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Business IntelligenceBy Tom Stundza, November 19, 200991% Copper price inflation by 2013 Source: RBS Global Banking & Markets WHAT IT MEANS: Copper prices on the London Metal Exchange could be as high as $4.10/lb, a new high, by 2013 as the market moves into supply deficit from rebounding industrial demand. Note that spot world copper is on pace to average $2. More
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Spotlight shines on key suppliers, November 19, 2009Rockwell Collins Rockwell Collins, a Cedar Rapids, Iowa-based developer of communication and aviation electronic technology for commercial and governmental applications, has a wide-ranging supplier-awards program that recognizes small businesses, companies with Lean practices and commodities suppliers who have demonstrated excellence. More
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Catalent Pharma's procurement team makes it on its ownBy William Atkinson, November 19, 2009Being a procurement department in a division of a larger corporation has advantages such as being able to leverage spend with the other divisions, sharing technology and infrastructure as well as best practices. However, if and when a division is spun off on its own, things can become challenging for the new standalone procurement department. More
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Jim Morgan, former Purchasing editorial director and author, November 19, 2009James P. Morgan, 81, editorial director emeritus of Purchasing magazine, died on October 31. A native of the Williamsburg section of Brooklyn, Jim Morgan began his career as a business journalist in 1958 after service in the U.S. Army when he joined McGraw-Hill's Purchasing Week Magazine (later Purchasing World magazine). More
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Goodyear rolls suppliers further back into product developmentBy David Hannon, November 19, 2009When mark purtilar took over as CPO at Goodyear Tire & Rubber two years ago, one of the C-level executives he built a quick relationship with was Jean-Claude Kihn, the tiremaker's new chief technology officer (CTO). After just a few conversations, it was clear the two men are of the same mind when it comes to suppliers. More
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As the economy recovers, shippers rethink potential advantages of 3PLsBy David Hannon, November 19, 2009One of the major challenges for logistics and supply chain professionals heading out of the recession will be ensuring that their supply chains have the right levels of logistics capacity to meet the needs for their companies' growth both on the inbound and outbound side of the supply chain. And clearly, there's a role for the third-party logistics provider in helping shippers secure freight ca... More
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Strategic Sourcing Business Intelligence, November 19, 200949.0 Business conditions index reading for October Source: www.purchasingdata.com WHAT IT MEANS: For the first time since May, business conditions declined, as reported by purchasing pros surveyed. In fact, the reading of 49 indicates business was contracting in October, not growing. 56% Buyers who look at suppliers differently in light of "too big to fail" Source: Purchasing. More
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Five steps take Byrne Tool & Die to improved procurementBy William Atkinson, November 19, 2009In some companies, procurement is involved as part of an overall company strategy to streamline operations, expected to take steps to streamline its own processes. In other companies, procurement actually assists a company in streamlining overall operations. At Byrne Tool & Die, procurement's work has helped the entire company run more smoothly. More
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Jim Morgan, editor, mentor, leaderBy Paul Teague, Editor in Chief, November 19, 2009Jim Morgan would hate the fact that his name is in this editorial. "Write about the reader, the purchasing function," I can almost hear him say in his gruff voice that belied a gentle demeanor. Well, the fact is that writing about Jim, the long-time editorial leader of Purchasing who passed away last month, is, both figuratively and literally, writing about the reader and the purchasing function. More
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Zinc demand SinksBy Tom Stundza, November 19, 2009World demand for zinc, a key coating metal, is down 8.6% and close to a record low this year and renewed purchasing may be slow. Upshot: "Zinc prices are at a crossroads," writes commodities blogger Sandeep Daga, a financial advisor at Standard Bank in London. His meaning: Prices will either increase 15% in 2010 or fall 22% from this year's expected average. More
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Nickel supply surplus expected to continue, keeping stainless steel prices downBy Tom Stundza, November 19, 2009Natixis commodity markets, Mitsui Bussan Commodities and other nonferrous metals analysts all forecast the nickel supply surplus will stay high through next year. So, although a global stainless steel recovery may gather momentum in 2010, the researchers believe high inventories will keep the world nickel price average under $10/lb for the third year in a row. More
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Steel shipments from service centers rise 1.1%Tom Stundza, November 17, 2009Steel inventories in October increase 2.2% More
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Steel sheet prices fallTom Stundza, November 17, 2009Supply exceeds demand More
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Supply trends have buyers sourcing closer to homeDave Hannon, November 16, 2009
Longer leadtimes, risk management concerns may shorten supply lines
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Oil prices are out of synch with demandTom Stundza, November 15, 2009Weak dollar has helped inflate oil prices More
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Nissan predicts big U.S. market for LeafTom Stundza, November 15, 2009Electric-car sales seen passing a million by 2015 More
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Grupo Mexico wins AsarcoTom Stundza, November 15, 2009Judge rules against Sterlite bid for copper firm More
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ThyssenKrupp steel projects continue in U.S., BrazilTom Stundza, November 15, 2009New plant startups will be stretched out into 2011 More
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Biomass production plant approvedTom Stundza, November 13, 2009renewaFUEL to operate in Marquette, Mich. More
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Volkswagen shifts to modular-platform strategyPaul Teague, November 13, 2009New strategy could reduce outsourcing to some suppliers More
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