If You Can't Beat 'em, Supply 'em

Article Abstract:

The IBM 4341 computer system with the Communications Oriented Production Information and Control System (COPICS) software helps Duncan Enterprises (Fresno, California) with inventory control, materials requirements, planning, and ordering. The manufacture of ceramic hobby products was able to reduce inventory by $1 million the first year it used COPICS. Other benefits are annual savings of $220,000 in raw material purchases and $180,000 yearly in inventory carrying costs. The computer system allows Duncan to plan rather than react in a business where inventory levels and demand are the driving forces.

Software, Business planning, Inventory control, Cost control, Computer Systems, Applications, Manufacturers, Cost Reduction, Craft Industry, Duncan Enterprises

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The Fed's No.2

Article Abstract:

Preston Martin is the Federal Reserve Board's Number two man. He is the Reagan Administration's only appointment to the board. He has disagreed publicly with the board's policy in some instances. He believes new policies are needed to encourage more long-term financing. He feels very strongly that there is a need for growth in the economy. He sees no need to maintain a gold price. Standards in banking, he believes, should be set to avoid any appearance of conflict of interest if banks underwrite and deal in private mortgage-related securities. He is expected to succeed Paul Volcker by 1985.

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The Supply Side

Article Abstract:

If you add wages and rents and profits in a manufacturing business, you will have enough money to purchase it. Jean Baptiste Say claimed this in his book about Say's Law. George Gilder, in an excerpt from his book, 'Wealth and Poverty', elaborates on this theory of supply side economics. It is the creativity involved in production that causes consumption - not the demand. When government is paying for part of the supply, creativity is stifled and also demand.

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