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Newsletter Listing intro for week 23

In a week when the nation remembered the Coronation of sixty years ago, there was royal recognition for the contribution that Yamazaki Mazak has made to the UK’s economy over successive decades with a visit by HRH the Prince of Wales to their facility at Worcester.

News from the MTA about some events coming up in the next few weeks; the next Members Quarterly Meeting, a ‘meet the buyer’ event at JCB and a Golf Day. Thirty members are already signed up to attend the MQM, which will follow the pattern set in March with great speakers and lots of opportunities to interact – the topic this time is “Managing Large Contracts”. The JCB event promises to be a good opportunity to get to know what they’re looking for in their supply chain and is on 16th July. Finally, if Golf is your sport, then take part in the MTA’s Inter-Association Golf Day on the 17th July at the Leicestershire Golf Club. Full details of all the events are below.

The weather has turned, has the economy? This week saw some long hoped for good news on the macroeconomic front with the UK’s PMI data moving back into positive territory. You can contribute directly to the MTA’s own Business Survey, which is invaluable in terms of getting a quick picture of what is going on now in our sector, via this link  http://www.mta.org.uk/mta-business-survey-may13 .

Being stuck on the train or at a station is one of the most frustrating things that can happen to business travellers. We’ve news of a £1m competition to identify engineering technologies and business processes that could help make a difference to the way the rail industry works. So if you’ve got a great idea that’s been sitting in your head for years, or if you’d like to break into an industry with a lot of investment in the pipeline, this could be a real opportunity.

Have a good weekend.
 

Access OEM

Access OEM

The MTA has teamed up with Findlay Media to put on a series of joint events to meet Original Equipment Manufacturers. Known as Access OEM events the first will take place at JCB’s Rocester, Staffordshire headquarters on 16 July 2013. MTA members will be entitled to a discount on attendance at the event.

Inter-Association Golf Day

Inter-Association Golf Day

The annual Inter-Association Golf Day will be held on 17 July at the Leicestershire Golf Club. Two trophies are at stake so the MTA is looking for a good turn out from members. The day will start with tea/coffee and bacon sandwiches, with the first ‘T’ at 0930. The event will finish with a three course evening meal and prize giving.

£1 million rail competition

£1 million rail competition

A £1 million competition is now open to find solutions that can transform rail customer’s experience. The GB rail industry is seeking innovative solutions which will lead to a transformation of the rail customer’s experience, both passengers and freight customers.

The Enabling Innovation Team (EIT) is running a £1 million prize-bearing competition for those innovative ideas with the most significant impact for customers.

ECONOMIC DATA THIS WEEK

ECONOMIC DATA THIS WEEK

PMI, UK and Euro-zone, May 2013:  The Purchasing Managers Index (PMI) for the UK was 51.3 in May, up from a revised figure of 50.2 for April;  the revision is interesting because although it is relatively small, it took the index from below the key level of 50 (at 49.8) to a point just above the border between growth and contraction.

Managing Large Contracts

Managing Large Contracts

The next Members’ Quarterly Meeting (MQM) on 19 June “Managing Large Contracts” is designed to address key issues faced by our members. Increasingly, working with Original Equipment Manufacturers (OEM’s) is preceded by difficult negotiations around issues such as onerous Non-Disclosure Agreements. How to deal with these NDAs and the pitfalls to avoid will be discussed.

Best practice in currency management will also be presented as taking on potentially large contracts needs careful consideration by SME’s given the volatility of exchange rates.

Prince of Wales visits Yamazaki Mazak

Prince of Wales visits Yamazaki Mazak

His Royal Highness, The Prince of Wales, visited Yamazaki Mazak’s European headquarters, Worcester, on Thursday 6th June 2013. The visit was His Royal Highness’ first to the company’s Worcester facility with the main purpose being to learn more about Mazak’s approach to manufacturing and the company’s commitment to developing young engineers.