Commodity Desk from Forecasty.AI — No-Code AI enabled commodity forecasts in just a few clicks!

If you buy, make or sell commodities in the metals, chemicals or agriculture market, then you know how powerful it is to have accurate commodity data and forecasts at your fingertips. Great commodity data and forecasts empower purchasing and sales teams to negotiate and ensure that price negotiations and planning move forward in your favour. Many firms struggle to make commodity sales or purchasing decisions for even the most common commodity products, like crude oil, steel, aluminium. And their teams are feeling the pinch. As per Oliver Wyman, the commodity spend represents up to a whopping 70% of the revenue for major industries. McKinsey estimates an annualized volatility of up to 20%, with annual price swings of up to 70% of that year’s average price indicating an extreme uncertainty of earnings in the above industries. This volatility eats away the margins of several companies buying or selling commodities. To solve these challenges, we’re excited to announce the „Commodity Desk“ ; a powerful new NoCode AI product built for you. Commodity Desk enables you with a single source of truth as well as AI-powered predictive analytics & forecasts that ensure you and your team can negotiate with confidence. Key Features: 1. Get real-time & historical commodity price data in one place 2. Get AI/ML-powered price predictions utilizing all data that matters 3. Track historical performance of forecast & understand the drivers of prices 4. Analyse trends & simulate future market scenarios 5. Create watchlists for the commodities that matter to you 6. Receive alerts on price changes as they happen 7. Know when to purchase or sell commodities 8. Time horizon that suits your need Forecasty.AI Commodity Desk puts immense power to your fingertips to: 1. Access real-time commodity prices & price alerts 2. Get accurate prediction of commodity prices with high consistency & explainability 3. Mitigate your business risk and protect your margins 4. All of this with a plug and play hassle-free product: • without writing a single line of code • without any knowledge of Data Science or commodity markets • without investing several months in developing a forecast system • without initiating any projects with your IT Use cases: 1. Optimise Supplier Positioning: Manage your supplier value chain and agreements to protect your interest & long term growth 2. Smarter Hedging: Hedge at the right time and correct ratios 3. Time to Buy Signal: Know when to buy and sell for the maximum gains 4. Accurate & Effective Annual planning: Build realistic annual plans with predictability and high confidence that allows you to maximise exploiting gain opportunities Decoupling your business from volatile commodity prices is key to success in today’s uncertain markets. Most industry leaders are switching to a data-driven approach, leveraging the power of AI/ML to secure more confidence and predictability while taking critical business decisions. Team Forecasty AI offers you a powerful NoCode product, Commodity Desk. The confidence in taking the commodity decisions is just a few clicks away! Sign up now : https://forecasty.ai/app/commodi...

Great product for procurement!