Oct 172017
 
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Walmart CEO Doug McMillon

Walmart CEO Doug McMillon shared how he’s leading change and evolving the business of a 52 year-old company: “When making decisions, move with speed but use collective wisdom.” During an interview at Stanford Graduate School of Business, McMillon also discussed the impact of globalization and culture on today’s business strategy.

Walmart CEO Quotes

  • “I was always intrigued when I was growing up, and then in engineering school, with the idea of a perpetual machine. I think of the Wal-Mart culture as that.” ~ Mike Duke, former Walmart CEO
  • “It’s interesting: the letters I get from mayors that want Wal-Mart to look and invest in their community.” ~ Mike Duke
  • “There’s a lot more business out there in small town America than I ever dreamed of.” ~ Sam Walton, created the Walmart Supply Chain.
  • “One of the things that strikes me is so many of the critics are people whose lifestyle doesn’t change when the price of fuel changes, or if they keep a Wal-Mart store out of their area.” ~ Lee Scott, former Walmart CEO and VP of Logistics.
  • “There’s not an individual in these whole United States who has been in more retail stores than Sam Walton” ~ Bud Walton (Sam’s brother)
  • “The secret of successful retailing is to give your customers what they want” ~ Sam Walton, Supply Chain Guru.
  • “Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free and worth a fortune.” ~ Sam Walton, Supply Chain Expert.
  • “I learned a long time ago that exercising your ego in public is definitely not the way to build an effective organization.”  ~ Sam Walton

Lee Scott and Mike Duke were both VP of Logistics at Walmart before taking the CEO position.  Supply Chain is very important at Walmart.  It is important for retail CEO’s to understand Supply Chain.  Walmart CEO Doug McMillon has plenty of Supply Chain experience as well.  He worked at Walmart while in high school.

For those doing research regarding Walmart check out some of the videos below.  We included videos about Amazon as well because there is so much competition between Amazon and Walmart.

Walmart Supply Chain CEO Doug McMillon

Walmart Supply chain

 

 

Oct 172017
 
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The Beer Game

Professors Brad Morrison, Jim Hines, and Paulo Gonçalves teach their organizational behavior and supply chain management classes how to play the beer game.

 

Here are some other great business videos.

 

Oct 142017
 
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Supply Chain Business Blogs

Large assortment of supply chain training and business blogs.  Topics include supply chain videos about Walmart, Amazon, Alibaba, Apple, Tesla etc.  Hear from top business minds such as Elon Musk (CEO Tesla, SpaceX, Solar City), Indra Nooyi (CEO Pepsi), Doug McMillon (CEO Walmart), Tim Cook (CEO Apple), Jack Ma (CEO Alibaba), Mark Zuckerberg (CEO Facebook), etc.

“Supply Chain – the supply chain starts from the origin of the raw material and ends once the product has been discarded or recycled.” ~SupplyChainToday.com

supply chain

“Supply Chain is simple when broken into small pieces.  But breaking it into understandable small pieces can be the difficult part.” ~EverythingSupplyChain.com

supply chain blogs

“The digital supply chain: blockchain, IoT, Big Data, Drones, Cloud, AI, Machine Learning, Deep Learning…” ~SupplyChainToday.com

machine learning supply chain

“Focus on the lowest total cost of ownership, not the price.” ~EverythingSupplyChain.com

supply chain tco

 

“Believe you can and you’re halfway there.” ~Theodore Roosevelt

Supply Chain Blogs

 

 

 

 

 

 

 

 

Oct 112017
 
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the most magical animal on the face of the planet, that grazes all day and sleeps at night.  Known fact giraffes graze and have the most purposeful life.  Their job is to warn other animals when predators are coming, since they can see over everything with their long necks (EDUCATION).  Elephants do not stand a chance against their magesticness.

Oct 032017
 
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Strategic Sourcing and Better Contract Negotiations

This is a 30 minute video on strategic sourcing and making better contract negotiations.  Definitely good information.

Strategic Sourcing Training

Negotiation and Strategic Sourcing Quotes.

