SEVENTH ANNUAL BCTIM INDUSTRY CONFERENCE“SUPPLY CHAINS: DISRUPTED”

WELCOME!!!

Panos KouvelisDirector - Boeing Center for Technology, Information and ManufacturingEmerson Distinguished Prof. of Operations and Supply Chain Management

The Boeing Center at Washington University: Supply Chain Management Research Center

• BCTIM is a global supply chain, process excellence and risk management research center at Washington University’s Olin Business School

• It fosters interaction between industry and academia on issues relating to technology, IT, process improvement, supply chain management and enterprise risk and their impact on the management of a firm’s operations and those of its supply chain partners.

• Current board member companies include: AB InBev, Belden, The Boeing Co., Edward Jones, Emerson, Monsanto, MSCI, Sun Edison, Sigma-Aldrich, Express Scripts

• Continue to work with past member companies: Renesas Electronics, APL Logistics, Eaton Aerospace, KLX Aerospace, BJC Healthcare, Solutia, Bunge, Vi-Jon, Covidien, Brown Shoe/Caleres, Cotton Babies

Examples of BCTIM Industry Research Projects

Operational Excellence Seminar Series

Leading Industry Seminar Series Fully Supported by BCTIM

Operational Excellence Seminar Series(OESs) mission is to diffuse operational excellence practices through a portfolio of activities: well-coordinated speaker series addressing strategic themes, in-depth workshops and roundtables, and corporate visits of exemplary firms. OESs is an innovative, grassroots enterprise that enhances the corporate growth of our region with tremendous learning and networking benefits for all of its engaged members.

Past OEA Seminar Series:

Operational Excellence Seminar Series

• Shaker Sadasivam- President & CEO, Sun Edison SEMICONDUCTOR (April 2015)• JoAnne Levy- Vice President, Integrated Solutions, ROi (February 2015)• Dan Friedman- Division President of Global Sourcing & Supply Chain, Caleres (January 2015)• John Stroup- Chief Executive Officer & President – Belden (October 2014)• Carlton Adams – Senior Vice President, Global Management – Peabody Energy- Life Empowered: Supply Chain Management at

Peabody Energy (January 2014)• Steve Wagner- Senior Vice President, Global Supply Chain and Operations-B/E Aerospace- Part Home Analysis (February

2014)• Dan Key- Vice President and Supply Chain Officer- Sigma-Aldrich (May 2014)• Panos Kouvelis- Professor, Washington U.- “Long Term Operational Excellence for Competitive Advantage” (September 2013)• Steve Wagner - Vice President, Supply Chain – Eaton Aerospace - Deployment of Standard Material Replenishment and SIOP

at Eaton (January 2012)• Sergio Chayet – Professor, Washington U.- “Critical Chain" as State-of-the-Art Project Management Practice (February 2012)• Brad Beuc, VP Global Sourcing, Emerson - Demand Driven Supply Chain: Business Success Through Improvements In Cost,

Speed, and Flexibility (April 2012)• John Stroup – President & CEO, Belden Inc. - Lean Enterprise (Jan. 2011)• John Haugh - President and Chief Marketing and Merchandising Build-a-Bear - How BABW drives success through vision and

operational alignment (March 2011)• Tim Williams - Chief Operations Officer – Vi-Jon (April 2011)• Greg Stubblefield - EVP, Chief Strategy Officer Enterprise Holdings - The integration of Enterprise and Alamo (May 2011)• James Kavanaugh - Co-Founder and CEO World Wide Technology Holding Co., Inc. - Growth and Innovation (Feb. 2010)• Aaron Oelger – Vice President of Marketing Midway USA – Continuous Improvement (May 2010)• Dr. Jeffrey Bonner – CEO and President of the Saint Louis Zoo - Sustaining Conservation, Revenue & Growth (June 2010)

BCTIM Update: Forthcoming Operational Excellence Seminars

October 28th 2015 – Operational Excellence Seminar Series with Ray Keefe, President of Lean Enterprises Strategies, LLC

November 17th 2015 – Operational Excellence Seminar Series with Paul McCann, Supply Chain Global Production Lead at Monsanto

December 9th 2015 – Operational Excellence Seminar Series with Vickie Dawkins, Vice President of Global Supply Chain at Emerson.

