[news]

Press Release







TRADEPAQ TRM LLC releases TRM for Semi Finished Products

TRADEPAQ TRM LLC - New York, USA- July 2009 - Physical Commodity Trading and Risk Management Software provider, TRADEPAQ TRM LLC, today announced the market introduction of a unique market solution for the Semi Finished Metals Industry. TRADEPAQ:TRM developed this in close cooperation with market leaders in both Ferrous and Non-Ferrous products.

With the introduction of TRADEPAQ:TRM for Semi-finished products TRADEPAQ TRM LLC is the first CTRM solution that fully addresses the specific requirements for this industry.

The Semi-Finished products industry, comprising of Steel, Stainless Steel, and Non-Ferrous Metals produced to customer specifications, demands management of a significant level of complexity in both the operational and strategic aspects of an organization. TRADEPAQ:TRM Semi-Finished provides Distributors, Agencies, and Service Centers with the ability to manage and simplify these complexities with a system that integrates supply chain, settlement, hedging and real-time consolidated risk position.

With this industry solution, for the first time, companies are able to handle specific requirements like Frames and Releases, Product Specifications, Equivalencies & Substitutions, Specifications & Assays, Tolling & Reprocessing, Customer Service oriented SCM, Claims Management and Lot based costing integrated with Commodity Risk Management.

With this foundation, business can be managed in a controlled environment that will lead to maximizing transaction revenue and fulfillment in a cost-effective manner while keeping the risk involved as low as possible. TRADEPAQ:TRM provides this business foundation to enable you, your clients and intermediaries to benefit from lower costs and higher service levels.

Specific industry business problems addressed by TRADEPAQ:TRM include:
  • Creating a better ability to secure favorable pricing discounts as distributors and service centers must commit to long term contracts with the Mills before detailed information on weight, form and specifications is known, by providing the information to closely manage the releases and the associated risk in a timely manner.
  • Lowering inventory costs by easily locating and searching for inventory or forward orders based on individual or combination of attributes within the specification (e.g. width, extrusion group, corner radius, die #, tread pattern, heat number, coating, etc.)
  • Managing equivalencies and creating visibility of similar or like materials to reduce inventory costs and duplication of orders.
  • Enabling visibility for Pre-Production planning and control of tolled materials for better matching of manufactured products to customer demand.
  • Increasing customer service and reducing costs with integrated claims management.
  • Dealing with new regulations and accounting standards associated with hedge accounting.

TRADEPAQ TRM LLC is a dedicated specialist with over 30 years of experience in standard enterprise application development, implementation and maintenance for companies that are active with physical commodities. We deliver our customers proven, industry best practice based, software solutions that supports the entire commodity supply chain. TRADEPAQ TRM focuses on the needs of Traders, Producers, and Distributors of physical and financial commodities.

TRADEPAQ TRM LLC is part of a group founded in 1978 in New York City, USA with over 250 employees and 1000+ customers. The group has offices throughout the world: Europe (The Netherlands, UK, Spain, Germany), Latin America (Colombia), Asia Pacific (Bangkok, Kuala Lumpur, Hong Kong), India (Mumbai) to serve it's customers worldwide and give 24/7 support.

For more information go to our data sheet TRADEPAQ:TRM for Semi-finished products

Contact TRADEPAQ:TRM:

Headquarters USA: Tel: +1 914 332 174
Europe: Tel: +31341-556166
Asia Pacific: Tel: +91 22 6712 6821
Latin America: Tel:+ 571 6 356760
 
Web: www.tradepaqtrm.com
Email: trminfo@tradepaqtrm.com