The purpose of this paper is to describe miscommunication about the ubiquitous term “supply chain visibility” (SCV), to propose a precise definition for it and identify its salient characteristics.
A literature search was conducted to describe the widespread use of the term SCV and the miscommunication that occurs surrounding its use. The proposed definition and the salient characteristics of SCV are original conceptual contributions.
The study finds that the term SCV is widely used in the supply chain management and logistics communities Many vendors, third party logistics providers, transportation and other companies profess to have or provide it, yet SCV remains one of the top issues consistently mentioned in surveys of supply chain management professionals. This occurs in part because of the confusion surrounding its meaning.
Usage of the term SCV is ubiquitous and a complete review of all sources is not possible, revealing over 348,000 sources from internet and academic database searches. Only selected, key results are from these sources are reported. The proposed definition for and characterization of SCV are the author's conceptual contributions, open to discussion and debate.
A precise definition of SCV along with its important attributes helps to promote consistent understanding, interpretation and to clarify communications, especially between vendors and logistics service providers.
The proposed definition is new, as well as the discussion of its important attributes and implications.
To develop, test and implement a sampling strategy for equipment auditing for a Fortune 100 company.
Regression analysis is applied to auditing of equipment for a large US corporation. Empirical data and test data sets are used to evaluate the efficacy of using regression for auditing and to determine reasonable and efficient sample sizes to be employed across more than 5,000 locations.
Regression is a viable and useful method for equipment auditing when there is anticipated high correlation between pre‐ and post‐audit equipment value. Recommended sample size is dependent upon the size of the location as measured by total pieces of equipment. Decision rules combining acceptable tolerance limits, desired confidence level and sample size are provided.
The method, recommended sample sizes and decision rules are particularly applicable to instances where high correlation is expected between pre‐ and post‐audit equipment values. Standard regression assumptions are not all met in all instances, especially with small sample sizes.
The regression approach and model, sample size recommendations and decision rules for passing or failing an equipment audit described herein have been implemented at a Fortune 100 company, and are generally applicable to equipment and inventory auditing when high correlation between pre‐ and post‐audit equipment is expected.
This paper provides a practical and useful regression‐based approach to sampling for equipment auditing. Recommended sample sizes and decision rules for passing or failing the audit are explicitly defined.
Chester Whitney Wright (1879–1966) received his A.B. in 1901, A.M. in 1902 and Ph.D. in 1906, all from Harvard University. After teaching at Cornell University during…
Chester Whitney Wright (1879–1966) received his A.B. in 1901, A.M. in 1902 and Ph.D. in 1906, all from Harvard University. After teaching at Cornell University during 1906–1907, he taught at the University of Chicago from 1907 to 1944. Wright was the author of Economic History of the United States (1941, 1949); editor of Economic Problems of War and Its Aftermath (1942), to which he contributed a chapter on economic lessons from previous wars, and other chapters were authored by John U. Nef (war and the early industrial revolution) and by Frank H. Knight (the war and the crisis of individualism); and co-editor of Materials for the Study of Elementary Economics (1913). Wright’s Wool-Growing and the Tariff received the David Ames Wells Prize for 1907–1908, and was volume 5 in the Harvard Economic Studies. I am indebted to Holly Flynn for assistance in preparing Wright’s biography and in tracking down incomplete references; to Marianne Johnson in preparing many tables and charts; and to F. Taylor Ostrander, as usual, for help in transcribing and proofreading.
Dr. Vernon receives the Whitney award. Before leaving America to attend the symposium of the Corrosion Group of the Society of Chemical Industry, held in London from March 30 to April 1, F. L. La Que, vice‐president and manager of the Development and Research Division of the International Nickel Co. Inc., was charged with the special task of conveying this year's Whitney Award to Dr. W. H. J. Vernon, O.B.E. Dr. Vernon recently retired from his post as head of the corrosion section of the Chemical Research Laboratory of the D.S.I.R., Teddington.
THE ORGANISING COMMITTEE of the British Library was set up in June 1971 following the acceptance in April 1970 by the government of the recommendations of the Dainton…
THE ORGANISING COMMITTEE of the British Library was set up in June 1971 following the acceptance in April 1970 by the government of the recommendations of the Dainton Report on the national libraries and the consequent White Paper (Cmnd 4572) in January 1971. The committee is to plan the organisation of the library and develop and co‐ordinate its policy, and is clearly of the greatest importance, not only to the national libraries but to all libraries through the bibliographic and research services the British Library will undertake. What do we know of the work of this committee, which has now been in existence for a year?
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination…
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.