iFlow: working on smarter decisions in the day trading of floriculture products /strengthening pricing in day trading
Is it possible to structurally improve the pricing of floriculture products in day trading and make it more stable? That is the key question in the iFlow research project. And how can innovative logistic concepts contribute to this? In order to answer these questions, Rotterdam School of Management, Erasmus University (RSM), FloraHolland, growers, trade and Wageningen University are working together in the iFlow project. The goal of iFlow is to support day trading between grower and customer and thus ultimately strengthen the Netherlands as a market place.
The clock has always been an effective and efficient instrument in establishing a good market price and in the fast commercial and logistic management of many transactions. However, there has been a sharp increase in the direct flows between grower and customer. Furthermore, the clock is still very important for price formation in the total market. At the same time, this price formation is affected by various factors and has become less stable. In turn this instability in pricing on the clock puts more pressure on pricing in the direct flows. Also, logistic management linked to the clock is still a benchmark in the market.
The use of new ICT and advanced tools to support decision making help modernise the day trading process and the associated logistic chain network and make it more competitive and sustainable. Research by RSM has shown that it is possible to help growers and customers take better decisions on buying and selling flowers and plants. Based on that conclusion, the iFlow project looks for tools which can do that, so that people can use them to work on good and stable pricing. Wageningen University, involved in the Davinci project, builds further on research on demand driven logistics.
The four year project is financed by The Top Knowledge Institute for Horticulture, the Horticultural Product Board and the participating businesses. The project is co-ordinated by FloraHolland and RSM.
Rotterdam School of Management, Erasmus University (RSM) is a top-tier European business school and ranked among the top three for research. RSM provides ground-breaking research and education furthering excellence in all aspects of management and is based in the international port city of Rotterdam – a vital nexus of business, logistics and trade. RSM’s primary focus is on developing business leaders with international careers who carry their innovative mindset into a sustainable future thanks to a first-class range of bachelor, master, MBA, PhD and executive programmes. RSM also has an office in Taipei, Taiwan. www.rsm.nl
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