DOCSLIB.ORG

Reducing Inventory Value by Advanced Purchasing

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Reducing Inventory Value by Advanced Purchasing Esa Huotari Reducing Inventory Value by Advanced Purchasing Metropolia University of Applied Sciences Master of Business Administration Supply Chain Management (Procurement) Master’s Thesis 22.11.2020 Abstract Esa Huotari Author Reducing Inventory Value by Advanced Purchasing Title Number of Pages 74 pages + 7 appendices Date 22 November 2020 Degree Master of Business Administration Degree Programme Supply Chain Management (Procurement) Specialisation option Tuomas Akkanen, General Manager, Rapala VMC Corp. Ba- Instructor tam Hanna Harilainen, PhD, Principal Lecturer The purpose of this thesis was to analyze reasons for high inventory level of Rapala VMC Corp. Batam factory and to define corrective actions so that the inventory value could be decreased in control without endangering production. The first target was to significantly reduce the inventory value, and the secondary target was to define and develop purchasing processes and procedures to support the main target that could later on be used at other Rapala business units. The thesis was conducted using Action research methodology and qualitative methods to gather sufficient data for analysis. The main research method was a purchasing consultation workshop that took place on site Rapala VMC Corp. Batam factory in the beginning of Feb- ruary 2020, but it also included other preliminary preparations and reporting afterwards. During the workshop, the root causes for excessive inventory were identified. Also, a pur- chasing process development plan was created to mitigate the root causes for high inventory value including the targets and key point indicators for an active follow up. The development plan was split into different phases, and the first phase developments were implemented into practice by the factory management. The results were actively measured and commu- nicated in weekly and monthly meetings. The development plan also included change man- agement topics taking into account cultural differences as the business environment in In- donesia is completely different from Finland. As the outcome of the thesis, the targeted reduction of inventory value was reached and even exceeded. New purchasing procedures were also developed and implemented. The analysis methods and project framework could be used at other business units as planned. Abstract Keywords Procurement, categorization, supplier management, change management, performance measurement Contents 1 Introduction 1 1.1 Rapala VMC Corporation 2 1.2 PT Rapala VMC Batam 3 2 Research overview 3 2.1 Problem statement 4 2.2 Research targets 5 2.3 Research questions 5 2.4 Scope and key performance indicators of the research 6 2.5 Research design and action plan 6 2.6 Action research 8 2.7 Research type and data collection methods 9 2.7.1 Qualitative research 10 2.7.2 Processing of collected data 11 3 Strategic approach to procurement 12 3.1 Reactive and proactive purchasing 13 3.2 Segmentation of purchases 14 3.3 Purchasing and supply development model 15 3.3.1 Transactional orientation 16 3.3.2 Commercial orientation 17 3.3.3 Purchasing co-ordination 17 3.3.4 Internal integration 17 3.3.5 External integration 18 3.3.6 Value chain orientation 18 3.3.7 Conclusions of the development model 18 4 Change management and cultural factors 19 4.1 Change management 22 4.1.1 Change management best practices 22 4.1.2 Change management in Indonesia 23 4.2 Implementation of change management 24 4.3 John Kotter’s eight-step model 24 4.3.1 Sense of urgency 25 4.3.2 Powerful guiding coalition 26 4.3.3 Creating a vision 26 4.3.4 Communicating the vision 27 4.3.5 Empowering others to act on the vision 27 4.3.6 Planning for and creating short term wins 28 4.3.7 Consolidating gain and producing more change 28 4.3.8 Institutionalizing new approaches 29 5 Current state analysis 29 5.1 General findings 31 5.2 Purchasing strategy 32 5.3 Inventory 34 5.4 Purchasing software 35 5.5 Improve delivery performance 35 5.6 Other findings from interviews 36 6 GAP analysis 36 6.1 Findings 38 6.2 Conclusions 38 7 Kraljic purchasing portfolio 39 7.1 Leverage items & suppliers 40 7.2 Non-critical items & suppliers 41 7.3 Bottleneck items & suppliers 42 7.4 Strategic items & suppliers 42 8 Implementation plan 43 8.1 General development plan 44 8.2 Category management plan 46 8.2.1 Leverage items & suppliers 47 8.2.2 Non-critical items & suppliers 49 8.2.3 Bottleneck items & suppliers 50 8.2.4 Strategic items & suppliers 51 8.3 Activation of early involvement and communication between sales, R&D and purchasing departments 52 8.4 Single source and high dependency to certain suppliers 53 8.5 Negotiations and possibilities 54 8.5.1 Know your supplier 55 8.5.2 Win-win 56 8.5.3 Purchasing power 56 8.5.4 Developing cooperation with suppliers 57 9 Key performance indicators to support development plan 59 9.1 Supplier performance 60 9.2 Purchasing process