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  • Innovation in the Supply Chain – Supply Chain View from the Field
    Meeting Insights Part II Management Principles for Executing Visibility Strategies SCRC Meeting Insights Part I A Fireside Chat with John Sculley Apple s former CEO The Do s and Don ts of Deal Making and Contract Management The Drive To 100 Bio based Plastic Bottles Bo Andersson s Supply Strategy Collides With Vladimir Putin s Russia The Performance Triangle Collapses Outsourcing Tesla is Bucking the Trend Can You Trust the Information Your Supply Chain System Tells You Craig Reed from Dupont Battle Tactics for Technology Innovation What are Block Chains Jason Busch on the Future of Money Trust and Transparency Procurement Technology An Update from Spend Matters in Baltimore Upcoming SCRC Meeting to Focus on Transparency in the Global Supply Chain Is it Time for to Move Away from World Class Supply Chains Academics share insights about sustainable supply chains at NC State Workshop Poor Supply Chain Systems will drag down your asset velocity Procurement Analytics Hanging Out and Thinking About Value Supply chain industries have a massive impact on the North Carolina economy 6 Questions on the Minds of Every Chief Procurement Officer Procurement at a Crossroads Spot On and Makes You Think Transparency is the new Sustainability Collaboration is becoming a bad word in some circles Nike partnership with Flex producing innovation coupled with digitization A solution for the New Normal Real Time Supply Chain thinking SCM is smoking hot Why students should consider NC State for a supply chain major Driving Supply Chain Engagement in Oil and Gas NOW is the Time Categories Aerospace Supply Chain Analytics Big Data Biobased Products Biopharmaceutical Supply Chain Book Reviews BRIC Supply Chain Business Process Outsourcing BVL International Category Management Change Management China Supply Chain Commodities forecasting Contract Management Corporate Social Responsibility Customer Relationship Management Design for Supply Chain Emerging Issues

    Original URL path: https://scm.ncsu.edu/blog/cat/innovation-in-the-supply-chain/ (2016-04-30)
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  • Organizing for Supply Chain – Supply Chain View from the Field
    prefer to call them is critical as we all know that metrics drive behaviors Rather then selecting a plethora of meaningless metrics it is always better to focus on 1 comment The Internet of Things Does more data really make us more intelligent March 3 2015 by handfield categories Forecasting MBA Supply Chain Organizing for Supply Chain Supply chain analytics Supply Chain Innovation Supply Chain Management Supply Market Intelligence Recent articles posts and future trends studies are all awash with excitement about the Internet of Things For instance Mike Morley writes on the Material Handling and Logistics site that the Internet of Things will change everything Billions of connected devices associated with global supply chains will transform the amount of information that can track shipments No comments Biogen Idec designs the innovation supply chain February 25 2015 by handfield categories Biobased Products Biopharmaceutical Supply Chain Business Process Outsourcing Contract Management Design for Supply Chain Global Supply Chain Healthcare Supply Management Organizing for Supply Chain Pharmaceutical Supply Chain Strategic Sourcing Supplier Relationship Management Supply Chain Economics Supply Chain Management Supply chain Relationships Supply Chain Risk Supply Chain Strategy Joydeep Ganguly from Biogen Idec spoke in my Supply Chain Relationships class last week and shared his insights on how Biogen s supply chain evolved Since graduating from the NC State Jenkins MBA program in 2006 Joydeep Ganguly has risen through the ranks at Biogen Idec the world s oldest independent biotechnology company and the largest No comments The Role of Supply Management at Hilton Worldwide February 19 2015 by handfield categories Organizing for Supply Chain Strategic Sourcing Supply Chain Management Supply Chain Talent Working Capital Management I was able to listen to Christopher Nassetta the CEO of HIlton Worldwide speak to his team of global supply managers in MacLean Virginia this morning Chris spoke about a number of important themes at HIlton which related directly to the role of supply management in running a major hotel chain He emphasized that The No comments Is Procurement a True Profession Yet May 13 2014 by handfield categories Organizing for Supply Chain Strategic Sourcing Supplier Relationship Management Supply Chain Talent Supply Market Intelligence Gerard Chick and I are working on a new book that is effectively questioning whether procurement as we know it is on the right track and if not what it will take to get it back on track There is certainly a lot of work to be done and this exciting project that we ve been No comments Major Trends Impacting the Pharmaceutical Supply Chain Ecosystem March 29 2014 by handfield categories Biopharmaceutical Supply Chain Global Supply Chain Healthcare Supply Management Organizing for Supply Chain Pharmaceutical Supply Chain Supply Chain Innovation Supply Chain Management Supply Chain Strategy As Obamacare continues to plow forward the effects on the healthcare environment are slowly but surely being felt One of the biggest recipients of this trend is the pharmaceutical environment Several trends have shaped the pharmaceutical ecosystem in the last few years and Obamacare is

    Original URL path: https://scm.ncsu.edu/blog/cat/organizing-for-supply-chain/ (2016-04-30)