Research SeminarsResearch Seminars, 2014 – 15

•“Operational Financial Covenants.” presented by Nikolas Trichakis (Harvard Business School) •“Capacity Management in Agricultural Commodity Processing and Application in the Palm Industry.” presented by Onur Boyabatli (Lee Kong Chian School of Business, Singapore Management University) •“Dynamic Management of Loyalty Programs.” presented by Dan Andrei Iancu (Stanford) •“Dynamic Matching in a Two-Sided Market.” presented by Ming Hu (Rotman, Univ. of Toronto) •“The Benefit of Introducing Variability in Single-Server Queues with Application to Quality Based Domains.” presented by Alan Scheller-Wolf (Tepper, Carnegie Mellon)

Research Seminars, 2013 – 14

•“Mechanisms for Increasing Locally Sourced Fresh Produce.” presented by Deishin Lee (Carroll School of Management, Boston College) •“Financial Hedging & Inventory Policies under Correlated Price & Demand.” presented by Ankur Goel (Weatherhead School of Management, Case Western Reserve University) •“Dynamic Pricing in the Presence of Social Learning & Strategic Consumers.” presented by Nicos Savva (London Business School) •“Supply & Demand Functions in Inventory Models.” presented by J. George Shanthikumar (Purdue University)  

BCTIM Update: Forthcoming Research SeminarsOctober 19th 2015 – Research Seminar with Vera Tilson, Assistant Professor of

Operations Management, University of Rochester

November 16th 2015 – Research Seminar with Shi Chen, Assistant Professor of Operations Management, University of Washington

December 2nd, 2015 – Global Supply Chain Benchmark Conference at Georgetown University.

December 8th 2015 – Research Seminar with Gad Allon, Professor of Operations Management, Northwestern University

BCTIM ResearchContributions from leading academics and researchers provide an action-based

framework that captures real issues, implementation challenges, and concepts emerging from industry studies. The handbook is divided into five parts:

• Foundations and Overview introduces risk management and discusses the impact of supply chain disruptions on corporate performance

• Integrated Risk Management: Operations and Finance Interface explores the joint use of operational and financial hedging of commodity price uncertainties

• Supply Chain Finance discusses financing alternatives and the role of financial services in procurement contracts; inventory management and capital structure; and bank financing of inventories

• Operational Risk Management Strategies outlines supply risks and challenges in decentralized supply chains, such as competition and misalignment of incentives between buyers and suppliers

• Industrial Applications presents examples and case studies that showcase the discussed methodologies

Each topic's presentation includes an introduction, key theories, formulas, and applications. Discussions conclude with a summary of the main concepts, a real-world example, and professional insights into common challenges and best practices.

Panos Kouvelis’ and BCTIM research fellows recently published research:

GLOBAL SOURCING PRACTICES

Joint project on “Global Supply Chain Benchmark Study: An Analysis of Sourcing and Restructuring Decisions” (BCTIM as part of a Research Consortium that includes among others Wharton, Georgetown, and Stanford)

OPERATIONAL FLEXIBILITY

“The Value of Operational Flexibility in the Presence of Input and Output Uncertainties with Oil Refining Applications,” Management Science, 2015

HEDGING COMMODITY PRICES

“Hedging Commodity Procurement in a Bilateral Supply Chain,” Manuf & Serv Operations Management, 2015

SUPPLY CHAINS

“Supply Chain Contract Design Under Financial Constraints and Bankruptcy Costs,” Management Science, 2015

“PBM Competition in Pharmaceutical Supply Chain: Formulary Design and Drug Pricing. Manuf Serv Oper Manage, 2015

Recent Publications

Supply Chain Management Certificate

Master of Science in Supply Chain Management

• The MS-SCM curriculum can be pursued on a full time or part-time basis by students and working professionals in the St. Louis area.

• Part-time students can matriculate in the fall or spring semester.• The program includes 36 hours of graduate course credit.• The MS-SCM Program at Olin equips our students to stand out in this growing

and critically important career field• BCTIM projects serve as an experiential platform for all such students• 100% placement success rate of all program graduates.

• Obtain additional information from the information table or contact Nikki Lemley, Associate Director of Specialized Masters Programs Admissions

(314)935-8469 or nlemley@wustl.eduOur office is located in Knight Hall, Room 310.

Annual Industry Conference

June 2009 – “Supply Chain Challenges and Strategies in the Midst of

Economic Turbulence”

August 2010 – “Managing Complexity in Supply Chains – The New Imperative”

September 2011 – “Active Demand Management in Agile Supply Chains”

May 2012 - “Trends in the Global Economy Effecting the Supply Chain”

August 2013 - “Supply Chain Management in the Big Data Era”

September 2014 - “Operational Innovation for Competitive Success”

October 2015 - “Supply Chains: Disrupted”

BCTIM Update Continued

Conference Agenda