What is Supply Chain Management (SCM 101), and should you major in it? (Part 1d)

What is Supply Chain Management (SCM 101), and should you major in it? (Part 1d)

Yeah, right.
“And it’s not saying like well we are going to dump all this.” You’re not saying there’s the difference between
right and wrong. You’re you’re changing the system that they have to use and
make decisions by. ‘”You can’t use simple words like that, you have to use specific things.” You’ve mentioned a lot of things that speak the language of the corporation like return on investments.” “Excuse me. You’ve got to read about paradine – what it means.” “It could mean anything. It could mean how we do. “I don’t have to, that’s the thing.” “Just saying that’s not going to do it. You have to make it so the corporations want to do it.” “You have to force them so they want to do it.” “And you made a comment before like I feel like this is needing to happen and
then needing is the forcing and the force against to do is survival.” “Well I
have a comment. “Just listen to the language. You can’t force somebody to do it and ask them if they want to do it.” “If you force somebody to do it, you are… that’s what you have to listen to your language.” “I’m listening to the language in here, I’m
like wow. Force is the opposite of want. If I want to do…” “Do you want someone to force you to do
anything?” “People aren’t all the same.” “Do you want anyone to force you to do anything?” “People are not all the same.” “Do you want anyone to force you to do anything?” “It’s a matter of language.” “If you’re forcing someone, they don’t want to.” “Paradine…The change in paradine has nothing to do with force.” Question, her, yeah yeah. “When you talk about pressure, corporate pressure to have profits, it made me think about an article I read – it must be now 5 or 6 years ago – about being corporations.” “So it’s a move among, uh, company leaders to change their status with the legal…” “So if you’re a publicly owned shareholder, you are often forced to make decisions that you might not make because they’re the most…” “They lead to greater profits, so you can change your status from being a corporation.” Such a small segment of the corporate industry. It’s such a small segment and some of
them are high-profile companies but if you look at that millions of businesses
are out there it’s just a peanut. “It’s a, uh, place that has some future for folks who want to be more sustainable?” “I can answer. You can not become a deport in Michigan. They tried to reduce legislation in 2010.” “I did not know that.” “They force you to not become a green port.” I did not know that either. I did not know that. Okay, well that makes it simple then. *Chatter in the crowd* “I have this dim recollection. I was in the Netherlands a number of years ago and they actually had some regulations there where companies had to look at life cycle costs.” Which tied to accounting which in the
United States doesn’t work very well. “Yeah. So I was curious if you know anything about that model in the Netherlands or other European countries, or anywhere where that’s done. Is it effective? Is it not effective?” I’m not a fan of regulation and policy in general because I think you start doing things in a way for the wrong reasons and it’s not as effective as it could be otherwise. I want most of this to be industry driven, but at the same time the average vehicle in America
gets 25 miles to the gallon. The average vehicle in Europe gets 45 miles to the
gallon. Come on – that’s almost twice as much. That’s policy and regulation having
an impact. Um. What’s that? “They also have fewer vehicles in Europe.” The average fuel economy, though, and they use… Tons of diesel, they don’t have as many
trucks. I totally get it, but that’s almost twice the difference. A lot of
that difference is because of the regulation and policy, decision-making
that’s done in Europe that’s not done the United States. I think we’re trying
to do some of that yes but but who who controls our policy and regulation here?
Corporate America. So if you’re to get them to do something that’s going to have an
impact on among the bottom line… “I guess part of what I’m thinking is, if I’m an industry leader and I’m making my product and I’m thinking about this landfill problem and company X over here says, ‘Well too bad for you, I don’t care I’m going to put it in a landfill like it doesn’t, you’re not going to make
a profit but being a leader if it’s going to cost you more and it’s not going to cost your competitors more. So that’s where I see the regulations as potentially, like, leveling the playing field.” Ah, gotcha. I’m so like, government don’t tell me what to do. Because I’m from the business college and to level the
playing field through government regulations so that the world is a
greener place, we would have some effectiveness but not to the extent that
we could if we just did it for all the right reasons because it gets rid of
waste, yeah. Yeah. “I feel like it’s like the prisoners dilemma, right?” “If we all agree we are going to do this, then it’s fair. But if one person decides, nah I’m just going to go for the like not green plant because it’s cheaper. The other question I wanted to ask you real quick is the market piece. So you know like going back to the toilet paper example. So if I’m cruising down the Meijer isle and I see one’s cheaper and the other’s not, like I’m probably just going to grab the cheap one. Like how effective do you think the marketing is and the other piece of that, for me now, is if it says green on it, I don’t necessarily believe that. So I’m wondering about the idea of, sort of a third party that could really say this really is a better product. That stuff exists for like organically
grown products. Um, yeah. The marketing that I need is: it’s greener,
it’s cheaper, and it works better. That’s the marketing that I need. I don’t see
any of that. Yeah, it’s yeah, I don’t see that that one would sell me. So when
you’re walking at Meijer, take a look at the recycled toilet paper. 30% more
expensive. “The toilet paper doesn’t have the cardboard inside and actually takes up less space. So I’m starting to buy that one because you don’t have the little carpet cardboard tube inside and it actually holds the…” Makes sense. “It actually does work.” Yes ma’am. “I also feel like, uh, businesses kind of need to, uh, reassess what they consider waste. You see things like grocery stores saying, ‘Okay we’re going to sell the ugly fruit for a better price – not ugly fruit, but you know, less attractive fruit. Um, and, uh something like food waste, which if you use that for composting and fertilizer, that’s a value-added commodity. It’s not just landfill garbage.” With that truck plant that had the leftover parts, they didn’t call it waste, they called it a cost of doing business. And the mindset was, well you have to have something left over. So you’re right. Defining what waste is, identifying it, and doing something about it That’s one of the cool things about
