Those entering the industry are coming in much more educated, which we predict will enhance the strategic capabilities of Procurement and Supply Chain departments across the board. Further enhancing that strategic education is the advancement of specific Supply Chain curricula at schools nationwide. As we discussed in our most recent newsletter -- read it here, sign up here -- there are now more than two dozen schools across the country offering Supply Chain or Strategic Sourcing programs, and a career in Supply Chain Management is beginning to be seen as a lucrative one.
So, enticed by the promise of money, what skills will these graduates have upon graduation, should your company decide to hire one? Lehigh University, which offers an undergraduate SCM program, instructs its students on supply & inventory management, logistics, operations, and -- interestingly enough -- B2B marketing. Additionally, students gain enhanced cost analysis, negotiation, production development, and e-business skills. Should they pursue a Masters, advanced programs like the one offered at Penn State further develops leadership and problem-solving skills through a heightened focus on SCM, transportationand distribution issues, and strategic sourcing.
Take a look at your own department, and imagine what it will be like 10 years from now, full of kids who graduated with skills in these areas and grew up through your company culture. Do you have the structure in place to take advantage of folks coming in with this type training?
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