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Executive Briefing
Abstracts
The Principles of Supply Chain Leadership
Dr. Jack Muckstadt
Dr. Muckstadt reveals some of the innovative
ideas that today’s manufacturing leaders are applying
to their supply chains for competitive advantage and operational
efficiency. Learn how strategic adjustments to your manufacturing
capacity and inventory levels can maximize customer service,
while mitigating the effects of uncertainty implicit in
all supply chains. See the critical role collaboration
can play within your organization, and with customers
and suppliers, and how it can improve the responsiveness
and efficiency of your supply chain. Understand the bottom-line
financial implications of supply chain decision making.
And finally, examine how supply chain design, business
processes, and operating policies are keys to success
in today’s challenging, fast-moving business environment.
PDF
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Multi-stage Inventory Optimization
in an Advanced Planning and Scheduling (APS) Environment
Dr. Sridhar Tayur, Carnegie Mellon
University; SmartOps, Inc.
Despite substantial investments in systems
and personnel, manufacturers continue to seek solutions
to improve inventory deployment and supply replenishment
planning over time. The most fundamental questions remain
the hardest to answer: “What is the correct amount
of inventory of this product that I should keep at this
location to meet demand over time?” and “What
should my reorder quantities be over time to accomplish
a lowest net landed cost decision?” The inherent
and growing complexities of today’s supply chains
require a new optimization approach that combines the
latest advances in operations research with integrated
software design to enable rapid planning decision support
at an enterprise level. Dr. Tayur and his colleagues have
now proven that there is an optimization approach, instantiated
in the SmartOps software suite, to bring academic advancements
to real-world business applications that drive profitability
in multistage supply chains.
Sridhar Tayur, Ph.D.
Dr. Tayur has consulted for, and implemented
systems at many firms including McKinsey & Co., GE,
Intel, and Caterpillar. The Ford Distinguished Research
Chair and Professor of Operations Management and Manufacturing
at Carnegie Mellon University, Sridhar Tayur received
his Ph.D. in Engineering (ORIE) from Cornell University.
His research and teaching interests include topics in
internet-enabled supply chain management, managing product
variety, logistics, and plant management. He has developed
models and algorithms by adapting and advancing ideas
from inventory theory, stochastic processes, queuing theory,
integer programming, theoretical computer science and
algebraic geometry. Sridhar is the founder and CEO of
SmartOps, a software company in Pittsburgh, PA that provides
web-architected tools and consulting services for supply
chain tactical planning and inventory optimization. http://www.smartops.com
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The Realities of Implementing a Supply Chain System
Michael C. (Mike) Pancione, Sunoco,
Inc.
Mike Pancione is responsible for the development
and support of a new supply chain decision support system
that enables Sunoco to compete – and prosper –
in a volatile marketplace dominated by global energy giants
ExxonMobil, Royal Dutch Shell, BP/Amoco and others. The
SCOPES system spans decision-making processes from foreign
crude acquisition and trading, through marine logistics,
refining, and pipeline scheduling to distribution terminals.
Sunoco’s Philadelphia-based Supply Chain Optimization
Team uses the sophisticated SCOPES models to make hundreds
of planning and operating decisions each day, but Mike
will be the first to tell you that technology is only
a small part of the system’s success – the
people using it are far more important. Mike traces the
SCOPES project from inception through implementation to
its on-going extension and improvement, sharing some of
the valuable lessons learned – and re-learned –
in the process.
Mike Pancione
Mr. Pancione is a Manager of Information
Systems at Sunoco, Inc., in Philadelphia, PA. Over the
span of his 27 year career at Sunoco he has served in
a variety of IT capacities ranging from application support
and development to strategic technology and business planning.
He has worked in almost every aspect of Sunoco’s
business including trading, manufacturing, marketing and
back office operations. Since 1997 Mike has spearheaded
the development of a “crude-to-products” supply
chain system in Sunoco’s Refining and Supply Division.
Mike received a B.S in Mechanical Engineering from Clarkson
University and earned an M.S. in Mechanical Engineering
from the University of Pennsylvania. He also holds an
MBA in Finance from Temple University.
PDF
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For more information, please call us at 908-281-6168 fax 908-874-5353,
or email us at info@cayugapartners.com
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