Category: Customer Content

https://www.youtube.com/watch?v=ZisC97bsNZY&t=168s A common practice in industry is for large manufacturing firms to buy and take ownership of the tooling that a supplier uses to make high volume parts.True or False. True.  There are a few reasons for this practice.  One, the tooling and equipment associated with making high volume parts is too expensive for many suppliers.  For example, the mold used to make a plastic part on the interior of...

Note:  It might come across in the video lecture that I am not pro-sustainability.  Nothing could be further from the truth.  Half my research has promoted sustainability.  In the video, I simply try to stay objective and sometimes I have to play the antagonist to do so.  Millennials and Generation Z will be the first generations willing to pay more for sustainable products, (72 percent already do or say they...

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...

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...

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...

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/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,...

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...

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...

Top Universities for Supply Chain Technology Education in 2017 (WMU ranked #2, UM #7, MSU #12) I do wish more of our students understood how highly ranked our ISM program was.  I also wish students did more to promote and market the rankings.  For example, could the below be built into your E-mail signature, resume, LinkedIn profile, etc.?... "WMU Integrated Supply Management (ISM)...Nation's best undergraduate SCM program (Gartner); 2nd in...