  • “You don’t want to negotiate the price of simple things you buy every day.” ~ Jeff Bezos – CEO Amazon.
  • “The most important trip you may take in life is meeting people half way.”  ~ Henry Boyle
  • “During a negotiation, it would be wise not to take anything personally. If you leave personalities out of it, you will be able to see opportunities more objectively.” ~ Brian Koslow
  • “Negotiations are worthless if neither party is willing to budge.” ~ Dave Waters
  • “A negotiator should observe everything. You must be part Sherlock Holmes, part Sigmund Freud.” ~ Victor Kiam
  • “Let us never negotiate out of fear. But let us never fear to negotiate.”  ~John F. Kennedy
  • “Focus on the lowest total cost of ownership, not the lowest price.” ~EverythingSupplyChain.com
  • “Never cut what you can untie.” ~ Joseph Joubert
  • “The most difficult thing in any negotiation, almost, is making sure that you strip it of the emotion and deal with the facts.” ~ Howard Baker
  • “There are people who are in debt that make $500,000 a year.  There are people who have all their bills paid with no debt who make $50,000 a year.  It’s easy to negotiate an “increase in your salary” just change your spending habits.” ~ Dave Water

Strategic Sourcing

Oct 032017
 
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Why Elon Musk, Stephen Hawking and Mark Cuban Fear Artificial Intelligence.

There is a great deal of concerning regarding artificial intelligence (AI).  If AI begins to think for itself how will it evolve?  What will it create?

“Listening to Bill Gates, Elon Musk and Stephen Hawking talk about artificial intelligence remind me of the Jurassic Park Scene where they talk about chaos theory.” ~Dave Waters

regulate artificial intelligence elon musk stephen hawking bill gates

“Artificial Intelligence, Deep Learning, Machine Learning – whatever you’re doing if you don’t understand it – learn it.  Because otherwise you’re going to be a dinosaur within 3 years.” ~Mark Cuban

Mark Cuban artificial intelligence machine learning deep learning

“Artificial Intelligence (AI) is an infant at best.  Once it becomes a teenager and believes it is smarter than its parents will AI rebel?” ~Dave Waters

artificial intelligence quote

“If Elon Musk is wrong about artificial intelligence and we regulate it who cares.  if he is right about AI and we don’t regulate it we will all care.” ~Dave Waters

Elon Musk Artificial intelligence

“With artificial intelligence, we are summoning the demon.” ~Elon Musk

artificial intelligence elon musk quotes

 

 

Oct 012017
 
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Famous People Who Failed at Their First Attempt

There are so many famous people who would not be famous today if not for their persistence. We are all going to fail. Keep trying. Make it happen for yourself.

Leadership Quotes:

  • “Eagles don’t flock – you have to find them one at a time.” ~ H. Ross Perot
  • “My job is not to be easy on people. My job is to make them better.” ~ Steve Jobs
  • “Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it’s amazing what they can accomplish.”  ~ Sam Walton
  • “To have long term success as a coach or in any position of leadership, you have to be obsessed in some way.”   ~ Pat Riley
  • “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”   ~ John Quincy Adams
  • “Become the kind of leader that people would follow voluntarily; even if you had no title or position.” ~ Brian Tracy
  • “To lead people, walk behind them.”   ~ Lao Tzu

Leadership and Motivational Blogs.

“The word impossible has been and must remain deleted from our dictionary.” ~Ingvar Kamprad, founder and CEO of IKEA.

Famous People Who Failed

“What’s dangerous is not to evolve.” ~Jeff Bezos, founder and CEO of Amazon.

famous failures

Famous People Who Failed

“I’m a normal guy.” ~Jack Ma, founder and CEO of Alibaba.

famous failures

Oct 012017
 
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THE WINNING MENTALITY

Have a winning mentality to be great.  Everybody has a gift to be great.  But it is up to you to find that gift and do what it takes to be successful.  Take action, that is what will change your life.  Don’t let fear stop you.  The body has limitations the mind does not. Make a decision to make things happen, then go out and do it.  Do you have a winning mentality?

Motivation Quotes.

