📖[PDF] Contemporary Issues in Supply Chain Management and Logistics by Anthony M. Pagano | Perlego (2023)

Table of Contents
About This Book Information FAQs

About This Book

This book is a collection of chapters on issues we face today in the world of supply chain management. While there are a number of college textbooks related to specific areas within logistics and supply chain issues, there are very few general supply chain management "trends" books. Contemporary Issues in Supply Chain Management and Logistics consists of seven dynamic, current and informative chapters that cover a variety of cutting-edge supply chain topics of use to both graduate students, and professionals working in the field. The book contains new, original research papers written by academics from the fields of engineering, transportation, marketing, and supply chain management and logistics.

Information

Publisher

Business Expert Press

Year

2017

ISBN

9781631573620

Topic

Business

Subtopic

Operations

📖[PDF] Contemporary Issues in Supply Chain Management and Logistics by Anthony M. Pagano | Perlego (1)

This book, titled “Contemporary Issues in Supply Chain Management and Logistics,” is a collection of chapters on issues we face today in the world of supply chain management. It consists of seven dynamic, current, and informative chapters that cover a variety of cutting-edge supply chain topics. This interdisciplinary book is of use to both graduate students and professionals working in the field because of its cutting-edge approach to emerging global issues. The book contains new, original research papers written by academics from the fields of engineering, transportation, information and decision systems, marketing, and, of course, supply chain management and logistics.

While there are a number of college text books related to specific areas within logistics and supply chain issues, there are very few general supply chain management “trends” books. Of the books that exist, the majority has a European-centered international focus. There is an untapped market to create a supply chain and logistics book to be used in college classes that uses examples in the United States. Indeed, undergraduate and graduate business schools are increasing their course offerings in logistics and supply chain management, based on student demand. Supply chain managers’ salaries are increasing and c-level positions are being added to many companies. To meet this demand, these new courses will require updated and relevant books that provide timely perspectives and examples using “real-world” situations. Additionally, professionals working in the field need to stay current on the trends and issues facing supply chain managers. They will be leading their corporations’ strategies on supply chain management. This book, therefore, feeds their position as thought leaders looking to make their supply chain leaner, more visionary, and reflective of the trends in supply chain management.

Chapter 2 of this book discusses research undertaken at the University of Illinois at Chicago (UIC) Center for Supply Chain Management and Logistics by UIC Professors Matt Liotine, Anthony M. Pagano, and Sidd Varma Gadiraju from Capgemini. It involves a two-year study that analyzes recent technological trends in the Logistics and Supply Chain Management space in the United States. The research focuses first on the vendors/suppliers of the technologies, progressing then to the buyers/users of these technologies. From this research, the chapter identifies emerging technologies, their implications, and acceptance, and utilization levels across various industry sectors.

Chapter 3 by William Stillman of GainSystems details the effort in trying to minimize the negative financial impacts of “Murphy’s Law.” This issue has challenged the executive suite for years. Corporations have spent hundreds of millions of dollars on outside consulting firms and enterprise software trying to manage the impact of “Murphy” on their inventory investment and operating costs. It then discusses a method to consistently achieve the “Perfect Order.” To achieve this with the maximum contribution to margin, one needs to plan across the enterprise at the most granular level. Therefore, one needs to account in that plan for all variables and needed to monitor the enterprise to identify any changes in Stock Keeping Unit Location (SKUL) behavior patterns, customer behavior patterns, or other relevant elements of the enterprise supply chain.

Fazle Karim and Professor Houshang Darabi of UIC review, in Chapter 4, the methods for demand forecasting and provide a comprehensive framework for the prediction of the demand of location-dependent services such as healthcare facilities, retail stores, banks, restaurants, and so on. The chapter discusses how accurate forecasting is becoming vital for survival and success of business, and how demand forecasting is also becoming the foundation of location-dependent services as it helps with marketing and revenue.

Chapter 5, written by Mellissa Gyimah, explores and discusses how education and academic intersect within supply chain management, and what people in the workforce look for as an educational foundation for students they would potentially hire. Essentially, what coursework do companies appreciate and value most so that potential employees are effective in their company as workers? Using a survey method and analyzing individual’s responses, we see the skills and educational background companies prefer and how it would be beneficial for companies and universities to collaborate moving forward.