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  • Social Media in Supply Chains – Supply Chain View from the Field
    the student poster sessions on Monday and almost 130 executives students and faculty attending the fantastic sessions on Tuesday After highlighting some of the results from the No comments NC State s Poole College of Management JUMPS in the rankings and we need your support October 20 2015 by handfield categories Emerging Issues in Supply Chain MBA Supply Chain MBA Supply Chain Programs Social Media in Supply Chains Supply Chain Management Supply Chain Students Supply Chain Talent Supply Chain Talent Management Bloomberg Businessweek released its MBA rankings today placing the Jenkins MBA at number 29 among full time MBA programs in the United States This ranking is a notable jump from number 54 just a year ago and number 63 out of 63 three years ago The full ranking is available on the Bloomberg Businessweek website where you will find No comments Notes from ProcureCon Indirect West at the Wigwam in Phoenix Arizona September 16 2014 by handfield categories Business Process Outsourcing Contract Management Procure to Pay Social Media in Supply Chains Supply chain analytics Supply Chain Management Supply Chain Talent Had a great time today speaking at the ProcureCon conference in Phoenix today and spent a good deal of time talking to a number of the different solutions providers in the vendor area I was amazed at the speed and convenience of the technical solutions emerging in the procurement area based on the discussions I No comments Effective supply chain management through social networking Guest Blog by Nicholas Moores August 1 2013 by handfield categories Global Supply Chain Social Media in Supply Chains Supplier Relationship Management Supply chain analytics Supply Chain Innovation Supply chain Relationships Supply Market Intelligence Today s blog is a guest post by Nick Moores on social networking for supply chains Although this is a topic that is bandied about a great deal Nick shares some interesting insights into how managers need to think about social networking as a vehicle for creating business relationship networks Effective supply chain management through social 5 comments About Supply Chain View from the Field About The SCRC Producing graduates that are prepared to tackle supply chain management issues with analytical problem solving practical skills and the ability to execute Rob Handfield is the Bank of America Distinguished Professor of Supply Chain Management and Consulting Editor Journal of Operations Management He serves as Co Director of the SCRC along with Clyde Crider more Search Translate Recent Posts SCRC Meeting Insights Part II Management Principles for Executing Visibility Strategies SCRC Meeting Insights Part I A Fireside Chat with John Sculley Apple s former CEO The Do s and Don ts of Deal Making and Contract Management The Drive To 100 Bio based Plastic Bottles Bo Andersson s Supply Strategy Collides With Vladimir Putin s Russia The Performance Triangle Collapses Outsourcing Tesla is Bucking the Trend Can You Trust the Information Your Supply Chain System Tells You Craig Reed from Dupont Battle Tactics for Technology Innovation What are Block Chains Jason Busch on

    Original URL path: https://scm.ncsu.edu/blog/cat/social-media-in-supply-chains/ (2016-04-30)
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  • Supply chain analytics – Supply Chain View from the Field
    be running at an anemic 2 3 or worse China s economy is dragging and the only element 1 comment Handfield s Top Supply Chain Predictions for 2016 December 28 2015 by handfield categories Emerging Issues in Supply Chain Supply chain analytics Supply Chain Management Supply Chain Talent If there s anything we ve learned in the last year it s that prediction is not only much more difficult than it looks but also that the volatility and uncertainty in the global supply chain operating environment is making life a whole lot LESS predictable Prediction generally involves developing some sort of forecast and in this case we aren t No comments Becoming a Valued Business Partner Procurement Analytics SCRC Meeting Insights December 9 2015 by handfield categories Analytics Category Management Procure to Pay Social Media in Supply Chains Strategic Cost Management Supplier Relationship Management Supply chain analytics Supply Chain Management Supply Chain Systems The December 2015 SCRC meeting was held this week in the brand spanking new Talley Student Center and was a resounding success We had over 200 people attend the student poster sessions on Monday and almost 130 executives students and faculty attending the fantastic sessions on Tuesday After highlighting some of the results from the No comments Only 1 Week Until the Supply Chain Analytics Conference at NC State November 30 2015 by handfield categories Analytics Change Management Emerging Issues in Supply Chain Organizing for Supply Chain Supply chain analytics Supply chain Relationships Supply Chain Risk Supply Chain Strategy Supply Chain Students With only one week left prior to our upcoming SCRC meeting students are busily preparing their final posters putting the finishing touches on their presentations and getting ready to meet with their project sponsors to deliver their insights and findings Many of the projects students in my MBA 541 class have been working on this No comments Black Friday isn t What it Used to Be E Commerce has Changed the Landscape November 26 2015 by handfield categories Emerging Issues in Supply Chain Forecasting German supply chain Global