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Six surprising college college students interested in procurement, supply management or supply chain administration are actually one step closer to their dream careers.
today, the Institute for supply management, the leading now not-for-income, unbiased resource for the give administration profession, announced the winners of this yr’s R. Gene Richter Scholarships, awarded jointly with the R. Gene and Nancy D. Richter groundwork. every pupil is receiving a $10,000 award ($5,000 for December graduates) to observe toward their senior-12 months tuition in 2018-2019. ISM made the announcement at its annual global convention, ISM 2018, held in Nashville from may 6-9. Winners include:
· supply Edwards, Howard tuition
· Taylor Harris, Arizona State institution
· Justin Hyrb, Duquesne school
· Sarah Jonckheere, Michigan State school
· Abrah Meyer, Iowa State university
· Matt Rowley, college of Minnesota
“we're blissful to welcome these college students to our provide administration group, and to provide tutorial, mentoring and networking alternatives to quickly-song their careers. every of them has verified the talents to add value to the supply management occupation, and we may be excited to track their progress within the years forward,” stated Tom Derry, CEO of ISM.
all the Richter students have been invited to attend ISM 2018, the leading global convention for the give management profession, which is attracting 3,000 individuals this year. they are also now enrolled in a special mentoring program, pairing them with both an executive and a previous scholarship winner. Their mentors escorted them to a Richter Awards Presentation Dinner on may additionally 7, the place they have been the visitors of honor.
moreover, one year after graduation (may additionally 2020) and following completion of actual-world event, they will have the opportunity to take part in an invite handiest ExecIn: executive application for the govt management of the career held concurrently with the ISM Annual conference.
The R. Gene Richter Scholarship software become centered and named in reminiscence of R. Gene Richter, who was a galvanizing drive in the container of procurement. Richter become admired for elevating the career to world-classification stature. He led the give organizations on the Black & Decker organisation, Hewlett-Packard and overseas company Machines (IBM). For more information on the R. Gene Richter Scholarship software, discuss with http://www.instituteforsupplymanagement.org/Richter or www.richterfoundation.org.may also 10, 2018
KALAMAZOO, Mich.—Two integrated give management college students from Western Michigan college's Haworth school of business are among six students from across the country selected to receive a coveted nationwide company scholarship awarded by the Richter groundwork and the Institute for supply management's Richter Scholarship Fund.
pleasure Goldschmidt of Troy and John Hayward of Portage have every obtained a $10,000 award from the foundation and will be paired with dependent executives and former Richter scholars who will function mentors.
The Richter Scholarship program is the largest national scholarship program in the box of give administration. It identifies future supply chain management leaders and helps quick-music these college students into the box. The 2019 Richter scholars can be honored at a dinner on the ISM Annual overseas deliver administration convention, held this year April 7 to 10, in Houston, Texas.
"we're happy with this well-deserved consciousness of joy and John," says Dr. Zac Williams, director of the middle for built-in deliver administration and associate professor of advertising and marketing. "These two characterize the excellence the ISM program strives for, and we are extremely proud of their accomplishments. as the ISM application continues to adapt, cognizance like the Richter scholarship continues to validate WMU as a leader in supply chain training. in the very aggressive provide chain education space, our students do very well."Goldschmidt
Goldschmidt is a junior, majoring in built-in give administration and minoring in international business and company analytics. She is lively on campus as the vp of APICS, a member of the Alpha Lambda Delta Honor Society, a Haworth faculty of enterprise ambassador, and a enterprise analytics tutor. in the fall of 2017, she attended the Swinburne tuition of technology in Melbourne, Australia, collaborating in a semester-lengthy examine overseas trade program.
The past two years, Goldschmidt has achieved a procuring co-op at MANN+HUMMEL, a client logistics internship at Bayer, and a continual improvement co-op at Stryker. She became also a finalist in the college’s Trailblazer pupil consciousness application in 2018 and has been on the dean's checklist throughout her faculty career. In November of 2018, she introduced on the ISM oblique/features convention in Las Vegas after receiving the ISM capabilities Case competition Scholarship. This summer time, she will take part within the Thailand study abroad application during the Haworth school of enterprise and work at Johnson & Johnson as a supply chain intern.
"after I acquired the information that I had received the scholarship, i was so overwhelmed that I made my friend study the electronic mail for me as a result of I could not consider it," says Goldschmidt. “Being a part of the Richter scholarship program opens up so many alternatives for my professional and private construction. i am anticipating the networking and mentorship that this software offers."
Goldschmidt's dedication to her career is something that has at all times impressed Dr. Bret Wagner, affiliate professor of give chain.