performance 60 9.3 Financial performance 61 9.4 Daily KPI’s 61 9.5 Weekly KPI’s 63 9.6 Monthly KPI’s 64 9.7 Checkpoint KPI’s 65 10 Research outcomes 65 10.1 Primary research problem and target 65 10.2 Secondary research problem and target 66 10.3 Purchase portfolio outcomes 67 10.4 Findings of KPI data collection 68 10.4.1 Purchase order figures 68 10.5 Phase two action plan suggestions 69 10.6 Recommendations of stakeholders 70 11 Conclusions, validity and reliability 72 11.1 Personal learning 72 11.2 Validity and reliability 73 11.3 Closing words 74 Appendices Appendix 1. Current state analysis (CSA) Appendix 2. GAP analysis Appendix 3. Kraljic Vendors Appendix 4: Kraljic Overview Appendix 5. Action plan Appendix 6. Kraljic Overview vol2 Appendix 7. Kraljic Vendors vol2 1 1 Introduction The importance of procurement function is continuously growing as businesses are rec- ognizing the possibilities of reaching clear competitive advantages by optimizing pro- curement and supply chain functions. Each penny saved in procurement is directly a penny added into company profit. However, the image of a saved penny is only touching the surface of positive possibilities a well-arranged procurement function can bring to a company. The importance is described in the article by Spiller (2014) “The importance of procurement agility: how to turn volatility into a competitive advantage” that companies with high-performing procurement functions consistently outperform their competitors on financial indicators. Purchasing is not anymore about only bargaining and saving a penny on each purchase. It’s more of an extensive function that directly effects production, fi- nancial indicators, adds more value to end customer and can serve as a very useful tool in creating new product or service innovations. “More efficient supply chain or supply network reduces costs, shorten lead times and reduce tied-up capital, improve quality and provide faster product or service reforms” (Logistiikan Maailma). By only focusing on bargaining, the company is missing the great range of opportunities a successful pro- curement function can create. Also the root causes a company might be facing in pro- duction or financial aspects can often be fixed by optimized procurement and planning as shown in this research. Rapala VMC Group has decided to take determined actions to improve its profitability and working capital efficiency as well as improve operational performance. Future strat- egies are built upon utilizing and capitalizing the brand portfolio, manufacturing and sourcing platforms. The execution of the group strategy is progressing on all levels of the organization. Rapala VMC Group initiated in 2019 a restructuring program, which aims at increasing efficiencies in operations to consequently decreasing operational ex- penses and reducing net working capital. Significant focus is allocated to streamline in- ternal supply chains and to develop sales and operations planning to achieve improved service levels and lower group-wide inventories. In order to develop global manufactur- ing operations, lean projects are ongoing in several factories of which one of the key projects for the Group is to execute a sustainable profitability turnaround for the Indone- sian lure manufacturing operations in Batam. (Financial Statements 2019, 4.) 2 PT Rapala VMC Batam factory manufacturing operations has been under ongoing ex- tensive lean projects since 2019. Lean thinking is based on a history of Japanese man- ufacturing techniques which aims to provide more customer value by continuous busi- ness process improvements (Kanban Zone). In phase one factory operational excellence program in 2019 the main focus was on improving delivery performance and outsourcing operations. After having successful results of phase one, the next phase was planned for 2020 which included optimization and cost reduction. It was notified that current in- ventory levels are not on acceptable levels and inventory value must be decreased in a controlled manner without creating operational risks for manufacturing process. In the process of first investigations of possible reasons for high inventory levels also the effec- tiveness of source to pay process got questioned as a possible root cause. This resulted in the demand for extensive project to thoroughly analyze current procurement pro- cesses and practices if there would be clear possibilities to improve procurement effec- tiveness which in the end would enable lower inventory levels. (Factory presentation 2020.) Thesis is based on a purchasing consultation workshop and project for PT Rapala VMC Batam factory that was commenced in January 2020. Most of the project was done on site Rapala VMC Batam factory in Indonesia but the project also includes preliminary preparations and follow up meetings after checkpoints that were defined during the pro- ject. The main checkpoint in regards to this study is in the end of June, when KPI’s are carefully investigated in order to learn about the efficiency of the project.
