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2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

As Alan Amling at the University of Tennessee put it, “2024 is riddled with uncertainty.” Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent.

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Modernizing MRO using AI with Paul Noble

The Logistics of Logistics

Noble graduated cum laude with a bachelor’s degree in management and marketing from Lincoln Memorial University in Harrogate, Tennessee. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions. Industrial Distribution business unit.

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Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

Financial reengineering focuses on the optimization of short-term results that are usually based on a functional analysis of source, make, or deliver. Few consultants understand the interrelationships between source, make and deliver. The cash-to-cash definition is: Cash-to-cash= Days of Receivables+ Days of Inventory-Days of Payables.

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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. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

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SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

When it is not in motion, it is classified as inventory. But this took time – we had to “defrag” our supply chain, and eventually I learned we had 59 days of inventory. A simple chart was used to depict inventory, with the size of the indicative of the amount of cash tied up in that inventory. Likely, yes.

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Blockchain, Beer Game, and the Bullwhip Effect

Enterra Insights

Three professors from the University of Tennessee, Ted Stank, Tom Goldsby ( @ThomasGoldsby ), and Lance Saunders, warned back in June 2021 that the bullwhip effect was already in play. ” They agree with the professors from the University of Tennessee that part of the solution is to counter the bullwhip effect. ”[4].

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Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

Clearly, redundancy (extra inventory, more suppliers, etc.) Christopher Craighead, Professor of Supply Chain Management, University of Tennessee The easiest and, in many cases, the most cost effective mitigation technique is analyzing partner (e.g., can help, but it is costly. supplier, carrier) performance. Transparency!