The Center has been acting as an advisor to NIST in the
formulation of standards and action-oriented research to secure the
federal and industrial cyber supply chain. In September, the
National Institute Of Standards And Technology (NIST) publically
released the Supply Chain Center's IT Supply Chain Risk Management
Community Framework Model, produced under a two year grant from
NIST. In addition, on Monday October 18, the Center unveiled its IT
Supply Chain Risk Management Portal Prototype, developed this year
with additional NIST funds, at a workshop conducted at NIST HQ.
In September, Sandy Boyson was appointed by the U.S. Secretary of
Commerce to the Advisory Committee On Supply Chain Competitiveness;
he is one of two academics named to the committee that seeks to
address White House and Congressional policy concerns about U.S.
supply chain infrastructure and export promotion.
Sandy Boyson was appointed as guest editor of a special issue on
the Cyber Supply Chain for the journal Technovation.
Total asset visibility, collaborative planning and forecasting, capacity planning
and utilization, synchronized transportation, inventory optimization, customer relationship
management, connected in real-time through portal technology, have transformed the
supply chain from stage-hand to star on e-commerce's global stage.
Indeed, netcentric, E-powered supply chains can help companies shorten response
times and optimize manufacturing processes and distribution systems, while simultaneously
minimizing inventory and maximizing customer service. With a real-time supply chain
management system in place, companies can achieve a competitive advantage and superior
bottom line profitability. Increasingly, the great divide separating companies within
a market is between those that are up shifting to real-time supply chains and those
that are not.
New Inventory Study
Philip Evers, associate professor of logistics management, will be studying
the ways inventory crossovers affect inventory levels.
Most inventory research assumes that orders placed on suppliers arrive in the
same sequence in which they were placed (i.e., order 1 is received before order
2 is received). An order crossover occurs when orders do not arrive in their
intended sequence (i.e., order 2 is received before order 1 is received).
Analytical findings suggest that the occurrence of crossovers may actually
result in the need for less safety stock. As recent research has implied that
this phenomenon is a form of statistical economies of scale, the intent of this
project is to investigate how crossovers relate to and compare with other
methods used to pool uncertainty. From a research perspective, this work will
add to the body of literature pertaining to inventory management; from a
managerial perspective, it will help to identify the impact of order crossovers
on inventory levels.
This research is funded by the Supply Chain Management Center and a Smith
School summer research grant.
The Supply Chain Management Center’s (SCMC) current initiatives involve research on
emerging areas in the field. SCMC has completed a prototype on the communications-enabled
supply chain with Avaya. This area is a promising one as it takes supply chain data
available through the portal and makes it available to authorized users anywhere
at any time in a variety of wireless, hand-held devices. SCMC
is sponsoring a doctoral student’s research on management’s responses to supply
chain disruptions in order to better understand how managers respond and to differentiate
between effective and ineffective responses. Going hand in hand with this research
is the field of overall supply chain risk and its implications for supply chain
network design and supply chain costs. The recent surge in fuel prices has created
the need for a fundamental re-assessment of supply chain risks, network design,
and overall assessment of supply chain costs.
SCMC has identified the implications of skyrocketing energy costs on
the premise imbedded in the “flat world concept.” Clearly, the fuel crisis and
its impact on supply chain costs has peaked interest in the financial supply
chain. Indeed, supply chain operations decisions are intertwined with financial
decisions. Increasingly, financial considerations are driving supply chain
decisions. SCMC is focusing
on understanding this link and developing financial models to understand the underlying
processes and decisions. Finally, there is a definite link between concepts and
principles of the physical supply chain with the service supply chain. Many service
oriented organizations are faced with issues that are similar to the issues faced
by supply chain executives of manufacturing firms. SCMC
has developed a model of the service supply chain emphasizing the similarities to
the production supply chain.
The Supply Chain Management Center sees as its mission the continued integration
of the leading edge business practices and technologies of the real-time supply
chain into the undergraduate and graduate programs in Supply Chain Management at
the Smith School. Furthermore, SCMC is committed to
a research agenda in the newly emerging areas in the field. This leading edge research
will provide a continuous flow of new information that will be introduced in the
curriculum in order to ensure that the Supply Chain Management graduates have the
latest information in the field as they transition into the workforce. SCMC has emphasized the dissemination of its research work in
a series of published books and academic research articles. These dissemination
activities are an integral component of the center’s mission. Finally, SCMC has a major goal of providing executive education in this
field through a variety of credit and non-credit learning sessions. SCMC has
the capability of delivering content all the way from a series of short-courses
to full-fledged academic programs in the field of supply chain management. These
content units emphasize hands-on learning experiences with production-level software
applications in addition to business simulations.