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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 18, 1992
Page
8
Paul Tulenko advises small firms on guarding finances against embezzlement. Screen employees, remove temptations, audit records, separate payroll, and keep strict ledgers. He suggests lockboxes, dual handling of cash, and outside payroll services to reduce risk and stay compliant.
Carrier Corp. uses Kanban trigger reorder to cut inventory turnover times. In Indianapolis inventory turns reach up to 70 times monthly, with suppliers delivering twice daily. Just-in-time purchasing reduces on hand material from weeks to hours or days, as exemplified by Budweiser can and bottle lines.
The National Association of Purchasing Management of Greater Syracuse will host Purchasing Expo 92 at the Jefferson Street Armory in downtown Syracuse for two days. Seminars on innovative inventory systems and other topics aim to educate purchasing professionals. The show runs September 23 and 24 from 10 a.m. to 7 p.m.
GAO reports Defense Department plans to cut its funding for Sematech, the industry consortium aiding U S semiconductor competitiveness. Congress previously restored funds, with Pentagon proposing $80 million annual support to 1997 and broader distribution to other firms and universities. Industry says cuts threaten weapon system chip advances.
Canadian media magnate Conrad Black seeks to acquire the New York Daily News after the paper filed for bankruptcy protection. The plan hinges on union agreements and a $75 million debt payment plus a $200 million printing plant, with a possible higher offer from rival Mortimer Zuckerman.
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