mham001 From United States of America, joined Feb 2005, 3940 posts, RR: 3 Posted (2 years 9 months 3 weeks 4 days 7 hours ago) and read 1720 times:
Police in Australia say that hundreds of motors and transmissions have been systematically looted by employees and sold on the black market. The drivetrains were shipped to Holden and meant to power the VE Commodore (G8 in the US). The most interesting part of this story is that Holden had no idea this was happening until police arrived because they have no parts tracking system within. They don't even know what they have where. Holden management needs to be fired.
vikkyvik From United States of America, joined Jul 2003, 10894 posts, RR: 26
Reply 1, posted (2 years 9 months 3 weeks 4 days 7 hours ago) and read 1703 times:
Apparently there was "no effective tracking system" of engines and transmissions at the plant and therefore very little way to check where incoming inventory ended up. Parts were checked in, but there was apparently no way to know what happened to them after that.
That is absolutely unbelievable.
I'm watching Jeopardy. The category is worst Madonna songs. "This one from 1987 is terrible".
Quokkas From , joined Dec 1969, posts, RR:
Reply 2, posted (2 years 9 months 3 weeks 3 days 18 hours ago) and read 1509 times:
Everybody's hand is in somebody else's pocket it seems.
Holden have secured a very generous hand-out from the tax payer . Described by the Prime Minister as a "strategic investment", the AUD 275 million subsidy is part of a package designed to keep GM (the owners of Holden) producing components in Australia. Well, it might and it might not. But at least it will cover the cost of the missing parts.
fridgmus From United States of America, joined Oct 2006, 1442 posts, RR: 11
Reply 3, posted (2 years 9 months 3 weeks 2 days 3 hours ago) and read 1353 times:
Are you kidding me? In this day and age? You can bet that GM is going to kick some serious ass at Holden! There is just no excuse for this kind of thievery. Management? What management?
How can any company of that size not have inventory controls? It's one of the most important tools a company can have to track and control costs. Whether you have one employee or 10,000, you MUST keep track of your inventory, too much and you're losing money, not enough and you fall behind. Simple really.
And the police had to find out before them. Unbelievable.