What you need to know about Vroozi
So, what do we know about Vro...
Vroozi is working with Amazon Business to offer customers expanded supplier diversity and simplified procurement processes.
So, what do we know about Vroozi?
It is a mobile-enabled procurement platform, founded by Shaz Khan and Richard Chala, based in Southern California. Vroozi has a global network of customers, from Fortune 1000 companies to privately held enterprises across many industries.
Vroozi features include complete mobile-enabled procure-to-pay functionality, catalogue content and supplier management, master data management, workflow approval and integration with other financial systems.
Shaz Khan, Vroozi Chief Strategy Officer and Co-Founder, said: “We believe in creating a 100 percent digital procurement platform that is simple to configure, highly usable, and most importantly, does not require training. There are an array of enterprise-grade features within the Vroozi procurement platform focused on driving immediate business benefits across any sized business including integrated supplier catalog content, spend analytic dashboards, and a business rules framework which can be configured by companies without any programming or development expertise."
Vroozi is offering a free 30-day trial, so that users are able to experience an end-to-end cycle from requisitioning products and services to creating delivery confirmations for purchase orders.
The deal with Amazon Business means it offers businesses of any size and industry the ability to shop within Amazon Business, tracking all orders and analytics within the Vroozi platform. It also integrates with third-party systems such as SAP, Oracle or NetSuite, allowing companies to leverage their existing procurement system investment and add immediate business value within weeks.
By integrating Amazon Business with the Vroozi Procurement Platform, companies do not need to develop complex interfaces to connect and send orders with Amazon Business. Users sign up with Vroozi, connect to Amazon Business, and return products directly to the Vroozi purchasing platform for ordering and approval.
Steve Olds, Vroozi CEO, said: “We cannot wait to see what our customers achieve with Vroozi and Amazon Business. The capability for our customers to choose from Amazon’s millions of products for their business needs and integrate these purchases with the Vroozi purchasing platform brings immediate value to any sized company.”
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EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”