Excel errors in commodity trading

Excel errors in commodity trading
Imagine, you have two-floor apartment, Lamborghini and high-speed internet, but, instead, of phone you a still using telegraph or Morse language to call people. Such images come to my mind every time I see commodity traders, use Excel to manage operations.Yes, you got it right, these are people, with more than 1 million tones annual turnover still use Excel to manage data that costs millions. But the most interesting thing they don’t think there is something wrong about it, and excel errors can cost them thousands. It’s easy and fast, they say. Okay, here we go. I will write a couple of ar...
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Grain supply chain management software for the Canadian market

Grain supply chain management software for the Canadian market
A prominent feature of the Canadian grain market is a complex grain supply chain. Before goods are sent for export by sea, they pass a long way: from the field to the farm elevator, then from the farm to the linear elevator, from where by rail in hopper cars they go to the port elevators, where they are loaded onto the ship. The average distance of the transport "shoulder" for grain in Canada is 1,500 km (for example, in the USA this figure is 765 km, and in Australia and Brazil it is only 200 km.) According to the Quorum Corporation estimates, Canadian grain spends more than 1 month in th...
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About Commotrack

Commotrack is a web-based CTRM system for commodity trading companies to manage:   Contracts Operations Risk Counterparties Shipments Invoices Vessels Documents   Without Commotrack: Lack of unified and complete vision of the business Managing all business data in spreadsheets leads to excessive complexity without providing a comprehensive view of the company’s processes Executive doesn’t know where to focus their scrutiny. It is inconceivable to congregate all operational information ...
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