Tag: millennials

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News You Can Use: 1/13/2016

sn_windows_Ricky Kharawala

  • A.T. Kearney Is Just Plain Wrong

    Not only are more than half of US manufacturers considering reshoring now, we have some really great examples of success stories including GE Appliance Park, Starbucks, Apple and others. In addition, we can point to other companies such as Haier, Nissan and Smithfield Foods where Foreign Direct Investment (FDI) has directly resulted in the establishment of more manufacturing in America.

    All of the signs and statistics (other surveys by Boston Consulting Group, Alix Partners and several European studies) point to the rebuilding of manufacturing in America and in Western Europe. The trend is strong and we are very optimistic that it will continue to be so. US jobs loss to offshoring is now about equivalent to jobs created or reshored to America. We need to be reshoring supporters and make more of this happen, not detractors.

    http://www.scmr.com/article/a.t._kearney_is_just_plain_wrong

  • How Quitting Can Get You Exactly What You Want

    Quit selling those cheap houses to those unqualified, needy people who he didn’t like working with. If he was going to attract million-dollar sellers, he was going to have to give up on working with $100,000 homes. That meant reaching way out of his comfort zone and giving up on what he had built so far. If Jon was going to gain traction, pick up luxury sellers and earn more money, he was going to have to project the image of expertise, confidence and exclusivity. Exclusivity meaning he had to be selective of who he worked with. The days of taking on any old client were gone. If they didn’t fit the luxury mold, he had to refer them out.

    http://www.entrepreneur.com/article/253924

  • PAGING DR. ROBOT: THE COMING AI HEALTH CARE BOOM

    More than six billion dollars: That’s how much health care providers and consumers will be spending every year on artificial intelligence tools by 2021—a tenfold increase from today—according to a new report from research firm Frost & Sullivan. (Specifically, it will be a growth from $633.8 million in 2014 to $6,662.2 million in 2021.)

    http://www.fastcompany.com/3055256/elasticity/paging-dr-robot-the-coming-ai-health-care-boom

  • Strategic Sourcing predictions for 2016

    the doctor is already seeing a number of 2016 posts about how this is the year we replace “negotiate” with “collaborate” (which the thought leaders have been saying since strategic sourcing decision optimization started becoming common in the leading Sourcing organizations, also known as the Hackett Group top 8%), that analytics will take off (which is the same speech we heard 15 years ago when Business Objects and Cognos were the names in analytics), that the skills gap will finally be addressed (which reminds the doctor of conversations he was having nine years ago), and so on. It looks like the amount of future sh!t that is going to be dumped upon you this year is greater than the truckload Biff Tannen had dumped upon his head in the original Back to the Future movie, way back in 1985. (A reference that is very appropriate because every year at this time it seems we get taken back to the future.)

    http://sourcinginnovation.com/wordpress/2016/01/04/sis-prediction-for-2016-it-will-only-get-hotter/

  • To connect to last week’s podcast, How Millennials Are Affecting the Supply Chain

    Respondents said that the biggest impact millennials will have on the supply chain is in terms of how they change the way consumers buy. The move towards new marketplaces – online, mobile, via social media – will be one of the transformative ways supply chains will be affected.

    http://mhlnews.com/labor-management/how-millennials-are-affecting-supply-chain

  • In 2016, Intel’s Entire Supply Chain Will Be Conflict-Free

    Since Intel and other manufacturers began the program, the profits from mines have started flowing to miners themselves rather than to war. In the last study of three of the major materials—tungsten, tantalum, and tin—a nonprofit called the Enough Project found that the amount of money going to conflict had dropped 65%, and it continues to fall.

    http://www.fastcoexist.com/3055066/change-generation/in-2016-intels-entire-supply-chain-will-be-conflict-free

Photo: Ricky Kharawala

Posted on

News You Can Use: 12/16/2015

sn_beachfire_Patrick Fore

  • 6 Ways to Salve Burnout Before It’s Career Terminal

    Do more of what you enjoy.
    Are you really spending your work time doing what you really enjoy? Or does that get pushed to the side while other, mundane, tasks take priority? Take an inventory of how you spend your day by keeping a journal. Divide a page into two columns, one for the things you don’t enjoy and one column for those you do. Each time you perform a task during the day, record it in one of the two columns along with how much time you spent doing it. Tally the number of tasks and hours spent at the end of the day, or week. If your “don’t like” column towers over the “like” this may be what’s causing your burnout.

    http://www.entrepreneur.com/article/253618

  • Procurement Study Pays Attention to Younger Generation

    “In our experience,” says Rudzki,, CPOs can dramatically improve their internal credibility with the executive staff by relating their proposed agenda (including the need to transform supply management) to the metrics that the senior staff and the Board of Directors already monitor.