The team of Pourabdollahi, Karimi, Mohammadian, and Kawamura are the authors of Chapter 6. This chapter is based on the PhD thesis of Zahra Pourabdollahi, now at RS&H, Inc in Tampa. Behzad Karimi of the University of South Florida, Professors Kouros Mohammadian and Kazuya Kawamura of UIC round out the team. In Chapter 6, we are exposed to the remarkable increase in freight movements and their significant impacts on the transportation system, regional well-being, and economic growth. This provides sufficient motivation to develop reliable analysis tools to estimate commodity flows between zones and forecast the future demand and trends of goods movements among regions. The chapter illustrates the need to develop freight demand models to better facilitate infrastructure planning and policy development by outlining a behavioral agent-based supply chain and freight transportation model for the Chicago Metropolitan Area. This multimodal freight model addresses critical technical and conceptual hurdles that have challenged past efforts by applying an agent-based framework.

The initial part of Chapter 7, written by Professor Chis Westland of UIC, addresses the research question of how you create an accurate customer demand forecast for a single item inventory where demand is indirectly observed by tracking inventory levels. Inventory management and control are often myopic. The only information that management has available for the customer demand input to their policy model comes from the inventory levels over time, which is inherently right-censored by stock-outs (where demand exceeds supply). The remainder of the chapter delineates a methodology to address customer demand forecast errors that can contribute to suboptimization in supply-chain algorithms. It introduces a separable demand forecasting based on Kaplan–Meier estimators using data only from inventory levels, while providing examples of the application of such estimators to elicit demand forecast time-series. Finally, the chapter incorporates the forecasts generated from Kaplan–Meier estimators using data only from inventory levels into a basic inventory restocking algorithm.

Chapter 8, written by Anthony M. Pagano, discusses Public–Private Partnerships (PPP) that is in the forefront of approaches to funding transportation infrastructure improvements. Highlighted in the highway area by long-term leases of the Chicago Skyway and Indiana Toll Road, a variety of states are investigating the use of PPP either as “Brownfield” leases such as the Chicago and Indiana cases, or “Greenfield” Design, Build, Operate, Transfer arrangements. These and other PPP projects raise a variety of issues, including the length of the lease, toll escalation permitted, and use of funds. This paper develops a rationale for PPPs in transportation, evaluates several approaches to PPPs using this rationale, and analyzes some of the difficult issues that can surface.

📖[PDF] Contemporary Issues in Supply Chain Management and Logistics by Anthony M. Pagano | Perlego (2)

Matthew Liotine, Anthony M. Pagano, and Siddhartha Varma Gadiraju

Overview of Research

This research, undertaken by the University of Illinois at Chicago’s Center for Supply Chain Management and Logistics, involves a two-year study, which works toward analyzing the recent technological trends in the Logistics and Supply Chain Management space in the United States, which are being followed by major corporations. The research focuses first on the vendors/suppliers of the technologies discovered, progressing then to the buyers/users of these technologies.

Objectives

  • Identify the emerging technologies, either hardware or software, that companies are investing in, currently, and in the short term.

  • Understand the implications of the technologies with respect to areas that include value creation, operational effectiveness, investment level, technical migration, and general industry acceptance.

  • Identify short-term trends in the technology acceptance and utilization levels across various industry sectors.

  • Characterize the supply chain and logistics applications in which the technologies are being utilized with regard to product planning, materials management and inventory, transportation, distribution, workflow, plant maintenance, quality assurance, environment, health, and safety.

  • Identify favored suppliers for the technologies identified.

Study Approach

The team has interviewed a group of 10 companies that provide various innovative technological services for industry giants in North America and elsewhere. The choice of vendors was made based on the innovative quality of their product/service, its usability, and adaptability in regard to current supply chain practices and associated return on investment (ROI).

A list of companies has been included in the following table, along with their associated field of service in the supply chain space. While there is much diversity in the services and products provided by these companies, they all contribute to optimizing complex, global supply chains. A comprehensive view of how these different technologies interact with each other to have a positive impact on the supply chain operations is provided in this report.