these international standards is you’re required to actually identify them and
then state what are you gonna do about it? For a lot of companies until you
actually go through that process, you’re even thinking about it in those terms. So
to accent they’re adding some effectiveness. “I just wanted to ask you a personal question. You described the less than fair tradition in America.” In general. “A lot of people on the right would absolutely love to get rid of the government and I assume that means become _______.” I for sure didn’t say that. That’s not what I meant. “But my question for you is: if you don’t think government should regulate business, what do you think government’s role is, if any?” To give the industry the incentive to
drive a lot of the stuff that they would actually like to regulate. So instead of
us actually regulating it, I’m going to give you some incentives to actually
drive this revolution without me having to actually to make you do it. “Incentives to not do the things they shouldn’t be doing. The negative externalities that they don’t have to pay for.” So like. “Say if you charged those true costs to society back through to the business, which the accountants and lawyers wont allow to happen because they work the business and their job is to protect the businesses by money(?).” Well look at the EPA says, “Hey factories
if you get ISO 14000 certified, that would imply that you’re trying to take
this stuff more seriously. Your permits will be a little cheaper and when you do
make mistakes, the fines won’t be as expensive. And if
there is liability, since you demonstrated good intent, it won’t be as
severe as a factory that doesn’t do it.” “Look at how corporations behave. Forget about the fines. I don’t want the fines.” Well I think with that one, when
you you give corporations an incentive to do ISO 14000, you’re not making them
but you’re saying if you do this you’re dangling a carrot. It has to be economic
for these folks, it doesn’t have to be for me, but it does for someone up there
that’s trying to retire in Naples, Florida in 5 years, yeah. “I can’t help but thinking that it’s the right thing… What you’re doing, what you studied is the
management decision-making. Decision-making, that the model what it
was in 20 and 30 years. I was in the industry. Matter of fact, at one time, long time ago,
35, 40 years yes, I worked for General Motors. So I know what you’re talking about. The model of the decision-making, that executive make decision has to change, it has to change way more. It is no longer good one man
makes a decision. I don’t care which one. You can leave, but you gotta have a synergistic point of view. You’ve got to get everybody
in a line as what we do. If you ask me, the biggest issue in America – leadership, leadership void. And if you look at at the Business College I don’t even know
if we have a class that has the word leadership in it. And the question is: can
you teach leadership? And I say yes you can and I don’t think we’re doing a good
job of that, but there’s still some good leaders out there. I met the CEO of a
company headquartered in Battle Creek that he said, “I don’t make any decisions.
My direct reports make the decisions collectively.” I mean he said, “I haven’t
actually made any decisions, I just coordinate my direct reports who
synergistically make the decisions and then I say what those decisions are.” That
sounds like leadership, but there’s a company with huge margins that’s trying
to downsize that I’m not too excited about these days because they couldn’t
be any more greedier. But anyways I’m not to say what company
that is that’s headquartered in Battle Creek. “I’ve gotta make a comment. In the visual, leadership is a myth. It’s impossible.There is no such thing.” You can’t teach it? You can’t learn it?
You have to be born with it? “You can’t exist humanly, other than in relation with other people.” So if I’m self serving versus someone that puts others ahead of myself… “You can be self serving in your relationship with other people. So the only way we lead is collectively. And the bigger that collective…” You don’t think a leader can transform the culture of an organization? What
college did you teach in? “I don’t teach.” Oh I’m sorry. “I live. I guess I do teach hopefully through my inspiration.” Okay I think the Dean of a college has
an impact on the culture of the entire college. “Especially with you and everyone else that goes here. That individual does not lead other than in relation with all of the other people.” “You can’t lead without followers.” I think either everyone is a leader and has to have a leadership role or no one is. You’re right. I think we’re on the same page it just
sounds like we’re saying the difference of things, yeah. There is a very different mindset and I think most people, especially old school, think leadership is being topped on an old white man, in visual, telling everyone what to do. I’d say that’s bad leadership.That leadership is bad. “We’ve got a lot of bad leadership.” I think it’s the biggest void and issue in American industry, yeah. *Mumbling* “Everything that we know, folks, and don’t forget… We learn. I don’t mean to pass any judgement, but we learn everything. The ability to be a leader, but it’s not it’s learned. That’s a force, just think about it. It’s learned.” I just had a baby boy, one month old.I’m his leader. “He’s teaching you and you’re teaching him.” Likewise, he has a leadership role. So I agree. We either have no leaders or everyone has to take on a leadership role. I agree. “I do want to thank our speaker.” Thank you, thank you.

2 thoughts to “What is Supply Chain Management (SCM 101), and should you major in it? (Part 1d)”

  1. Update as of January 2019: Students are still getting 3-5 job offers
    upon graduation. The average starting salary is in the low $60s, with
    the top students getting offers of over $70K. Most graduates are well
    over $100K by age 30. Also, CEO backgrounds are trending on SCM work

  2. Handout can be found at:

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