Load more

Recommended publications
  • 2006 Spring Bridge
    fter finishing high school in Embarrass, Minnesota, Pastor Melvin Johnson enrolled Aat Suomi College and achieved an Associate of Arts degree. “I owe Finlandia, then Suomi College, a significant measure of gratitude for jump-starting a mediocre high school academic interest into a serious pursuit of quality education,” Pastor Johnson notes. “All credits earned from Suomi College transferred when I enrolled at the University of Minnesota Duluth,” where the Pastor graduated with honors and received a Bachelor of Arts degree in English literature. Pastor Johnson’s post-graduate studies began with enrollment at Northwestern Lutheran Theological Seminary in Minneapolis, Minnesota. Upon graduation with Master of Divinity honors, his first parish was a three-point parish in northeastern Help Continue Minnesota. “A course in Finnish grammar at Suomi the dream of excellence proved to be very beneficial because pastoral Finnish ministry was essential in each congregation,” the Pastor affirms. Following calls to Gethsemane “As a pastor I want to emphasize that all Lutheran in Virginia, Minnesota, and Concordia possessions, whatever the estate value, Lutheran Church in Duluth, Pastor Johnson was are God’s gift of grace for personal well called back to Virginia as Senior Pastor where he being and service to others. Finlandia held the position for fourteen years. donors are encouraged to include in their legacy planning a gift to Finlandia Approached by the Lutheran Church in America and its endowment to further the in 1983, Pastor Johnson accepted a call to serve as mission and ministry of a dream Associate Director for Major Cash Gifts. Five years initiated over 100 years ago by later, with the formation of the Evangelical motivated immigrants.
    [Show full text]
  • Annual Report 2009 CONTENT
    Annual Report 2009 CONTENT Business Operations and Strategy • Crafted from Experience – Positioned for Further Growth …………………… 4-5 • Rapala and Year 2009 in Brief .…………………… 6-7 • Statement by President and CEO ………………… 8-9 • Strategy, Strengths and Priorities ……………… 10-11 • Group Fishing Products – Lures ……………… 12-15 • Group Fishing Products – Hooks ……………… 16-17 • Group Fishing Products – Lines ……………… 18-19 • Group Fishing Products – Accessories ……… 20-21 • Other Group Products ………………………… 22-23 • Third Party Products – Fishing ………………… 24-25 • Third Party Products – Hunting, Winter Sports and Outdoor …………………… 26-27 • World Champions ………………………………… 28 Financial Statements • Review of the Board of Directors ……………… 30-32 • Auditors’ Report …………………………………… 33 • Consolidated Financial Statements, IFRS ……… 34-67 • Key Financial Figures …………………………… 68-70 • Parent Company Financials, FAS ……………… 71-72 • Risk Management ……………………………… 73-75 • Corporate Responsibility and Sustainable Development ……………………… 76-80 • Shares and Shareholders ……………………… 81-83 • Board of Directors and Management …………… 84-85 Investor Information • Corporate Governance Statement ……………… 86-88 • Shareholder Information …………………………… 89 • Locations of Business Operations ……………… 90-91 • Examples of Rapala Product Range …………… 92-93 RAPALA ANNUAL REPORT 2009 22 Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the global market leader in fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing catego- ries and it is one of the leading distributors of outdoor, hunting and winter sport products in the Nordic countries. The Group has the largest distribution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia, Russia and China. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Storm, Blue Fox, Luhr Jensen, Wil- liamson, Marttiini and Sufix.
