Singing the Same Tune: Why Treasury and Procurement Need to Be in Perfect Harmony
Date: 4 October 2017
Commodity and currency risk are typically managed separately by treasury and procurement. While financial risk management is usually top of mind at many organizations, commodity exposures are often times managed on an ad hoc, manual basis through supplier contract terms. As a result, the correlations between FX and commodity prices are ignored. Corporates can be caught off guard by price swings, losing margin and/or market share with hedges working against each other over non-contiguous time periods and quantities. Businesses that manage their commodity and currency risk in a more centralized manner can gain an edge over rivals that do not.
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