Month: April 2021

The New Economy and Supply Chain Management in a Global Market

The New Economy and Supply Chain Management in a Global Market

Note, I hear from managers over and over about how clueless college students are on the world and global economy.  I wonder how much they knew about the world around them when they were in college though.  People turn into judgmental hypocrites when they get older.  During my college years, there was a civil war going on in my homeland of Croatia and the U.S. invaded Iraq (Desert Storm).  I...
Multinational Management 101 and Supply Chain Management

Multinational Management 101 and Supply Chain Management

https://www.youtube.com/watch?v=tW-hJVp8jjM&t=24s The Basics of International Business & Multinational Management 101 & Supply Chain Management - YouTubeEnjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.www.youtube.com MULTINATIONAL MANAGEMENT 101   THE NEW ECONOMY AND SUPPLY CHAIN MANAGEMENT   When one considers our world from such a compressed perspective, the need for acceptance, understanding, and education becomes glaringly apparent.   Let’s put things...
Do you understand exchange rates and how it impacts SCM?

Do you understand exchange rates and how it impacts SCM?

I would either begin and/or end with this video: https://www.youtube.com/watch?v=0BJPXcW5kNo&t=856s Let’s say you just graduated from a SCM program.  You have accepted a job offer from Boeing as an Assistant Buyer.  The job takes you to Seattle, Washington.  You will help Boeing identify suppliers to help meet its material needs.  You must immediately find a supplier which can supply Boeing with electrical wiring harnesses.  You find a supplier in Japan...
Are you ready for all the acronyms in your field?

Are you ready for all the acronyms in your field?

ISO 14000, ISO 9000 , SA 8000, TS/IATF 16949, FACTOR PRICE EQUALIZATION, C-TPAT, SOX, GDPR, etc.... https://www.youtube.com/watch?v=VIq942Y7Z04&t=434s https://www.youtube.com/watch?v=9XjrY0MjV64&t=1039s Here is a great read on supplier quality assurance, click Here is a paper that I wrote a while back on ISO 9000, click FACTOR-PRICE EQUALIZATION THESE DAYS WILL RETURN...In fact, it is happening right now.  The manufacturing jobs are coming back to America (reshoring).  Why?  Read below. THE 1990S AND 2000s...
The 3PL/4PL Industry is the Land of Opportunity

The 3PL/4PL Industry is the Land of Opportunity

https://www.youtube.com/watch?v=EePQkl7Lwws I usually have guest speakers from JB Hunt & Lineage Logistics come into class...Great jobs, great companies.With truck drivers collectively racking up 93 billion highway miles in the U.S. every year, 40% of the trips are made with empty trailers.  40%?!!!! The market is mostly made up of small trucking companies, with 91% of companies having six trucks or fewer.  91%?!!! "Convoy", which ranked No. 11 on CNBC’s 2019 Disruptor...
Do you want a full time job to begin in a job rotation?

Do you want a full time job to begin in a job rotation?

The first video was put together by an ISM grad.  She asked to help out.  Just another example of great alumni trying to give back.   https://www.youtube.com/watch?v=Bu4LP_2Vm3E Feel free to connect with her on LinkedIn to say thank you.https://www.linkedin.com/in/shannon-karels-00a7782/Notice her reference at the beginning to her first full time job and a job rotation.Do you want a full time job to begin in a job rotation (watch below from me)?... https://www.youtube.com/watch?v=6NsmpiJ-Vxg&t=26s...
Your future boss will read stuff like this & it happens monthly: The ISM PMI MFG Index

Your future boss will read stuff like this & it happens monthly: The ISM PMI MFG Index

https://www.youtube.com/watch?v=vWFpgb9h658&t=7s What is the ISM Manufacturing Index? What is the PMI? What is the ISM MFG Index? Supply Chain 101https://wmich.edu/supplychain/academics/lectures Note: make sure you understand how to interpret the ISM MFG index (also called the PMI – Purchasing Managers’ Index). For example, if it is above 50, what does that mean? If it is below 50, what does that mean? Pay attention to the section that reads: (Tempe, Arizona) —...
I have had several students ask me about Industry 4.0 or Supply Chain 4.0 or Digitization of the Supply Chain

I have had several students ask me about Industry 4.0 or Supply Chain 4.0 or Digitization of the Supply Chain

I have had several students ask me about Industry 4.0/Supply Chain 4.0/Digitization of the Supply Chain.  Most students simply want to know what it means and how it will impact their majors.  Please first watch: https://www.youtube.com/watch?v=Jkn71KMqNwM Notice in the video that I repeatedly said a huge part of Industry 4.0 will be taking all the "manual" processes that exist and "automating" them using "technology" so that they get done better, faster,...
The Covid Job Market for College Grads

The Covid Job Market for College Grads

https://www.youtube.com/watch?v=-KEbg2FTat4&t=1s The Covid Job Market for College Grads. Business majors & supply chain degrees during covid, 2021 + - YouTubeThe Covid Job Market for College Grads. Business majors & supply chain degrees during covid, 2021 +www.youtube.com We are in a V shaped recovery it appears.The 916,000 jobs gained in March exceeded economists’ predictions and nearly doubled the gains seen in February, bringing the unemployment rate down to 6%. However, the economy...
Negotiating a job offer

Negotiating a job offer

Please watch this video on negotiating a job offer (i.e., your starting salary)... https://www.youtube.com/watch?v=zDWwq2mKY0I&t=67s From a former student several years ago regarding a job offer he received... ...They first offered him $48,600 and he negotiated it up to $52K.  That is a 9% bump!  Many people have to work a few years to get a bump like that.  Your first promotion might only be a 15-20% bump and that could take...