To get a better idea of the desired functionality of new supply chain technologies in the industry, an interview with the Aberdeen Group was also conducted. Aberdeen, as a company with a supply chain research unit, has been able to shed some light on the recent trends in the supply chain industry.

Study Findings

Overview

Overall, companies have been integrating new technologies in their supply chain and logistics operations for numerous reasons. Among these are:

  • To improve ROI by using technologies that better leverage utilization of capital expenditures in people and equipment.

  • To create operational efficiencies in order to reduce inventory and improve cycle times.

  • To improve customer responsiveness by reducing lead times, improving product availability, and offering flexibility to changing customer demands.

All of these ultimately result in creating greater value for the customer base, and consequently improved profitability. To this end, companies are seeking ways to establish greater end-to-end visibility across the complexity of supply chain and logistics operations, processes, and systems. Visibility provides “controlled access and transparency to accurate, timely and complete events and data (transactions, content and relevant supply chain information) within and across organizations and to support effective planning and execution of supply chain operations” [1].

Table 2.1 illustrates these relationships as they existed at the outset of this study. Until recently, technology has been considered as an enabler for improvements in underlying supply chain and logistics operations. However, recent trends in society and business such as mobile computing, social media, and online retailing have significantly changed almost every aspect of the supply chain and logistics landscape. In this study, the following technologies were found to have a pervasive role in altering this landscape (Figure 2.1):

Table 2.1 List of Companies

Company name

Services

Website

SAP

Enterprise Resource Planning

Vuzix

Hardware—for Optimized Warehouse Operations

ORTEC

Software Solutions—Advanced Planning and Optimization

Aberdeen Group

Industry Research

Accenture

Management Consulting and Technology Services

Mecalux

Industrial, Racking, and Storage Solutions

GT Nexus

Cloud-based Supply Chain Services

Bastian Solutions

Material Handling Systems Integrator

AGV Solutions

Automated Guided Vehicle Systems Provider

Zebra Technologies

Tracking Technology and Solutions

📖[PDF] Contemporary Issues in Supply Chain Management and Logistics by Anthony M. Pagano | Perlego (3)

Figure 2.1 Supply chain and logistics relationships

  • Maturing technologies

    Based on industry study, the following technologies are considered maturing technologies, whose aim is to improve service and efficiency.

    • Optimization software

    • Sensors/telematics

    • Cloud computing

    • Data warehouse and integration

    • Automated storage and retrieval

    Current adoption levels for these technologies are at 35 percent and are projected to reach 80–90 percent by 2019 [2].

  • Growth technologies

    The following technologies are considered growth technologies, whose adoption rates are currently about 20 percent, but are expected to grow steadily in the next three to five years [2].

    • Mobility

    • Wearability

    • Data analytics

    • Social media

  • Emerging technologies

    The following technologies are considered emerging technologies, with current adoption rates of 10 percent [2]. These technologies are viewed as disruptive in nature, and thus have the potential to significantly alter supply chain and logistics operations in unforeseen ways:

    • 3D printing

    • Drones

    • Autonomous vehicles

Specific Findings

It is important to note that the impacts of these technologies in many cases are collective rather than individual, the result of integrating a technology with one or more of the others. The following briefly describe their impacts as identified in this study:

Cloud Computing

Cloud computing technology has enabled companies to migrate platforms and applications that were once predominantly on-premises or within public/private cloud environments. Cloud computing is a technology that provides user applications that are delivered from a collected group of distributed computing resources (e.g., servers, databases, applications, networks, etc.). Cloud computer offerings have been classified into Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). SaaS consumers use a provider’s applications running on a cloud infrastructure, accessing them using various client devices through a thin client interface such as a Web browser. The underly...

Citation styles for Contemporary Issues in Supply Chain Management and LogisticsHow to cite Contemporary Issues in Supply Chain Management and Logistics for your reference list or bibliography: select your referencing style from the list below and hit 'copy' to generate a citation. If your style isn't in the list, you can start a free trial to access over 20 additional styles from the Perlego eReader.

