Savvy marketing professional and educator Dr. Linda Silver Coley is committed to helping students develop the leadership and analytical skills they'll need as future supply chain decision makers.
Dr. Linda Silver Coley sees a tight inter- dependence between supply chain management and her main field of study. The assistant professor of marketing at Miami University (Ohio) works hard to ensure that marketing students and practitioners recognize the importance of supply chain thought and business processes in market-oriented decision making.
But that's not her sole focus. As a passionate educator, Coley is dedicated to empowering her students to discover their innate leadership abilities. And as a former marketing executive, she is committed to helping them become the worldclass business leaders of tomorrow.
Madeleine Miller-Holodnicki, CSCMP's Manager of Communications and Senior Editor of Supply Chain Quarterly, recently spoke with Coley about her philosophy of excellence in both the academic and business realms.
Name: Dr. Linda Silver Coley Title: Assistant Professor Organization: Marketing Department, Miami University, Oxford, Ohio U.S.A.
BS in chemistry, Bennett College, Greensboro, North Carolina
MS in pharmaceutical chemistry, University of Michigan, Ann Arbor, Michigan
MBA in marketing, Xavier University in Cincinnati, Ohio
PhD in marketing, with an emphasis on supply chain management, University of Cincinnati, Ohio
Industry experience (Fortune 500 companies):
Procter & Gamble—technical brand management and product development; consultant to P&G's Home Care global supply chain
Bristol-Myers/Drackett—established brands and new product brand management
Marketing and supply chain management (SCM) seem like an odd couple. What's the link between these two seemingly dis- parate functions?
Marketing students in universities everywhere learn about the "marketing mix," or the "four Ps": product, price, promotion, and place. Supply chain management affects all four of these marketing elements.
Take "price," for example. If a product is to maintain a competitive retail price, then an efficient supply chain needs to be in place to produce the product through strong supply chain relationships between customers and suppliers. When a company decides to promote a product to the consumer, the volume of the product sold and the rate of movement of that product off the shelves triggers decisions that have to be made all the way down the supply chain, even at the raw materials stage.
This is not new thinking. There has always been a link between supply chain management and marketing, but the marketing end of the process was once simply "logistics." If we in academia do not link marketing to the supply chain management function, then we're not properly preparing our students for today's business world. The way marketing is taught at the university level must change to embrace cross-functional SCM.
How important is a supply chain-integra- tive education to entering and succeed- ing in business?
I encourage as many of my marketing students as possible to minor in supply chain management. On the flip side, I also encourage my SCM students to take an advanced marketing course. Here at Miami University, we're making the move to integrate marketing and SCM as well as reframing our courses to be more experiential. In the broader sense, I believe that supply chain management should be a required core course in every business school.
Is there any value to a senior-level supply chain practitioner to going back to school and getting an advanced degree?
At that level, an advanced supply chain degree is not as important as real-world business training and the kinds of education and training offered by the Council of Supply Chain Management Professionals. The main reason for an individual to pursue an advanced degree is if he or she wants to teach or conduct research in supply chain management at the college or university level.
I earned my PhD for this reason alone—to teach courses and do research that integrate marketing and supply chain management. I wanted to make an impact on the fields of marketing and SCM. I was determined not to miss out on the supply chain management phenomenon.
What are your marketing students convers- ing about in the classroom?
My students are engaged in dialogue about the impact and value of intangibles and how you can't measure them. They're having conversations about supply chain management, the effect of customer and supplier relationships on innovation, co-ownership of processes between suppliers and customers, and international issues.
I teach using case studies and an interactive "student as leader and teacher as coach" format, where each day, a student is randomly chosen to be the leader. At the beginning of the semester, students are typically very competitive and want to "win." By the time my class concludes, their focus in the learning environment has changed from "self" to helping "others" succeed. They've learned how to collaborate and support one another through coaching and teamwork. I structure my classrooms to become business learning environments where students have an opportunity to collaborate in pursuit of common goals similar to a real company's, such as designing a product.
You're passionate about the subject of lead- ership. Why? What does "leadership" mean to you?
I'm passionate about leadership because I'm helping to train the next generation of leaders. My personal leadership style could be described as a combination of "servant" leadership—setting my own ego aside to humbly serve others—and "transformational" leadership—making positive change happen by modeling appropriate behavior and allowing students to have a voice in the learning process.
However, I don't want my students to mimic my leadership style. I try to help them find their own styles. But I teach that leadership is not just about traits like honesty, integrity, respect, and abilities; it is also a dynamic process between the leader and the follower. Sometimes I am the leader in my classrooms, but most of the time, my students go to the front of the class to develop their own unique leadership styles.
What is your definition of exceptional leadership?
I do not believe we can define exceptional leadership because it truly depends on the situation and the desired outcome. There are many examples of exceptional leadership throughout history. There have been effective leaders who have had evil desired outcomes. And there have been effective leaders with kind and benevolent desired outcomes. This is why I am intrigued by leadership…it's multidimensional.
Walk us through your teaching career.
I have been teaching for over 18 years but have only been on the tenure track for two years. I've taught successfully at several large and small institutions as well as at public and private universities and colleges, including the University of Illinois at Urbana- Champaign (UIUC); the University of Cincinnati; Xavier University and the College of Mount St. Joseph, both in Cincinnati, Ohio; and Thomas More College in northern Kentucky.
At Miami University's Farmer School of Business, I teach marketing strategy to marketing, supply chain management, finance, and accounting majors. However, I have also taught marketing courses in several undergraduate curriculums in the colleges and universities I just mentioned—courses focusing on the principles of marketing, consumer behavior, market research, sales management, business-to-business marketing, product information and supply management, and marketing strategy.
As a visiting assistant professor at UIUC, I taught new product marketing, new product development, marketing management, and an experiential distribution/supply chain management practicum.
