WINSTON-SALEM, N.C., April 10 /PRNewswire-FirstCall/ -- BB&T's
SupplyChain360 management team today said it has joined the Supply Chain
Strategy and Management Forum at the University of Tennessee at Knoxville.
The think tank brings university faculty together with business
executives from companies across the country to address critical supply
chain issues affecting value and profitability.
The forum consists of two annual meetings on the University of
Tennessee campus. This year's meetings will be held April 22-24 and Nov.
4-6.
"As a company intently focused on providing integrated supply chain
management solutions to our clients, we are excited to be joining the forum
and taking part in the upcoming meeting and panel discussion," said BB&T
SupplyChain360 Senior Vice President Neal Harm.
"Because this forum brings together experts from both industry and
academia for a very thorough and robust discussion, we know we'll come away
with relevant and actionable information we can put to use right away for
our clients."
Global trade volume is expected to grow to $17.5 trillion this year, an
increase of nearly $15 trillion since 1986. Companies earning $1 billion in
annual revenue can expect to free up $10 million to $40 million a year in
working capital "with better control of their basic (international) trade
processes," according to the Aberdeen Group, a global research firm.
BB&T last month introduced BB&T SupplyChain360, an integrated financial
supply chain management service that connects buyers and suppliers around
the world, reduces cost and risk, and improves efficiency.
"We are extremely pleased to have BB&T as part of our Supply Chain
Forum," said Paul Dittmann, managing director of Demand/Supply Integrations
Forums at the University of Tennessee. "They are an outstanding company and
have developed a strong supply chain solution for their clients. We look
forward to a long relationship with BB&T."
The Supply Chain Strategy and Management Forum has 37 members in all,
including Nissan, Boeing, Lockheed Martin, GlaxoSmithKline and other
manufacturers, retailers and service providers of all sizes.
In addition to the two annual meetings, forum members also receive
discounts on other education seminars at the university, access to white
papers and reports on a members-only Web site, and other benefits.
With $132.6 billion in assets, BB&T Corp. is the nation's 14th largest
financial holding company. It operates nearly 1,500 financial centers in 11
states and Washington, D.C. More information about the company is available
at BBT.com.
SOURCE BB&T Corporation
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Related links:
http://www.bbt.com
http://www.prnewswire.com/comp/809325.html /
CONTACT:
Neal Harm, Senior Vice President, BB&T
SupplyChain360, +1-336-733-1446; Jeff Nichols, Vice President,
BB&T Corporate Communications, +1-336-733-1472
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