APA 6 Citation

Pagano, A., & Gyimah, M. (2017). Contemporary Issues in Supply Chain Management and Logistics ([edition unavailable]). Business Expert Press. Retrieved from https://www.perlego.com/book/402934/contemporary-issues-in-supply-chain-management-and-logistics-pdf (Original work published 2017)

Chicago Citation

Pagano, Anthony, and Mellissa Gyimah. (2017) 2017. Contemporary Issues in Supply Chain Management and Logistics. [Edition unavailable]. Business Expert Press. https://www.perlego.com/book/402934/contemporary-issues-in-supply-chain-management-and-logistics-pdf.

Harvard Citation

Pagano, A. and Gyimah, M. (2017) Contemporary Issues in Supply Chain Management and Logistics. [edition unavailable]. Business Expert Press. Available at: https://www.perlego.com/book/402934/contemporary-issues-in-supply-chain-management-and-logistics-pdf (Accessed: 14 October 2022).

MLA 7 Citation

Pagano, Anthony, and Mellissa Gyimah. Contemporary Issues in Supply Chain Management and Logistics. [edition unavailable]. Business Expert Press, 2017. Web. 14 Oct. 2022.

FAQs

What are the 7 key issues of supply chain management? ›

7 Main Challenges in Supply Chain Management And How You Can Workaround It
  • Quality Customer Service. The supply chain management is centralized on the needs of the customers. ...
  • Costing. ...
  • Risk Management. ...
  • Supplier Relationship. ...
  • Qualified Personnel. ...
  • Unforeseen Delays. ...
  • Fast-Changing Markets.
5 Feb 2019

What are the key issues and challenges for logistics and supply chain? ›

5 common problems in logistics and supply chain management
  • 1- Disorganized processes.
  • 2- Not using Key Performance Indicators.
  • 3- Having communication issues among different sectors.
  • 4- Not counting on technology.
  • 5- Mistakenly forecast your business' demand.
31 Jan 2019

What are the 5 key trends in supply chain management SCM? ›

New market dynamics are among five trends that IDC said will drive supply chain development over the next decade. In no particular order, they include networks and ecosystems; data analytics and automation; sustainability and the global workforce.

What are the major challenges in supply chain management today? ›

The Top Supply Chain Challenges for Shippers
  • Keeping transportation costs down.
  • Keeping up with customer/industry demands.
  • Sourcing consistent, reliable carrier capacity.
  • Keeping up with the latest technology solutions and demands.
  • On-time pickup and delivery performance.
30 Sept 2022

What are the key issues in supply chain management explain using practical examples? ›

Three Key Issues in Supply Chain Management
  • Key Issue #1: Globalization. Globalization presents several critical supply chain management challenges to enterprises and organizations: ...
  • Key Issue #2: Fast-changing Markets. ...
  • Key Issue #3: Quality and Compliance.
18 Sept 2017

What supply chain challenges will be the biggest issues in 2022? ›

A nationwide shortage of truck drivers, a lack of available warehouse space, and rising consumer demand are three supply chain challenges that will continue to impact retail operations throughout 2022.

What is causing supply chain issues 2022? ›

Labor shortages and rising wages continue to be major concerns for driving supply chain challenges and inflationary pressures. The unemployment rate declined in September to 3.5%, down from 3.7% in August.

What are the major challenges facing logistics and supply chains that can be improved by technology? ›

Key challenges for the transportation & logistics industry in...
  • Challenges in the transportation and logistics industry. ...
  • Supply chain integration. ...
  • Digital transformation. ...
  • Opportunities in the transportation and logistics industry. ...
  • Data and analytics. ...
  • Cloud computing. ...
  • Last mile delivery.

What are the three 3 main goals of SCM? ›

If you are looking to improve your operations and implement supply chain management strategies, it is important to explore some of the main goals of supply chain management. These strategic goals include ensuring efficiency, improving quality, and optimizing transportation.

What are the 7 R's of supply chain? ›

In this step, we look at the 7 Rs of logistics. So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as: Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price.

How can we help supply chain issues? ›

Six ways to improve global supply chains
  1. Executive Summary. ...
  2. Boosting Domestic Capabilities Through On-Shoring and Near-Shoring. ...
  3. Easing Transportation Jams. ...
  4. Prioritizing Public Health. ...
  5. Dealing with Labor Shortages. ...
  6. Fighting Anti-Competitive Practices. ...
  7. Mitigating Geopolitical Complications. ...
  8. A Multifaceted Problem.
12 Jul 2022

What's the most important first step for a company struggling with supply chain issues? ›

Quantifying the financial risk of a supplier or wider supply chain failure, is the first step in successfully implementing a risk management plan. This is best done in terms of profitability impact, but revenue impact sometimes is also adequate.

