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Vested Outsourcing Leads to Supply Chain Efficiencies
How is logistics changing to be more flexible for changing inventory levels and client distribution and transportation needs?
 

Tim Feemster, Managing Principal, Foremost Quality Logistics
One big change that is occurring for logistics is in the area of outsourcing. Many logistics service providers and their clients will start to look at other outsourcing methodologies, such as Vested Outsourcing (see Vested Outsourcing: Five Rules that will Transform Outsourcing). Vested Outsourcing creates a collaborative relationship where both parties work together to achieve mutually agreed upon desired outcomes. An example would be where a logistics service provider, carrier, or a manufacturer is tasked with introducing new innovative practices that improve the operation, such as being more flexible in changing inventory levels, and reducing costs for their client. The client then shares a percentage of the value derived with the logistic service provider. This creates a win-win solution for both parties. Some companies are using Vested Outsourcing as a way introduce lean principals across company boundaries and to target overall waste in the supply chain.
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About the Author

Tim Feemster, Managing Principal, Foremost Quality Logistics
Over 35 years of experience have provided Tim Feemster, Managing Partner, Foremost Quality Logistics, with a variety of problem solving situations in real estate, transportation, logistics, and distribution. Tim is quoted frequently in the industry press and makes over 20 presentations a year to professional organizations. Before starting FQL Logistics, Feemster was a senior manager in three manufacturing companies, a consultant, an executive in two 3PL logistics providers, and a Practice Group leader two real estate companies. Feemster has been responsible for transportation & warehouse operations, real estate site selection, economic development strategy consulting, strategic planning, and lean quality management. Feemster holds an M.B.A. in Marketing from the Ross School of Business, University of Michigan in Ann Arbor and a B.A. in Mathematics from DePauw University in Greencastle, Indiana. Feemster is an active member in the Warehouse Education and Research Council (WERC.org), where he is Past President; Council Supply Chain Management Professionals (CSCMP.org); Industrial Asset Management Council (IAMC); Intermodal Association of North America (IANA.org), International Association of Refrigerated Warehouses (IARW), and the International Council of Shopping Centers (ICSC.org). He is also a member of the Board of Directors for the Trade Data Exchange (TDE) Corporation.

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