"joy is extraordinarily difficult-working and has been concentrated on her training and career due to the fact that her first days at WMU," he says. "pleasure indicates what can ensue when a scholar steps as much as the problem and takes skills of the many opportunities that the integrated deliver management application offers. Her future knowledge is unlimited, and i seem ahead to gazing her success."Hayward
Hayward is a junior, majoring in built-in deliver administration with minors in accountancy and company analytics. He serves on the WMU APICS leadership crew as adventure director. via APICS, Hayward has attended quite a few business excursions, networking hobbies, and case competitions, together with main the WMU team to a first region finish at the 2018 frequent Motors/Wayne State tuition deliver Chain Case competition. he's also a mentor in the APICS mentorship application, helping first-year and sophomore give chain students leverage the materials attainable to them on the Haworth school of enterprise.
throughout his first three years at WMU, Hayward labored full-time at Pfizer international give in Portage in a variety of roles inside manufacturing and logistics. at the moment, he works as a procurement intern at Marathon Petroleum supplier at their corporate headquarters in Findlay, Ohio. This summer time, he will flow to Detroit and work as a give chain intern at standard Motors.
"after I noticed that I obtained an email from the CEO for the Institute for give management, i was overcome with excitement," says Hayward. "This scholarship represents greater than just me; it's a end result of the efforts of many people at WMU and mentors I even have had over the years. for those who encompass your self with a profitable group of fellow workers, mentors, professors, friends and family, your desires start to become reality. I seem ahead to meeting the high-quality americans from the Richter foundation, the Institute for provide administration, and former Richter Scholarship winners. I want to say a unique thank you to the americans who've cast me into the person i'm nowadays, including my family, professors, colleagues at Pfizer and many others."
Hayward's ability set and his center of attention on the americans around him stands out to Dr. Sime Curkovic, professor of deliver chain.
"John confirmed the judges the integrated deliver management fundamental covers greater ability sets than every other software within the country, and since of that, he is already job-able," he says. "we are past pleased with John. he is one of the most proper leaders in the program and is a inspired, dedicated student who is additionally at all times willing to help his classmates. He brings out the most reliable in others."concerning the ISM application
WMU's built-in provide administration software has been diagnosed nationally by a couple of corporations and publications as a exact give chain application, together with a No. 2 rating through SCM World and a No. 8 ranking with the aid of Gartner. each 12 months, approximately 100 college students graduate from the WMU ISM application with virtually all finding positions within the profession. ISM college students earn one of the vital optimum salaries amongst company college students, with good college students beginning at more than $70,000. learn more in regards to the program.
For extra WMU information, arts and events, consult with WMU information on-line.
give chain management is a growing box and a lovely profession, as a fresh survey from the affiliation for give Chain administration (APICS) discovered that 96 % of these surveyed had been extremely satisfied with their profession in SCM, with general score of eight.4 out of 10. The survey also found that it can pay to get licensed. SCM professionals with as a minimum one certification receives a commission on usual 19 % greater than people who aren’t licensed, and people with two or three certifications earn salaries which are 39 percent and 50 % larger than the median, respectively.
no matter if you’re already making a profession in deliver chain administration, or wish to ruin into the field, listed below are eight supply chain management certifications that can round out your resume and provides you a leg up against the competitors.
The affiliation for provide Chain administration (APICS) offers three certifications to exhibit your SCM competencies. To be eligible to take the CSCP examination, you’ll want three years linked adventure or a bachelor’s diploma or foreign equivalent. To retain the certification, you’ll need to earn a complete of seventy five expert construction features each five years. if your certification isn’t maintained within 5 years, it'll expire before the ten-yr mark and you'll be required to retake the examination. For each year that your certification is suspended, you’ll deserve to submit an additional 15 expert building facets.
exam payment: $695 for Plus individuals, $965 for Core and non-contributors
Retake price: $450
Renewal price: $75 for participants, $a hundred and fifty for non-individuals
Expiration: 10 yearsAPICS licensed in creation and inventory administration (CPIM)
You’ll deserve to circulate two exams inside three years to earn your creation and inventory administration (CPIM) certification from APICS, and you’ll need to hold your certification each five years by using completing seventy five expert building facets. When in view that the charge, bear in mind that you simply’ll should pay the price for each assessments — the fee most effective applies to 1 examination at a time. like the CSCP certification, you’ll need to submit an additional 15 aspects for every year your certification is suspended in case you let it lapse.
