SCMMS in the Media
The need to build sustainability into supply chains also came into clear focus during the crisis of 2008-2009. Companies found that their critical suppliers were not always in the best of financial health, and when key suppliers folded unexpectedly, buyers were left dealing with the outcome. Sustainability is not just about social or environmental programs but also about creating an end-toend product chain that is efficient, secure, well-capitalized, and around for the long haul. Thus, sustainable supply chain programs should be included as part of broader risk management efforts.
Dale Rogers, professor, logistics and supply chain management at Rutgers Business School, noted in a recent paper: "Clearly, a company cannot stay in business very long without profitability." But he said that this should not be the only measuring stick. There must be a balance between that goal and "doing the right thing".
However, these two goals are not necessarily at odds. Rogers added: "Using fewer resources can also lower costs in both the short run and long run. So it is not enough to think about economic performance or the environment, it is much better to think about the junction of both."
The New Jersey Business Incubation Network welcomes Drs. Serpil Guran as director and Kevin Lyons as associate director for business development at the Rutgers EcoComplex.
The sale of FLOORgraphics to News America Marketing indicates how seriously the company took the case, said Wayne Eastman, a Rutgers business law professor who specializes in management and marketing. "It would be at least a gauge of how much News Corp. was worried about the lawsuit," Eastman said. "I would agree it suggests that there’s some sort of substantial legal risk that News Corp. saw."
William Nickle, supply chain and operations management professor at Rutgers University Business School MBA Program, explained it to me further: “One of the biggest differences between roads and railroads is that the infrastructure for trains is financed by private individuals, and the infrastructure for trucks (roadways, bridges, etc.) is financed by the government. A government that is as in debt as ours has not been able to invest enough to revitalize and resolve all of the current issues with the infrastructure the trucking industry relies upon.”
Donald Klock, professor of supply chain management at Rutgers Business School, makes the case for implementing proactive business processes in procurement, to minimize supply-chain, promote sustainability and heighten brand reputation.
Donald Klock, professor of supply chain management at Rutgers Business School, makes the case for implementing proactive business processes in procurement, to minimize supply-chain, promote sustainability and heighten brand reputation.
Undergraduate Curriculum Tied for Second, MBA Program Tied for Third
In a recent supply chain management study by Gartner Supply Chain Leaders, a survey of how well leading universities are educating professionals to contend with a rapidly changing landscape, the Rutgers Business School Supply Chain Management undergraduate program tied for second and the graduate program tied for third in the nation.
Sustainability is about a lot more than saving energy, says Dale Rogers.
It's also about adopting business and supply chain practices that ensure a long life for a company, argues Rogers, who is professor of logistics and supply chain management and co-director of the Center for Supply Chain Management at Rutgers University. And it involves practices that pay off not only in building a reputation for corporate good citizenship, but in long-term prosperity.
You know that shiny smartphone you bought six months ago? There's an even better one hitting the market right about now. Or how about that flat-panel TV you bought last year. Now they come in 3-D. Dale Rogers, a logistics and supply chain expert and professor at Rutgers University, estimates that the secondary market for consumer electronics is worth about $13 billion in annual sales — or about 10 percent of the total consumer electronics market in the United States.
From time to time we witness a project that stands out — surpassing expectations, creating exceptional value for the sponsoring company and for customers and eventually having an impact on its entire industry. We call such projects “great projects.” Consider the introduction of IBM’s AS/400 in the 1980s. In 1986, IBM’s market share in the growing, important mid-range computer business had shrunk to a single digit. However, 28 months later, a relatively small development lab in Rochester, Minnesota, was the talk of IBM. Engaging thousands of engineers around the world, the $1 billion Silverlake project created the AS/400 computer, which was launched in 27 languages and soon became one of IBM’s most successful products ever.
In retrospect, the AS/400 development effort could be considered a great project. It was a game changer in the computer industry and gave IBM a competitive edge. Apple Inc.’s success in creating the iPod portable media player and iTunes online store is another more recent example of a great project — one that changed the way people listen to and buy music. Why are such projects so rare — and why can’t more projects be like them?
