If it's been some time since you last interviewed for a management position, you
might be surprised at how much things have changed. These days, companies look for candidates
with broader experience in supply chain management, an understanding of general business
principles, and a stable history of success. Interviewers will ask questions pertaining to
how and why you made certain career and business choices. Through the interviewing
process, they will develop a profile of your leadership ability, drive to succeed, communication
skills, and potential to advance, and they will consider all of that in relation to your past successes
and failures. They are interested in not only what you have achieved but also why you
achieved it and what you learned along the way. Moreover, they will ask behavioral questions
that will help them to understand who you are and whether you will fit the company's
business culture.
How can you be at your best and succeed in this new interview environment? William C.
Belknap, president of the career coaching firm Performance Leadership, says it is all about
preparation, preparation, and more preparation.
Your preparation for an interview should focus on three areas: Researching the industry
and the company; being ready to discuss the requirements and responsibilities of the positions
you have held in relation to the one you are interviewing for; and understanding the
interests and priorities of the people who will interview you. Here are some tips on how to go
about it.
Research the company and the
industry
This is an absolute must. Just as the hiring company will use many methods to screen and
evaluate you as a candidate, you must do the same to evaluate the company and position for
which you are interviewing. The more you know about a company and its management,
the better you will be able to interview and make your decision regarding employment.
The Internet is a wonderful place to find information about a company and its key people.
Through online research, you can not only find financial information about the company
but also identify changes that may affect the position for which you are interviewing. Is
there new management? Is the company stable? How does it match up against the competition?
Is there a pattern of outsourcing? Is there a likelihood of a merger or takeover? These are just a
few of the questions to consider.
You can use online social and business networks, such as LinkedIn, MySpace, Twitter,
and Facebook, to mention a few, to find present and past employees of the hiring company.
There you may find information about the people who are involved in the interviewing
process, including professional profiles and information that could help you to develop a
personal bond during the interview. For example, you may discover that you share similar
backgrounds and education, which you can discuss with the interviewer—at the appropriate
time, of course. Additionally, contacting past employees can give you greater insight
into the "personality" of the company, the department, and even the person you would be
reporting to. These contacts may alert you to information that could be of concern, such as a
high turnover rate.
Don't limit your research to the company itself. It is just as important to know about the
prospective employer's industry. Some questions you'll want to investigate include: Who
are the major players? What challenges do they face? How profitable is the industry as a whole?
Are there any products or technology that may affect its future success? Are there any safety or
environmental issues that could create trouble for the industry?
Be prepared to discuss your career in
detail
When interviewers for top supply chain positions ask about your career, they are looking for
much more than a list of past positions and responsibilities. They will expect you to analyze not
only what you have accomplished but also why and how you made your decisions. You will need to be introspective with regard to your successes and failures and be able to articulate what you have learned and how you have grown. You should also be able to talk
about each company you worked for, the industries they were in, their sizes, locations, and how they conducted business. In addition, be ready to discuss in detail what your responsibilities were, the decisions you made, and what effect those decisions had on your
department, on your customers, and on manufacturing and marketing. What improvements did you make that led to greater profitability for your company? What analytic process did you use to make those decisions? If you made mistakes, how did you correct them?—and what did
you learn from the experience?
You will also be expected to discuss your overall career, including
the changes you have made and how they relate to your personal and professional goals. Be able to
show a relationship between your past career moves and successes and the responsibilities of the
position you are interviewing for. It's important to do so without implying that you
already fully understand the company and have all the solutions to their problems.
Understand interviewers' interests and priorities
The interviewers you meet will have different concerns and agendas based on their working relationships with the position you are interviewing for. Understanding their priorities will help you present yourself in the best light to each individual and group. There are several types of interviewers you are likely to encounter: co-workers, internal customers, human resource professionals, the hiring manager, and senior management. Here is a rundown of how these different groups typically think about potential new hires:
Co-workers want to hire a person who understands the position and has the skills to work at their level, yet does not pose a threat to their jobs or careers. Naturally, they want someone they can get along with—someone who is interesting and has similar interests. In other words, they want to hire someone they like.
Internal customers want someone who is competent,
easy to work with, likable, and trustworthy. They want
someone who can solve their problems and make their
jobs easier, a person who will see the work world
through their eyes.
Human resource professionals are interested in verifying
that you are who you say you are, and that your
work history is accurately described, with no unexplained
breaks. They want to know whether you fit
the technical parameters of the position, including
salary requirement. Their agenda focuses on the future
as much as it does on the present. Do you fit the
department's and the company's profile for success?
What is your career potential on both a departmental
and companywide level? Less tangibly, are you someone
they feel comfortable with?
