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Tuesday, January 20, 2009 1PM - 2PM CT
Cost: Free
Register Now : www.apics.org
How do transportation management leaders balance rising fuel cost and increasing customer deliver performance objectives? Participate in this complimentary APICS Webinar event to capture key insights from more than two years of SAP transportation management benchmarking data. Learn on which key performance indicators (KPIs) the top quartile performance focus.
Monday, January 26 2009
Eagle Creek, Burnaby Mountain
Vancouver Regional Branch, BCI – PMAC
Vancouver, BC
Cost:Â MEMBERS + NON-MEMBERS: $50.00 + GST
PMAC Members and their Guests are invited to attend ‘Workshop for Women . Create your Best Year Ever! Make Connections in Your Life and Network! Connect with your Purpose and Passion. This meeting is NOT eligible for C.P.P. maintenance.
More Information : Download PDF
January 23 Eligibility Deadline: Complete your eligibility application today.
February 6 Registration Deadline: Download the APICS CSCP Exam Registration Bulletin now.
Exam Date: March 21
Company leaders cut inventories prior to 2009 in a move that could lead some businesses to collapse, reports a recent Financial Times article. The destocking also is taking hold as raw material prices plummet and businesspeople wait longer to buy products that are getting cheaper.Feike Sijbesma, chief executive of Dutch life sciences group DSM, says destocking is causing pain throughout the supply chain. “Some smaller companies might fail,†he says.
Charles Tilley, head of the Chartered Institute for Management Accountants in the United Kingdom, says managing stock levels is a priority for company leaders in the downturn. “Obviously you want to have as little stock as possible,†Tilley says. Accounting rules force professionals to write down losses on inventory if a product was bought for more than it can be sold.
Some European industry insiders suggest it could be necessary to spend billions of Euros on write-downs. Andrew Vials, technical accounting partner at KPMG, says, “It is an area of focus. In any situation where you bought your inventory some time ago and the price is going down, you may have to write it down.â€
Company leaders also are reluctant to restock some items as raw material prices continue to decline. “Everyone is destocking because they are all saying, ‘let’s wait and buy raw materials later because they can only get cheaper,’†Sijbesma says.