    “Rather than having Procurement introduce a new metric for itself (which may come across as self-serving), we have generally found it to be more productive — and quicker at achieving credibility — to relate the proposed CPO agenda directly to the particular metrics currently in use by the company’s senior management,” he says.

    http://www.scmr.com/article/procurement_study_pays_attention_to_younger_generation

  • HOW TO MAKE THE MOST OF YOUR YEAR-END PERFORMANCE REVIEW

    Remember, the reason you’re having a review in the first place is to give you feedback that will hopefully help you improve at your job. Avoid going on the defensive or blaming others for your performance failures. In fact, don’t discuss your teammates at all and focus solely on your own performance.

    http://www.fastcompany.com/3054456/how-to-make-the-most-of-your-year-end-performance-review

  • Why There Will Always Be Human Sourcers

    Will we, sourcers, become obsolete? I am not sure about that…..As a global sourcer, I pride myself in my creativity. Sometimes I use a gutsy approach and I approach candidates that would not be the first choice for this role – They could be either too senior, he may have just started a new role, he may be of another industry – Hell – when I start being creative? I have no idea on how to anticipate where my search is going to take me… In the mid of one search, I open another window (One? 20!) and perform another search there with another idea that came up to me on a spur of a moment.

    http://www.eremedia.com/sourcecon/why-there-will-always-be-human-sourcers/

  • Your Best Employee Is Your Weakest Link

    When I ask business owners and managers to identify their weakest link most of them will start a mental inventory of their team’s attitude and skills. But in almost every case the weakest link isn’t the slacker, or the prima donna or the dim bulb who is costing the business the most. Even without a tragic wake-up call, the weakest link is nearly always the person who knows how to do things no one else in the business can do. If that link breaks, even for a sick day or short vacation, it costs your business in small, but cumulative ways that you might not even notice. If they are able, or unwilling, to return to work those costs will accumulate fast.

    http://www.entrepreneur.com/article/253827

  • Why I Give Everyone Hugs — Even Clients
    [This one is for you Tracy]

    As for work, as odd as this may sound, a hug de-personalizes work situations in a flash. I guess nothing can be more personal than body contact, but for me a hug says, “This isn’t about you or me individually; it’s about us as a team.”

    After a discussion in which you’ve been given feedback, especially tough feedback, a hug says that those comments weren’t personal. It says that those comments are just business and that it’s my job to give you that feedback.

    http://www.entrepreneur.com/article/253619

Photo: Patrick Fore

Posted on

News You Can Use: 11/18/2015

sn_redforest_EdenBachar

  • Provider Damnation 66: Tier 1 Suppliers

    A contract locks you in until an exit clause is hit, which, in an average contract in an average organization, typically is only invokeable when a supplier fails to deliver a significant portion of the contracted goods after a significant amount of time has passed (and your organization has been stocked out for weeks and lost millions of dollars), the quality gets abysmal and the warranty return rate hits the double digits, they violate a federal safety or import regulation, or they commit a crime — assuming you have a well drafted contract.

    http://sourcinginnovation.com/wordpress/2015/11/05/provider-damnation-66-tier-1-suppliers/

  • Technology is Harming Our Relationships, and We Can Stop It (the paradox of choice)
  • This is how millennials will change management

    Emotional intelligence is the new buzzword among millennial managers. Concepts of self-awareness, self-regulation, and relationship building will be key to millennial-managed workplaces. “Millennials are highly relational,” says Espinoza. While you may hear the old generation of managers say, “I don’t want to be friends with anyone who works for me because one day I might have to fire them,” Espinoza says millennial managers would never take that attitude. This generation of managers will put people and relationships first.

    The blend of work and life for these relationship-oriented millennial managers also means that the relationships they have at work won’t just be considered work relationships, but are likely to extend beyond working hours.

    http://www.fastcompany.com/3052617/the-future-of-work/this-how-millennials-will-change-management

  • If Coupa goes public, will it ruin the company? – YES

    In what many consider to be a controversial article titled The Myth of Ariba, a former executive for the company said the following; “Ariba was a real company with a real product that got swept up in its own hype, with unfortunate consequences,” and that “Ariba was basically a fraud . . . creating [the impression that Ariba was constructing a global marketplace]. . . even though this was seen as being “a rather impossible task.”

    According to the article and related book, they “went through the motions” of building this marketplace because “the stock was the only thing that mattered. A valuable stock gave Ariba currency it could use to buy other companies.” In the end, “Ariba started out very much as a real company, but was actually blindsided by the Internet boom.”

    https://procureinsights.wordpress.com/2015/11/11/if-coupa-goes-public-will-it-ruin-the-company-by-jon-hansen/

  • Is It time to re-evaluate your BYOD policy?

    That said, it may surprise you to find out that a growing number of security experts believe companies should follow the second option. Too many employees are skirting the policies to begin with, so you may be better off forbidding personal devices to connect to the network all together, especially if your industry is highly regulated.

    http://www.cio.com/article/3002687/mobile-security/is-it-time-to-re-evaluate-your-byod-policy.html#tk.rss_all

  • Is the IT offshore industry’s business model illegal?

