Post #1 - What I Wonder About My Future

What is the general definition of supply chain management?

• After reading the author's definition in Essentials of Supply Chain Management by Michael H. Hugos, I've put in my own words that it simply is the practice of producing, moving what ever has been produced to a specific place of origin, and every step in between. This brings me to my next question, which regards to the major key concepts of supply chain management.

What are the key concepts of supply chain management?

• For supply chain to work in a successful manner, it must follow an organized pattern. The 5 key points that explains this are as follows:
• Production
• Inventory
• Location
• Transportation
• Information

Who are the participants in a supply chain system?

• A supply chain consists of a company, the suppliers, and the customers. Other than this simple group of participants, you could also say that there are sub-groups as well. For example, you have the suppliers of that company and its own suppliers, the customer's customers, and the companies that are acting as providers to other companies.

What jobs could one get after majoring in supply chain management?

• Logistics Analyst/Manager
• Supply Chain Analyst 
• Supply Chain Manager 
• Fleet Manager
• Warehouse Operations Manager
• Facilities Manager

What is the salary of a supply chain management professional?

• Anywhere from $40,000 to a little over $90,000.

What is marketing?

• According to a Forbes article, marketing is summed up as how meaningful a product is and why it should be useful for the public.

What is marketing's mission?

• In another Forbes article, the mission stands to be the "leading designer and integrator of innovative, tailored technology solutions that empower people to push the boundaries of what is possible."
• In the same article, it says, "The Bureau of Labor Statistics, a division of the U.S. Department of Labor, defines marketing professionals as those who examine market conditions to determine potential sales of a product or service. They also monitor trends that indicate the need for new products and services, and oversee the development of those products. In addition, marketing associates identify potential customers and create marketing campaigns and pricing strategies."

What does a marketing professional do?

• Advertising media or or products
• Organize campaigns and research studies
• Public relations

What are different career paths in marketing?

• Advertising Manager
• Public Relations Manager
• Marketing Manager
• Promotions Manager
• Brand Manager
• Sales Manager
• Market Research Analyst 

What is the highest paying salary of a marketing professional?

• A high paid marketing professional could be paid anywhere over $100,000.

Sources:

- Hugos, Michael H. Essentials of Supply Chain Management. 3rd ed. Hoboken, NJ: Wiley, 2011. Print.

- "Spotlight on Supply Chain Careers." Supply Chain Management Careers. N.p., n.d. Web. 20 Jan. 2014.

- Smith, Jacquelyn. "The 10 Best Paying Companies For Marketing Professionals."Forbes. Forbes Magazine, 09 July 2013. Web. 20 Jan. 2014.

- SAP Voice. "What Is Marketing?" Forbes. Forbes Magazine, 09 Aug. 2012. Web. 20 Jan. 2014.

- "Marketing Job Description: What You'll Do." Marketing Job Description. N.p., n.d. Web. 20 Jan. 2014.