of positions more swiftly.”  Learn more about Triple Point’s Food and Beverage Commodity Procurement SolutionCommodity XL.

Steve Maxwell recently presented at Dry Cargo’s Bulk Ports, Terminals and Logistics 2012 Conference in Amsterdam. It was a lively and interactive session that demonstrated how organizations can optimize decision making and deliver substantial cost savings by integrating terminal operations on a common technology platform.

With numerous partners and resources the bulk terminal supply chain is very complex. Consumers, suppliers, vessel owners/charterers and agents, maintenance planners and transportation providers all need to record and exchange large amounts of data while managing their unique business processes. Despite these challenges, many terminal organizations are still attempting to manage their supply chain with inadequate spreadsheets that cause process inefficiencies, errors, and poor decision making that lead to lost profits and operational risk.

The only way to fully mitigate these risks is to implement integrated terminal management systems which bring together information systems, business processes and people to provide end-to-end visibility into operations. Once up and running, key benefits of such systems include:

  • Resource optimization
  • Increased terminal throughput
  • Reduced demurrage and transportation penalties
  • Commodity quality management
  • Visibility through real time accurate information
  • Improved information workflow and stakeholder self service
  • Reduced operational security and compliance risk
  • One version of the truth across the supply chain

Integrated bulk terminal management is rapidly beng adopted by the industry as best practice. In Accenture’s report on Transformation to Enable High Performance in Ports they stated, “In this battle for a growing but increasingly demanding market, the winners will be ports that can manage terminal performance holistically.”

Triple Point’s QMASTOR PortVu solution is an award integrated bulk terminal management system that is being used by organizations such as Dalrymple Bay Coal Terminal, Newcastle Coal Infrastructure Group and Westshore. The solution manages the complexities of stockyards, inter-modal transportation, and vessels while ensuring equipment is scheduled and utilized efficiently. PortVu integrates terminal operations with suppliers, customers, transport providers, agents, laboratories, and other partners through the use of a common platform.

Read more about Triple Point’s QMASTOR PortVu solution.


Procemin 10th International Mineral Processing Conference

October 15-18, 2013 | Chile

XXV Brazilian National Meeting of Mineral Treatment and Extractive Metallurgy (ENTMME)

October 20-24, 2013 | Brazil

Opinions expressed on this blog are those of its individual contributors, and do not necessarily reflect the views of Triple Point Technology, Inc.