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REQUEST FOR PROPOSALS Newport News Public Schools ISSUING OFFICE:DATE: March 5, 2019PURCHASING DEPARTMENT 12465 WARWICK BOULEVARD NEWPORT NEWS, VA 236063041 TELEPHONE: (757) 5914525 FAX: (757) 5914634Attention
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01
Begin by gathering all relevant information about the commodities involved, including their current market prices, historical volatility, and any correlations
02
Assess the company's risk appetite and tolerance for commodity price fluctuations
03
Identify and analyze the potential risks associated with the commodities, such as supply chain disruptions, geopolitical issues, or regulatory changes
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Develop a risk management strategy tailored to the company's specific needs and goals
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Implement risk management tools and techniques, such as hedging strategies, futures contracts, options, or derivatives
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Regularly monitor and evaluate the effectiveness of the risk management plan, making adjustments as necessary
07
Provide ongoing support and advice to the company regarding commodity risk management best practices

Who needs commodity risk management consultant?

01
Companies involved in commodity trading
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Agricultural companies
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Mining companies
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Energy companies
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Manufacturers using commodities as raw materials
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Investment firms with exposure to commodities
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Financial institutions offering commodity-related products
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Risk management departments of various industries
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