Hiring managers are interested in bringing in talented
people who will be successful in their new positions
and also have the potential to learn and grow within
the department. They want someone who has the right experience and the maturity
to manage the position effectively. It is important to them to hire someone who is career-focused
and will be loyal to the company, not just looking for more money. They will be concerned that the
candidate fit the "personality" of the department and that there is good "chemistry" with other
employees.
Executive management normally lets the hiring manager delve into the specifics, such
as technical expertise. They will be looking for a positive
personality with a history of success. Candidates'
potential to contribute to the company's success,
career goals, presentation skills, social and communication
skills, ability to think on their feet, worldliness, and overall business awareness and
understanding are all important to them.
Quickly but carefully
The only opportunity you will have to negotiate is
when an offer has been presented to you. Once negotiations
have been completed, you will need to decide
whether or not to accept the offer. If you have done
your homework beforehand, then the choice should
be easy to make. Be certain the position is right for
you, and that you are right for the position?—if you
accept a job that turns out to be a mistake, you will
carry that decision with you on your résumé. Carefully
consider the offer, but don't take too long; companies
normally want to know your decision as soon as possible.
If you show indecisiveness you may "lose your
shine" or the offer may be rescinded.
The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.
Accenture and Avanade say they have already developed some AI tools for these applications. For example, a supplier discovery and risk agent can deliver real-time market insights, agile supply chain responses, and better vendor selection, which could result in up to 15% cost savings. And a procure-to-pay agent could improve efficiency by up to 40% and enhance vendor relations and satisfaction by addressing urgent payment requirements and avoiding disruptions of key services
Likewise, they have also built solutions for clients using Microsoft 365 Copilot technology. For example, they have created Copilots for a variety of industries and functions including finance, manufacturing, supply chain, retail, and consumer goods and healthcare.
Another part of the new practice will be educating clients how to use the technology, using an “Azure Generative AI Engineer Nanodegree program” to teach users how to design, build, and operationalize AI-driven applications on Azure, Microsoft’s cloud computing platform. The online classes will teach learners how to use AI models to solve real-world problems through automation, data insights, and generative AI solutions, the firms said.
“We are pleased to deepen our collaboration with Accenture to help our mutual customers develop AI-first business processes responsibly and securely, while helping them drive market differentiation,” Judson Althoff, executive vice president and chief commercial officer at Microsoft, said in a release. “By bringing together Copilots and human ambition, paired with the autonomous capabilities of an agent, we can accelerate AI transformation for organizations across industries and help them realize successful business outcomes through pragmatic innovation.”
Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.
October’s core retail sales as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were unchanged seasonally adjusted month over month but up 5.4% unadjusted year over year.
Core sales were up 3.5% year over year for the first 10 months of the year, in line with NRF’s forecast for 2024 retail sales to grow between 2.5% and 3.5% over 2023. NRF is forecasting that 2024 holiday sales during November and December will also increase between 2.5% and 3.5% over the same time last year.
“October’s pickup in retail sales shows a healthy pace of spending as many consumers got an early start on holiday shopping,” NRF Chief Economist Jack Kleinhenz said in a release. “October sales were a good early step forward into the holiday shopping season, which is now fully underway. Falling energy prices have likely provided extra dollars for household spending on retail merchandise.”
Despite that positive trend, market watchers cautioned that retailers still need to offer competitive value propositions and customer experience in order to succeed in the holiday season. “The American consumer has been more resilient than anyone could have expected. But that isn’t a free pass for retailers to under invest in their stores,” Nikki Baird, VP of strategy & product at Aptos, a solutions provider of unified retail technology based out of Alpharetta, Georgia, said in a statement. “They need to make investments in labor, customer experience tech, and digital transformation. It has been too easy to kick the can down the road until you suddenly realize there’s no road left.”
A similar message came from Chip West, a retail and consumer behavior expert at the marketing, packaging, print and supply chain solutions provider RRD. “October’s increase proved to be slightly better than projections and was likely boosted by lower fuel prices. As inflation slowed for a number of months, prices in several categories have stabilized, with some even showing declines, offering further relief to consumers,” West said. “The data also looks to be a positive sign as we kick off the holiday shopping season. Promotions and discounts will play a prominent role in holiday shopping behavior as they are key influencers in consumer’s purchasing decisions.”
That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.
Researchers found a steep rise in slack across North American supply chains due to declining factory activity in the U.S. In fact, purchasing managers at U.S. manufacturers made their strongest cutbacks to buying volumes in nearly a year and a half, indicating that factories in the world's largest economy are preparing for lower production volumes, GEP said.
Elsewhere, suppliers feeding Asia also reported spare capacity in October, albeit to a lesser degree than seen in Western markets. Europe's industrial plight remained a key feature of the data in October, as vendor capacity was significantly underutilized, reflecting a continuation of subdued demand in key manufacturing hubs across the continent.
