Date Announced for the Second Seminar for Aftermarket Supply Chain Management
Developed in cooperation between the University of the Aftermarket and the Automotive Aftermarket Suppliers Association (AASA), the second seminar on Aftermarket Supply Chain Management — How to Redesign Supply Chains — will take place on Dec. 1 & 2. The seminar, hosted by Federal-Mogul, will take place at the company’s facility in Southfield, Mich.
Charting Your Supply Chain DNA — The New Measure of Success
How do the top performing companies measure success within their new supply chain operating models? Traditionally, supply chain models have sought a trade-off between three strategic values: order-to-delivery cycle time and predictability, cash-to-cash velocity and revenue and margin contribution. These outcomes are opposing forces; optimizing one can result in a negative affect on the others.
Executive Interview with Shozo Kibata, Senior Corporate Officer of Toyo Tire
This week, Jim Smith, editor of Tire Review (a sister publication to aftermarketNews.com) talks with Shozo “Carlos” Kibata of Toyo Tire Corp. Shozo “Carlos” Kibata is a very busy man right now, far busier than he was a scant four months ago when he was president of Toyo Tire (USA) Corp. in Cypress, Calif. Since June 1, Kibata was tapped to head Toyo Tire North America, a subsidiary of parent Toyo Tire & Rubber Co. that was created to build and manage the tiremaker’s first North American tire plant. And, as a reward for his hard work in the U.S., Kibata was named senior corporate officer of the parent company.
Supply Chain Management Program Offers Second Seminar: ‘How to Redesign Supply Chains’
The University of the Aftermarket will host the second seminar in its new supply management program, “How to Redesign Supply Chains,” on Wednesday and Thursday, Dec. 1-2, hosted by Federal-Mogul Corp., Southfield, Mich. The Automotive Aftermarket Suppliers Association (AASA) has joined with the University of the Aftermarket to develop and promote this new supply chain management certification program. Aftermarket executives now can earn automotive aftermarket professional (AAP) or master AAP certification through the University of the Aftermarket.
Visteon Shares Drop as Auto Supplier Warns of Lower Results
Shares of Visteon Corp., the nation’s second-largest auto supplier, dropped sharply Friday following a warning from the company that second-half results would be significantly below previous forecasts. Dearborn, Mich.-based Visteon said Thursday evening that lower vehicle production at Ford Motor Co., its biggest customer, and other factors such as higher steel and fuel costs had prompted it to withdraw a prior forecast for full-year earnings of $75 million to $110 million, or 60 cents to 90 cents a share. The company offered no further guidance.
Equipment and Tool Institute Launches Underhood Technologies and Scan Tool Statistical Report
The Equipment and Tool Institute (ETI) announced this week that it has created a new reporting program focusing on the under the hood segment of the vehicle service equipment industry. The Underhood Technologies Statistical Reporting Program, which will focus on tools and equipment that service the area under the hood, includes the growing arena of scan tools.
Executive Interview with Paul Foley, Vice President, Automotive Aftermarket Suppliers Association (AASA)
Our latest edition of “Executive Interview” features Paul Foley, vice president of the Automotive Aftermarket Suppliers Association (AASA), a market segment of the Motor & Equipment Manufacturers Association (MEMA). Join us as Foley brings us up to speed on the rapid growth of AASA since its creation two years ago, as well as several industry initiatives AASA is currently focusing on.
Automakers Shift Focus to Health Care Crisis
An aging former auto industry worker underscores a key challenge facing the U.S. automotive industry and all of manufacturing in the years to come. “Our oldest retiree is 109 years old,” said Jerry Elson, vice president at General Motors. The man, who retired in 1958, is the oldest of 1.1 million people — including 500,000 retirees — for whom GM spent more than $4.8 billion on health care last year. That’s more than the largest U.S. automaker spends on steel, even with steel prices up 30 percent to 60 percent this year.
Bridgestone Announces First Half Results
Bridgestone Corp., parent company of Bridgestone Americas Holding (BAH) Inc. announced consolidated financial results for the six-month period ending June 30. The company reported consolidated net sales of $10.64 billion and net income of $482 million.
Charting Your Supply Chain DNA
How do you develop an integrated operating system that can simultaneously improve working capital, enhance revenue and margin, and improve order-to-delivery speed and predictability? One innovative approach is to select and configure a unique blend of capabilities and strategies, or “supply chain DNA,” across the dimensions of process, information, cash and organization. Over the coming weeks we’ll present a multi-part roadmap to executing that approach-and in the process, achieving all three benefits at once.