exam payment: $495 per exam for Plus contributors, $690 per exam for Core and non-individuals
Retake charge: $250
Renewal payment: $seventy five for individuals, $a hundred and fifty for non-members
Expiration: 10 yearsAPICS give Chain Operations Reference (SCOR-P) Endorsement
The SCOR-P endorsement from APICS validates your skills within the give Chain Operations Reference (SCOR) model and strategies. The SCOR mannequin is a give chain method that helps link SCM to business desires, metrics, processes and different interior departments and stakeholders. The examination is included in the path, which greatly covers the SCOR model to support you apply it to actual-lifestyles supply chain complications, assist organizational dreams, enhance efficiency, organize SCOR initiatives and enforce strategies.
examination payment: The examination is protected in the route price, which varies per application
Retake payment: $350
Renewal fee: N/A
Expiration: N/AISM licensed knowledgeable in give administration (CPSM)
The Institute for give administration (ISM) offers knowledgeable in deliver administration (CPSM) certification that validates your capabilities on provide management capabilities across a number of industries. circulate three exams that you should absorb any order — to qualify, you’ll want three years of full-time SCM event able that isn’t clerical or guide. To keep and renew your certification after four years, you’ll should earn 60 hours of accredited continuing schooling credit. in case you already handed ISM’s CPSD certification (see under), you're going to not need to take the foundation examination for the CPSM certification, considering the fact that it’s blanketed in each. in case you aren’t already a member, the charge of the non-member payment for the examination also contains 12 months of ISM Direct membership.
software price: $119 for individuals, $179 for non-contributors
exam fee: $229 for participants, $379 for non-members
Retake fee: $379
Renewal charge: $75 for members, $a hundred and fifty for non-individuals
Expiration: 4 yearsISM licensed skilled in enterprise range (CPSD)
The 2nd certification from the ISM is the licensed knowledgeable service provider diversity (CPSD) certification, which that you can earn on good of the CPSM certification from ISM. The CPSD certification carries two tests — however which you could bypass the foundational examination if you already cling your CPSM examination. To qualify for the examination, you’ll need three years of supplier diversity or management event and a bachelor’s diploma, or 5 years of adventure. To maintain your certification, you’ll deserve to finished 50 hours of accredited carrying on with education credit over a 3-12 months duration.
utility charge: $119 for participants, $179 for non-contributors
examination fee: $229 for individuals, $379 for non-contributors
Retake payment: $379
Renewal charge: $seventy five for contributors, $150 for non-contributors
Expiration: three yearsSCPro Council of deliver Chain management specialists (CSCMP)
The SCPro Council of deliver Chain administration professionals (CSCMP) certification is interesting in that it combines a multi-stage schooling with a 3-tiered examination procedure. There are three stages of SCPro certification and the primary degree, Cornerstones of deliver Chain administration, covers the basics and eight features of deliver chain management. on the 2d level, analysis and utility of provide Chain Challenges, you’ll be established on your capability to observe SCM abilities in distinctive situations. The third and remaining level, Initiation of provide Chain Transformation, certifies your capacity to “positively impact a company” through a palms-on undertaking that demonstrates your potential.
you're going to deserve to renew your certification for all three degrees each three years, so one can require 60 hours of eligible expert development activities. you're going to should finished as a minimum 20 hours of expert building annually, however no greater than 30 hours per 12 months.
level 1 exam fee: $650 for participants, $975 for non-members
degree 2 examination charge: $1,095 for participants, $1,500 for non-contributors
degree three examination price: N/A
Renewal fee: $50 for participants, $a hundred for non-participants
Expiration: 4 yearsSOLE certified professional Logistician (CPL)
The foreign Society of Logistics (SOLE) offers an authorized professional Logistician (CPL) certification in logistics, which is a key factor of provide chain administration in definite industries reminiscent of commerce, defense, federal and local government corporations and schooling. The exam takes region over a six-hour duration, with three two-hour classes; you're going to need to circulate all three exams before that you may earn your certification.
To qualify for the CPL exam, you’ll need at least nine years’ event working towards or instructing logistics and two years’ experience in as a minimum two fields of logistics. each yr of undergraduate accepted coursework in logistics subjects is similar to three hundred and sixty five days of professional event, as much as 4 years. For these with a grasp’s diploma or doctoral diploma, you’ll want 4 or three years’ further event, respectively.
examination payment: $225 for individuals, $375 for non-participants
Retake payment: $50
Renewal price: N/A
Expiration: does not expireNCMA licensed knowledgeable Contract supervisor (CPCM)
The country wide Contract administration association (NCMA) presents multiple certifications, together with the certified knowledgeable Contract manager (CPCM). Candidates for the exam will want a robust realizing of the certified management body of abilities (CMBOK), enterprise and practising education and at least five years’ adventure in a valuable box. The NCMA also offers an authorized Federal Contract manager (CFCM) certification for these working in or with the govt and an authorized commercial Contract supervisor (CCCM) certification for these in the industrial industry.
utility fee: $210 for members, $410 for non-individuals
exam price: $125 for domestic, $150 for foreign assessments
Retake charge: $one hundred for domestic, $one hundred thirty for foreign checks
Renewal charge: $95 for individuals, $145 non-members
Expiration: 5 years
Copyright © 2018 IDG Communications, Inc.
