Latest Procurement News
Toyota maps its supply chain to deal with future disasters
Automotive giant Toyota, whose supply chain was hit hard by the Japanese earthquake and tsunami last March, has announced that its plans to make the supply chain more resilient will be in place by the autumn.
Executive vice-president Shinichi Sasaki who overseas purchasing told Reuters that Toyota has mapped over 500 direct suppliers in Japan, which has identified 1,500 sites producing components, of this 300 were “at risk”, which are single sources for close to 1000 parts.
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Global magnesium commodity price gap widening
Magnesium prices on global commodity markets have begun to fork as demand in China outpaces demand in the west, new research reveals.
According to Merchant Research & Consulting, the pricing on the global magnesium market is demonstrating “uneven patterns”. The research group observes that there is a “rather big gap in magnesium prices” on the developed markets of the USA and Europe and the strengthening economy of China.
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UK businesses gambling on high risk suppliers
Over 10% of large UK enterprises are “substantially reliant” on high-risk suppliers, new research warns.
According to a poll of 200 large corporate UK companies, commissioned by procurement services provider Achilles, there is widespread “fragility of many companies’ supply chains”.
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Woolworths opens hotline for suppliers to report malpractice
Woolworths, the biggest supermarket retailer in Australia, has launched a hotline that allows its suppliers to report acts of malpractice.
The telephone service has been set up to encourage the supermarket’s suppliers to let senior management know about acts perpetrated by its own staff such as restrictive tendering practices.
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Game loses support of key supplier
Troubled entertainment retailer Game Group, which announced last month that it had agreed a deal with its suppliers that would help keep it in business, is seemingly back in danger after one of the group’s main suppliers, EA, changed its mind.
Earlier last month the retailer gathered its suppliers together and it was understood suppliers had been asked to accept worse payment terms by cutting prices, accepting later payments or paying the group a “supplier rebate”.
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