  • “It’s the little details that are vital. Little things make big things happen.” ~ John Wooden
  • “The only place success comes before work is in the dictionary” ~ Vince Lombardi
  • “He who is not courageous enough to take risks will accomplish nothing in life.” ~ Muhammad Ali
  • “Let me tell you something you already know. The world ain’t all sunshine and rainbows. It’s a very mean and nasty place and I don’t care how tough you are it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain’t about how hard ya hit. It’s about how hard you can get it and keep moving forward. How much you can take and keep moving forward. That’s how winning is done! Now if you know what you’re worth then go out and get what you’re worth. But ya gotta be willing to take the hits, and not pointing fingers saying you ain’t where you wanna be because of him, or her, or anybody! Cowards do that and that ain’t you! You’re better than that!” ~ Rocky Balboa
  • “Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit” ~ Conrad Hilton
  • “The only failure which lacks dignity is the failure to try” ~ Malcolm F. MacNeil

Motivational, CEO and Leadership Blogs.

winning mentality

Sep 292017
 
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Top Retail Supply Chain Blogs: Alibaba, Amazon, IKEA, Walmart

We aggregated some of the top blogs on the retail supply chain.  The focus is on Walmart, IKEA, Amazon and Alibaba.  The Walmart supply chain is legendary.  Sam Walton’s supply chain innovations were key in the low price strategy of Walmart.  It was difficult for anyone to compete with Walmart until Amazon came around and changed everything with online shopping.  Many people thought it was crazy for Jeff Bezos to start a company to sell books online but no one is thinking he is crazy now.  The Amazon supply chain continues to improve the time it takes to deliver product to your door.  Some call Alibaba the Amazon of China.  Alibaba does have a different model than Amazon and is a great company to research for what they have done to make a world class supply chain.  Watch the videos on Jack Ma, CEO of Alibaba, they are very insightful.  IKEA changed the furniture market.  IKEA’s flat pack concept made affordable furniture available to everyone.  Ingvar Kamprad is the founder and CEO of IKEA.  It is interesting to see some of the similarities between Ingvar Kamprad and Sam Walton.  If you find the information below useful please feel free to share it.

supply chain alibaba amazon ikea walmart

Retail Supply Chain Quotes.  Alibaba, Amazon, IKEA and Walmart.

Jack Ma is the founder and CEO of Alibaba.

  • “I’m a normal guy.” ~ Jack Ma
  • “Never ever compete on prices, instead compete on services and innovation.” ~ Jack Ma
  • “Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.” ~ Jack Ma
  • “If we are a good team and know what we want to do, one of us can defeat ten of them.” ~ Jack Ma
  • “My job is to help more people have jobs.” ~ Jack Ma
  • “If you don’t give up, you still have a chance. Giving up is the greatest failure.” ~ Jack Ma

Supply Chain Alibaba Amazon IKEA Walmart

  • “You need the right people with you, not the best people.”  ~ Jack Ma
  • “I’m not a tech guy. I’m looking at the technology with the eyes of my customers, normal people’s eyes.” ~ Jack Ma

Jeff Bezos is the founder and CEO of Amazon.

  • “You don’t want to negotiate the price of simple things you buy every day.” – Jeff Bezos
  • “All businesses need to be young forever. If your customer base ages with you, you’re Woolworth’s.” ~ Jeff Bezos, founder of Amazon.
  • “The smartest people are constantly revising their understanding, reconsidering a problem they thought they’d already solved. They’re open to new points of view, new information, new ideas, contradictions, and challenges to their own way of thinking.” ~ Jeff Bezos
  • “We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.” ~ Jeff Bezos
  • “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” ~ Jeff Bezos, built the Amazon Supply Chain.
  • “Things never go smoothly.” ~ Jeff Bezos
  • “What’s dangerous is not to evolve.” – Jeff Bezos

Amazon supply chain

  • “If your customer base is aging with you, then eventually you are going to become obsolete or irrelevant. You need to be constantly figuring out who are your new customers and what are you doing to stay forever young.” ~ Jeff Bezos
  • “If you make customers unhappy in the physical world, they might each tell 6 friends. If you make customers unhappy on the Internet, they can each tell 6,000 friends.” ~ Jeff Bezos
  • “The best customer service is if the customer doesn’t need to call you, doesn’t need to talk to you. It just works.” ~ Jeff Bezos

Ingvar Kamprad is the founder and CEO of IKEA.

