Club Meeting November 16th, 2006

1. Club Meeting November 16th, 2006

2. Agenda • Recap International Case Competition • Finding the Right Internship • Targeting the Right Company • Application Timeline • Application Tips • Interviewing Tips • Operations Terms • Electives Mini 3 & Mini 4 • Upcoming Events

3. 11th International Operations Case Competition

4. International Case Competition • Winners • 1st Vanderbilt • 2nd Tepper • 3rd Darden • Thanks to volunteers • Thanks to our team!

5. Internship Search

6. Statistics • School Facilitated (71%) • On Campus (46%) • Alumni, Job Fairs, Job Postings, etc. (25%) • Individual Search (22%) • Contact Companies, Friends, Webpage • Not Reported (7%)

7. Application Timeline Finance & Consulting Operations & Marketing

8. Targeting the Right Company • Find the companies. • Fortune 500. • Fortune 100 Best Companies to Work For. • Inc 500 Fastest Growing Private Companies. • 2nd Year Internship Resume Book. • Narrow search. • Alumni, 2nd years, professors. • Lexis/Nexis, InfoTrak, etc. • Respect for operations. • Role of operations in an organization.

9. Application Tips • Quality versus Quantity • Research, Research, Research • Gartners, Fortune, Web • Alumni • 2nd Years • Build relationships with Alumni, 2nd years • Invest time in Resume and Cover Letters • Customize for each company • Tell a story of why you!

10. Interview Tips • Why can’t I just be myself in the interview? • How can I avoid making the common interviewing mistakes? • STAR APPROACH • How important is it to follow up after an interview? • What are the best ways to follow up after an interview? • What if, after I follow up, I have still yet to hear back from an employer? • How can I delay accepting an offer in order to consider other forthcoming offers

11. Operations Terms • Do you know the difference between “kaizen” and “kanban” are? • Understanding key terminology can mean the difference between looking like a professional and a wannabe. • These next few slides contain terms you may encounter during the interview process or while you are doing your company research. • Spend some time brushing up on your operations vocabulary.

12. Some Typical POM Terminology • 'Lean' concept • JIT / JIT-II • Kanban • TQM • Reengineering • VMI (Vendor managed Inventory) • Reverse Logisitics • Economic Order Quantity (EOQ) • RFID • VSM • Delphi method (forecasting) • Newsvendor Problem • Data Matrix / Maxicode / PDF 417 code • Peak load pricing • RO-RO • Shrinkage • Six Sigma • VAR (Value Added Reseller) • WMS (Warehouse Management System)

13. Where Can I Go For More Information? • Associations / Websites • Operations / Production Textbooks • Academic Journals / Magazines

14. Associations • American Production and Inventory Control Society http://www.apics.org • Six Sigma http://www.isixsigma.com/ • Council for Logisitics Management (CLM) http://www.clm1.org • The Collaborative Planning, Forecasting and Replenishment Committee (CPFR) http://www.cpfr.org • Voluntary Interindustry Commerce Standards (VICS) Association http://www.vics.org • Institute for Operations Research and Management Sciences (INFORMS)http://www.informs.org • American Society for Quality (ASQ) http://asq.org/ • Production and Operations Management Society (POMS) http://www.poms.org/ • Project Management Institute (PMI) http://www.pmi.org/ • American Productivity and Quality Center (APQC) http://www.apqc.org/ • Workflow and Reengineering International Association (WARIA) http://www.waria.com/

15. Websites • http://www.supplychainplanet.com/ • http://www.manufacturing.net • Related sites with SCM info • http://www.ittoolbox.com/ • http://www.cio.com/research/scm/

16. Academic Journals / Magazines • Journal of Operations Management • Journal of Manufacturing Systems • Journal of Quality Technology • International Journal of Production Economics • Production and Operations Management   • Logisitics Management • Supply Chain Systems Magazine

17. Operations / Production Textbooks • Chase, Aquilano and Jacobs (, Production and Operations Management: Manufacturing and Services (8th Edition) • Hill, T. Production/Operations Management: text and cases, 2nd Ed. Prentice Hall: London • Johnston, R., Chambers, S., Harland, C., Harrison, A. and Slack, N. Cases in Operations Management, Pitman Publishing: London • Meredith, J.R., The Management of Operations: a conceptual emphasis, 4th Ed. John Wiley and Sons: New York • Schmenner, R.W., Production/Operations Management: concepts and situations, 4th Ed. Macmillan: New York • Schonberger, R.J. and Knod, Jr., E.M. , Operations Management: serving the customer, 3rd Ed. Business Publications: Plano, Texas • Schroeder, R.G. , Operations Management: decision making in the operations function, 3rd Ed. McGraw-Hill International: New York • Slack, N, Chambers, S., Harland, C., Harrison, A. and Johnston, R., Operations Management, Pitman Publishing: London • Wild, R. , Production and Operations Management, Cassell

18. Operations Electives Mini 3 and Mini 4

19. Operations Electives • Mini 3 • Quality Design and Analysis • Real Time Decision with Resource Planning Systems • Sequencing and Scheduling • Mini 4 • Risk Models for Production Management • Manufacturing Strategy • Optimization Models for Logistics • Six Sigma Practices and Principles

20. Operations Projects • Prof. Kekre • Highmark (Operations, Strategy, IT) • Citibank (Operations, IT) • Bosh (India – global opportunity) • 7-8 weeks • Mini 3 – Mini 4 - Summer

21. Other Electives • Mini 3 • Corporate Finance • Interpersonal Negotiations • Competitive Strategy and the New Economy • Mini 4 • Pricing Strategy • Strategic Corporate Management

22. Upcoming Events

23. Upcoming Events November • Nov. 20 – Speaker Series Larry Dickerman, senior VP of American Electric Power December • 1st - EATON Plant Tour January • Jan 26: Plant Tour (probably the airport) February • Feb 2: Plant Tour (GE) • Feb 7: Info session for change of board of directors • Feb 14: Ops Board Elections