SPONSORED

This article brought to you with: Finale Inventory.

See how Finale Inventory helps you improve and scale your operations with their all-in-one, multi-channel inventory management solution.

Steel from China fails tests for NZ bridge

Let this be a lesson in procurement, selecting based upon the lowest-cost is NEVER a good procurement strategy…it now looks like it will cost MORE to fix the issues caused by poor quality steel for this New Zealand bridge project.

Global Procurement & Supply Chain Professionals Read This…

Free Case Study When You Subscribe

…Carefully curated procurement & supply chain issues that make you look smart, sent to your inbox every week.

PLUS: Get the FREE Procurement Case Study when you subscribe: “How McDonald’s Overcame Global Supply Chain Obstacles”

Procurement Bulletin eNL Subs Email Only Step 1

Similar Posts

Toyota Applies Lessons Learned From 2011 Earthquake
|

Toyota Applies Lessons Learned From 2011 Earthquake

ByVincent Po

In 2011, automakers in Japan faced months of production setbacks due to a massive earthquake. When it happened again in April 2016, Toyota was better prepared and is already bouncing back. The company is still losing money because of the quake, but losses aren’t as bad as they were in 2011. Take a look at…

|

Freezing Weather in the U.S. Threatens Crops and Livestock Prices

ByVincent Po

North America has seen some pretty bizarre weather this year. Right now the east coast is seeing record low temperatures as cold, dense air flows down from the Arctic. These freezing conditions are causing havoc for the transportation industry. In addition, several crops are threatened, causing commodity prices to rise.

U.S. Chamber of Commerce Presents Grim Outlook for Nation’s Transportation Infrastructure
|

U.S. Chamber of Commerce Presents Grim Outlook for Nation’s Transportation Infrastructure

ByVincent Po

On Thursday, the U.S. Chamber of Commerce presented “The Future of Our Nation’s Infrastructure and What it Means for Trucking and the Economy” at the Fourth Annual Commercial Vehicle Outlook Conference. The presentation was made by Drew Preston, manager of congressional and public affairs for the Chamber, moderator Tom Lehner, and the public policy vice…

Banks Tighten Requirements for Ship Owners’ Contracts, Threaten to Cancel Loans

Banks Tighten Requirements for Ship Owners’ Contracts, Threaten to Cancel Loans

ByVincent Po

Ship owners are having to be more careful about what companies they trade with, under threat from their banks to cancel loans when the owner enters contracts with companies the bank believes to be at risk of defaulting on contracts. This means shippers are having to settle for shorter term contracts with an increasingly smaller…

Procurement Integrity Violations Cost Contractor $60,000
| |

Procurement Integrity Violations Cost Contractor $60,000

ByVincent Po

Questionable activities were commonplace in the procurement industry long before the Procurement Integrity Act passed in the late 80s. From small-scale construction projects to multimillion dollar research and development proposals, there have been cases of espionage, bid tampering, and similar crimes. Penalties are harsh at any level, but contractors and procurement professionals working with federal…