PROVE IT OR ELSE !
A ComTechAdvisory Whitepaper
TRACEABILITY AND CTRM / COMMODITY MANAGEMENT SOFTWARE
In order to fully support traceability requirements , Commodity Management or CTRM software , has to exhibit several key characteristics . These include ,
/ Overall support for the supply chain for a commodity and / or products from point of origin to point of consumption . This will include a good deal of detailed functionality from logistics through inventory management , assay or chemical analysis functionality , and much more ,
/ Ideally , the solution will also need to support multiple units of measure and multiple currencies with a seamless ability to move from one to another in the supply chain . An example of this might be in terms of procuring or producing volumes of a commodity but selling products on a mass balance basis . Another example might be where the calorific value of stock needs to be tracked in order to quantify the volume required to be procured and maintained ,
/ It needs to have the ability to track bulk and / or packaged commodities at granular levels throughout the supply chain such as cotton bales , lots , shipments , and so on . Furthermore , it needs to be able to track , merge and split activities throughout the supply chain where different lots or quantities of a commodity are split or merged either in packaged form or bulk ,
/ The solution must support user definable work-flows and track actions along the process so that transactions are auditable and activities traceable from start to finish ,
/ This also requires detailed logistics tracking of items like trucks , containers , bails , packages and so on ,
/ It must also be able to track green certificates , calculate and track carbon footprints and support communication with registry ’ s to allow buyers to claim subsidies , incentives and defend claims made regarding the nature of commodities or goods sold .
The ability to perform these activities is a non-trivial exercise but brings a number of other benefits in that supply chains can be optimized for cost and timescales as well as traceability . The issue in providing all of this functionality is almost certainly in being able to set up the solution for different commodities and products . Many solutions on the market are designed with a specific commodity and industry segment in mind and extending functionality across commodities then requires significant modification and / or enhancement . In order to provide a viable and complete
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