Supply Knowledge (tm)

Membership's Archive - ISM Silicon Valley Community

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Procurement Leaders Forum March 24 2010 - Chicago

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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

Global Chief Procurement Officer Survey 2009

The third Global Chief Procurement Officer (CPO) Survey marks Capgemini’s continued commitment to understanding the trends and issues affecting the procurement executive. Given the seismic upheavals in the financial markets and their inevitable impact on commerce, it has never been so important to assess and understand what this means for procurement within organizations.

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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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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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Annual Supply Chain Conference Draws Global Crowd

Aberdeen, a Harte-Hanks Company (NYSE: HHS) announced that its 3rd annual Supply Chain Management (SCM) Summit once again brought together supply china management professionals from around the globe to discuss leading strategies that will drive organizations to new performance heights in 2009 and beyond. This year's event was presented by Aberdeen Group in cooperation with Supply & Demand Chain Executive Magazine, Global Logistics and Supply Chain Strategies, Material Handling Management, and Enterprise Technology Management.

 

Training-Classes.com - Training Seminars and Certification Providers - Skills Training Classes

Training-Classes.com is a public directory of training, education, learning and development seminars, programs and providers.

This directory includes all types of training and educational seminars, including instructor-led training (ILT), courseware, e-learning, home study and self-paced learning resources.

Training-Classes.com - Training Seminars and Certification Providers - Skills Training Classes

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

ISM Electronic Supply Management Group

Click on one of the landscape hot zones to jump directly to the discussion group. Electronic Supply Management Group Mission... to provide a resource and source of information to the ISM members concerning ...

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Major Procurement Training & Assessment Force Created as ISM and ADR North America Unite

Two powerhouses of supply management knowledge, learning resources and professional development are joining to create one major force behind training and assessment in procurement. Tempe, Ariz.-based Institute for Supply Management™ (ISM) and ADR North America are combining resources to provide organizations with tools to lead them to increased profitability, enhanced staff competence and ...

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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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