    [Show full text]
  • Annual Report 2010
    Annual Report 2010 Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the global market leader in fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing categories and it is one of the leading distributors of outdoor, hunting and winter sport products in the Nordic countries. The Group has the largest distribution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia, Russia, China and the UK. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Marttiini and Peltonen. The Group, with net sales of EUR 269 million in 2010, employs more than 2 000 people in 33 countries. Rapala’s share is listed and traded on the NASDAQ OMX Helsinki stock exchange since 1998. Content 4 Rapala Annual Report 2010 Business Operations and Strategy Financial Statements Investor Information • Crafted from Experience – • Review of the Board of Directors ……………… 36–38 • Corporate Governance Statement ……………… 98–100 Positioned for Further Growth …….……………… 6–9 • Auditor’s Report ……………………………………39 • Shareholder Information …………………………… 101 • Rapala and Year 2010 in Brief ………………… 10–11 • Consolidated Financial Statements, IFRS ………40–77 • Locations of Business Operations …………102–103 • Statement by President and CEO ……………… 12–13 • Key Financial Figures ………………………… 78–81 • Examples of Group Products …………………104–107 •
    [Show full text]
  • Product Information Lures for All Types of Fishing from Ultra-Light to Big Game
    Product Information Lures for All Types of Fishing from Ultra-light to Big Game. DT (Dives-to) Husky Jerk Fat Rap LC Long Casting Minnow Down Deep Husky Jerk Rattlin' Rapala Original Shad Rap Skitter Walk Countdown Shad Rap RS Skitter Pop Team Esko Jointed Shad Rap Skitter Prop Tail Dancer Super Shad Rap Magnum & Steel Magnum Jointed Mini Fat Rap Sliver Guide. Catch a fish. 2003 Freshwater Floating DT (Dives-to) Code: DT Deep Diving Main Features: • Rapala's first balsa crankbait with an internal rattle • Thin tail design • Balsa wood construction • Pulls easily through the water • Quick-dive resting position • Extra thin, curved polycarbonate lip • Perfectly balanced and long-casting • Rapala VMC black nickel pyramid point hooks Fishing Tips: • DT is designed to dive faster, to hit the strike zone sooner, and stay in the strike zone longer • DT is designed to fly like an arrow: the DT can easily be cast over 45 meters • The further the cast, the longer the bait is in the strike zone Target Predators: • Bass, zander Technical Features: Code Body Length/cm Weight/g Treble Hooks Swimming Depth/m DT-10 6 cm 17 g Two No 4 0.0-3.0 m DT-16 7 cm 22 g Two No 3 0.0-5.0 m Best Lure for Bass Guide. Catch a fish. FRESHWATER FLOATING DEEP DIVING Freshwater Floating Rapala LC Long Casting Minnow Code: LC Shallow Runner Main Features: • Super long casting lure • Balsa body with a patent pending weight transfer system • Minnow type body • Super shallow runner • Rolling swimming action • VMC pyramid point hooks Fishing Tips: • The LC Long Casting Minnow is a long distance, shallow running lure • Suitable for fishing over rock outcrops and weedbeds • A brilliant sub-surface lure Target Predators: • Seabass, bass, pike, tarpon Technical Features: Code Body Length/cm Weight/g Treble Hooks Swimming Depth/m LC-08 new 8 cm 7 g Two No 6 0.3-0.9 m LC-10 10 cm 11 g Two No 5 0.3-0.9 m LC-12 new 12 cm 19 g Two No 3 0.3-1.2 m Best Lure for Seabass Guide.
    [Show full text]
  • Rapala Annual Report 2008
    Annual Report 2008 CONTENT Business Operations and Strategy • Crafted from Experience – Positioned for Further Growth …… 4–5 • Rapala and Year 2008 in Brief ……………………………………………………… 6–7 • Statement by President and CEO …………………………………………………… 8–9 • Strategy, Strengths and Priorities ………………………………………………… 10–11 • Lure Business …………………………………………………………………………………… 12–15 • Fishing Hook Business ….……………………………………………………………… 16–17 • Fishing Line Business …………………………………………………………………… 18–19 • Fishing Accessories Business ……………………………………………………... 20–21 • Third Party Fishing Products ……………………………………………………… 22–23 • Hunting, Winter Sports and Outdoor ……………………………….…….… 24–25 • World Champions …………………………………………………………………………........ 26 Financial Statements • Review of the Board of Directors ……………………………………………….. 28–30 • Auditors’ Report …………………………………………………………………………………..... 31 • Consolidated Financial Statements, IFRS ……………………………… 32–66 • Key Financial Figures …………………………………………………………………… 67–69 • Parent Company Financials, FAS …………………………………………… 70–71 • Corporate Governance and Management ……………………………… 72–75 • Risk Management ……………………………………………………………………….…. 76–77 • Environmental Affairs ………………………………………………………………… 78–79 • Shares and Shareholders ……………………………………………………………… 80–82 Investor Information • Shareholder Information ……………………………………………………………………. 83 • Locations of Business Operations ……………………………………………… 84-85 Rapala VMC Corporation (Rapala) is a leading fishing tackle company and the global market leader in the fishing lures, treble hooks and fishing related knives and tools.
