Club Meeting November 16th, 2006 0 November 16th, 2006 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 1 November 16th, 2006 th 11 International Operations Case Competition 2 November 16th, 2006 International Case Competition Winners 1st Vanderbilt 2nd Tepper 3rd Darden Thanks to volunteers Thanks to our team! 3 November 16th, 2006 Internship Search 4 November 16th, 2006 Statistics School Facilitated (71%) On Campus (46%) Alumni, Job Fairs, Job Postings, etc. (25%) Individual Search (22%) Contact Companies, Friends, Webpage Not Reported (7%) 5 November 16th, 2006 Application Timeline Nov 2006 ID Dec 2006 Jan 2007 Feb 2007 Mar 2007 Apr 2007 May 2007 Task Name 11/19 11/26 12/3 12/10 12/17 12/24 12/31 1 Target Companies 2 Contact Alumni 3 Contact 2nd Years 4 Contact Companies 5 Review Website 6 Apply to Companies 7 Narrow companies 8 Interviews 1/7 1/14 1/21 1/28 2/4 2/11 2/18 2/25 3/4 3/11 3/18 3/25 4/1 4/8 4/15 4/22 4/29 Finance & Consulting Operations & Marketing 6 November 16th, 2006 5/6 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. 7 November 16th, 2006 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! 8 November 16th, 2006 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 9 November 16th, 2006 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. 10 November 16th, 2006 Some Typical POM Terminology 'Lean' concept Delphi method (forecasting) JIT / JIT-II Newsvendor Problem Kanban TQM Data Matrix / Maxicode / PDF 417 code Reengineering Peak load pricing VMI (Vendor managed Inventory) RO-RO Reverse Logisitics Shrinkage Economic Order Quantity (EOQ) Six Sigma RFID VSM VAR (Value Added Reseller) WMS (Warehouse Management System) 11 November 16th, 2006 Where Can I Go For More Information? Associations / Websites Operations / Production Textbooks Academic Journals / Magazines 12 November 16th, 2006 Associations American Production and Inventory Control Society 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/ 13 http://www.apics.org November 16th, 2006 Websites http://www.supplychainplanet.com/ http://www.manufacturing.net Related sites with SCM info http://www.ittoolbox.com/ http://www.cio.com/research/scm/ 14 November 16th, 2006 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 15 November 16th, 2006 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. 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 16 Cases in November 16th, 2006 Operations Electives Mini 3 and Mini 4 17 November 16th, 2006 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 18 November 16th, 2006 Operations Projects Prof. Kekre Highmark (Operations, Strategy, IT) Citibank (Operations, IT) Bosh (India – global opportunity) 7-8 weeks Mini 3 – Mini 4 - Summer 19 November 16th, 2006 Other Electives Mini 3 Corporate Finance Interpersonal Negotiations Competitive Strategy and the New Economy Mini 4 Pricing Strategy Strategic Corporate Management 20 November 16th, 2006 Upcoming Events 21 November 16th, 2006 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 22 November 16th, 2006