Supply Knowledge (tm)

Membership's Archive - ISM Silicon Valley Community

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Procurement Leaders Forum March 24 2010 - Chicago

 http://ping.fm/QGvcm

Stanford Business School Conference Aims to Advance Socially and Environmentally Responsible Supply Chains

 http://ping.fm/sExfX

Applying Supply Chain Management to People

'Talent on Demand': Applying Supply Chain Management to People http://ping.fm/BauQs

Monday Morning Wake Up Call

The Price of Knowledge

Did you ever stop to think about how much it costs when a knowledge worker leaves your organization? Lots. It’s tragic, but many organizations are just simply missing the mark when it comes to valuing the knowledge of their employees. Yet on it goes. Someone leaves the organization and is replaced; the new employee may takes months to become as productive as his/her predecessor. Or perhaps there’s a dreaded layoff and the individual is not replaced immediately. Is all that knowledge then obliterated?

Let’s try to do a bit of math. A Supply Management professional leaves the organization. A replacement is hired, let’s say at $95,000 per year (about $7,900/month). For the first month the replacement operates at 10% of effectiveness…gathering information, analyzing situations, meeting suppliers and so on. The cost to the organization is 90% of the month’s salary, that is $7,110. Month 2 is likely somewhat better, perhaps 30% effective. Then month three at 50%; month 4 at 75% and month 5 at 85%. At month 6, the new employee finally reaches 100% of the former employee (assuming no performance issues for either of them).

Here’s a graph of how that would look:

 

The cost is shown below the trend line. The total estimated cost for this model is $19,750,

Does this make sense? Think about it. Aren’t there ways to capture knowledge so that the incoming professional can come up to full productivity more quickly? We’d like your feedback.

Fred Sollish for Supply Knowledge Monday, November 2, 2009

Leading U.S. Supply Chain Programs, 2009

Penn State University and Michigan State University lead U.S. supply chain programs in terms of industry value, program depth, and program scope.

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What Makes Strategic Sourcing Strategic?

There appears to be a common misconception about Strategic Sourcing. Like many business buzzwords, the term strategic sourcing is overused. It's quite likely that most organizations, espousing their traditional procurement practices, have simply renamed the search for price savings as a "strategic " activity; a old wolf re-clothed in lambskin, as it were. It's hard to believe that an approach to procurement can be considered sexy, but I suspect that there's something of that charm for managements to declare its strategic sourcing program in a "me too" kind of way. Is that possibly a strategy of its own?

Learn more about supply knowledge http://www.supplyknowledge.com on Supply Knowledge™ website, that offers a helpful information on sourcing and procurement, and supplies of management professionals with up-to-date information and working tools.

Learn how to conduct market research to identify qualified (or qualifiable) suppliers or contractors that can meet your organization's requirements. Sign up for Supply Knowledge’s Course ( http://supplyknowledge.coggno.com/shop ).

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Supply Knowledge Offers Courses for Sourcing and Supply Management

Coggno’s marketplace for LMS online courses provides a range of easy-to-use, robust courseware, such as the certification programs offered by Supply Knowledge (tm).

Supply Knowledge (SK) is an LMS online course platform that providers which specializes in sourcing, procurement and supply management courses for professionals, providing with relevant and recent information and tools.

SK’s tools and programs are convenient, easy to find, and and designed by leading practitioners. But best of all, they are practical, offering real professional skill-developing and -sharpening for professionals.

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Get My Boss to Approve My Idea?

You obviously have a subtle sense of senior management that will stand you in good stead throughout your career. Congratulations. A good portion of solving this problem is in just having the insight to ask the question. So you’re halfway home!

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Next big land rush: believe it or not, is knowledge management | Technology and the Global Supply Chain | ZDNet.com

This sounds silly for anyone who has ever been involved in the typical hapless library exercise of a digital “knowledge management” initiative.  The lasting image for most of these efforts is of a black hole - everything goes in, nothing comes out.  But get ready for a change of tune.

Next big land rush: believe it or not, is knowledge management | Technology and the Global Supply Chain | ZDNet.com

The Road to Career Success and Happiness (Book)

Even in an economic recession, when jobs are hard to find, certain everyday practices can open the door to opportunities for new career paths and overall success in the workplace. Dr. Yehia El-Ibiary draws from more than 40 years of success in international business to create a practical guide to professional accomplishment titled "The Road to Career Success and Happiness"

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IndustryWeek : Retain your Knowledge During Layoffs

Instituting knowledge development programs can ensure that the knowledge and experience of baby boomers is passed on to future workers.

IndustryWeek : Retain your Knowledge During Layoffs

Finding Work in a Tough Job Market (Book)

Career Building: Your Total Handbook for Finding a Job and Making It Work ISBN: 0061579106 ISBN-13: 9780061579103

In Search of the Perfect Job

In Search of the Perfect Job ISBN: 0071485880 ISBN-13: 9780071485883

Aberdeen's Annual Supply Chain Management Summit

April 2-3, 2009 in San Francisco, CA

The theme "Leveraging Supply Chain Processes for Market Leadership" with speakers to address the pressures that supply chain executives are facing in an increasingly global and dynamic trade environment including the need to leverage SCM for competitive advantage in the market, the need to align supply chain strategies with the goals and objectives of the business, the need to use innovation to drive down costs and improve visibility and responsiveness, the need to align the physical and financial supply chains, and the need to drive sustainable and responsible SCM operations.

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