Business & Industry

4 Sourcing Strategies During a Downturn

The global recession has added pressure on procurement departments to perform with fewer resources. Consider these four tactics to survive the economic slump. As companies face one of the toughest markets in years, chief procurement officers (CPOs) are now under more pressure to keep costs low and accomplish more with fewer resources. A recent survey by Accenture found that 59 percent of CPOs...

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Business & Industry

Be More Than a Face in the Crowd

Although job seekers benefit from on-the-spot interviews at job fairs, they also face plenty of competition. Here are some tips to avoid being "kept on file." Continuing unemployment claims set another record in the last week of March, hitting 5.84 million with seemingly no bottom in sight. Indicative of the tough job market, more than 10,000 job seekers, from college students to unemployed...

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Business & Industry

Mastering Procurement Contract Management

While recent studies suggest now is a good time for short-term contract negotiations, companies must also strategize for the long-term management of procurement contracts. As a result of the economic slump, many procurement professionals believe they are in a better negotiating position with their suppliers and thus have major influence in the steering of their businesses. A recent study by...

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Business & Industry

Weekly Industry Crib Sheet: Automotive News Roundup

Plus a Look at Stricter Toxic Substance Reporting Rules, Los Angeles Port's Increasingly Competitive Rivals and MORE. GM Slashes Jobs, Phases Out Pontiac and Saturn The United States Department of Treasury on Friday said it lent an additional $2 billion to General Motors Corp. to help the company operate until June 1, the deadline for submitting a new restructuring plan. The news of the loan came...

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Business & Industry

Light Friday: The Peter Principle, Pedal Power and Bioengineered Brew...

Plus: Up is Down and Down is Up, NASA's Earth Day Celebration and Free Coffee in Canada. Happy 40th, Peter Principle When first published in the late 1960s, former teacher Laurence J. Peter and playwright Raymond Hull's book The Peter Principle was a bestseller. The humorous treatise on workplace incompetence, about to be reissued in honor of its 40th anniversary, formulated the concept that, in...

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Business & Industry

Global Steel Output Still in Decline

Prices for steel soared to historic highs last year. Now, as the global economy still struggles desperately to find footing, output of the metal continues to mirror the disheartening economic downturn. Global steel output in March dropped to 23.5 percent lower than in the same period last year, only marginally better than January when production was 24 percent below January 2008, across 66...

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Business & Industry

New Twist on Labor Negotiations: Bossnapping

There is a journalistic truism that one incident is not necessarily news, and two may be a coincidence, but three similar developments indicate a trend. One particularly scary trend recently: workers holding their bosses hostage to demand better severance. In France, it's become a high-profile tactic for industrial labor negotiation: lock up factory managers for a day or two to force them to...

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Business & Industry

How Inefficient are Modern Manufacturing Methods?

New analysis from MIT has uncovered some alarming figures that indicate manufacturing methods are "spectacularly inefficient in their use of energy and materials." It has become obvious that nearly every aspect of future manufacturing operations will have to cut its energy consumption, if not for environmental stewardship then for cutting costs to stay competitive. Manufacturers use nearly a...

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Business & Industry

Weekly Industry Crib Sheet: Promising Signs Amidst Tough Times

Plus: The EPA last week declared in no uncertain terms that greenhouse gas emissions are putting the public's health at risk, setting the stage for unprecedented action. Times Still Tough but Glimmers of Hope Seen In information collected on or before April 6, for the Federal Reserve's latest Beige Book report, five of the 12 regional banks reported a moderation in the pace of economic decline....

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Business & Industry

Light Friday: What the Bailout Looks Like in $100 Bills...

...Wooden Roadster, Orbital Treadmills, a Solar-Powered City, the Google Crystal Ball and MORE. For some time now, it's been difficult to avoid hearing or reading about the latest plan to revive the economy and how much money would go into that plan. Using official measurements of American currency from the U.S. Bureau of Printing and Engraving and the U.S. Mint, CNBC created a mock-up of what...

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