Рет қаралды 1,685
Please reach out any time at: www.simecurkov...
Starting salaries at $70K per year & over $100K by age 30! Visit: simecurkovic.com
What is Industry 4.0? What is Supply Chain Management 4.0? What is Supply Chain Digitization? 2021+
Ready to make over $70K/yr. upon graduation & over $100K by age 30 (& change the world)?
Let’s get started.
WMU Top 10: Western Michigan University Integrated Supply Management (ISM)...Nation's best undergrad SCM program (Gartner 2014) wmich.edu/supp...
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, and cheaper. That to a large extent has already happened and will continue to happen, but for mostly "tactical" stuff (not "strategic" stuff). For example, my first job in SCM 30 years ago was making sure the right stuff was at the right place, at the right time, in the right quantities, and at the right price. OK, first, that job was super "tactical" and you did not need a college degree to do it. Second, that job was a manually driven process that has since been "automated" using technology and the technology actually does it better, faster, and cheaper than a human. In fact, the technology can learn from itself using machine learning (ML) and artificial intelligence (AI).
What is ML and AI? Keep it simple. If you get emails that automatically get sent to your junk folder, then that is AI technology. If you go to your junk mail folder and start opening up junk email from the same sender, then ML is when it stops sending it to your junk folder. The software has figured out through ML that that junk mail is not junk to you (you want to read it).
Another example would be Amazon, who I think is at the forefront of ML and AI. When you buy stuff on Amazon and Amazon gives you ideas on what you might also like, that is ML and AI. In fact, Amazon will use data and ML to actually ship you something before you actually place the order (and they rarely get it wrong).
Have you heard of Robotic Process Automation (RPA)? That is basically software that makes use of ML and AI to do routine manual SCM activities like process a Purchase Order. The process is manual, tactical, and clerically driven. However, that RPA software is learning from itself on how to do things better, faster, and cheaper. For example, RPA could start saying things like: I think we are paying too much, I think we should be using a different supplier, I think we are ordering in the wrong quantities, etc. The RPA software might actually decide to reopen the contract and have suppliers rebid on the business and the RPA might actually pick the new supplier. Yes, there will likely be human intervention for any activities that are "strategic".
For me, tactical means all the day to day operational grunt work. Strategic to me means the decisions that have to be made with longer term implications and consequences. For example, if the RPA wants to switch suppliers, that to me is strategic because it has long term consequences. Maybe one day the RPA will change suppliers without human intervention and actually negotiate the terms and conditions of the contract with a new supplier. Well, for non strategic stuff like office supplies it is already happening.
So back to the video. Simply become "data scientists" because the next few years will likely double, triple, etc., the amount of data that SCM organizations will have because of Industry 4.0. Think about that. By the time you graduate, SCM orgs will have 2-3 times more data at their disposal. The SCM professionals that will flourish will be the ones that can make sense of that data to do their jobs better, faster, and cheaper. The Business Analytics minor sets you up for success so that Industry 4.0 becomes your friend and not your replacement. Do you feel like you will be ready? Thank you. Sime
Program Major Credit Hours (twice most other programs):
Integrated Supply Management, Western Michigan University 43
Supply Chain Management, Arizona State University 21
Supply Chain Management, Michigan State University 18
Supply Chain Management, Penn State University 24
Supply Chain Management, University of Texas, Austin 21