I would like to provide a summary of the critical areas and path that we suggest you may want to follow to ensure you have a successful C/ETRM system process, from selection to implementation and for future use. Why are you buying a C/ETRM system? It is often sold as the front-office capability and needs…
One Size Finally Fits All Although a one-size-fits-all solution isn’t likely, I can certainly promise we will get to a better, more integrated state. How and why we will get there, though, won’t simply be organic. Industry changes are coming, in my view. The implications of that will be higher, not lower price tags,…
I have purposely used the word ideas in the chapter title, because I cannot know your requirements from afar. If I do have the opportunity to assess your requirements and software, we will have hundreds, or close to 1,000 requirements. Once you have these requirements set out, you are ready for a software vendor selection…
What is Hedging? Many trading and risk experts would read this headline and think: Why would one start with such a basic question? On your notes page, write your hedging definition of hedging, even just one word to one sentence. Or, a paragraph, and let’s compare it with others, internally to start, to find…
Extraordinary Popular Delusions and the Madness of Crowds When I was kid, my grandfather, the small-town Ohio doctor I mentioned in the Introduction, and I were sitting at his humble kitchen table one morning when I was thirteen. He had in his hands this hardback book with a rustic, old-looking cover. He said to…
