Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

A fairer rate for the food on your plate

03.11.2008
Rising food prices means research is needed on how those in the supply chain can be paid fairly.

Dr Lisa Jack, from the Essex Business School, is looking at whether participants in the food supply chain, from farmers to retailers, could adopt target cost management (TCM).

Dr Jack explains: ‘TCM has potentially an important role to play in negotiating fair terms in any collaborative relationships between links in supply chains. It facilitates sharing and learning so as to enhance the reputations and bottom lines of all businesses involved’

‘Users establish what the market will pay, then factors in the realistic return they need in the long-term to arrive at a target cost. Then they examine their processes to see if that target is achievable. This may lead to operations being re-designed or to prices being re-assessed’

Although farmers could be against using TCM because of its perceived office-based nature, Dr Jack believes that, in reality, the nature of crop and livestock lifecycles mean there are fewer and more significant opportunities to intervene. This is in contrast to the continuing tinkering which might be experienced if using TCM in a factory environment.

Dr Jack added: ‘TCM is more of a broad management philosophy and is a market-drive approach, not just an accounting technique. It is a way of thinking strategically and to gain competitive advantage.’

Dr Jack intends to hold focus groups to stimulate consideration of TCM within the food supply industry. These will be held in late 2008/early 2009 in the UK and by video conference with overseas participants. Farmers and other producers, distributors, agricultural extensionists and retailers who wish to participate are invited to register their interest with the Chartered Institute of Management Accounting on e-mail: research@cimaglobal.com

Victoria Bartholomew | alfa
Further information:
http://www.essex.ac.uk

Further reports about: Food TCM food prices food supply chain supply chain target cost management

More articles from Agricultural and Forestry Science:

nachricht New data unearths pesticide peril in beehives
21.04.2017 | Cornell University

nachricht New rice fights off drought
04.04.2017 | RIKEN

All articles from Agricultural and Forestry Science >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Making lightweight construction suitable for series production

More and more automobile companies are focusing on body parts made of carbon fiber reinforced plastics (CFRP). However, manufacturing and repair costs must be further reduced in order to make CFRP more economical in use. Together with the Volkswagen AG and five other partners in the project HolQueSt 3D, the Laser Zentrum Hannover e.V. (LZH) has developed laser processes for the automatic trimming, drilling and repair of three-dimensional components.

Automated manufacturing processes are the basis for ultimately establishing the series production of CFRP components. In the project HolQueSt 3D, the LZH has...

Im Focus: Wonder material? Novel nanotube structure strengthens thin films for flexible electronics

Reflecting the structure of composites found in nature and the ancient world, researchers at the University of Illinois at Urbana-Champaign have synthesized thin carbon nanotube (CNT) textiles that exhibit both high electrical conductivity and a level of toughness that is about fifty times higher than copper films, currently used in electronics.

"The structural robustness of thin metal films has significant importance for the reliable operation of smart skin and flexible electronics including...

Im Focus: Deep inside Galaxy M87

The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.

Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...

Im Focus: A Quantum Low Pass for Photons

Physicists in Garching observe novel quantum effect that limits the number of emitted photons.

The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...

Im Focus: Microprocessors based on a layer of just three atoms

Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.

Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Expert meeting “Health Business Connect” will connect international medical technology companies

20.04.2017 | Event News

Wenn der Computer das Gehirn austrickst

18.04.2017 | Event News

7th International Conference on Crystalline Silicon Photovoltaics in Freiburg on April 3-5, 2017

03.04.2017 | Event News

 
Latest News

DGIST develops 20 times faster biosensor

24.04.2017 | Physics and Astronomy

Nanoimprinted hyperlens array: Paving the way for practical super-resolution imaging

24.04.2017 | Materials Sciences

Atomic-level motion may drive bacteria's ability to evade immune system defenses

24.04.2017 | Life Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>