The 3PL Industry is Suffering from Gresham’s Law

Talking Logistics

Earlier this year in Procuring Logistics Services is Not the Same as Buying Paper Clips , I wrote about an issue that continues to negatively affect 3PL-customer relationships: Procurement organizations looking to shift more and more risk on third-party logistics providers — while, of course, also demanding lower costs. Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it.”.

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All-in-one Supply Chain Software for ASCs

Hybrent

The company is based in Atlanta, and its holding company, Extremity Healthcare, operates 35 podiatry clinics, and owns or manages seven surgery centers across Georgia and Tennessee. Blog Articles Ambulatory Surgery Center e-Procurement Multi-facility Podiatry Value-based Care

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Successful Product Innovation Requires Supply Chain Insight

Material Handling and Logistics

A new study from the University of Tennessee, Knoxville’s Global Supply Chain Institute suggests some of the fault resides in the tendency of organizations to omit supply chain considerations when assessing a new product’s business case. “A Note: This article originally appeared on the University of Tennessee Knoxville website.

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

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! Often times, someone in the procurement organization is aware of change in lead times through supplier monitoring/scorecarding, supply chain risk management and such.

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. Research confirms cross-functional collaboration and supply chain integration are challenging business goals that many companies deprioritize because the value is difficult to define.

Unpacking Sourcing Business Models: 21st Century Solutions for Sourcing Services

Supply Chain 24/7

This white paper is a collaborative effort among the University of Tennessee, the Sourcing Industry Group, the Center for Outsourcing Research and Education, the International Association for Contracts and Commercial Management, and was the inspiration for the 2015 book, Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models in Modern Procurement

Collaboration in supply chain management is key

Kinaxis

by John Westerveld When scrolling through my news feed Friday, I found this article from SCN : “ Collaboration Key in Creating Competitive Advantages Through Supply Chains “ The article describes research recently published by the University of Tennessee, Knoxville’s Global Supply Chain Institute.

Experts Suggest How to Slash Supply Chain Risk Properly

Supply Chain Opz

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., Traditionally mandated for public procurement, it offers many of the same benefits to corporations. 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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Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

While companies “talk” about collaboration with suppliers, in reality, the procurement organization is doing the opposite due to financial re-engineering placing more responsibility on the role of banks to fund working capital in the value chain. Recently, I presented at the University of Tennessee Supply Chain Forum.

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. But in the last 5-10 years, we’ve seen a sea change in the way people view procurement, transportation, and supply chain management. Twenty years ago, those who wanted to make money went into marketing or finance—never procurement. If you’re in procurement, you’d better be good at procurement.

Kraft Foods Names Daniel Myers Executive Vice President, Supply Chain

Supply Chain Network

Myers, 56, will lead the functional groups that make up the company’s integrated supply chain, including Procurement, Manufacturing, Engineering and Customer Service and Logistics. “This expertise will complement our current End-to-End Cost Management initiatives, including Project SAVOR in Procurement and Lean Six Sigma in Manufacturing. Myers earned his Bachelor of Science degree in Chemical Engineering from the University of Tennessee.

The Most Overlooked Cloud Opportunity

Talking Logistics

3PLs with warehouses in Nevada and Tennessee with Automotive connections. And many software users also have a short-sighted perspective of cloud, viewing it simply as a procurement option, no different than deciding between buying a car or leasing it. There are many value propositions associated with cloud (or software-as-a-service) solutions, but the two most cited are lower upfront costs and faster time-to-value as compared to on-premise implementations.

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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. 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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Three Ways to Ensure Resilient Supply Chains

Arena Solutions

As we see with the COVID-19 pandemic, recent tornados in Tennessee, past hurricanes in the Gulf of Mexico, or labor unrest in other parts of the world—threats brought by natural or man-made disasters—can impact your supply chain, whether you have a global network or rely on partners across town. Having a single source of truth is also critical to proactively collaborate and identify replacement sources for parts you are no longer able to procure.

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. But in the last 5-10 years, we’ve seen a sea change in the way people view procurement, transportation, and supply chain management. Most of the people I talked to agreed that, 20 years ago, those who wanted to make money went into marketing or finance—never procurement.

Isn’t it time to think about Cybersecurity?

The Lean Supply Chain

In February, the health insurance company Anthem reported a breach in which hackers accessed to about 80 million records and in 2014, a Tennessee hospital had 4.5 Procurement: Follow your procurement processes with an emphasis on cybersecurity risks.

This Week in Logistics News (February 18-22, 2013)

Talking Logistics

CombineNet and Transplace Extend Partnership in Delivering Advanced Transportation Procurement Solution to North America. According to the press release: Transplace leverages the CombineNet ASAP® advanced e-sourcing technology as part of its expert solutions, helping customers develop and optimize their carrier strategy for procurement events involving truckload, less-than-truckload (LTL), and intermodal needs.

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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

At Flex, Tom had a scope that included the entire end to end supply chain: procurement, transportation, warehouse management, as well as customer order fulfillment, customer service, procure to pay, and trade relationships. An expert in bird migration noted that a massive group of warblers in Eastern Tennessee, suddenly flew away and left for Florida.

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

6 River Systems

Located in Coopertown, Tennessee, the company’s new fulfillment center (built in 2016) is large enough to house 22 football fields. In 2017, Smith & Nephew expanded its use of business network and cloud-based applications to support a centralized, efficient procurement process for managing spending from end to end. The world of supply chain and logistics is changing every day.

Manufacturers Having Trouble Finding Cheap, Clean Renewable Energy

Material Handling & Logistics

Yet many of these manufacturers now face a challenge in accessing the clean energy they want and need, due to state policies that limit corporate renewable energy procurement. For the ten states that host the largest number of facilities for manufacturers that have set 100% renewable targets, four states (Michigan, Missouri, North Carolina and Tennessee) are in the bottom 25 in the ranking of favorable regions i n the U.S.

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

6 River Systems

William Crane, Founder & CEO of IndustryStar Solutions , is an entrepreneur and experienced executive in supply chain with demonstrated results starting, launching and enhancing procurement, logistics, supplier quality and manufacturing companies globally. He loves University of Tennessee football and thinks his black lab Reagan is the best dog.

This Week in Logistics News (February 19-23, 2018)

Talking Logistics

I’ll just repeat what I wrote three years ago in Procuring Logistics Services is Not the Same as Buying Paper Clips : The lesson is simple, yet many shippers still don’t get it: there is no incentive for 3PLs to be innovative and creative if your objective is to beat them down on cost, shift all the risk to them, and then put the business out to bid again in 1-3 years.