Supply Chain by the Numbers: July 31, 2007

Supply Chain by the Numbers

-July 31, 2007

The Numbers Worth Knowing this Week in Supply Chain and Logistics

This Week: Japan's Shrinking Workforce; Demand for Oil Signals Higher Prices; Handheld RFID Reader Leaves Bar Code Scanner in the Dust; Lucrative Compensation for Procurement and Supply Management Officers



20%
The percent by which Japan’s workforce is expected to shrink over the next decade, according to The Economist Magazine.

1.9 million

The number of barrels of oil per day global demand in Q4 2007 is expected to increase over Q4 2006 levels, according to the US Energy Information Administration forecasts. This is a strong increase, and signals still higher prices.


5
The number of seconds it takes to take inventory of a full circular rack of garments using tagged goods and a handheld RFID reader at the Alien RFID Solutions center in Miamisburg, OH, versus several minutes using a bar code scanner.




$247,685
The average current salaries of Chief Procurement/Supply Management Officers at U.S. companies, according to the annual survey by the Institute for Supply Management.