What is supply chain management and why is it important PDF? ›

Supply Chain Management can be defined as the management of flow of products and services, which begins from the origin of products and ends at the product's consumption. It also comprises movement and storage of raw materials that are involved in work in progress, inventory and fully furnished goods.

What are the key strategies to overcome the supply chain challenges in the country? ›

How to Solve Your Supply Chain Challenges
  • Manage and Drive Down Costs in the Supply Chain.
  • Optimize Inventory and Supply Chain Demands Across Multiple Channels.
  • Improve Quality and Speed in the Supply Chain.
  • Manage and Mitigate Risks and Issues in the Supply Chain.
  • Use the Right Supply Chain Software Platform.
14 Feb 2019

How does supply chain management help a company to improve efficiency and effectiveness? ›

Effective supply chain management enables companies to improve product flow through accurate demand and sales forecasting and also improve inventory management to arrest the bullwhip effect and avoid underproduction.

What caused supply chain issues? ›

Problems with the supply chain started with COVID-19 and were compounded by strong consumer demand in the pandemic's wake.

What are the main issues with developing a sustainable supply chain? ›

These include issues like pollution, water resources used, greenhouse gas emissions, deforestation, and any other impacts a business's operations and the operations of their suppliers could have on the planet. A green supply chain may not be considering the ethical and social impacts of business activities.

What is the main cause of the supply chain crisis? ›

The causes of supply chain disruptions

As we move into the second half of 2022, shippers and carriers are continuing to face challenges due to the geopolitical environment, rising fuel costs, and inflation.

How do you solve logistic problems? ›

The Seven-Step Approach
  1. Define the problem. Have candidates identify the problem by including both a cause and an effect. ...
  2. Define the objectives. Ask candidates to explain their desired outcome. ...
  3. Generate alternatives. ...
  4. Develop an action plan. ...
  5. Troubleshoot. ...
  6. Communicate. ...
  7. Implement.
15 Dec 2004

What are the current issues related to logistics and package delivery industry? ›

Delivery Delays

Infrastructure issues can also cause slowdowns and delays, where ports struggle to process and service a large number of incoming shipments, and freight fleets are also affected by labor shortages and an increasing drop in available drivers.

What are the 5 most commonly known principles to improve logistics? ›

The five elements of logistics
  • Storage, warehousing and materials handling.
  • Packaging and unitisation.
  • Inventory.
  • Transport.
  • Information and control.

What are the 3 types of supply chain? ›

The 3 Levels of Supply Chain Management: Strategic, tactical and operational. The three levels of supply chain management are strategic, tactical and operational.

What are the two types of SCM system? ›

Types. There are two main types of SCM software applications: planning and execution. The planning software applications use advanced algorithms to determine the best way to fulfill a product order.

What are the 3 foundation of supply chain? ›

Generally the key aspects of Supply Chain management are Purchasing (sourcing), Planning (scheduling) and Logistics (delivery). Sometimes logistics is separate, and procurement may be included with Purchasing, depending upon how location specific the procurement activities are.

What are the 5 types of supply chain? ›

Here are six types of supply chain models that can drive supply chain management for a business:
  • Continuous Flow. This is one of the most traditional models on the list. ...
  • Fast chain. The fast chain model is one of the new names in supply chain strategies. ...
  • Efficient Chain. ...
  • Agile. ...
  • Custom-configured. ...
  • Flexible.
10 May 2022

What is the most important goal of supply chain management? ›

The main goal of supply chain management is to manufacture products and deliver them to the end consumers. However, providing the product is not the only goal; the quality of that product also matters. You should provide consumers with a product that offers the best value possible.

What are the 6 logistics goals? ›

Objectives of Logistics Management
  • Improve Supply Chain Efficiency. ...
  • Inventory Management. ...
  • Fulfill customer requirements. ...
  • Mitigate product damage. ...
  • Reduce Operational Cost. ...
  • Quick Response. ...
  • Optimize delivery performance. ...
  • Efficient Flow of Information.
22 Mar 2022

What are the 5 P's of logistics? ›

The major cause of conflict for logistics and marketing interface is related to 5Ps (product, price, place, promotion and packaging) of marketing.