“There are a lot of parallels with the garment industry in Bangladesh,” said Kevin Kolben, an assistant professor at Rutgers University, who specializes in international labor law. “You have bosses treating their workers in pretty oppressive ways that are similar to back then. In many factories, people are working in the top floors of tenements with gated windows, no air conditioning, no ventilation, for most of the day and for very little pay.”
Dale S. Rogers, a logistics and supply chain expert and professor at Rutgers University, estimates that the secondary market for consumer electronics is worth about $13 billion in annual sales — or about 10 percent of the total consumer electronics market in the United States.
Rogers said that brick-and-mortar retailers increasingly feel threatened by online commerce and are strategizing ways to keep consumers coming through the doors. Best Buy's program, for one, requires customers to come into the store to sell back products.
"The brick-and-mortar, big-box retail store is experiencing some difficulty these days," said Rogers. "It's real easy to buy online, so these buyback programs are really a great way to get you into the store."
Boeing embarked on two ambitious and innovative experiences in its 787 program. Yet, the company did not appreciate the level of challenge it was taking on, and did not prepare itself for the additional complexity involved.
The assumption was that this program could simply be managed as the previous, more successful 777 program. A careful upfront assessment could have prevented many of the bitter experiences that followed. The innovations included building most of the main fuselage using composite materials and transferring an unprecedented level of development work to its supply chain partners, making it a development chain.
Three students in the University's Center for Supply Chain Management proved victorious at a competition in Arizona over the weekend, beating out top-ranked programs to bring back the first award for the new program at the University. School of Arts and Sciences seniors Mikhail Naumov, Arnab Sengupta, and Jaysai Ghayal received $2,000 in prize money after judges at the Institute for Supply Management 11th Annual Services Conference deemed their presentation the best.
Ernst & Young LLP recently announced that Professor Watson of the Rutgers Business School was among five faculty members named as winners of the award, all chosen for their ability to create positive change at their institutions by implementing leadership on diversity councils, supporting diversity faculty, mentorship of students, and the incorporation of diversity and cultural competence into their business school curriculums.
Not only are an increasing number of sales guys coming up against hard-nosed procurement executives in their dealings with clients (rather than their business unit contact who has been regularly wined and dined and has become a deeply loyal customer); but sales people are not the best negotiators. What was interesting - and completely coincidental - was that shortly after our conversation, Professor Don Klock, formerly of Colgate-Palmolive and now of Rutgers Business School, said exactly the same thing during a presentation on best-in-class collaboration.
Ticket prices are controlled by the artists, concert promoter John Scher said. After expenses are paid, superstar artists may pull in 90 percent of the price of the ticket, he added. "The perception of the public is never one to blame their heroes, the rock stars," Scher said. "Fundamentally, it's where the costs come from."Artists are putting more of an emphasis on touring and concerts as CD sales drop amid the digital music craze, in which fans can download single songs, not just entire albums. "The stars are looking at touring as a huge revenue stream," said Wayne Eastman, vice chairman of department of supply chain management and marketing sciences at Rutgers Business School.
The importance of the Continental brand can't be underestimated,'' said Stevie Watson, an assistant professor of marketing at Rutgers Business School. "The name is huge in this region.''
Each fall semester, RBS Professor Stevie Watson assigns a project to his Marketing for Decision Making classes that involves creating a free marketing plan for actual small- and medium-sized businesses in New Jersey. By doing so, Watson is able to help his students apply his lectures to real world practice, while simultaneously helping New Jersey's business community.
Stevie Watson, an assistant professor of marketing at Rutgers Business School, and his research partners set out to determine whether skin color bias plays a role in how African Americans view advertising. Their research findings are revealed in an article, titled "Skin Color Shades in Advertising to Ethnic Audiences: The Case of African Americans," which is forthcoming in the Journal of Marketing Communications.