Distribution Inventory Management Logistics Supply chain analytics Supply Chain Management Supply chain Relationships Supply Chain Strategy Working Capital Management As retailers prepare for Black Friday what used to be the biggest shopping day of the year the day after Thanksgiving expectations are actually rather low A reporter on CNN noted that it was a non event and that even Cyber Monday the Monday after Thanksgiving weekend is no longer a big deal The fact is No comments SIG Webinar on Procurement Analytics and Innovative Data Leveraging November 6 2015 by handfield categories Analytics Emerging Issues in Supply Chain Procure to Pay Strategic Cost Management Supply chain analytics Supply Chain Innovation Supply Chain Management I will be leading a webinar with the Sourcing Interest Group next Nov 12 at 2 PM based on a study I have been working on with some folks at IBM The webinar will also include Howard Richman a colleague I have known for many years first at Merck and now working at Citrix as No comments Change Management in Moving from Tactical to Strategic Sourcing October 12 2015 by handfield categories Analytics Change Management Emerging Issues in Supply Chain Supply chain analytics Supply chain Relationships I had the opportunity to host a panel of Chief Procurement Officers at the Zycus Horizons 2015 meeting on October 5 2015 on the subject of the journey organizations take in moving from tactical to strategic sourcing The panel included Marianna Danchisko CPO from Celgene Angela Thomas Anderson CPO of QBE Insurance and Barbara Ardell from 1 comment Five Predictions About Prediction that Every Procurement Professional Should Consider October 4 2015 by handfield categories Analytics Category Management Contract Management Corporate Social Responsibility Design for Supply Chain Emerging Issues in Supply Chain Labor and Human Rights in the Supply Chain Supply chain analytics Supply Chain Management Supply Chain Talent Management I am speaking at the Zycus Horizons conference this week being held at the Reynolds Plantation in Georgia As part of the conference I m delivering a talk on five predictions that every procurement professional should consider These aren t so much predictions as opportunities that procurement professionals should become aware of and educate themselves on I 1 comment Spend Analytics vs Contract Management Systems Both Please September 10 2015 by handfield categories Procure to Pay Strategic Sourcing Supplier Relationship Management Supply chain analytics Supply Chain Management Supply Chain Systems I have been interviewing a number of CPO s on the subject of procurement analytics and predictive analytics In this discussion an issue that frequently comes up is the debate over spend analytics and contract management systems For organizations in the early stages of procurement transformation which ones are more critical And how important are systems No comments New Student Projects Suggest Greater Focus on Analytics August 24 2015 by handfield categories Analytics Emerging Issues in Supply Chain MBA Supply Chain MBA Supply Chain Programs Procure to Pay Supply chain analytics Supply Chain Management Supply Chain Students Supply Market Intelligence Every fall Betty Minton and Bill Collins my trusted and capable student project advisors and I play a game of musical chairs The challenge involves matching a group of bright eager and hungry young MBA and engineering students to a group of projects identified by a group of companies through the now well established Supply Chain Resource No comments Re thinking supply chain risk Protection at any cost August 11 2015 by handfield categories Design for Supply Chain Oil and Gas Procurement Strategic Sourcing Supplier Relationship Management Supply chain analytics Supply Chain Management Supply Chain Risk Supply Chain Strategy I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurement analytics and supply management risk This is part of a study I am doing that will result in a white paper later this fall and will likely be one of our key themes for No comments Needed An Analytics

    Original URL path: https://scm.ncsu.edu/blog/cat/supply-chain-analytics/ (2016-04-30)
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  • A Fireside Chat with John Sculley, Apple’s former CEO – Supply Chain View from the Field
    tools and sensory capabilities to help us evaluate more strategically what we are buying to drive customer retention and top line metrics How do you see strategic sourcing leaders to do that Sculley replied with a very insightful comment Here is how I think about it I believe all technology commoditizes What is unique and valuable today will become affordable at different price points tomorrow The way I think about those various points I brought up is you have to judge how you are recruiting talent in the context of domain expertise and can t focus just on the costs in isolation of the domain expertise issue Strategically when you are looking to staff a project almost all work will be done with project teams inside of organizations and outside with contingent teams Let s imagine we are back in 2007 and Kodak was focused on a project which sought how to compete with Walmart in a single use camera taking market share away from their camera They made a decision based on their expertise and their business was film cameras to double down and spend billions on additional vertical integration on film processing to compete on a cost basis better with Wal Mart And remember Kodak were the ones who invented the digital camera At the same time Steve Jobs introduced the iPod and began to make