What are the four types of supply chains? ›

Six Types of Supply Chain Models
  • The Continuous Model.
  • The Fast Model.
  • The Efficient Model.
  • The Agile Model.
  • The Custom-Configured Model.
  • The Flexible Model.
  • About IDB.
  • FB.

What are the 5 biggest supply chain challenges? ›

Here are five major challenges that companies continue to face in their supply chains–and the solutions that will help logistics providers prepare for the future.
  • 1 - Huge E-commerce Growth. ...
  • 2 - Sudden Shortages. ...
  • 3 - Centralized Inventory. ...
  • 4 - Limited or Insufficient Visibility. ...
  • 5 - Patchwork Logistics.
3 May 2022

What factors are important for improving supply chain? ›

The major factors identified as supply chain structure, inventory control policy, information sharing, customer demand, forecasting method, lead time and review period length. The optimum selection of parameters of these factors improves the supply chain performance.

How can the supply chain management process be improved? ›

5 tips on how to improve supply chain efficiency with management solutions
  1. Increase your supply chain's visibility.
  2. Automate where it counts — and keep all necessary parts well-managed.
  3. Engage your IT department.
  4. Assess your training programs.
  5. Implement a good project plan.
17 Sept 2022

How can supply chain management increase efficiency and customer satisfaction? ›

4 Supply Chain Secrets to Drive Customer Satisfaction
  1. Improve on-time delivery. Customers want what they want and they want it fast and on-time. ...
  2. Use technology to enhance visibility and track inventory. ...
  3. Increase speed-to-delivery with on-demand fulfillment. ...
  4. Satisfy customer demand with an agile inventory strategy.
26 Sept 2019

What are the 7 supply chain functions? ›

While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.

What are common supply chain issues? ›

Here are five major challenges that companies continue to face in their supply chains–and the solutions that will help logistics providers prepare for the future.
  • 1 - Huge E-commerce Growth. ...
  • 2 - Sudden Shortages. ...
  • 3 - Centralized Inventory. ...
  • 4 - Limited or Insufficient Visibility. ...
  • 5 - Patchwork Logistics.
3 May 2022

What is causing the supply chain issues 2022? ›

Labor shortages and rising wages continue to be major concerns for driving supply chain challenges and inflationary pressures. The unemployment rate declined in September to 3.5%, down from 3.7% in August.

What are the 6 main components of a supply chain? ›

CIO, the business magazine from Boston's International Data group, have identified six core components of good SCM: Planning, Sourcing, Making, Delivering, Returning, and Enabling.

What are the main two types of supply chain? ›

The 2 Types of Supply Chains
Reactive Supply Chain StrategyData-Driven Supply Chain Strategy
Operational improvements based on guesswork or imitating competitorsA data-driven approach helps even best-in-class manufacturing operations find new ways to improve efficiency[iii]
5 more rows

What are the 4 types of supply? ›

There are five types of supply—market supply, short-term supply, long-term supply, joint supply, and composite supply.

Why are there supply chain issues right now? ›

This can be traced back to one or more of the challenges in the key supply-chain components—from raw material shortages, to manufacturing bottlenecks, to the lack of truckers to deliver goods.

What are the 4 main areas of supply chain? ›

The supply chain management process is composed of four main parts: demand management, supply management, S&OP, and product portfolio management.

Top Articles
Latest Posts
Article information

Author: Nicola Considine CPA

Last Updated: 14/06/2023

Views: 6056

Rating: 4.9 / 5 (49 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Nicola Considine CPA

Birthday: 1993-02-26

Address: 3809 Clinton Inlet, East Aleisha, UT 46318-2392

Phone: +2681424145499

Job: Government Technician

Hobby: Calligraphy, Lego building, Worldbuilding, Shooting, Bird watching, Shopping, Cooking

Introduction: My name is Nicola Considine CPA, I am a determined, witty, powerful, brainy, open, smiling, proud person who loves writing and wants to share my knowledge and understanding with you.