Goods, Funds, and Information: Supply Chain Tactics for 2010 © Copyright 2008 United Parcel Service of America, Inc. All rights reserved. The Evolving Global Supply Chain Supplier Manufacturer Distributor Retail End User Manufacturer Supplier Retailer End User Distributor 2 The Evolving Global Supply Chain The extended global supply chain is the foundation for business competition in 2010, and it is comprised of numerous disparate elements Logistics and Distribution International Trade Management Supplier Management Multi-Modal Freight and Transportation Information Management Inventory Management Regulatory Compliance Order Management Customer Compliance Reverse Logistics Post-Sales Support 3 The Importance of Supply Chain Integration Decentralized, disconnected supply chain management produces unintended consequences. Higher costs Inefficiency/process redundancy Delays, errors and missed orders Poor customer service Slow response to demand variability Higher inventory levels Inadequate supply chain visibility Increased capital investment 4 Creating Business Advantage In good markets and bad supply chain leaders have been shown to outperform their average competitors by a factor of two to one. Total supply chain cost Percent of revenue 10 9.8% 8 6 4.2% The global supply chain directly impacts, on average, 75% of a business’ operating results. Corporations with best-in-class freight and logistics competencies benchmark operational costs that are less than half of those of their direct competitors. 4 They also manifest market cap growth 7%-26% above industry average. 2 0 Average Top quartile Sources: CFO research and benchmarking This will be an increasingly critical market advantage to possess in 2010 and beyond. 5 The Advantage of Effective Supply Chain Management Corporations with integrated best-in-class supply chain management have a distinct advantage over competitors. Total Supply-Chain Management Cost 14 Best-in-Class 13.1 Average 12 11 12.1 10.7 10.4 10 8.3 8.5 8 8 6.6 8.6 8.5 6.9 5.6 6 4.3 4 3.7 3.4 3.1 3.4 2.8 2 2 0 Computers Electronic Automotive & Medical Device, Telecom Chemicals & Equipment Industrial Diagnostics & Equipment Advance Materials Consumer Goods Semiconductors Pharmecuticals Aerospace & Defense Equipment Published with permission from The Performance Measurement Group, LLC, subsidiary of management consultants PRTM. No use or reproduction without written permission 6 Success Requires Efficiency and Effectiveness Many have focused solely on the cost side of the equation. It is equally important to build value through enhanced coverage and capabilities. Efficiency Effectiveness Pursue money-cost and time-cost improvement initiatives Enable service execution and growth: differentiate Through value-added execution The approach to achieve operational competitiveness Rationalize both agendas to create a balanced supply chain strategy 7 Focus on Supply Chain Fundamentals in 2010 In this challenging market the global supply chain must be managed to increase coverage, manage costs, and provide business continuity. Actively Manage Transportation Spend Reduce Concentrations Of Static Inventory Optimize End-to-End Distribution Network Leverage Information Management Tools Improve Net Trade Cycle Intersect Market Opportunity Contain Supply Chain Costs Reduce Capital Needs Streamline Supply Chain Processes 8 Cohesive, Sustainable Supply Chain Management Business advantage requires active holistic management of the interconnected flows of goods, funds, and information. Actively Manage Transportation Spend Reduce Concentrations Of Static Inventory Optimize End-to-End Distribution Network Intersect Market Opportunity Contain Supply Chain Costs Leverage Information Management Tools Improve Net Trade Cycle Reduce Capital Needs Streamline Supply Chain Processes 9 Information Management Creates Business Advantage Both import and export operations require focused information management to create business advantage: Denied Party Screening Harmonized Code Management Export License Management Landed Cost Calculation Trade Documents And Forms Shipment Management Shipment Visibility Trade Forms and Documents Import Compliance Filings Landed Cost Calculation Harmonized Code Management P.O. and Supplier Management 10 Compliance Management Creates Business Advantage Compared to Industry Average, Best-in-Class companies experience fewer processing errors and border delays, lower compliance costs and improved productivity Compliance Errors and Border Delays 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% 9.2% Costs and Productivity 120% 96% 100% 80% 4.6% 52% 60% 3.4% 2.2% 1.7% 40% 21% 0.7% 20% Compliance Errors Import Shipments Held Best-in-Class Export Shipments Held 5% 0% Compliance costs decreased Industry Average Best-in-Class had: • 50% fewer orders executed with compliance errors • 35% fewer import delays • Nearly 60% fewer export delays Best-in-Class Productivity increased Industry Average Best-in-Class were: • 4x more likely to have lower annual compliance costs per international shipment than the average company • Nearly 2x more likely to see productivity improvement in compliance staff Source: “Global Trade Compliance Priorities”, Aberdeen Group 11 Physical Execution is Critically Important Effective supply chain management depends on understanding and addressing four key imperatives: Product Preparation Mode Optimization Strategic Routing Leveraging Provider Strengths 12 Prepare Product Strategically Packaging – How much are you paying to ship wasted space? The consumer electronics industry has seen its products shrink, while its packaging has remained unchanged. Software packages, conversely, have decreased by over 40%. Consider alternate packaging strategies. Palletization – Shippers benefit from a well built pallet. A typical target weight for a pallet is approximately 2,000 kilos. After the first 2,000 kilos favorable economies of scale can be achieved. Shipment Consolidation – The cost advantage of effective ocean container load building has never been more pronounced. The cost differential for a 20’ vs 40’ container is narrowing. The cost advantage of an optimally laden container is substantial. 13 Mode Optimization: Understanding the Options Different modes each deliver a different balance of Effectiveness (speed and precision) and Efficiency (shipment expense and per-carton cost) Effectiveness 10x Cost Efficiency 10x Time 14 Strategic Routing: One Size Does Not Fit All Market leaders realize competitive advantage through routing aligned to the specific needs of their products. 26 28 40 Seasonal Merchandise Replenishment Merchandise Seasonal 16 Margin 7 Geography 6 High Velocity Merchandise Demand Time in Transit 5 High Margin Merchandise Basic Solutions 3 Complex Solutions Appendix E: Competitive Analysis Customer Ready Store Ready Pooler Ready DC Ready Low Service Standards High Service Standards Shelf Life 2 November 2004 RWG Draft (Confidential) 55 15 Leverage Service Provider Strengths Operational Scale Procurement research shows that doubling volume on a trade lane can decrease overall purchased transportation expense by 2% - 6%. The fastest route to achieving this scale advantage is to leverage the spend of top-tier supply chain integrator. This is particularly advantageous for smaller shippers which dramatically benefit from effective consolidation solutions, such as LCL ocean or LTL surface freight. Information Management 71% of corporations report that their primary global trade management system is ‘paper and spreadsheets’. Only 33% of average corporations currently utilize their logistics provider’s global information management systems… … versus nearly 60% of the corporations in the top five leadership positions for their industries. Source: Monitor, and UPS primary research 16 Integrated Supply Chain Example: Trade Direct A complete, integrated, multi-modal solution PICKUP / CONSOLIDATE SHIPMENTS CLEAR CUSTOMS DECONSOLIDATE SHIPMENTS FINAL DELIVERY FULL VISIBILITY: End-to-end tracking provided throughout the supply chain. Freight and individual packages are picked up and consolidated Consolidated shipment crosses the border in a single customs clearance Freight moves via LTL Packages enter UPS package delivery network Package and LTL shipments are delivered direct to multiple retail stores and/or end customers 17 Integrated Supply Chain Example: TradeAbility 18 Effective Supply Chain Management in 2010 Business advantage is created through end-to-end management of goods, funds, and information. Visibility Consolidation Export Formalities Commercial Docs Cargo Insurance Inland Transport Multi-Modal Transport Inland Transport Distribution Supplier Management Local Pick-Up Customs Clearance Deconsolidation Local Delivery Financial Solutions Visibility Compliance Solutions 19 Active Supply Chain Management Creates Advantage Effective management of end-to-end freight and ancillary functions can reduce total distribution cost by up to 5%, with the same impact on profit in many segments as a 30% increase in sales. Retail Business Improvement Through End-to-End Supply Management Reduced Stock-Outs 2%-8% improvement Lower Inventory Levels 10%-40% improvement Increased Sales 5%-20% improvement Manufacturing Business Improvement Through End-to-End Supply Mgmt Lower Inventory Levels 10%-40% improvement Faster Replenishment Cycles 12%-30% improvement Higher Sales 2%-10% improvement Better Customer Service 5%-10% improvement Sources: Benchmark analysis 20 Thank you www.ups.com © Copyright 2008 United Parcel Service of America, Inc. UPS, the UPS brandmark and the color brown are trademarks of Untied Parcel Service of America, Inc. All rights reserved.