Introduction Tompkins Supply Chain Consortium defines “uncertainty” as the level of knowledge of the past and current conditions that allows one to describe the existing state and predict a future outcome. Anyone who claims to have a clear picture of the past and current state and thinks they can predict the future is wrong.
Whether it’s because you want to shift from a decentralized logistics network to a centralized one, improve your company’s operations to become more cost-efficient on an international level, create profit centers for your chosen carriers that will result in significant rate discounts — or all of the above — when you decide it is in your company’s best interest to change or consolidate carriers, there are seven critical steps you will need to take to make sure that the process comes off without a hitch.
WASHINGTON (AP) — The trade deficit widened in December as rising oil prices pushed the value of imports up faster than U.S. exports. The deficit increased 5.9 percent in December to $40.6 billion, the Commerce Department reported Friday. U.S. exports of goods and services rose to $163 billion, a 1.
DETROIT (AP) — Most of the 26,000 white-collar workers at General Motors Co. will get performance bonuses of 4 to 16 percent of their base salaries this year, but payments to a small number could be 50 percent or more, the company confirmed late Thursday. Chrysler Group LLC also will give bonuses to white-collar workers, with payments expected on Friday.
MINNEAPOLIS (AP) — Food industry workers who become whistleblowers gained protection against retaliation from their employers with a little-noticed provision in the sweeping food safety law President Barack Obama signed last month. The Food Safety and Modernization Act is best known for sections that aim to prevent foodborne illnesses, allow the Food and Drug Administration to order recalls and make it easier to trace contaminated food to its source.
DETROIT (AP) — Car buyers usually have to pay a premium of $5,000 or more for the hybrid version of a car. So when Ford Motor Co.'s Lincoln MKZ hybrid went on sale last fall for the same price as the gas version, it became a test case for hybrid demand. The verdict: More people will choose the hybrid when price isn't a factor, but not too many more.
BEIJING (AP) — Hackers operating from China stole sensitive information from Western oil companies, a U.S. security firm reported Thursday, adding to complaints about pervasive Internet crime traced to the country. The report by McAfee Inc. did not identify the companies but said the "coordinated, covert and targeted" attacks began in November 2009 and targeted computers of oil and gas companies in the United States, Taiwan, Greece and Kazakhstan.
AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. reported Thursday its revenue rose 14 percent in the fourth quarter but it lost $177 million as it absorbed costs for its planned closure of a plant in Union City, Tenn. Its adjusted earnings and revenue beat Wall Street expectations, and shares surged $1.
AutomationDirect (Cumming, GA) has expanded its Hammond line of HPS Fortress commercial encapsulated power transformers. The single-phase units are now available in 100VA to 25kVA ratings and input voltages ranges of 120VAC to 480VAC. They are encapsulated with electrical-grade silica sand and resin compounds to protect the core and coils, which seals out moisture and airborne contaminants.
The new magnetic KPI whiteboards from Magnatag (Macedon, NY) help managers tell employees that “things get done” when they display key performance metrics. According to the company, these whiteboards can help increase productivity, or can be used as an essential component of a company’s Lean program.
The RIDGID (Elyria, OH) KJ-3100 water jetter offers professional power to clear blockages in 2” to 10” diameter drains with a full 3,000-psi working pressure, and a 5.5 gallon-per-minute flow. The KJ-3100 jetter allows the user to reach remote or resisted-access drains easily. The system is mounted on a heavy-duty, two-wheeled cart that fits through standard doors and negotiates tight turns, and the design allows the user to refuel without removing the reel.
Omega Engineering, Inc. (Stamford, CT) now offers the CS series of process control modules, which give you PID loop control of any process, all without using a PLC. A variety of modules allow for control of temperature, flow, and pressure, while the single- and dual-loop temperature models provide ramp-and-soak controls.
The multiple factors considered in creating production schedules to meet customer service levels, while managing inventory, pointed to the need for a finite capacity scheduling system for one food manufacturer. Oberto Sausage Company is a family owned business that offers a complete portfolio of meat snacks, refrigerated sausage, and deli products for 89 years.
CNN Tech taught me a new word last week: Undecillion. That’s right… we’re making stuff up now. Numbers, in fact. If forced to guess what exists an undecillion times in our world—in order to require this made-up sounding number—I might start with plankton or fleas, grains of sand or former child actor felonies.
Anyone who spends time in Cleveland during the winter — or anywhere in the northern half of the country — is well aware of the copious amounts of salt used to keep roads free of ice. But little do most know that Cargill operates a massive salt mine directly underneath Cleveland, with 100 miles of roads and tunnels.
A new law hopes to phase-out the incandescent light bulb in favor of more energy-efficient versions, and, like everything else in this country, the opposition force is moving to have the law repealed. In case that movement falls through, however, some incandescent-lovers are going to extreme lengths to avoid CFL, LED, and halogen bulbs, such as hoarding five-year supplies.
Chrysler's Super Bowl ad featuring the "Motor City" and rapper Eminem has received a great deal of buzz in the days following its premiere, and now many are left wondering if Detroit is about to experience a "renaissance." CNBC sat down with Detroit Mayor Dave Bing to discuss some of the new policies he's putting in place to encourage growth in the inner city.
As many of you have heard, the government has said — after a 10-month investigation — that the Toyota recalls were caused by sticky accelerators and floor mats, not any electronic flaws. After 8 million recalled vehicles, Toyota is simply trying to move past the controversy, but some aren't done fighting.
Plastic vs. Metal Belting . Virtually every manufacturer employs conveying systems in their processing operations. Different conveyor belting options are available to manufacturers, and each presents its own benefits to various applications. IMPO sister publication Food Manufacturing asks two experts to sound off: Jamie Card, Marketing Specialist, Wire Belt Company of America Processing plants face many different challenges, including increased pressure to avoid downtime and keep lines running.
AUBURN HILLS, Mich. (AP) — The FBI has raided the suburban Detroit offices of the Japanese auto parts supplier Takata Corp. A subpoena and search warrant were served Tuesday at the offices of TK Holdings Inc. in Auburn Hills. Takata spokeswoman Alby Berman tells WXYZ-TV she's unsure of the reason for the raid.