the connections around what was happening in the market around the development of digital components for consumer products And he also understood another domain which was wireless operators were moving from 2G text sending to emails and photos 3G Apple understood that there were these other domains that would impact consumer electronics in terms of how to take a photo from software to another mobile device In 2007 Apple launched the I Phone Three years later Kodak files for bankruptcy Strategically when you look at recruiting talent you need to look at domain expertise beyond the domains that you have in your company and a wider scope of things you are looking at We are all vulnerable and we have seen that in the last 15 years And at the same time one can get into a new domain by procuring talent that may not already be in your organization Sculley made an important point Innovation takes place on the fringes We can draw a circle around domains and they are in motion and as they touch they start to collide and change things Which means that procurement can adopt change to drive innovation and create new technologies by working on the edges of different technologies where things touch Innovation in procurement has to be done in the context of different domains which means developing talent in domains that you don t currently have and recruiting talent that is not on your full time payroll And in many cases that domain involves working with suppliers that we haven t worked with before And this means working with more contingent labor as well

    Original URL path: https://scm.ncsu.edu/blog/2016/04/20/a-fireside-chat-with-john-sculley-apples-former-ceo/ (2016-04-30)
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  • The Do’s and Don’ts of Deal Making and Contract Management – Supply Chain View from the Field
    glass I will fill a glass with water and raise it to my lips For the avoidance of doubt I will not pour the water on my head or use it to wash my hands I will grab a glass fill the glass raise it to my face open my mouth and pour the contents of the glass into my mouth A supplier will prefer this last statement but it could mean they are drinking bleach In fact the supplier may not know they are expected to stay hydrated The important part here is that clear contract language provides transparency When you do contracts with clear language you reduce the level of stress and the more likely you are to get good results Simple language also helps to make the contract easier to read and understand If the lawyer is the only one who can understand a contract then it s poorly drafted A lawyer doesn t have better reading comprehension than a business professional If reasonable people can differ they will Anything that requires mutual agreement means that the other party has a veto so you have to try not to agree to agree If substitutions are allowed what are they The operational element you are hiding will come back to hide you later It is important to have a good limitation of liability clause that is determined by market conditions You need to have an emphasis on execution not just terms You need to look at the overall investment including up front costs soft costs etc to maximize return on investment Limitation of liability clauses are invoked in less than ½ of all contractual deals but this doesn t mean you shouldn t have one If you don t pay attention to your fee schedule then you are making a big mistake A good contracting process should avoid the RFP prisoner s dilemma The idea is that the other party shouldn t be able to rip you off on cost but if you make price important upfront you will not see the solution ing capabilities of the supplier You may get a good cost but if the project is 200 over budget then where is the savings The worst you can do in a complex deal is eliminate the right supplier for the deal To try to force a bad supplier into a good deal or vice versa is not a good idea as you may not be able to enforce it Contracts are based on relationships but relationships based on contracts tend to fail If you have a good relationship and you contract for what you want and try to build the relationship after you have signed it is a recipe for failure Looking forward to more insights tomorrow Subscribe to this conversation s RSS feed No Responses Leave a Response Click here to cancel reply Some HTML is OK Name required Email required but never shared Web or reply to this post via trackback The Drive

    Original URL path: https://scm.ncsu.edu/blog/2016/04/19/the-dos-and-donts-of-deal-making-and-contract-management/ (2016-04-30)
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  • The Drive To 100% Bio-based Plastic Bottles – Supply Chain View from the Field
    Carbonated Soft Drinks accounting for more than 75 of market share in 2013 Growing beverage consumption in emerging markets of BRICS is expected to drive bio based PET market growth CSD marketing companies such as Coca Cola are committed on promoting the use of bio based PET in packaging which is expected to have a major impact on market growth in the near future 2 This is occurring despite the price of crude coming down The feedstock for the Plant bottle is sugar cane out of Brazil which is moving towards cost parity relative to crude oil derived PET The small premium for biobased is absorbed by the system but Coke sees a pathway to having the renewable plant bottom emerge as the dominant package in thelong run especially as oil is expected to go up in price in the long run There were three driving forces around the championing that occurred in making the decision to move