    [Show full text]
  • The Oneida Lake Bulletin
    The Oneida Lake Bulletin Spring 2020 www.oneidalakeassociation.org OLA Celebrates Our 75 Year Anniversary! by John Harmon, OLA Vice-President Our Beginning On April 25, 1946, slightly less than a to this day. However, none of the prizes the early officers of the organization year after German forces surrendered to was more symbolic than their promise to remained committed to taking action end World War II, the Post-Standard of give away “a dozen pair of nylon stock- based on facts and research. One of their Syracuse announced the very first public ings.” Initially, this prize might appear first resolutions was to “Take such steps meeting of the newly formed Oneida as a ploy to attract women members. as a survey would disclose as necessary Lake Association (hereafter OLA). The The Association, however, had an even to improve fishing, boating and bathing.” meeting was scheduled to take place in deeper message. The readers of 1946 After Onondaga County quickly endorsed Lincoln Auditorium of the old Central recognized that nylon stockings were this resolution, the OLA pressed for High School in Syracuse. The organizers indeed a rare and coveted item during the similar considerations from Madison and expected over two-thousand attendees months immediately following the war. Oswego Counties (2/19/1946). from throughout Central New York. At The organizers used this prize to plainly this meeting, Benjamin Sauer, elected announce that “the Association is able to One of the next—and most enduring— President at the foundational meeting get what it goes after.” achievements of the OLA was their suc- of December 1945, planned to outline cess “in cutting down pollution of the lake the vision of the OLA, including “Plans The Oneida Lake Association recorded and its tributary streams” (4/19/1946).
    [Show full text]
  • Attractions in Asikkala and Vääksy
    Attractions in Asikkala and Vääksy Guided tours and group trips: www.asikkala-oppaat.fi 1 Old Vääksy 5 Water Mill Museum Known for the beautiful canal area, as well as many cozy coffee shops The Vääksy Water Mill Museum preserves a centuries-long tradition, and a variety of boutiques, Old Vääksy attracts visitors even from afar. and remains a living embodiment of Asikkala’s vivid water mill The area is particularly popular in the summertime. River Vääksynjoki heritage. Museum visitors can participate in guided tours, and popular and the Norrlin park offer great opportunities to enjoy peaceful nature. sing-along events are also arranged. A guided walking tour introduces visitors to the stories and eventful history of the buildings. More information: www.asikkala.fi and by telephone +358 44 7780 680 More information and a map of the walking tour: www.vanhavaaksy.fi 6 Workshops in the canal area Vääksy Koiruuksia ceramics: 2 Vääksy Canal area Pet-themed ceramics. www.koiruuksia.fi The Vääksy Canal between lakes Vesijärvi and Päijänne, which serves Kesä Käsillä: as a gateway to the Finnish lakeland, was completed in 1871. Today, (“Summer at Hand”) Handicrafts and art. fb.com/kesakasilla the charming canal area attracts visitors to enjoy a summer day, watch the lockage of boats, explore the parks, attractions and shops, and Kanavan paja: (“Canal Blacksmith”) Forged products and art. have a delicious ice cream in the historical setting. Terveystie 5, Vääksy. www.kanavanpaja.fi 3 Päijännetalo – Päijänne House 7 Lauri Rapala’s statue Vääksy Canal Meijeritie 1, Vääksy The statue of Lauri Rapala, (1905 -1974), inventor of the world-famous Located next to the canal, Päijänne House hosts the leisure fishing Rapala lures, is on the riverfront adjacent to the museum.
