The Cash Flow Advantages of 3PLs as Supply Chain Orchestrators-管理科学与信息系统系|光华管理学院

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The Cash Flow Advantages of 3PLs as Supply Chain Orchestrators

时间:2017-11-06

Management Science and Information Systems' Seminar2017-12

 

Topic:The Cash Flow Advantages of 3PLs as Supply Chain Orchestrators

Speaker:Jeannette Song, The Fuqua School of Business, Duke University

Time:Thursday, November 9th, 10:00--12:00a.m

Place:Room 217, Guanghua Building 2

 

Abstract:

With an increasingly open global economy and advanced technologies, some third-party logistics providers (3PLs), such as Eternal Asia, have emerged as supply chain orchestrators, linking buyers with manufacturers worldwide. In addition to their traditional transportation services, these orchestrators provide procurement and financial assistance to buyers in the supply network, especially small and medium sized enterprises (SMEs) in developing countries. Oftentimes, the 3PLs can obtain payment delay arrangements from the financially stronger manufacturers, which in turn can be partially extended to the SME buyers, alleviating their high costs of capital. To illustrate the efficiency improvements of aforementioned practice, we use a model to explicitly capture the cash-flow dynamics in a supply chain consisting of a manufacturer, a buyer, and a 3PL firm, and explore the conditions under which this innovation benefits all parties in the supply chain so that the business model is sustainable. We characterize these conditions and show that the supply chain profit can be higher under leadership by the 3PL than by the manufacturer. The intermediary role of the 3PL is crucial, in that its benefit may vanish if the manufacturer chooses to directly grant payment delay to the buyers. We demonstrate that the benefit is more likely to occur with more buyers. We further identify the unique Nash bargaining solution for the transportation time and the payment delay grace period. (Joint work with Xiangfeng Chen and Gangshu Cai.)

 

Introduction:

宋京生教授毕业于北京师范大学数学系(学士),中国科学院应用数学所(硕士),和美国哥伦比亚大学商学院(博士)。她现任美国杜克大学富卡商学院运营管理学终身正教授,并曾任教于美国哥伦比亚大学和加州大学尔湾分校。宋教授2003年被评为中国自然科学基金委海外杰出青年。2009年被评为中国教育部长江讲座教授。2015年入选中组部千人计划。2017年当选为美国制造与服务运作管理协会院士(MSOM Fellow),美国运筹和管理科学学会院士(INFORMS Fellow)。宋教授先后担任多个世界顶级学术刊物的领域主编及编委。她曾任美国制造与服务运作管理协会主席,并获得该协会2014年的杰出服务奖。

宋教授是生产及服务管理、供应链管理领域的国际权威。研究课题包括库存和物流系统规划与设计,供应链协作激励机制,全球供应链风险管理和可持续性,供应链金融,及电子商务渠道设计等。宋教授开创性地奠定了按订单组装生产系统的理论基础,并在系统设计与优化算法上做出突破性贡献。她创立的单阶逼近法极大地提升了供应链优化的效率,同时对供应链优化的普及应用做出了杰出贡献。宋教授在国际顶级学术刊物上发表了大量论文,多次获得美国自然科学基金会研究基金奖。她曾荣获华人管理科学和系统工程协会年度会议的最佳论文一等,二等和三等奖。

宋教授一直热心于中国的教育和科研工作,经常应邀到国内大学做学术报告和访问。她是中国科学院外审专家,中国科学院数学与系统科学研究院国家重大项目组成员,清华大学经济与管理学院杰出访问教授,北京大学光华管理学院特聘教授,复旦大学杰出访问教授,上海高级金融学院特聘教授,也曾是上海交通大学安泰管理学院运营系海外系主任,同济大学及河海大学特聘教授。2017年她荣获华人管理科学和系统工程协会的杰出贡献奖。

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