towards a 100 plant bottle 1 Sustainability platform and carbon capture The response from consumers was overwhelmingly positive around the plant bottle and any misunderstandings occurred around the technology and has been a strong positive reaction 2 Cost and line of sight around competitive elements This came about as the cane sugar feedstocks in Brazil proved to be cost competitive Coke also needed to prove that the cane was being farmed on arable land and was not creating competition for land or water with other crops and used by products derived from extracting sugar from products GMO grown products was also not a factor in this case 3 Top line growth and brand differentiation The Plant Bottle has become a core differentiating element to the Coke brand especially in light of the growing awareness of sustainability in the population Coke works with the WWF and other consortiums including competing brands such as Nestle Danone Unilever Ford P G and others to set the guidelines and industry standards that prevents others from jumping in with green washing claims and drive confusion over the issue A Coca Cola representative notes that We are the largest biobased PET buyer and we see ourselves as a catalyst for the industry to move towards renewable material and we are working with our partners to make it happen We are working hard to enable other companies to come into the space and benefit from the PET supply chain that we are creating and allowing access to technology It should be noted that one of the benefits that the Renewable Fuel Standard provides significant benefits to biofuel but the polymer market does not enjoy such benefits It is easier to get ethanol into biofuels then to take ethanol and make plastic out of it Ethanol goes into fuels but the benefit does not translate into plastic Fuel companies also tend to have limited partnerships that provide tax benefits that the buyer of renewable plastics do not have Hopefully this will change 1 http www coca colacompany com stories plantbottle

    Original URL path: https://scm.ncsu.edu/blog/2016/04/15/the-drive-to-100-bio-based-plastic-bottles/ (2016-04-30)
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  • Aerospace Supply Chain – Supply Chain View from the Field
    students are assigned to teams to study a group of companies within a particular industry and by applying the Supply Chain Sustainability index developed through No comments Building the Integrated Delivery System at Honeywell Aerospace April 18 2012 by handfield categories Aerospace Supply Chain Inventory Management Sales and Operations Planning Supply Chain Strategy I had an opportunity to meet with the executive team at Honeywell Aerospace in Phoenix this week and learned a great deal about the interesting challenges that exist in the aerospace supply chain As can be expected Honeywell has only a few major customers Boeing Airbus Embraer etc in commercial and a slightly larger amount 5 comments Lean Aerospace Supply Management Developments April 2 2012 by handfield categories Aerospace Supply Chain Business Process Outsourcing Contract Management Forecasting Global Supply Chain Inventory Management Logistics Supplier Relationship Management Supply Chain Management Supply Chain Strategy In a recent set of interviews I had an opportunity to learn about some of the recent developments in the aerospace industry that is happening in both commercial and defense sectors As organizations seek to drive inventory out of the supply chain and improve working capital while simultaneously reducing leadtimes and customer responsiveness they are 1 comment About Supply Chain View from the Field About The SCRC Producing graduates that are prepared to tackle supply chain management issues with analytical problem solving practical skills and the ability to execute Rob Handfield is the Bank of America Distinguished Professor of Supply Chain Management and Consulting Editor Journal of Operations Management He serves as Co Director of the SCRC along with Clyde Crider more Search Translate Recent Posts SCRC Meeting Insights Part II Management Principles for Executing Visibility Strategies SCRC Meeting Insights Part I A Fireside Chat with John Sculley Apple s former CEO The Do s and Don ts of Deal Making and Contract Management The Drive To 100 Bio based Plastic Bottles Bo Andersson s Supply Strategy Collides With Vladimir Putin s Russia The Performance Triangle Collapses Outsourcing Tesla is Bucking the Trend Can You Trust the Information Your Supply Chain System Tells You Craig Reed from Dupont Battle Tactics for Technology Innovation What are Block Chains Jason Busch on the Future of Money Trust and Transparency Procurement Technology An Update from Spend Matters in Baltimore Upcoming SCRC Meeting to Focus on Transparency in the Global Supply Chain Is it Time for to Move Away from World Class Supply Chains Academics share insights about sustainable supply chains at NC State Workshop Poor Supply Chain Systems will drag down your asset velocity Procurement Analytics Hanging Out and Thinking About Value Supply chain industries have a massive impact on the North Carolina economy 6 Questions on the Minds of Every Chief Procurement Officer Procurement at a Crossroads Spot On and Makes You Think Transparency is the new Sustainability Collaboration is becoming a bad word in some circles Nike partnership with Flex producing innovation coupled with digitization A solution for the New Normal Real Time Supply Chain thinking

    Original URL path: https://scm.ncsu.edu/blog/cat/aerospace-supply-chain/ (2016-04-30)
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