My teaching background and business experience have allowed me to teach marketing and marketingrelated courses to students across disciplines, such as engineering, and across business school departments, such as supply chain management and operations management. While most of my teaching experience has been at the undergraduate level, I've also taught marketing to MBAs at UIUC and to Asian executives in the UIUC master's program.
Tell us about your teaching style and philosophy.
My teaching style is highly interactive, but let me give you some insight into my thinking, which will help explain my teaching style and philosophy.
My motto is "To whom much is given, much is expected," and I approach teaching with this thought in mind. I have been given a lot of ability and a tremendous opportunity to make a positive difference in the lives of my students, and I am humbled by the responsibilities of serving them. I know that highimpact teaching is critical to move students "from good to great."
When I teach, I try to model respect, fairness, and an unpretentious ego while presenting and encouraging leadership agility, boldness, risk taking, and creativity that will cultivate powerful, transformational thinking and ideas that are "outside of the box."
My focus on the needs of the students leads me to teach them everything I can, integrating my knowledge, wisdom, research, and business experiences into my studies. I share my lifelong love of learning and the learning process with all my students with enthusiasm, laughter, and an open mind. As a result, I listen to them and look for opportunities to better understand their worldviews while sharing mine.
I am comfortable with who I am and the knowledge I've acquired, so I empower my students to question me, the authors I present, and each other in a safe environment. I ask students for their opinions and teach them how to disagree with me and their peers as well as with the authors of established business classics while maintaining civility and respect for others and for the learning process.
I encourage my students to take risks and give them opportunities to correct mistakes when lessons are clearly learned. I am able to respect and value their differences and see beyond the obvious to nurture the potential that is sometimes buried. We dialogue in an interactive classroom; we critique each other's ideas and ask probing questions, always seeking new possibilities that are beyond the obvious, because, what if there were no box to think outside of?
Given that one of my goals is to establish a safe, productive, high-impact learning environment, I coach, I mentor, I listen. I fill in the learning gaps while broadening the concept base using any appropriate tool at my disposal. I give my students a voice in the process by allowing them to negotiate the governing rules and consequences to create a sense of mutual responsibility for the learning process and deference for the learning environment.
Yet my position as "teacher" is never compromised. A central component of my teaching is to encourage students to seek resources beyond the classroom and take responsibility for enhancing the learning process. I set high standards and then gently demand the best from myself, from each student, from teams, and from the learning environment. Opportunities for each individual to experience leadership, creativity, relevance, meaning, and success are factored into my approach to teaching. Each individual is encouraged and given the space to reach his own personal next level.
What have your students taught you?
I've learned so many valuable lessons from them, like the importance of consistency, how to be flexible, and how to see the world through their eyes. Each student is unique and interesting, and they all have diverse lives, views, expectations, dreams, and fears.
Compared to when you were in college, what are the students of today like?
The students are the same today as they were when I was in school. They're young people looking for an education to help them bridge the gap or stop the time clock between now and the next phase of their lives. It's the rules of engagement that are different— the world is different, technology is different. The entire educational environment has changed, so expectations have been dramatically altered.
How have expectations changed?
Students today need more hands-on evidence, more experiential learning. Global aspects of learning are also more important. Learning in a silo, versus crossfunctional learning, is a disadvantage to today's young person. A liberal education is becoming more and more important. Technical savvy needs to be complemented with creativity, and intellectual competency needs to be balanced with emotional competence.
What supply chain management business issues are most important to you?
The SCM issues most important to me are those at the strategy level of the firm or the macro level of the supply network. This includes issues that involve multiple relationships between customers and suppliers and sustaining competitive advantage through the process of market-oriented supply chain management, issues of relational and executional leadership competency. I am primarily interested in consumer-driven supply networks.
What are the most significant changes you
have seen in the supply chain management
profession over the past five years?
I'd have to say that the biggest change has been a move from focusing solely on efficiency to looking at business drivers and performance measures.
What's your perspective on globalization?
Students need to understand the markets and consumer needs in various regions of the world and how to satisfactorily serve those markets with global and niche products and services. Here at Miami, we teach students to gain an appreciation of different cultures. Right now, we're focusing on the Asian market. I also use real global case studies in my classes, like Procter & Gamble's Pringles potato chip launch in Italy or the brand-image effect of BMW building an assembly plant in South Carolina.
Globalization is an extremely important issue for marketing and supply chain management students. The world really is "flat" and getting smaller by the day. Today's leaders are now doing business with one giant, global supply network.
What have you learned in your pursuit of knowledge that could potentially change the way we do business?
I've discovered that market-oriented supply chain management, paired with relational and executional leadership competency among suppliers and customers, could possibly aid the continuous process toward sustaining a competitive advantage for the supply network. The outcome of this orientation can lead to remarkable innovations in products, services, or processes across the global marketplace.
How does cscmp energize your professional life?
As a marketing professor who integrates supply chain management, CSCMP provides me with a forum for ideas and for dialogue with like-minded colleagues. I am thrilled to be a member of CSCMP's Education Strategy Committee and to work with these outstanding professionals from all over the world. Being on this important committee gives me the opportunity to help shape the organization's educational agenda and interject a marketing perspective into the process.
What's the best advice anybody ever gave you?
Don't just do the right thing. Do the right thing for the right reason.
What advice would you impart to recently graduated students who are about to enter the supply chain management field?
I would tell them several things. First, "making a living" is important, but it is not as important as "making a life." Don't just go with the highest offer or feel compelled to stick around if you find yourself in a situation that does not suit who you want to be.
Second, I would advise them to check their egos at the door. Being technically competent is important, but possessing emotional competence is more important. Putting the needs of your colleagues and customers ahead of your own will make you a supply chain success.
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.