Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The concept of the Effective Frontier is that best in class companies align functional metrics to balance growth, cost, inventory and Return on Invested Capital (ROIC) performance while balancing customer service metrics. Recently, I presented at the University of Tennessee Supply Chain Forum.

Operational Excellence: Streamlining the Warehouse Layout Process

Talking Logistics

Understand how the inventory moves. The first step in the process is to dig into the data on your current operations to determine the “behavior” of your inventory. This includes characteristics like: The volume of inventory on pallets vs. cartons. Can inventory be racked?

What is Supply Chain Compliance and Why is it Important?

AB&R

Tennessee. Asset Management Blog Inventory Management Managed Services Manufacturing RFID Transportation & Logistics asset management barcode verification compliance labeling GS1 harsh environment labeling UDI

Supply Chain Shaman - Untitled Article

Supply Chain Shaman

Recently, I spoke on the future of supply chain management at the University of Tennessee Supply Chain Forum. For him this meant growing top-line revenue with less supply chain inventory. Demand planning was implemented in six months while tactical supply and inventory planning took twelve months. The business grew with the same levels of inventory, and improved service levels Today, service levels (case fill rates) are 2% above target.

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.

Collaboration Key in Creating Competitive Advantages Through Supply Chains

Supply Chain Network

BOSTON, MA, October, 27, 2017 – Research recently published by the University of Tennessee, Knoxville’s Global Supply Chain Institute , and sponsored by Maine Pointe , identifies collaboration as one of six key elements of creating competitive advantages through supply chains.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on.

Becoming a High Performing Sense and Respond Enterprise: End-to-End Supply Chain Visibility is Key

Talking Logistics

Typically companies operated in silos, but according to a recent Global Supply Chain Institute at the University of Tennessee survey, while some lines between business functions have blurred, silos still exist, especially between purchasing and logistics.

Gifts, Donations, and Operations Management

APICS

Like most businesses, food banks across the nation are realizing success from inventory management best practices, especially as they manage the increase in donations received from November through December. The Wall Street Journal reports how Second Harvest Food Bank of Middle Tennessee uses software to handle its supplies It’s the season of gift giving and charity.

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

Cerasis

Obsolete and excess inventory carriage are more preventable. Ford returned another 1,800 jobs to Tennessee to make Cadillac SRXs and build engines. This is the first post in a two part series on our update on Reshoring.

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., Developing supply chain risk mitigation strategy can be a time consuming task. To tackle risks timely, we invite experts to explain what strategy really works.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

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.

Global 280

26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

Rupy Sawhney is the Heath Fellow in Business and Engineering at the University of Tennessee, combining both fields through his knowledge of lean manufacturing, the optimization of production without a drop off in quality or worker health.

7 Pitfalls of Amazon FBA (Fulfillment By Amazon)!

Supply Chain Game Changer

While FBA sellers weren’t held directly liable for this failure, thousands of FBA sellers were severely impacted when Amazon enforced last minute changes to their inventory storage policy just before the holidays. Amazon FBA Inventory Woes. Amazon FBA Inventory Swap.

Supply chain risks in the spotlight: Effects of Hanjin Shipping filing bankruptcy protection

Kinaxis

There is a constant push to free up working capital by leaning down on the inventories. However, a 2014 report by University of Tennessee on managing risk in global supply chains points out that 90% of the firms surveyed do not quantify risk when outsourcing production!

Three Common Supply Chain Weaknesses And Strategies To Overcome Them

Bristlecone

In today’s global economy, supply chains include all the people, systems, vendors, suppliers and processes involved in designing, making, selling, inventorying, shipping and delivering a product. Forbes, April 8, 2019. On their face, supply chains sound straightforward.

4 Reasons for the Supply Chain Talent Shortage

Elementum

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.

Disruptive Times Require Adaptive Supply Chains

Enterra Insights

The staff notes, “As a result of the expansion of its direct-to-consumer business, Nike is moving away from aggregating inventory in one central warehouse in Memphis, Tennessee, to putting product in facilities closer to the customer.” Few if any economic sectors have avoided digital disruption. New business models are constantly challenging more traditional ones and supply chains need to adapt to these changing conditions.

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

UPS, meanwhile, announced that it has developed “a healthcare-compliant network of Field Stocking Locations (FSLs) to reduce delivery time of medical device shipments and enhance inventory visibility.”

Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

of Marketing & SCM, University of Tennessee, Knoxville Because the domestic motor carrier industry has few barriers to entry, capacity before the Great Recession generally exceeded demand with few exceptions. Ultimately this will protect them against stock outs, allow them to reduce their inventory, improve their ROIC, lower shipping costs, and streamline their transition to e-commerce.

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Your Next Pair of Gap Jeans May be Delivered with the Help of a High-Tech Robot

Supply Chain Nation

percent) as a trial customer in one of its Tennessee warehouses. percent) using robots to move warehouse inventory and track items on store shelves. toymaker, which was selling about 9 percent of its total inventory through Toys “R” Us stores, said third-quarter profit rose 3 percent and revenue 7 percent – above analysts’ estimates – even as the bankruptcy began to hurt operations.

4 Reasons for the Supply Chain Talent Shortage

Elementum

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. Inventory was cheap—it wasn’t a consideration,” said Sheffi.

Insights from Kenco Customer Summit 2015

Talking Logistics

Kristi then discussed several emerging trends, including drones, 3D printing, augmented reality, and AGVs — all of which Kenco Innovation Labs is exploring in its dedicated simulation warehouse in Tennessee.

The Impact New Technologies Have on the Supply Chain

Supply Chain Nation

I’d like to bring your attention to the new whitepaper, “ New Supply Chain Technology Best Practices: The Application of New Technology in the Physical Supply Chain ,” released by the University of Tennessee, Knoxville.

DC 65

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

6 River Systems

He loves University of Tennessee football and thinks his black lab Reagan is the best dog. “There are two tactics for optimizing your supply chain…” Supply chain is about having the right amount of inventory.

10 Key Takeaways From MHI’s Annual Report

Lucas

Bradley of University of Tennessee says, “There is no one solution that is likely going to create a major competitive advantage. At last month’s Modex Show, MHI and Deloitte released their 2018 Annual Industry Report ( download here ).

Glen Raven Meets Their Goals Through a Successful Deployment of Advanced Planning

Supply Chain Shaman

Recently, I spoke on the future of supply chain management at the University of Tennessee Supply Chain Forum. For him, this meant growing top-line revenue with less supply chain inventory. The business grew with the same levels of inventory, and improved service levels.