Bullion Procurement (Price Hedging)
Bullion procurement plays a major role and it has a direct impact on the profitability of any Jewellery organization. Bullion are generally procuredthrough loans from banks in bulk with a credit period. The organization has an option to fix the rate of the metal and exchange rate anytime during this credit period. The fixing of metal and exchange rate is performed by keeping various factors in mind such as the current realization rate, market volatility, global trends etc. CLSS has developed a complete bullion module in SAP for one of the leading Jewellery company in India to keep track of the loans from the time of procurement till its final settlement along with dashboards to management with what if analysis for timely decision making.
