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"Monetary Science, Fiscal Alchemy"

'Fiscal Science' Touted To Strengthen Policy -- Better tax and spending decisions may be possible if governments set clear fiscal goals, such as a debt target, and tell citizens how they plan to achieve them, a new economics paper suggested. Fiscal policy could benefit from the more scientific approach taken by monetary policy over the past two decades, especially as governments around the world contend with high debt levels, the paper said.

Procurement officer turned comedian on procurement.

Wanda Sykes on government contracting -- What exactly is a government procurement specialist? Comedian Wanda Sykes provided a good answer on Wednesday night during an interview on "Larry King Live." Sykes, a Washington-area native, worked for the National Security Agency as a procurement specialist (making her a member of Top Secret America) before her comedy and acting career.

South Africa seeks competitive automotive supply chain.

South Africa: Creating a Competitive Automotive Supply Chain -- THE Automotive Production and Development Programme encourages car makers to increase their use of local parts and accessories in vehicle production, but original equipment manufacturers have questioned the competitiveness of the local supply industry. "We spend about R4,4bn on car parts a year, with 25% of that sourced locally and the rest imported from countries such as Brazil, Thailand and China," says Evan Dold, purchasing and supply chain director at General Motors SA (GMSA). "For us to source more local parts, suppliers need to become more cost-competitive."

Nestle embraces CSR.

Nestle to Spend $487M on Sustainable Coffee Supply Chain -- Nestle will invest CHF 500 million (approximately $487 million) to address responsible farming, sourcing and consumption across its coffee supply chain. Nestle purchases around 780,000 tons of green coffee a year or 10 percent of the world's supply. Nestle's Nescafé Plan is a global initiative that builds on the CHF 200 million (approximately $195 million) the company has already invested in the coffee industry over the past 10 years.

Sheena Moore

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