Category Archives: Event

Supply Chain Direction II: Collaboration is Key

… And a study underway by Craig Hill at Georgia State University may prove it. In his presentation Performance Aspects of Collaborative Planning Forecasting and Replenishment (CPFR) Technologies, Dr. Hill is studying the effects that the implementation of CPFR has had at over 110 compaies that have employed CPFR for over five years. The premises of CPFR is that it (1) decreases inventory, (2) increases customer satisfaction, (3) positively affects stock price, (4) improves performance, and (5) increases sales. Dr. Hill’s preliminary results seem to indicate that inventory turnaround is increased (by 16%), return on assets is increased (by 12%), and average sales are increased. Increased inventory turnaround decreases inventory levels which increases savings (and decreases overall costs), return on assets positively impacts company performance (which likely increases stock price), and increased sales are increased sales. In other words, Collaboration is Key.

On a related note, eyefortransport’s 2nd Supply Chain Directions Summit takes place three weeks from today. For more details, see my earlier post.

A Competitive Advantage (in the Supply Chain)

The theme of this year’s Fourth Annual Symposium on Supply Chain Management was Optimizing the Supply Chain: Competitive Advantage through Information Technology, and a competitive advantage is what you would have taken away if you had attended.

Despite a relatively low attendance when compared with other eProcurement conferences, this is by far one of the better conferences you can attend. Even though attendance was around 95 this year (typical attendence is slightly over 100), you had participants from America to Australia, from academia and industry, and the practitioners in attendance cut across almost every industry. Thus, even though it’s sponsored primarily by PMAC (Purchasing Management Association of Canada, now the Supply Chain Canada Association), it’s truly an international event – and substantially different from PMAC’s annual meeting, which would be more of a Canadian event.

I know many of you are probably scared off by the dual academic/industrial nature of the event, noticing that it’s also sponsored by the McMaster eBusiness Research Centre, and worried that it will be overrun with academics in their ivory towers who have no clue about, and no interest in, real world problems, but this is not the case with this event. I understand where your concerns are coming from – I attended many academic conferences in my day and was consistently put off by not only the lack of application of much of the work, but the academic indifference toward the lack of application at many such conferences – but these concerns are unfounded. In fact, attending these types of events is even more beneficial then attending purely practitioner events as true innovation comes from the merging of great ideas, great technologies, and great best practices. Academics exist to come up with great ideas and foundations for best technologies and Practitioners exist to build great technologies tailored to best practices, using the best ideas they can find in the process. When the two come together with common goals in a common forum and work together, in my view, that’s when the best innovation occurs.

Furthermore, when you consider the broad range of topics that were covered in this year’s symposium, you quickly see that there’s something for everyone. In addition to papers on supply chain management, global supply chain management, risk management, supply chain design, supply chain integration, and e-Procurement, you also had papers on green initiatives, flexible manufacturing, talent sourcing, value networks, RFID, project management, and supplier management from the perspective of a range of industries including health care, pharmaceuticals, automotive, consulting, and software. In other words, the conference is just as informative as many two day crash courses in supply chain issues, at a fraction of the price.

I learned something in every presentation I went to, even the ones on the topics I knew very well. As a whole, the presentations were very well done. There’s so much to report that, as you probably guessed from my posts on New Technology Strategies and Managing Business Risk, I’m not even going to try to cover the conference in a post or two. Instead, I’m going to do a series of posts over the next few weeks on, or inspired by, the ten most informative or thought provoking presentations that I attended at the conference and apologize in advance to the speakers who get left out. (I could only attend a fixed number of presentations and even an overactive human brain can only process a finite amount of information in a short time period.)

In conclusion, I would strongly encourage you to join the academics who’ve stepped outside of their ivory tower and the innovation-focussed practitioners and attend next year’s event – especially if you reside in Canada or the United States and are only a short flight or two away – as I’m sure you will benefit from the experience. And who knows, maybe you’ll even get to meet a blogger!

