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The book-to-bill (B-to-B) ratio is the demand-to-supply ratio for orders on a firm's "book" to number of orders processed and billed. A simpler explanation is orders/orders filled (or billed).
If you just ordered a sweater from your favorite
online store, your purchase gets tacked onto the "book" side of the book-to-bill ratio. If you have the bill in your hands,
then your transaction is now added the second "b" of the ratio.
If the company has more orders than it can deliver,
the B-to-B ratio is greater than one. The higher this number is, the higher the backlog of orders that need to be filled/delivered.
If everything is just right and supply is keeping pace equal to demand, the ratio is equal to one. And if it¿s less than one, then the company is hoping orders get a kickstart in order to get some of the dusty inventory off the shelves.
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Saturday, May 17, 2008
CAW members ratify new three year agreement with General Motors
Comtex
TORONTO, May 17, 2008 /PRNewswire via COMTEX/ ----CAW members working at General Motors locations across Ontario have ratified a new collective agreement by 84 per cent following a series of meetings held May 16 and May 17. This agreement covers approximately 13,000 CAW members at General Motors.
The agreement closely follows a pattern established at Ford two weeks earlier and includes product commitments by General Motors to both the Oshawa Car and Truck plant and the St. Catharines facilities.
"We entered this round of bargaining knowing the unprecedented economic and political challenges facing auto workers in Canada," said CAW President Buzz Hargrove. "Despite the odds being stacked against us we were committed to reaching an agreement that would protect the important gains our union has made over the years. I'm pleased to say that we did that."
The new three-year agreement resists two-tier wages and provides productivity and quality bonuses, improved restructuring incentives, benefit improvements, COLA increases in both second and third years and improved language on health and safety issues among other gains.
"I commend the work of our Master Bargaining Committee members who did a tremendous job negotiating a strong settlement in the face of incredible adversity," said Chris Buckley, CAW/GM master bargaining committee chairperson and president of CAW Local 222.
The union also negotiated an historic close-out agreement for Local 1973 members at GM's Windsor Transmission plant. During bargaining the company announced that the plant will close in 2010, eliminating approximately 1,400 jobs.
The union reached early agreements with both General Motors and Chrysler Thursday morning, more than four months before the contract expiration.
The results by location are as follows: CAW Local 1973, Windsor Production: 98% in favour Skilled Trades: 94 % in favour Combined total: 97% in favour CAW Local 199, St. Catharines Production: 86% in favour Skilled Trades: 89% in favour Combined total: 86% in favour CAW Local 222, Oshawa Production: 84% in favour Skilled Trades: 69% in favour Combined total: 80% in favour CAW Local 636, Woodstock Production: 73% in favour Skilled Trades: 83% in favour Combined total: 73% in favour Combined Production: 87% Combined Skilled Trades: 78%
SOURCE Canadian Auto Workers
Copyright (C) 2008 PR Newswire. All rights reserved
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