ERP creator joins Rootstock Software
The creator of the Enterprise Resource Planning (ERP) concept used in businesses across the globe has joined the Advisory Committee of Rootstock Software, a leader in cloud manufacturing and supply chain applications.
California-based Rootstock has announced that T. Lee Wylie, currently an Executive in Residence at industry technology investors Maker Capital, will bring his 35 years of leadership in information technology and manufacturing with General Motors, IBM and Gartner Group to the Rootstock Advisory Committee.
Rootstock Chief Executive Officer and founder Pat Garrehy said: “We are honored that Lee Wylie is joining our Advisory Committee.
“Our customers are extremely fortunate to have one of manufacturing’s leading business systems experts being their ombudsman.”
As a Director of information technology research and advisory company Gartner Group, Wylie created the concept of ERP.
ERP is a business management software system that uses an integrated suite of software modules, giving a company a real-time view of processes such as order processing, production and inventory management. A common database allows bosses to have clear view of all facets of an operation and facilitates information flow between all functions inside an organisation, and manages connections to outside stakeholders.
The software and evolved versions of it has been widely used in businesses since the early 1990s.
Wylie said: ““I have a lot of confidence in the Rootstock software and their approach to the manufacturing industry.
“A quick review of this software makes it evident that the developers have many years of experience creating in-depth ERP packages for the manufacturing sector. As importantly, Rootstock approaches this market with the perfect balance needed to be successful with manufacturers. They shun the glitz so common with ERP providers, replacing it with a problem-solving attitude that makes manufacturers comfortable.
“I have spoken to their customers and the CIO’s have been very impressed with the company and its processes.”
He added: “Today, the only way the smaller manufacturing business can afford a world class ERP implementation is with the Cloud.
“As Salesforce.com moves more and more into the major corporations, Rootstock will be providing the ERP solution for their customers, especially in their manufacturing facilities.”
EU and US agree end to Airbus-Boeing supply chain tariffs
The EU and US have agreed to resolve a 17-year dispute over aircraft subsidies, suspending tariffs on billions of dollars' worth of goods that have plagued procurement leaders on both sides of the Atlantic.
Under an agreement reached by European Commission Executive Vice-President Valdis Dombrovskis and US Trade Representative Katherine Tai on Tuesday, the tariffs will be halted for a period of at least five years.
It will bring an end to punitive and disruptive levies on supply chains that have little to do with the argument, which became embroiled in the trade battle. Businesses on both sides of the dispute have been hit with more than $3.3bn in duties since they were first imposed by the US in October 2019, according the EC.
The US imposed charges on goods upto $7.5bn in response to a World Trade Organisation ruling that judged the EU’s support of Airbus, its biggest aircraft manufacturer, unlawful. A year later in November 2020, the EU hit back. The WTO found the US had violated trade rules in its favourable treatment of Boeing, and was hit with EU duties worth $4bn.
In all the tariffs affected $11.5bn worth of goods, including French cheese, Scotch whisky, aircraft and machinery in Europe, and sugarcane products, handbags and tobacco in America. Procurement leaders on both sides of the fence were forced to wrestle with tariffs of 15% on aircraft and components, and 25% on non-aircraft related products.
Boeing-Airbus dispute by the numbers
- The dispute began in 2004
- Tariffs suspended for 5 years
- $11.5bn worth of goods affected by tariffs
- $3.3bn in duties paid by businesses to date
- 15% levy on aircraft and 25% on non-aircraft goods suspended
Both sides welcome end to tariffs
European Commission President Ursula von der Leyen branded the truce a “major step” in ending what is the longest running dispute in WTO history. It began in 2004.
“I am happy to see that after intensive work between the European Commission and the US administration, our transatlantic partnership is on its way to reaching cruising speed. This shows the new spirit of cooperation between the EU and the US and that we can solve the other issues to our mutual benefit,” she added.
Both aircraft manufacturers have welcomed the news. Airbus said in a statement that it will hopefully bring to an end the “lose-lose tariffs” that are affecting industries already facing “many challenges”. Boeing added that it will “fully support the U.S. Government’s efforts to ensure that the principles in this understanding are respected”.
The US aerospace firm added: "The understanding reached today commits the EU to addressing launch aid, and leaves in place the necessary rules to ensure that the EU and United States live up to that commitment, without requiring further WTO action."
This week’s decision expands upon a short-term tariff truce announced in March this year. The EC says it will work closely with the US to try and further resolve the dispute, establishing a Working Group on Large Civil Aircraft led by each side’s trade minister.
Airbus last month signalled to suppliers that post-pandemic recovery was on the horizon, telling them to scale up to meet a return to pre-COVID manufacturing levels. “The aviation sector is beginning to recover from the COVID-19 crisis,” said Airbus chief executive Guillaume Faury, adding that suppliers should prepare for a period of intensive production “when market conditions call for it.”