commodity market

  Commodity price forecasting has long been a crucial undertaking for organizations whose operations depend on raw resources. How precise these forecasts are can have a significant impact on an organization’s revenue, perceived risk, and capacity of making informed decisions. The advancement of artificial intelligence (AI) and machine learning technologies has improved commodity price forecasting, enabling […]

The business strategy of purchasing teams and organizations must closely monitor real time commodity price forecasts and trends. It enables companies to foresee pricing-related risks, and plan, and manage suppliers proactively while avoiding supply chain interruption brought on by price volatility.   Category managers have a crucial role in budget planning, and the structure of the organization,