    [Show full text]
  • November/December2016 Issue
    Issue 257 Nov./Dec. 2016 Deer TIPS B.A.S.S. NEWS DNR Updates Outdoor Photos Nov/Dec 2016 ~ Page 2 Advertise in the ALSO ON THE W.Va. Sportsman INTERNET Promote Your Business Statewide In Business LOWER Advertise RATES Special THAN Sales SIMILARand Events PUBLICATIONS26 YEARS Reach Thousands of Potential Customers LOW ADVERTISING RATES /1/15 Page.......$28 6 WEEK RATES 1/4 Page..........$82 1/10 Page.......$39 1/3 Page........$100 Magazine 1/6 Page.........$65 1/2 Page........$135 1/5 Page.........$72 2/3 Page........$150 Volume 1 Issue 257 COLOR FULL PAGE INSIDE....$195 Publisher and Editor EXTRA BACK PAGE................$240 Mark A. Goudy For Advertising Information In Contributing Editors RATES START AT: The Number One Outdoor West Virginia Division Of Publication In West Virginia Natural Resources $28 for 6 weeks CONTACT: W. Va. Sportsman For This Size Ad No Subscriptions Offered P.O. Box 5521 Printed Every Six Weeks. Less Than A 62 Cents Vienna, WV 26105 A Day! 304-482-7217 W.Va. Sportsman [email protected] P.O. Box 5521 Vienna, WV 26105 100% OWNED & OPERATED IN WV 304-482-7217 Email [email protected] www.wvasportsman.net Attention Bass Fishermen! All Rights Reserved Get Your Name On Our Mail-List For Bass Tournaments Cover Photo A very typical bow buck was In 2017 taken by Terry Collins in Ty- ler County. His impressive buc green scored 173. This 10 point Fill Out The Form Below featured long brow tines. To Be Placed On The Mail List Clip & Mail To: Send in your 2016/17 game and Bass Sportsman fish TEXT pics.
    [Show full text]
  • Rapala Normark Annual Report 1999
    The 1999 Rapala Normark Group Annual Report. Rapala Normark Group–Introduction As a boy growing up in central Finland before World War II, Lauri Rapala fished to put food on the family table. He would row his wooden boat as much as 30 miles a day trolling for pike, perch and trout in the lakes near his home. To help pass the time as he rowed, Lauri spent countless hours gazing into the cold, clear waters observing schools of minnows and their behavior. It was here that he noticed something that would eventually make Rapala the world’s number one name in fishing lures. That was, a struggling, slightly “There are so off-center, wounded wobble that caused one many minnow to be singled out from the group and attacked by fishermen. a hungry predator. Lauri became determined to develop a lure that And so few would mimic this wounded-minnow action. He of us.” thought a fishing lure might help him catch more fish, and in turn, earn more money. It also might eliminate the need to constantly bait lines. So, Lauri whittled, shaved and carved. After much trial and error his lure took shape. The lure was black on top, gold along its flanks and white on the bottom – just like the minnows in the local lakes. And, most important, it perfectly dupli- cated that struggling, slightly off-center, wounded wobble. Legend has it that Lauri would sometimes catch as much as 600 pounds of fish in a single day using his new lure. As word of his abundant catch- es spread, people began asking him to make lures for them.
    [Show full text]
  • To Succeed in a Constantly Changing World, You Have to Change and Adapt Too
    To succeed in a constantly changing world, you have to change and adapt too. Finland has reinvented itself in just one short century and we're still at it. For Finns, design is a way of tackling complex problems, implementing technological innovations, developing services and creating new business Rovaniemi opportunities. Design is a key, strategic element in the success of Finnish companies. Oulu SOME FACTS Republic 1917 EU member 1995 Tampere 338,424 sq km 71.6% forest / 10% water 187,888 lakes Capital: Population 5.5 million Turku Helsinki 18 inhabitants/sq km INNOVATIVE DESIGN FINLAND To succeed in a constantly changing world, you have to change and adapt too. Finland has reinvented itself in just Finland - first in innovation one short century and we're still at it. For Finns, design is a way of tackling complex problems, implementing technological innovations, Finland is among the world's top 10 countries in terms of Rovaniemi developing services and creating new business patented inventions per capita. Finns have always been opportunities. Design is a key, strategic quick to embrace new technology and develop it Oulu element in the success of Finnish companies. ourselves. World-class education is available to everyone whilst public libraries and cultural institutions offer 1,157 km information and inspiration for everyone. Social innovations like the maternity package and free SOME FACTS school lunch are equally as important. Republic 1917 EU member 1995 Tampere 338,424 sq km 71.6% forest / 10% water 187,888 lakes Capital: Population 5.5 million Turku Helsinki 18 inhabitants/sq km Parliament High literacy of children The unicameral parliament with 200 members rated among the best in the world in reading, maths elected for a four year term is the supreme and science skills league tables and rankings.
