Class Oct1209 - Oct 12 PRICE COST ANALYSIS Part 1 Objective...

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1 Oct. 12 PRICE / COST ANALYSIS Part 1 Objective – Explore Basic Techniques used to Analyze Costs of Purchased Materials and Services Professor Gordon Smouther [email protected] 609-977-8682
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2 Gor dy Smout her • BS Mechani cal Engr g – Renssel aer Pol yt ech I nst i t ut e • MBA – Ri der Uni ver si t y • Cont i nui ng Ed – Rut ger s, UNC, Whar t on, I ndi ana Uni v. and UCLA • 16 year s f i el d oper at i ons – PSE&G • 18 year s cor por at e management – PSEG • 10 year s Pr ocur ement and Suppl y Management • 9 year s Rut ger s • Dean’ s Advi sor y Boar d, Sr . I ndust r y Advi sor • MBA, Exec MBA, I nt er nat i onal Exec MBA • New Under gr aduat e Pr ocur ement • Cent er f or Mgt . Devel opment • Cor por at e t r ai ni ng • Two gl obal speci al t y chem i cal compani es
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3 Oct. 12 Smouther Chapter 9, Cost Analysis Part 1 Oct. 19 Smouther Chapter 9, Cost Analysis Part 2 Oct.26 Smouther Chapter 6, Order Quantity and Inventory Nov. 2 Smouther Negotiations Nov. 9 Smouther Exam 2
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4 Careers, Careers, Careers Procurement Strategic Sourcing Logistics Management Business Process Improvement Transportation Management Supply chain Financing Inventory Management Distribution & Sales management New Product Launch SC Information Technologies Demand Planning Supply Management SC Project Management Types of Supply Chain Jobs
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5 Sample Hiring Companies AmerisourceBergen Merck (VP) AstraZeneca MetLife Bayer HealthCare PSEG BD Novartis Pharma Bristol-Meyers Squibb Sandoz Colgate-Palmolive Schering-Plough Deloitte Sciele Pharma Exelon Corporation Unilever Hoffmann-LaRoche UMDNJ Johnson & Johnson Itochu
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6 Sample Hiring Companies A&P Aventis BASF Bed Bath & Beyond Blinds-to-Go Church & Dwight Engelhard Corporation Genesis Healthcare Horizon Blue Cross Blue Shield International Flavor & Fragrance IBM Intel JPMorgan Chase L’Oreal NJ Dept. of Treasury Praxair Time Warner Tyco International Updata Wachovia
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7 Skills Needed by Today’s Procurement Professional Business Knowledge and Skills • Customer and Market. • Product and Service • Process Design and Mgt • Technology • Business Finance Procurement Functional Skills • Demand Mgt. • Spend Analysis • Specification Mgt. Supply Market Analysis Cost Modeling Supplier Evaluation Negotiations Contracting Supplier Relationship Mgt. • Contract Mgt. • Customer Relationship Mgt. General Skills • Project Mgt. • Lean / Six Sigma • Team Building • Group Problem Solving • Change Mgt. • Coaching and Feedback • Public Speaking • Meeting Mgt.
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8 Join Professional Organizations Council for Supply Chain Management Professionals - CSCMP http://cscmp.org/membership/student.asp $25 Student Membership Association for Operations Management - APICS http://www.apics.org/membership/categories/student/default.htm $25 Student Membership Institute for Supply Management – ISM www.ism.ws Select “membership” Select “regular” Select “Dues Free” and Follow Instructions
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