- Matsushita Electric Industrial Co. will use 45 billion $428.6 million during the next three years to set up supply-chain management systems, mainly in Asia, where its manufacturing bases are centered. The Japanese maker of Panasonic-brand consumer electronics plans to create computer systems to help optimize local manufacturing and other operations. The systems will help track order flow, procurement, production, inventory, distribution and sales. To improve group wide efficiency, Matsushita said it would invest about 120 billion $1.1 billion to upgrade its information systems over three fiscal years, starting this month. The company spent 115.3 billion $1.1 billion during the previous three years.
- Toshiba Corp. plans...