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By Supply Chain Quarterly Staff | March 21, 2019
Blockchain tools will enable era of supply chain transparency, firm says.
Business software giant Oracle Corp. has updated its Supply Chain Management (SCM) Cloud platform with features that could help global organizations become more responsive and efficient, the company said Tuesday.
Oracle's SCM Cloud is a suite of tools that invest the digital supply chain with capabilities that include product innovation, strategic material sourcing, outsourced manufacturing, integrated logistics, omnichannel fulfillment, and integrated demand and supply planning, the firm says.
The newest features will enable organizations to reduce costs and stay ahead of ever-changing customer expectations by connecting customer service and field technicians, aligning orders and invoicing with a project and/or an organization, and improving the orchestration of vendor-managed inventory,Redwood Shores, Calif.-based Oracle said.
These changes are enabled with artificial intelligence, blockchain, and Internet of Things capabilities that help users to enhance productivity, reduce costs, and minimize risk, the company said.
Together, they will help lay the foundation for a coming era of blockchain-enabled supply chain transparency, Jon Chorley, chief sustainability officer and group vice president, supply chain management, Oracle, said in an interview. "People are looking for ways to maximize their investment in inventory," Chorley said. "When you look at ways to optimize that, the collaboration aspect is so important, including trust factors and making sure that information exchange is timely."
Blockchain can be a crucial tool is reaching that goal, but since it is still a new technology, many users need to get an education in how it can impact their supply chains by running pilot projects instead of jumping immediately to broad implementations, he said. "That way you can understand where you might fit within a blockchain ecosystem. The technology will be so foundational going forward, but folks right now are looking for examples of how it gives value," Chorley said.
Future uses of blockchain technology within supply chain workflows could include the exchange of accurate and non-repudiatable information for transportation, logistics, and inventory management solutions, he said.
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Last week marked the official launch of the Association for Supply Chain Management (ASCM), designed to join the pantheon of industry leaders in the global marketplace.
As the largest nonprofit association for supply chain, ASCM seeks to become an unbiased partner, connecting companies around the world to the newest insights on all aspects of supply chain within one source.
Built on the foundation of APICS, ASCM’s primary focus is to drive industry innovation with new products, services and partnerships that enable companies to further optimize their supply chains, secure their competitive advantage and positively impact their bottom lines.
“Businesses are starting to see the incredible advantage that can be gained through strategic supply chain management and leadership,” declares ASCM CEO Abe Eshkenazi, CSCP, CPA, CAE. “This is evidenced by supply chain professionals moving out of their silos and into the C- suite. Just as businesses are tearing down the walls between supply chain functions, so too should supply chain associations.”
By creating ASCM, adds Eshkenazi, they are acknowledging this pivotal shift in our industry – not only through individual learning and development – but with larger corporate transformation in mind as well.
SCMR applauds you.January 28, 2019
Recently, performance measurement models in supply chain management (SCM) or SCOR based performance models have received great attention in SCM domain. This paper reviewed the theoretical foundations of performance models in SCM over time, and proposed a holistic view by identifying the associations of existing SCM models and performance measures. A sample of 2340 articles by 4431 authors were thoroughly analysed using a bibliometric citation meta-technique. The articles published in nineteen top rated journals A*, A and B according to the ABS and Financial Times academic rankings in operations management discipline were extracted from the ISI Web of Science database. Using the HistCite, VOSviewer and Gephi tools, the research on performance measurement models since 1990 was mapped. Major findings of the work categorized into three research sub-streams as theoretical foundations were identified based on the 30 highly-cited papers. The most influential contributions were corroborated to propose a conceptual framework, demonstrating how the performance measures and SCM models are associated with each other using organization theories.