Optimizing the Supply Chain

The Fourth Annual International Symposium on Supply Chain Management starts today. It looks like it’s shaping up to be a really good conference. I had some interesting conversations last night. Look forward for some great posts on, and inspired by, the event in the days ahead!

Fourth Annual International Symposium on Supply Chain Management

“Optimizing the Supply Chain:
Competitive Advantage through Information Technology”

Wednesday, October 4, 2006
to Friday October 6, 2006
Wyndham Bristol Place Hotel – Toronto Airport
Toronto, Ontario, Canada

This symposium will outline recent research on the most critical supply chain issues, and discuss solutions adopted by industry leaders. In addition to presentations of competively-selected academic papers and practitioner presentations, the program will include keynote addresses by leaders in the field, open informal roundtable discussions on specific popular topics, and a stimulating panel discussion by experts in the field.

Goals:

  • to improve the understanding of how best to transform supply chains and their associated activities, thus enhancing the competitiveness of business, government and not-for-profit institutions
  • to enhance interactions among supply chain management practitioners and researchers, creating permanent networking opportunities
  • to increase industry knowledge of recent eBusiness contributions to the supply chain management field and
  • to showcase research strengths in supply chain management and transformation, and to encourage the corporate community to take advantage of these strengths

Event Management Contacts:

MeRC (McMaster eBusiness Research Centre):
Glenda MacDonald, MBA,
MeRC Manager,
Tel: 905-525-9140 Ext. 27027, gmacdon<at>mcmaster<dot>ca

Dr. Elkafi Hassini,
Assistant Professor, Management Science & Information Systems,
DeGroote School of Business
Tel. 905-525-9140 Ext.23954, hassini<at>mcmaster<dot>ca

PMAC (The Purchasing Management Association of Canada,
now The Supply Chain Association of Canada):
Sharon Ferriss, BJ, MBA
Director, Public Affairs and Communications
Tel: 416-542-9129, sferriss<at>pmac<dot>ca

ORNEC (Ontario Research Network in Electronic Commerce):
Dr. Robert J. H. Crawhall,
Executive Director
Tel: 613-998-5237, crawhall<at>ornec<dot>ca

eyefortransport’s 2nd Supply Chain Directions Summit

As I mentioned in my post Supply Chain Direction: Collaboration is Key back in July, eyefortransport’s 2nd Supply Chain Directions Summit is coming up in November. This year it is being held at the Sofitel San Francisco Bay, Redwood, Hotel on November 28-29th in San Francisco, California.

Billed as the only event that gives you proven strategies to achieve a demand driven seamless supply chain through Collaboration, Forecasting, Inventory & Disruption Management, Data Integration, Top Sourcing & Outsourcing, as I stated in my previous post, what caught my attention was the speaker list, which reads like a who’s who list in the logistics and SCM trenches. In addition, attendees are going to be treated to case studies from Nokia on best practices in handling global transportation security, Coca Cola on delivery and inventory level optimization, Michelin on RFID implementation, intel on 3PL costs, Nike on 3PL lessons learned, the Gap on turning security requirements to your advantage, and M-I SWACO on multi-tiered supply chain management as well as panel sessions on the creation of a proactive demand-driven value-creating supply chain, global sourcing options, outsourcing logistics strategies, and supply chain immunization.

If you’ve kept up with SourcingInnovation and e-Sourcing Forum over the summer, you’ll notice that these are all topics I’ve spent a considerable amount of time on (especially in my weekend series) and all vital to your continued supply chain success. I know there are a lot of supply chain (related) events being held annually (but given the speaker line up and the topics being focused on, I don’t see how you could afford to ignore this one, especially since, to the best of my knowledge, it does not conflict with any other significant supply chain event. (Feel free to email me to have your event added to the list!) Check it out, and feel free to contact the Events Director, Rodrigo Canete if you have any questions about the 2nd Supply Chain Directions Summit.