With recent grain pricing swings, the market is getting shaken up. Normal feed/by-product customers you could count on are desperately looking for cheaper products to feed their livestock. Therefore the market is getting very competitive and customer loyalty is taking a back seat to profit/survival. A few cents a ton can make the difference between a sale and product piling up in your storage facility. The supply chain has evolved to a very efficient, very little long term storage on products like DDGs and Soy Bean Meal, so if you aren’t moving that product, you are losing money on that product.
E-Markets Attribute E-XchangeSM trading management tool enables the traders of grains and by-products to automate the back office trade documents to significantly cut the cost of processing these trades.
Along with cutting processing costs, the Attribute E-Xchange trading management tool gives the buyers the opportunity to source and define the exact qualities they are searching for in their products. It allows sellers to exactly describe the characteristics of the product they are selling for the market. The robust functionality of the Attribute E-Xchange trading management tool used in this fashion gives the supply chain the ability to source, track and direct specific trait products as defined by the attributes that create value for their given use.
E-Markets Attribute E-Xchange trading management tool, the first of its kind in agriculture commodity trading, was designed as a sophisticated electronic platform elaborating on the specific quality of a product enabling buyers and sellers to negotiate based on those qualities.
The features of the Attribute E-Xchange trading management tool include:
- Ability to automate the collection and dispersal of trade documents.
- Ability to manage the status of the trade processing by both parties in real time.
- A sophisticated engine for specifying detailed product attributes negotiating on an attribute-specific basis.
- Flexibility for trading relationships through private and/or public trading pits.
- Buyer and seller-side trade specification and initiation.
- A sophisticated negotiation management method.
- Access to real-time trade status information.
- Trade history tracking.
- Ability to be customized/branded to fit precise customer and market needs.
- Ability to link to back-end accounting software.
- The Attribute E-Xchange is currently created for grain and by-products.
Visit our Attribute E-Xchange trading management tool demonstration online and/or the Bunge interview to learn more.