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ProjectSo-Lo-Mo-Integration in Omnichannel retail management Due to the advances in information technology, electronic commerce has emerged in retailing. The advances in information technology have also driven retailers to incorporate consumers into internet -based communication tools. These tools include numerous social networks, such as social media sites. As a result of the interactions between information technology and social media sites, social commerce has evolved. In addition, retailers use local and mobile commerce practices as an innovative way to enhance customer loyalty. These trends result in a new conception, called “SO-LO-MO”, which derives from the practices of social, local and mobile commerce. The SO-LO-MO conception encompasses customer touch-points and also provides seamless shopping experience and numerous available channels to customers by using omni-channel management. In this paper we assessing the retail-based SO-LO-MO conception by providing insights from 16 retailers selected from two geographically different markets: Germany and Turkey. The examined retailers operate in different categories: shoe, perfumery, electronics, home furniture, cds & books, duty free and grocery. ... [more] View project
Full-text availableThe intellectual foundation of supply chain management performance models: a bibliometric analysis a...
January 2019Recently, performance measurement models in supply chain management (SCM) or SCOR based performance models have received great attention in SCM domain. This paper reviewed the theoretical foundations of performance models in SCM over time, and proposed a holistic view by identifying the associations of existing SCM models and performance measures. A sample of 2,340 articles by 4,431 authors were ... [Show full abstract] thoroughly analysed using a bibliometric citation meta-technique. The articles published in nineteen top rated journals A*, A and B according to the ABS and Financial Times academic rankings in operations management discipline were extracted from the ISI Web of Science database. Using the HistCite, VOSviewer and Gephi tools, the research on performance measurement models since 1990 was mapped. Major findings of the work categorized into three research sub-streams as theoretical foundations were identified based on the 30 highly-cited papers. The most influential contributions were corroborated to propose a conceptual framework, demonstrating how the performance measures and SCM models are associated with each other using organization theories. View full-text
ChapterDie strategische Bedeutung des Supply Chain Managements
June 2018Der vorliegende Beitrag erörtert die strategische Bedeutung des Supply ChainManagements (SCM) imSinne einer kooperationsorientierten und unternehmensübergreifenden strategischen Managementkonzeption. Vor diesem Hintergrund zielt das SCM auf die optimale Ausgestaltung von Geschäftsprozessen sowohl innerhalb eines Unternehmens sowie auf vor-und nachgelagerten Wirtschaftsstufen ab. ImZuge steigender ... [Show full abstract] Kundenanforderungen und zunehmend flexibler Produktionsund Logistik-Netzwerkstrukturen entwickelt das SCM den Charakter einer integrationsorientierten Führungslehre. In diesem Zusammenhang werden sich wandelnde Aufgaben, Objekte und Ziele des SCMsowie strategische Prinzipien kritisch diskutiert. Read more
ArticleAn Empirical Study of Social Sustainable Supply Chain Practices: Evidence From Indian Manufacturing...
March 2019Due to consistent surge strength in the form of legislations as well as a part of corporate social responsibility companies in emerging economies like India need to synchronize. This is possible by implementing the concept of social sustainability in supply chain business activities. This paper investigated key factors influencing the adoption of social sustainability in supply chain activities ... [Show full abstract] of Indian manufacturing sector as a social development perspective. The present study covered literature review on sustainable supply chain covering social perspectives as well chosen Indian manufacturing companies to investigate social perspectives. Investigated social sustainability issues among Indian manufacturing companies using a structured questionnaire. Using the convenience sampling 155 responses was collected as part of data collection and performed Factor analysis, Analysis of variance (ANOVA) and correlation to investigate & accomplish the research objectives. This paper investigated and found the following factors influencing the adoption of social sustainability in supply chain activities of Indian manufacturing sector as a social development perspective: Community, Safety, Product responsibility, Sustainable business opportunities. This study also investigated the relationship among different identified social sustainability practices in supply chain activities of manufacturing companies. We have also proposed “house of social sustainable supply chain management practices” for Indian manufacturing sector. This paper proposed social sustainable factors to be implemented across supply chain of Indian manufacturing sector as it has been strong pragmatic pertinent and can be conformable by the organization with minimum changes in their prevailing work structure. Read more
ArticleSupply Chain Management Policy Designed for Sustainability in Indian Manufacturing Companies: A Surv...
December 2012This paper presents findings of an extensive survey of Indian manufacturing companies. The survey embodied different sectors: Engineering, automobiles, petroleum fertilizer, power, electronics, pharmaceutical steel, cement, consumer, textile, agro-based, chemical, others. Various issues to be considered in company’s supply chain management policy for sustainability have been identified and ... [Show full abstract] assessed in Indian context. Our results showed significant Reliability, Unidimensionality. Principal component analysis is performed and proposed a factor structure. Read more Discover more
Last Updated: 01 Feb 2019
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