Yes, companies are outsourcing commodities to increase value. Value is lowering costs and improving performance (e.g., quality, service, and flexibility). A commodity is defined as being something for which several qualified suppliers exist. Typically, buying organizations will use several rounds of the competitive bidding process to pick a low cost supplier. Buying organizations will send...
Supply Chain Students: Learn to talk to CFOs during your career! I could not help myself & asked chatGPT- Why do so many c-suite executives have graduate degrees in Finance? Answer: see comments. Join faculty & program leaders to learn about the WMU M.S. in Finance program. Various info sessions are offered in a HyFlex format. See options at:Sime Curkovic
From a student today: “Hey, sorry that I was a little late on my HW. My inbox is flooded with emails, and I didn’t see this. My apologies.” Note, never tell your boss this, especially if you shut down an OEM customer that will charge you $22K/minute. HEY College Students: Do not begin an email message with “Hey” & always finish it with “Thank you.” Most college students do the bulk of their electronic communication via text messaging. Standards for emailing are different, especially in academic settings. Students’ emails WILL 100% influence the way their professors view them.Sime Curkovic
AI will have a great impact on SCM. However, one thing often not mentioned is the attitude of hiring managers, as many do not have a full understanding of the AI skill sets of graduating students. Our SCM students told us many times that their hiring managers valued only the traditional Excel capabilities (lookup functions, pivot tables, etc. – that is NOT AI), & they greatly overlooked the opportunities from other analytical solutions (skill sets that our students have).Sime Curkovic