Outside risks can stretch supply chains’ capabilities to the breaking point, but executives who run them often fail to develop risk contingency plans, according to a new study from UT’s Global Supply Chain Institute.
Global Supply Chain Institute News
Organizations that closely integrate their purchasing and logistics functions deliver better business results, according to a new study from UT’s Global Supply Chain Institute. But the study, involving more than 180 supply chain professionals, also shows that many firms fail to capitalize on this opportunity and have supply chains where purchasing and logistics operate in “silos” with little cohesion.
New federal regulations mandating rest time for truckers could mean increased costs for consumers, according to a study from UT’s
New federal regulations mandating rest time for truckers could mean increased costs for consumers, according to a new study from UT’s Global Supply Chain Institute. The new hours-of-service rules from the US Department of Transportation’s Federal Motor Carrier Safety Administration are designed to improve driver safety by reducing truck driver fatigue.
J. Paul Dittmann, executive director of UT’s Global Supply Chain Institute, has accepted a position on the board of directors for Kenco. Kenco is a leading provider of distribution and fulfillment, transportation services, and intelligent information technology. Jane Kennedy Greene, Kenco chairwoman and CEO, said Dittmann will expand the diversity of background and experience on the board.
A recent UT report has pinpointed ten game-changing supply chain trends that can help companies improve their operations. The university’s Global Supply Chain Institute researched the topic and identified and tracked the trends. UT supply chain management faculty surveyed 163 supply chain professionals from 132 global companies to develop the list.
An industry publication has named supply chain lecturer J. Paul Dittmann as one of the top ten supply chain thought leaders in the world. Dittmann is the executive director of the Global Supply Chain Institute in the College of Business Administration. SCM Operations developed the list based on a literature review using data searches through the Harvard Business Review and MIT Sloan Management Review publications.
Dealing with the uncertainty and risk in the supply chain industry caused by the tough economic climate in Europe is a priority for supply chain leaders around the world. Executives gathered in Paris this summer to discuss best practices on addressing the situation during the European meeting of the Global Supply Chain Forum, organized by UT Knoxville.
UT Knoxville will co-host a global supply chain forum in Paris on June 13 and 14 that will feature leaders from international business giants such as Caterpillar and the BIC pen company. The second annual Western Europe Global Supply Chain Forum will provide a place for senior supply chain executives and renowned faculty to discuss global supply chain issues, opportunities, and best practices.
The recruitment and development of talented supply chain managers is key to creating a long-term competitive advantage, according to the Global Supply Chain Institute advisory board. Senior supply chain executives from twenty-one leading global companies recently met in Atlanta for the board’s first face-to-face meeting to discuss key supply chain issues.