Remove Inventory Remove Manufacturing Remove Procurement Remove Tennessee

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

Only 29% of manufacturers easily manage total cost trade-offs. Total cost analysis is more difficult than it sounds and most technology implementations automated functional measurement systems (manufacturing or procurement), but leave the organization blind on the management of total costs.

Supply chain risks: The knowable unknowns that can hurt your supply chain!

Kinaxis

An extreme example of this is a ride from Chicago to Colesburg, Tennessee taking 18 days, 13 hours, and 57 minutes! This has led to increased costs, not to mention all the inventory stuck in-transit. For example, let’s say you modeled the lead time from “supplier A” to your manufacturing facility as 7 days. Often times, someone in the procurement organization is aware of change in lead times through supplier monitoring/scorecarding, supply chain risk management and such.

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Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

Christopher Tang, Distinguished Professor, UCLA Anderson School and Editor-in-Chief of the INFORMS journal Manufacturing and Service Operations Management (M&SOM) As supply chains become more complex, companies find their supply chains more vulnerable to both foreseeable uncertainty risks and unforeseeable disruption risks. Clearly, redundancy (extra inventory, more suppliers, etc.) Developing supply chain risk mitigation strategy can be a time consuming task.

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4 Reasons for the Supply Chain Talent Shortage

Elementum

He, like a number of supply chain professionals, laments the fact that the term “supply chain” doesn’t do a great job of suggesting the complex work involved in running the manufacturing, movement, and storage of a product. A recent study by the University of Tennessee, Knoxville, revealed that 90 percent of CEOs believe they should be doing more to attract supply chain talent. Inventory was cheap—it wasn’t a consideration,” says Sheffi.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Paul Dittmann , Executive Director of the Global Supply Chain Institute at the University of Tennessee Improving operational efficiency in the global supply chain is a complex undertaking, and requires a documented, multi-year strategy instead of knee jerk reactions, and programs of the month.

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4 Reasons for the Supply Chain Talent Shortage

Elementum

He, like a number of supply chain professionals I spoke to over the past month, was lamenting the fact that the term “supply chain” doesn’t do a great job of suggesting the complex work involved in running the manufacturing, movement, and storage of a product. A recent study by the University of Tennessee, Knoxville, revealed through surveys of companies that 90 percent of CEOs believe they should be doing more to attract supply chain talent.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In addition to cutting the need for outsourced manufacturing, this move could give the company a leg up on the competition by making it possible to get products in the hands of consumers faster. In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Additionally, the company’s manufacturing expertise will enable the reduction of production costs.

25 supply chain experts reveal the best tactics to optimize a supply chain

6 River Systems

I am buying a sheep and goat farm alongside a larger space for a garment factory so that I can control where the cashmere and wool is coming from, how it is processed and how it is manufactured before it is sent to my customers. It is absolutely imperative to be in a position to do as much quality control as possible in house, so that all that is required thereafter is shipping from the manufacturer straight to the customer.