{"id":12024,"date":"2021-04-27T02:57:16","date_gmt":"2021-04-27T06:57:16","guid":{"rendered":"https:\/\/www.comtechadvisory.com\/blog\/invensoft-sees-ai-at-the-core-of-commodity-management\/"},"modified":"2021-04-27T02:57:16","modified_gmt":"2021-04-27T06:57:16","slug":"invensoft-sees-ai-at-the-core-of-commodity-management","status":"publish","type":"post","link":"https:\/\/www.comtechadvisory.com\/blog\/invensoft-sees-ai-at-the-core-of-commodity-management\/","title":{"rendered":"Invensoft Sees AI at the Core of Commodity Management"},"content":{"rendered":"
\n

Invensoft has a system whereby every 10-years or so, it redoes its software. \u201cWe want to fully benefit from the cloud and the latest technologies,\u201d said Prasad Raju, founder, and CEO of the company. \u201cThe last time we did the major overhaul was 2012 and so, right now, we are busy adding not just new functionality but also revisiting the entire solution set.\u201d This includes four different products in the Invensoft-XBS product set \u2013 Commodity Management, CTRM, 3rd Party Commodity Warehousing, and Logistics. \u201cCommodity Management and 3rd Party Warehousing are the most popular products at the moment,\u201d Prasad told me. \u201cCTRM has also picked up quite a bit. Over the last 15-years, Commodity Management has offered a lot of scope for increased efficiency, and most users we deal with are less interested in the trading side and more interested in areas like procurement, handling, and so on where the operational risks are.\u201d On the warehousing side, Invensoft is investing in completely integrated weigh scales, QR codes, and traceability. \u201cThe market is growing, and it needs more controls and efficiencies in the supply chain.\u201d Invensoft has also invested in AI and this is being deployed in its intelligent warehousing functionality in… continue reading<\/a><\/p>\n

Continue reading Invensoft Sees AI at the Core of Commodity Management<\/a>. This article appeared first on CTRM Center<\/a>.<\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Invensoft has a system whereby every 10-years or so, it redoes its software. \u201cWe want to fully benefit from the cloud and the latest technologies,\u201d said Prasad Raju, founder, and CEO of the company. \u201cThe last time we did the major overhaul was 2012 and so, right now, we are busy adding not just new functionality but also revisiting the entire solution set.\u201d This includes four different products in the Invensoft-XBS product set \u2013 Commodity Management, CTRM, 3rd Party Commodity Warehousing, and Logistics. \u201cCommodity Management and 3rd Party Warehousing are the most popular products at the moment,\u201d Prasad told me. \u201cCTRM has also picked up quite a bit. Over the last 15-years, Commodity Management has offered a lot of scope for increased efficiency, and most users we deal with are less interested in the trading side and more interested in areas like procurement, handling, and so on where the operational risks are.\u201d On the warehousing side, Invensoft is investing in completely integrated weigh scales, QR codes, and traceability. \u201cThe market is growing, and it needs more controls and efficiencies in the supply chain.\u201d Invensoft has also invested in AI and this is being deployed in its intelligent warehousing functionality in… … continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"\nInvensoft Sees AI at the Core of Commodity Management | Commodity Technology Advisory<\/title>\n<meta name=\"description\" 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