Commodities Warehouse Functionality
Hard & Soft Commodities Warehousing: Optimising Stock Traceability, Ownership, Storage, Handling & More
Bulk Hard Commodities such as aluminium, zinc, copper, nickel, lead and Bulk Soft Commodities such as coffee and cocoa all pose unique storage and handling challenges. Often, they can be store loose, bagged, palletised, crated can be stored indoors or secure outside storage sites, and usually involve a number of value added services such as bonded warehousing, cutting, customs formalities etc.
While hard commodities can be stored off exchange, more often they are placed on exchange with the LME or CME. Our software adheres to the strict security requirements both exchanges require as well as being widely accepted by the major international banks and insurance companies. On the soft commodity side our software enables users to offer a collateral management service by providing the highest level of information and documentation to financiers.In-DEX WMS Warehouse Management Software is used to produce warrants and for non-warrantable commodities we provide warehouse receipts to provide owners with a document of possession for internal purposes and/or to facilitate pledging of the materials under financing agreements.
Commodities Warehouse Operator Challenges:
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- Live Real-time Stock Traceability
- Multiple Stock Owners
- In-store Stock Ownership Transfers & Collaterals Management
- Warrants Production & Management
- Management of Cutting & Packing & Other Value-added Services
- Storage & Handling Charges
- Optimised Storage Space Allocation
- Fumigation Management
- Segregated Storage Areas – Partner, Customer & More
- Regulatory Compliance & Legislation Alignment
- Customs Documentation Control & Tracking
- Cut Testing/Sampling Management
The demands of Commodities management can occur well before the physical arrive at the warehouse. In-DEX Supply Chain tracks the movement of product from point-of-origin tracking the originating port, vessel, and destination port. It creates a Shipping Header and associated costs (e.g. demurrage etc.) which can be managed at headed or product level. It can create a goods into warehouse transaction with no re-keying. Once in the warehouse all value-added activities like re-handling, fumigation and bagging are fully managed.
Functionality Available to Hard & Soft Commodities Product Warehousing: In-DEX WMS Warehouse Management Software
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- Full Real-time Stock Traceability, Visibility & Control
- Track Stock from Point-of-Origin
- Live Maritime API for Ship Tracking
- Allocation of Ship & Port Costs Across Jobs (e.g.: Demurrage)
- Storage & Handling Bulk, Palletised & Bagged Product
- Track Product by Owner & by Bank
- Quality Control & Inspection Functions
- Surveying & Sampling Management
- Product Weighing, Certified Weighment & Labelling
- Fumigation Services Management
- Product Grading
- Damaged Commodities Reconditioning
- Cleaning, Brushing & Re-bagging Services
- Management of all 3PL Operator Billing, Handling & Services Costs
READ MORE IN OUR WAREHOUSE OPTIMISATION CASE STUDIES
Our customers rely on our robust, modular and patented In-DEX WMS Warehouse Management Software suite to run efficient and revenue enhancing operations. They have direct access to an industry and technology expert pool spanning over 25 years’ operating across the Hard & Soft Bulk Commodities Warehousing business sector.
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