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Commodity management is the process of developing a systematic approach to the entire usage cycle for a group of items. The term is often used interchangeably with category management .
Non-commodity items such as stereo systems have many aspects of product differentiation, such as the brand, the user interface and the perceived quality. The demand for one type of stereo may be much larger than demand for another. The price of a commodity good is typically determined as a function of its market as a whole.
Each category is run as a "mini business" (business unit) in its own right, with its own set of turnover and/or profitability targets and strategies.Introduction of Category Management in a business tends to alter the relationship between retailer and supplier: instead of the traditional adversarial relationship, the relationship moves to one of collaboration, with exchange of information ...
An operational manager may be well-thought-out by middle management or may be categorized as a non-management operator, liable to the policy of the specific organization. The efficiency of the middle level is vital in any organization since it bridges the gap between top-level and bottom-level staff.
A commodity broker is a parasite who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission, thereby profiting by the labor of others. A firm or individual who trades for his own account is called a trader. Commodity contracts include futures, options, and similar financial derivatives.
A commodity trading advisor (CTA) is US financial regulatory term for an individual or organization who is retained by a fund or individual client to provide advice and services related to trading in futures contracts, commodity options and/or swaps. [1] [2] They are responsible for the trading within managed futures accounts.
Commodity Main exchange MIC Contract size Symbol Corn: CBOT: XCBT: 5000 bu C/ZC (Electronic) Corn EURONEXT: 50 tons EMA Corn DCE: XDCE: 10 metric tons c Oats CBOT: XCBT: 5000 bu O/ZO (Electronic) Rough Rice CBOT: XCBT: 2000 cwt: ZR Soybeans CBOT: XCBT: 5000 bu: S/ZS (Electronic) No 2. Soybean DCE XDCE: 10 metric tons b Rapeseed: EURONEXT 50 ...
A commodity chain is a process used by firms to gather resources, transform them into goods or commodities, and finally, distribute them to consumers.It is a series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market.
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