Day: September 29, 2023

Subject: Read: This could change the world forever (and it is from WMU, not MIT, so stop wearing MIT shirts on campus). Students: We might have time to talk about potential "disruptive" technologies in class such as 3D printing, the hydrogen powered fuel cell, the Internet of Things, the Cloud, RFID/Smart tags rather than bar code labeling, electronic reverse auctioning, blockchain, artificial intelligence, machine learning, robotic process automation, autonomous vehicles, electric vehicles,...

Students: LOCAL VS. NATIONAL VS. INTERNATIONAL SOURCES? This information will be very useful in your MKGT 3720 class (Purchasing).  You will notice a lot of these emails and handouts can be used in other SCM classes (so save it).  Pick up on the trends and generalizations being made.  Employers expect you to have a pulse on what is going on out there.  Thank you.  Sime___Most buyers prefer to patronize local...

Students:    https://www.youtube.com/watch?v=HHnEYcIYR3o&t=812s https://www.youtube.com/watch?v=RO4RLGskpBM&t=733s https://www.youtube.com/watch?v=q3phYBaiRn4&t=525s https://www.youtube.com/watch?v=6NsmpiJ-Vxg&t=147s https://www.youtube.com/watch?v=-Gt71HxWvl4&t=249s https://www.youtube.com/watch?v=m4gdWY8IUaA&t=287s https://www.youtube.com/watch?v=m4gdWY8IUaA&t=287s https://www.youtube.com/watch?v=8VGgeYsNb44&feature=youtu.be https://www.youtube.com/watch?v=MrBN_T9ogao&t=424s https://www.youtube.com/watch?v=Ay2orDXjP8o&t=8s https://www.youtube.com/watch?v=T5SD4ugLMks&t=107s https://www.youtube.com/watch?v=0TAqu5IUcv8&t=62s https://www.youtube.com/watch?v=ZisC97bsNZY&t=46s https://www.youtube.com/watch?v=EePQkl7Lwws&t=268s https://www.youtube.com/watch?v=i7tg_ebiIzw&t=1254s https://www.youtube.com/watch?v=n879P75eSUs&t=793s https://www.youtube.com/watch?v=8Avyihs_oBo&t=2174s https://www.youtube.com/watch?v=sRl2O5YI2h8 https://www.youtube.com/watch?v=LFD1R0De_zQ&t=791s https://www.youtube.com/watch?v=WSt8nnLn8Kc&t=150s https://www.youtube.com/watch?v=R1orKbGDEbM&t=113s https://www.youtube.com/watch?v=S9cyD9ydG3w&t=1185s https://www.youtube.com/watch?v=shO_ItxFGpE&t=1634s ___  Assume a supplier estimates the following costs on an RFQ (Request for Quote - buyer wants supplier to quote on some potential business):Potential supplier says to you (you are the buyer/potential customer):Costs of Direct Materials $12,000Cost of Direct Labor $3,000Cost of Overhead $4,500Total Costs $19,500Profit...

Subject: Do you know what this means? 2/10 net 30 (now employers want you to be Financiers!!??)Students (this should/might look familiar to you): Read:  Do you know what this means?  2/10 net 30 (now employers want you to be Finaciers!!??)  The good news is that they will pay more for more strategic skills... Here is my lecture to reinforce all of this...https://www.youtube.com/watch?v=sRl2O5YI2h8A Purchase Order is a contract between a buyer and...

Pasted below are sample stories about the previous supply chain internship experiences of former WMU students.  Pasted below each one is the moral of the story (i.e., the sourcing strategy).  Reading these will help you prepare for the short answer questions on your exam.  Lock in on the "From Sime:" parts.  Thank you.  Sime  _  Student #1:  Last summer, I was a sourcing “analytics” intern at FirmA and the main part of my...

Michigan has been ranked as the no. 1 state for fastest FDI jobs growth and Michigan is ranked at no. 3 for the largest concentration of FDI manufacturing jobs. In addition, Michigan came in at no. 7 for most overall FDI jobs and tied for no. 3 largest concentration of FDI workforce.  Around half of my college buddies work for non-American companies in Michigan. What Is a Foreign Direct Investment (FDI)? From Sime: ...