esp
Acerca de   |   Newsletter
Demand & Supply Chain Management Evolution


Supply Chain Glosario

Glosario  >  C  >  Contract, Futures  


 

Contract, Futures


Fuente: Procurement Glossary
Autor: Paul Rogers
Instituto: CIPS - UK

Cortesía de


 

A contract traded on markets to exchange a specific amount of a commodity at an agreed future price and at an agreed future time.  The party agreeing to buy the commodity is said to have a long position, while the seller has a short position.  Forward contracts are similar to futures contracts in that both specify the exchange of goods for a specified price at a specified future date.  However, a forward contract is not traded on an exchange and the subject of a forward contract is not standardised.  Both approaches may be used in hedging, as these transactions allow speculators and purchasers to adopt an investment position intended to offset potential losses that may be incurred in the acquisition of the commodity.

For example, a chocolate manufacturer may enter into a contract to buy cocoa to make chocolate.  The contract is for 1000kg of cocoa to be delivered in three months time at a price of $1 per kg.  In three months time the price of cocoa may be more or less than $1 per kg, exposing the manufacturer to risk, so they may hedge the purchase by agreeing to sell 1000 kg of cocoa for $1 per kg in three months time.

If in three month’s time the spot price of cocoa is $2 per kg, the chocolate manufacturer will make a $1000 profit on their purchase of cocoa, as they can buy at $1 per kg rather than the spot price of $2 per kg.  However, they have to buy 1000kg of cocoa on the open market at $2 per kg to fulfil their obligation to sell 1000kg of cocoa at $1 per kg, resulting in a loss of $1000; exactly what they made on the purchase.

Similarly, if the spot price of cocoa is $0.50 per kg in three months time, the manufacturer will lose $500 on the purchase element of the hedge, but can buy cocoa at half the price it has agreed to sell at, making a profit of-$500.  See also Hedging.

 

 

 

 

 

 

 




Ofertas de Trabajo
 
Responsable de Compras (Fruta y Verdura)
     
     Valencia  -  PERM  -  Michael Page

Coordinador/a de Logística Interna - Empresa Industrial - Huelva
     
     Huelva  -  PERM  -  Michael Page

Comprador/a - Sector energético (fotovoltaico) - Sevilla
     
     Sevilla  -  PERM  -  Michael Page

Responsable de Operaciones Carga de Proyectos
     
     Madrid  -  PERM  -  Michael Page

Director de Compras España y Portugal
     
     Madrid  -  PERM  -  Michael Page

Logistics Excellence Implementation Manager
     
     Madrid  -  PERM  -  1st Executive

Responsable Operaciones Logísticas - Compañía de Distribución - Málaga.
     
     Málaga  -  PERM  -  Michael Page

Planificador/a de Producción - Empresa Industrial con planta en Sevilla.
     
     Sevilla  -  PERM  -  Michael Page

Comprador/a - Sector energético (fotovoltaico) - Sevilla
     
     Sevilla  -  PERM  -  Michael Page

Responsable de Compras Área F&B (Category Manager) - Grupo Hotelero
     
     Barcelona  -  PERM  -  Michael Page

Responsable de Logística
     
     Murcia  -  PERM  -  Michael Page

Comprador/a Senior - Empresa Industrial - Provincia de Córdoba
     
     Córdoba  -  PERM  -  Michael Page

Jefe de Distribución Regional / Capilar
     
     Madrid  -  PERM  -  Michael Page

Director de Compras - Restauración
     
     Madrid  -  PERM  -  Michael Page

Regional Commodity Manager- Leading Manufacturing Company
     
     Madrid  -  PERM  -  Michael Page



 
           Circular Economy     Industry 4.0     Blockchain 

     Internet of Things     Omni Channel 


Join us on


Noticias y Tendencias
 

Última actualización 6 May 2020
Manufacturing production contracts at unprecedented rate in April
   Fuente: Markit Spain Manufacturing PMI ®  -  IHS Markit
Spain 


Estrategias Para Abordar la Variación de la Demanda Entre Productos Esenciales y No Esenciales.

En este momento tan extraordinario, todo el mundo en retail está viendo cómo se está produciendo un cambio significativo en la demanda del consumidor, por un lado, ha habido un pico de compras en ...


Educación
 

Agenda Local y Regional
 


Recursos
 
JACK WOLFSKIN: 'TGW ha logrado llevarnos de la Edad de Piedra a la Edad Moderna de la logística.'

Todos los productos de JACK WOLFSKIN disfrutan de la tecnología más avanzada y de décadas de experiencia que convierten en realidad su lema "Como en casa fuera de ella". A causa del extraor...

DAP
Redes de proveedores v2.0

¿Está pensando en unirse finalmente a la red Ariba Network o en cómo sacarle el mejor partido? Eche un vistazo a este nuevo informe de Aberdeen Group. En él descubra cómo las mejores em...


Agenda Internacional