UT Haslam News

SCMS taking integrated business strategy notes

The Role of Integrated Business Planning in Growth Companies

Integrated business planning (IBP) is a process that can deliver efficiency and cost savings to all aspects of a supply chain. While implementing an IBP process may involve structural changes in how business and operations planning is done within an organization, the resulting improvements in supply chain operations are worth the effort.

Global shipping containers in shipyard

Global Procurement: The Risks and Benefits to the Supply Chain

The rise of global sourcing leads to new supply chain management challenges. Today, it means anticipating shortages and demand spikes before they happen.

Person working at desk with calculators and laptops

Cost Avoidance: Not Everything That Counts Is Counted

The purchasing department holds the keys to organizational spending — in some industries, it accounts for more than 80 percent of the cost of sales. Purchasing meets its metrics by cutting costs, commonly recognized as spending less for an item this year than last. But purchasing also makes a significant contribution through cost avoidance, which means making a concerted effort to pay less for something than you would have otherwise, or to avoid an expense altogether.

Headshot of Bridgette Larsen

Rising Senior Earns Trifecta of Supply Chain Scholarships

Supply chain management major Bridgette Larsen of Winchester, Virginia, recently was honored with the R. Gene Richter Scholarship, the country’s preeminent supply management academic award. She becomes the second student from the Haslam College of Business at the University of Tennessee, Knoxville, to garner the scholarship in its 17-year history. Earlier this year, Larsen