“Our customers are excited about the increased ability to manage commodity purchasing contracts and leverage market opportunities ahead of their peers in the food industry,” said Samarth Sarthi, CEO and founder of SCA Technologies.
Pittsburgh, PA (PRWEB) August 07, 2013
SCA Technologies, the leading provider of category sourcing and cost management solutions announced the release of significant new capabilities for supply chain risk management.
Today food service and food manufacturing companies alike are challenged with soaring commodity prices and increased volatility. The expanded SCA Planner solution provides new risk management capabilities that food companies need to manage their procurement activities and protect margins. With the new functionality these companies can leverage predictive analytics to plan, manage and track their commodity purchasing contracts and hedges.
Supply chain and procurement managers use SCA Planner to drive commodities sourcing decisions on an operational level. Food companies specifically value the ability to combine risk management with price management goals to better manage their forward looking customer agreements and business plans.
“Our customers will quickly benefit from the new risk management capabilities,” said Samarth Sarthi, CEO and founder of SCA Technologies. “By improving how they manage commodity purchasing contracts they can react to market opportunities ahead of their peers, and that’s critical in the highly competitive food industry,” he remarked.
Designed to sense changes in demand, commodities or supply, SCA Planner detects variances in real-time and accurately models razor thin operating margins. The new risk management capabilities will be fully integrated into all projections, reporting and analysis across the entire suite including:
- SCA Analyzer which uses predictive analytics to sense market change.
- SCA Maximizer which helps manage pricing changes to drive margin and profitability.
- SCA Optimizer which evaluates cost impacts of alternative suppliers, locations and materials.
The cloud-based application offers certified integrations and supports enterprise capabilities for risk management. Users in multiple divisions or operating units can all share their plant level and enterprise level risk management activities and therefore better coordinate risk management actions.
About SCA Technologies
SCA Technologies provides category sourcing and cost management solutions that help industry leaders maximize profits by better managing market, supply and demand volatility. Supply chain, procurement, finance and corporate social responsibility professionals use the unique cross-functional approach of the SCA Planner™ suite to make better decisions for billions in category spend each year. With this increased visibility they can finally evaluate market alternatives in a coordinated manner and respond quickly to changes, leading to an average reduction in the cost of goods sold by 3-5% on an annual basis. Learn more about our innovative, cloud-based solutions for the extended value chain at http://www.scatech.com.