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Procurement rate contracts used by supply chain companies in 2020

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Source

Release date

June 2020

Region

Worldwide

Survey time period

2020

Number of respondents

over 150

Special properties

members of supply chain leadership

Supplementary notes

Date and type of survey were not stated by the source.

Citation formats

Rate of procurement by supply chain companies 2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Nov 3, 2020
During a 2020 survey, over **** of supply chain leadership members stated that their company uses mostly contract rate procurements to facilitate business relations. Spot and contract rates are two of the possible types of exchange agreement between parties to settle and pay for a service. The spot rate is a procurement rate determined at the time of purchase mostly for transactions in *** days. On the other hand, a contract rate, also known as a futures contract, settles an exchange between parties now at a rate for a future transaction.
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