    [Show full text]
  • The American Legion Magazine [Volume 107, No. 2 (August 1979)]
    THEAMERICAN LEGION and SUDDEN DEATH of the SHINANO IMPRESSIVE ANYWHERE/ • TALON® zipper SUCCESS • BAN-ROL® waistband • HOOKFLEX top closure SLACKS • NO-HOLE deep poclcets for the 1979-1980 Executive Season • Figure line Proportion Tailoring Full Season Price: 2 Pairs AND Of Course PREVIEW 100% NOW $2 OFF! NO-IRON SALE: PERMANENT PAIRS PRESS for Wash 'n Wear Special Preview Price only 'till Oct. 31, 1979. Slacks will be 2 pairs tor $19.95 thereafter. OFF^ No exceptions will be made. It's True ! The price of good business slacks is going up just like everything else. But here's one time when you can do something about it! Haband, the mail order people from Paterson, N.J,, started early this year. Got an early jump on the market and kept the factories going all Summer long. Now, while this early hedge is still in stock, we are anxious to meet new customers and show you our excellent quality. These executive NO IRON 100% Polyester DoubleKnits will probably be $10 to $14 or more per pair right now in any haberdashery. But ACT AT ONCE, and you can take your choice of these top fashion colors for immediate delivery at only TWO pairs for $17.95 ! BROWN D' -m THE SAME Haband's NO-IRON 100% Polyester DoubleKnit pairs SUCCESS O for only SLACKS * .„„ HABAND COMPANY for 26.75 265 North Sth Street WE CARRY ALL THESE SIZES: Waists 29-30-3 1-3 Paterson, N.J. 07530 2-33-34-35-36-37-38-3940- 41-4243-4446*48'-50*-52* and 54* (*46 thru 54, please add $1 per pair.) Gentlemen: Please send me ..
    [Show full text]
  • James Lindner
    MARCH 2011 Promoting conservation, sportsmanship and education in respect to walleye fishing. FM Walleyes Unlimited, Inc is proud to present: JAMES LINDNER Lindner Media Productions • Executive Director • Lindner’s Angling Edge Co-Host Growing up in the world of sports fishing, James Lindner has filmed and fished from the Arctic Circle tundra to South American jungles and from the Atlantic to the Pacific coasts and every state in between. As a multi- species fishermen, James has few equals and his prowess with muskies is legendary. Recognized as one of the best directors and producers in the outdoor industry, James is the son and nephew— respectively of Ron and Al Lindner. James lives, eats, and sleeps fishing, leaving little time for non fishing related activities. In 2008, James was inducted into the Freshwater Fishing Hall of Fame as a Legendary Commincator for his outstanding acheivement in the realm of sportfishing. In 2003, he was also honored as the Rapala Angler of the Year in appreciation of his professional manner, motivated by passion of fishing, to promote and expose other to the world of Rapala and recognising his examples and limitless efforts that Lauri Rapala’s legacy continues and for making others aware of the joy fishing brings. Today, James is at the helm of Lindner Media Productions, which specializes in producing educational fishing programs, educational DVDs, national TV commercials, product sales presentations, point of purchase product DVDs shown internationally in sporting goods stores, as well as providing their trademark underwater footage and photography to the sport fishing industry. Al, Ron, James, Daniel and Bill Lindner are the creative CALENDAR forces behind Lindner Media and their wide variety of award- winning productions, and have a long and storied history in the fishing business.
    [Show full text]