    There is a “widespread practice in high skilled workplaces,” wrote Morrison, “by which jobs of United States citizens and lawful permanent residents are terminated, often in large groups, and whose work is transferred to contract workers who are present in or brought to the U.S. as employees of firms providing these contract services.” These workers are predominantly on H-1B visas.

    The use of contract workers on temporary visas “is not incidental to the process,” wrote Morrison. “Rather, it is the explicit business model of the contracting companies to staff their contracts with such temporary workers.”

    http://www.cio.com/article/3005260/outsourcing/is-the-it-offshore-industrys-business-model-illegal.html#tk.rss_all

Posted on

News You Can Use: 11/4/2015

sn_terminal_Jordan Sanchez

  • Millennials: Death to the Cubicle!
    Open floor plans are not the answer, having worked in open spaces and cube farms – neither are good.  It is about the culture of the work place.  If the company has their people on the phone all day, you need enclosed places.  If you are developers that need to collaborate (and spent large portions of the day in quiet), open floor plans work nicely.  

    Millennials have grown up understanding that work is an activity, not something that happens in any predetermined time or space. Accordingly, they insist on having the freedom to choose where and when they work, and they want to be measured on performance — not face time or office politics. So how does that change the way our workplaces and workflows are designed?

    http://www.entrepreneur.com/article/252164

  • Federal IT outsourcing spend alarmingly poorly managed

    The GAO analyzed agency policies, procurement and contracting data, and interviewed agency and contractor officials. While leading companies strategically manage about 90 percent of the IT procurement spending, these government agencies strategically managed just a fraction of that. The U.S. Navy, for example, which spent $3.3 billion on IT services in 2013, awarded just 10 percent of that work via strategically managed outsourcing contracts, according to the GAO. The U.S. Air Force strategically managed 17 percent of its $1.4 million IT services spend, the U.S. Army did so with 27 percent of its $3.5 billion spend, and NASA did so with 35 percent of its smaller $855 million IT outsourcing investment. DHS was the best performer, sourcing 44 percent of its $2.2 billion IT procurement budget in strategic deals.

    http://www.cio.com/article/2999467/outsourcing/federal-it-outsourcing-spend-alarmingly-poorly-managed.html

  • 11 Tweaks to Your Daily Routine Will Make Your Day More Productive
    Listicles… there are some solid points in this post once you get around the trash:

    “Eating a frog” is the greatest antidote to procrastination, and the most productive people know the importance of biting into this delicacy first thing in the morning. In other words, spend your morning on something that requires a high level of concentration that you don’t want to do, and you’ll get it done in short order. Make a habit of eating three frogs before you check your e-mail because e-mail is a major distraction that enables procrastination and wastes precious mental energy.

    http://www.entrepreneur.com/article/251989

  • Software vendors – fear and loathing

    Why? Because the most successful software firms are masters at high-pressure, bullying sales tactics. Take Oracle. The company specializes in trying to convince potential new customers that its license terms and model are harmless and easy to use.

    Once the customer licenses the product, however, Oracle takes a new tack. The company launches software audits and then argues that there are license restrictions it did not talk about during the sales process but that the customer has now breached.

    How do Oracle and other vendors get away with these tactics? Path dependency. Software vendors know that once a large company has implemented an enterprise-wide or otherwise significant software tool it is hard to switch.

    http://www.cio.com/article/2997879/enterprise-software/software-vendors-fear-and-loathing.html#tk.rss_all

  • The Six Strategic Sourcing Samurai

    So who are these six strategic sourcing samurai? They are the six remaining companies that took the time and effort to not only research and build a solution, but take it to market and wait while the market caught up with the vision that a few pioneers had fifteen years ago — a vision of true best-cost global sourcing from a total cost of ownership (and, more recently, from a total value management) perspective.

    http://sourcinginnovation.com/wordpress/2015/10/30/the-six-strategic-sourcing-samurai/

  • 39% of L.A. millennials ‘chronically stressed’ about money, survey finds

    A new survey by Bank of America and USA Today found that L.A. millennials ages 18 to 34 say they have a clear understanding of their financial situation and 44% are prepared for a rainy day, with three months of living expenses saved up.

    But 75% say they worry about their finances “often” or at least “sometimes,” with 39% saying they are “chronically stressed” about money.

    http://www.latimes.com/business/la-fi-millennials-money-20151022-htmlstory.html

  • Are US tech giants harming national security by partnering with China’s firms?

    A report made public this week from a security firm with longstanding ties to the Defense Department, the Defense Group Inc., said IBM’s partnerships in China, which are part of a global initiative that the company calls Open Power, are already damaging US national security. “IBM is endangering the national and economic security of the United States, risking the cybersecurity of their customers globally, and undermining decades of US nonproliferation policies regarding high-performance ..

    http://economictimes.indiatimes.com/news/defence/are-us-tech-giants-harming-national-security-by-partnering-with-chinas-firms/articleshow/49606797.cms