Dr. James A. Tompkins, founder and CEO of a global supply chain consulting firm that has worked with hundreds of companies worldwide, will share facts about globalization and advice for students gleaned over three decades at the helm of his company during a Feb. 24 talk in the LaRose Digital Theatre.
Tompkins is CEO and president of Tompkins Associates. He has had extensive consulting experience in both the fields of logistics and supply chain, and he has published or contributed to more than 25 books. Tompkins is also credited to more than 500 published articles.
“Global Supply Chain Issues”
WHEN: Tuesday, February 24
TIME: 4:30 p.m.
WHERE: LaRose Digital Theatre in the Koury Business Center
COST: The event is free and open to the community
The backlash is evident – people who once believed the world was flat are becoming skeptics, blaming globalization for the sweeping changes to our economic landscape and all of the associated controversy that comes with change.
Tompkins argues that globalization is neither negative nor positive and is simply a reality that must be faced. Its market is available to both large and small companies alike, especially within North America, Europe and Asia.
Business leaders looking to execute a successful global strategy must explore the facts about globalization, from questions on costs, quality of goods, and everything involved in the Buy-Make-Move-Store-Sell processes of the global supply chain.
The realities of today’s global supply chain include issues such as:
· Creating a buying strategy that ensures quality, low cost, speed-to-market, consistency and safety
· Competing with the trend of outsourcing manufacturing to low-cost countries
· Dealing with fluctuations in global fuel costs and the impact on 3rd party and direct shipping
· Understanding buyer-supplier relationships and the dismal cultural misinterpretations and miscommunication between West and East
· Improving the global supply chain by benchmarking processes against the best practices in the industry
The future success of most companies lies within their ability to step up to global supply chain challenges and transform their supply chain to become the best-in-class.