THE COMMODITIES COO & CTO . ITS TIME TO MERGE

THE COMMODITIES COO & CTO

E1vis.Eth

1/6/20231 min read

There are several reasons why the Chief Operating Officer (COO) in a commodities company might also be responsible for the technology department.

First and foremost, technology plays a crucial role in the operations of any modern business, and this is especially true in the commodities industry. Commodities companies rely on technology for a variety of purposes, including logistics management, supply chain optimization, market analysis, and risk management. As such, the COO, who is responsible for overseeing the overall operations of the company, would need to have a strong understanding of how technology is used to support these operations.

Additionally, having the COO oversee the technology department can help to ensure that there is alignment between the company's operational goals and its technology strategy. The COO can work with the technology team to ensure that the technology being implemented is aligned with the company's overall business objectives and that it is being used in the most effective way possible to support those goals.

Furthermore, having the COO oversee the technology department can help to facilitate better communication and collaboration between the two teams. The COO can act as a bridge between the technology team and the rest of the organization, helping to ensure that the technology team has a clear understanding of the business needs and goals and that the rest of the organization has a clear understanding of the capabilities and limitations of the technology being used.

Overall, there are several reasons why the COO in a commodities company might also be responsible for the technology department. From ensuring that technology is being used effectively to support the company's operations to facilitating better communication and collaboration between the two teams, the COO can play a critical role in ensuring that the technology department is aligned with the company's overall business objectives.