  • “The word impossible has been and must remain deleted from our dictionary.” ~ Ingvar Kamprad

IKEA Supply Chain

  • “Only those who are asleep make no mistakes.” ~ Ingvar Kamprad, founder of IKEA.
  • “If there is such a thing as good leadership, it is to give a good example. I have to do so for all the Ikea employees.” ~ Ingvar Kamprad
  • “People say I am cheap, and I don’t mind if they do.” ~ Ingvar Kamprad
  • “The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.” ~ Ingvar Kamprad
  • “The IKEA spirit is strong and living reality. Simplicity in our behavior gives us strength. Simplicity and humbleness characterize us in our relations with each others, our suppliers and our customers.” ~ Ingvar Kamprad
  • “IKEA is not completely perfect. It irritates me to hear it said that IKEA is the best company in the world. We are going the right way to becoming it but we are not there yet.” ~ Ingvar Kamprad
  • “Making mistakes is the privilege of the active. It is always the mediocre people who are negative, who spend their time proving that they were not wrong.” ~ Ingvar Kamprad
  • “Time is your most important resource. You can do so much in ten minutes. Ten minutes; once gone is gone for good.” ~ Ingvar Kamprad

Sam Walton is the founder and was CEO of Walmart.

  • We’re all working together; that’s the secret.”  ~ Sam Walton

Walmart Supply Chain

  • “Outstanding leaders go out of their way to boost the self esteem of their personnel. If people believe in themselves it s amazing what they can accomplish.” ~ Sam Walton
  • “What we guard against around here is people saying, ‘Let’s think about it.’ We make a decision. Then we act on it.” ~ Sam Walton

Supply Chain Alibaba Amazon IKEA Walmart

  • I probably have traveled and walked into more variety stores than anybody in America. I am just trying to get ideas, any kind of ideas that will help our company.  ~Sam Walton
  • “Celebrate your successes. Find some humor in your failures. Don’t take yourself so seriously. Loosen up, and everybody around you will loosen up. Have fun. Show enthusiasm – always.”   ~ Sam Walton
  • “When all else fails, put on a costume and sing a silly song. Then make everybody else sing with you. Don’t do a hula on Wall Street. It’s been done. Think up your own stunt. All of this is more important, and more fun, than you think, and it really fools the competition. “Why should we take those cornballs at Wal-Mart seriously?”  ~ Sam Walton
  • There is only one boss – the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.  ~Sam Walton
  • Celebrate your successes. Find some humor in your failures. Don’t take yourself so seriously. Loosen up, and everybody around you will loosen up. Have fun. Show enthusiasm – always.   ~Sam Walton

 

Sep 232017
 
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Great CEO Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar Kamprad.

Sam Walton is the founder and past CEO of Walmart.  Jeff Bezos is the founder and CEO of Amazon.  Jack Ma is the founder and CEO of Alibab.  Ingvar Kamprad is the founder and CEO of IKEA.  These four people are founders of retail giants.  They have all had significant contributions to supply chain.

“I have always been driven to buck the system, to innovate, to take things beyond where they’ve been.” ~Sam Walton.

Walmart supply chain

“Great ideas come from everywhere if you just listen and look for them.  You never know who’s going to have a great idea.” ~Sam Walton.

Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar kamprad

“High expectations are the key to everything.” ~SupplyChainToday.com.

Walmart supply chain quote

“One of the only ways to get out of a tight box is to invent your way out.” ~Jeff Bezos.

Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar kamprad Supply Chain

“I knew that if I failed i wouldn’t regret that, but I knew the one thing I might regret is not trying.” ~Jeff Bezos, CEO Amazon. 

Jeff Bezos Amazon Supply Chain

“You don’t want to negotiate the price of simple things you buy everyday.” ~Jeff Bezos, Supply Chain Innovator.

jeff bezos Amazon Supply Chain

“Making mistakes is the privilege of the active.  It is always the mediocre people who are negative, who spend their time proving that they were not wrong.” ~Ingvar Kamprad, CEO IKEA.

IKEA Supply Chain

“If there is such a thing as good leadership, it is to give a good example.  I have to do so for all the IKEA employees.” ~Ingvar Kamprad, Supply Chain Innovator.  

Ingvar Kamprad quotes IKEA CEO

“Waste of resources is a mortal sin at IKEA.” ~Ingvar Kamprad, CEO IKEA.  

Supply Chain Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar kamprad

“Never deceive others, in business or in life.  In 1995, I was deceived by four companies – four companies that are now closed.  A company cannot go far by deceit.” ~Jack Ma, CEO Alibaba.

Jack Ma Quotes Alibaba CEO

“I don’t want to be liked.  I want to be respected.” ~Jack Ma, CEO Alibaba. 

Alibaba Supply Chain

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