"We're in a buyers' market. October is the fourth straight month that suppliers worldwide reported spare capacity, with notable contractions in factory demand across North America and Europe, underscoring the challenging outlook for Western manufacturers," Todd Bremer, vice president, GEP, said in a release. "President-elect Trump inherits U.S. manufacturers with plenty of spare capacity while in contrast, China's modest rebound and strong expansion in India demonstrate greater resilience in Asia."
Even as the e-commerce sector overall continues expanding toward a forecasted 41% of all retail sales by 2027, many small to medium e-commerce companies are struggling to find the investment funding they need to increase sales, according to a sector survey from online capital platform Stenn.
Global geopolitical instability and increasing inflation are causing e-commerce firms to face a liquidity crisis, which means companies may not be able to access the funds they need to grow, Stenn’s survey of 500 senior e-commerce leaders found. The research was conducted by Opinion Matters between August 29 and September 5.
Survey findings include:
61.8% of leaders who sought growth capital did so to invest in advanced technologies, such as AI and machine learning, to improve their businesses.
When asked which resources they wished they had more access to, 63.8% of respondents pointed to growth capital.
Women indicated a stronger need for business operations training (51.2%) and financial planning resources (48.8%) compared to men (30.8% and 15.4%).
40% of business owners are seeking external financial advice and mentorship at least once a week to help with business decisions.
Almost half (49.6%) of respondents are proactively forecasting their business activity 6-18 months ahead.
“As e-commerce continues to grow rapidly, driven by increasing online consumer demand and technological innovation, it’s important to remember that capital constraints and access to growth financing remain persistent hurdles for many e-commerce business leaders especially at small and medium-sized businesses,” Noel Hillman, Chief Commercial Officer at Stenn, said in a release. “In this competitive landscape, ensuring liquidity and optimizing supply chain processes are critical to sustaining growth and scaling operations.”
With six keynote and more than 100 educational sessions, CSCMP EDGE 2024 offered a wealth of content. Here are highlights from just some of the presentations.
A great American story
Author and entrepreneur Fawn Weaver closed out the first day of the conference by telling the little-known story of Nathan “Nearest” Green, who was born into slavery, freed after the Civil War, and went on to become the first master distiller for the Jack Daniel’s Whiskey brand. Through extensive research and interviews with descendants of the Daniel and Green families, Weaver discovered what she describes as a positive American story.
She told the story in her best-selling book, Love & Whiskey: The Remarkable True Story of Jack Daniel, His Master Distiller Nearest Green, and the Improbable Rise of Uncle Nearest. That story also inspired her to create Uncle Nearest Premium Whiskey.
Weaver discussed the barriers she encountered in bringing the brand to life, her vision for where it’s headed, and her take on the supply chain—which she views as both a necessary cost of doing business and an opportunity.
“[It’s] an opportunity if you can move quickly,” she said, pointing to a recent project in which the company was able to fast-track a new Uncle Nearest product thanks to close collaboration with its supply chain partners.
A two-pronged business transformation
We may be living in a world full of technology, but strategy and focus remain the top priorities when it comes to managing a business and its supply chains. So says Roberto Isaias, executive vice president and chief supply chain officer for toy manufacturing and entertainment company Mattel.
Isaias emphasized the point during his keynote on day two of EDGE 2024. He described how Mattel transformed itself amid surging demand for Barbie-branded items following the success of the Barbie movie.
That transformation, according to Isaias, came on two fronts: commercially and logistically. Today, Mattel is steadily moving beyond the toy aisle with two films and 13 TV series in production as well as 14 films and 35 shows in development. And as for those supply chain gains? The company has saved millions, increased productivity, and improved profit margins—even amid cost increases and inflation.
A framework for chasing excellence
Most of the time when CEOs present at an industry conference, they like to talk about their companies’ success stories. Not J.B. Hunt’s Shelley Simpson. Speaking at EDGE, the trucking company’s president and CEO led with a story about a time that the company lost a major customer.
According to Simpson, the company had a customer of their dedicated contract business in 2001 that was consistently making late shipments with no lead time. “We were working like crazy to try to satisfy them, and lost their business,” Simpson said.
When the team at J.B. Hunt later met with the customer’s chief supply chain officer and related all they had been doing, the customer responded, “You never shared everything you were doing for us.”
Out of that experience, came J.B. Hunt’s Customer Value Delivery framework. The framework consists of five steps: 1) understand customer needs, 2) deliver expectations, 3) measure results, 4) communicate performance, and 5) anticipate new value.
Next year’s CSCMP EDGE conference on October 5–8 in National Harbor, Md., promises to have a similarly deep lineup of keynote presentations. Register early at www.cscmpedge.org.