Connecting with Millennial Agenda 2 • Millennial Definition • Millennial Survey results • Millennial Strategy update • Engaging Millennial in Local chapter © APICS Confidential and Proprietary Millennial Millennials is the generation of people born between 1980 and 1995. However, these boundaries aren’t set in stone. 3 © APICS Confidential and Proprietary Millennial Survey Surprisingly Similar with Some Important Differences Although APICS is still dominated by Baby Boomers and Gen X’ers, Millennials are advancing Generation Survey Response % Years Born Millennials 19-20% 1980-1995 Gen X 41% 1965-1979 Baby Boomer 39% 1946-1964 This is not surprising given the nature and purpose of professional societies. However, it is interesting to note that 41% of respondents across generations selected Millennial-like responses to specific survey questions. It is likely that this indicates: • The influences on the Millennial generation are also influences on other generations; and • The influence that the Millennial generation is having on other generations. 5 © APICS Confidential and Proprietary 41% of all survey responses mimic Millennials Generational Selections "I WORK HARD AND EXPECT OTHERS TO DO THE SAME. I AM AT MY BEST WHEN COMPETITION DRIVES ME AND MY ORGANIZATION TO GREATER REWARD. GOOD COMMUNICATION AND INPUT IS IMPORTANT. WHEN PRACTICAL, I PREFER IN-PERSON COMMUNICATION TO THE MORE IMPERSONAL FORMS LIKE 34% Boomer I VALUE MY INDEPENDENCE AND A GOOD WORK-LIFE BALANCE. I WELCOME SOLUTIONS SUCH AS FLEX-TIME AND TELECOMMUTING. CORPORATE CULTURE IS NOT MY LIFE. I MAKE MY OWN CAREER. I WILL LISTEN AND LEARN FROM MY COMPANY, BUT KNOW I CAN ALSO TEACH MYSELF. Gen-X "I AM CONFIDENT. I WORK HARD, BUT VERY MUCH ENJOY MY TIME OFF AS WELL. I EMBRACE NEW FORMS OF TECHNOLOGY, AND PREFER TO PURCHASE THESE ITEMS SOON AFTER LAUNCH." Millennial 11% "I AM BUSY. I CONSIDER MYSELF A CAUTIOUS CONSUMER, FAVOR FUNCTION OVER APPEARANCE, AND TRY TO BUY LOCALLY WHEN POSSIBLE." Millennial 11% "I AM OPTIMISTIC. I SPEND CAREFULLY, AM COMFORTABLE USING SOCIAL MEDIA, AND TRY TO "GIVE BACK" TO THE COMMUNITY AS MUCH AS I CAN." 41% Millennial 10% "I AM SOCIAL. I MAKE AN EFFORT TO REMAIN AVAILABLE TO THOSE I CARE ABOUT THROUGHOUT THE DAY, CONSIDER MYSELF AN ACTIVE PERSON, AND SPEND A LOT OF TIME ONLINE FOR BOTH BUSINESS AND PLEASURE." Millennial "I VALUE TRADITION. I KNOW WHAT I WANT IN LIFE, PREFER FACE TO FACE COMMUNICATION, AND FAVOR PRINT MEDIA." Millennial 6 24% 5% 4% © APICS Confidential and Proprietary 0% 5% 10% 15% 20% 25% 30% 35% 40% But 51% of Millennials mimic Boomers and Gen x’ers 7% lower Boomer Same Gen X 7% higher Millennial Millennial 1% lower Millennial 5% higher Millennial 2% lower Millennial 7 © APICS Confidential and Proprietary 2% lower Current APICS customers, regardless of generation, are engaged with APICS to continue professional education and become certified Which of the following statements best describers your current relationship with APICS? All respondents 8 © APICS Confidential and Proprietary Millennials, perhaps based on their age and level of experience, are pursuing certification at a higher rate. Which of the following statements best describers your current relationship with APICS? Millennials 9 © APICS Confidential and Proprietary Each generation brings more women to APICS Gender by Generation 24% Boomer 76% 37% Gen X 63% 40% Millennial 60% 0% 10% 20% 30% Female 10 © APICS Confidential and Proprietary 40% Male 50% Linear (Female) 60% 70% 80% Millennial Summary and Takeaways Millennials are: • A big generation -- not one we are used to serving (GenX and Boomers) • More female • High educated • Financially cautious and research driven • Community and social network influenced in decision making • Expecting to be heard and to influence • Values driven 11 © APICS Confidential and Proprietary Millennial strategic Plan update Millennial Strategy Intent To create an organization-wide millennial strategy that demonstrates – A thorough examination and understanding of the general millennial population; and – An analysis of the current APICS millennial population and how this group aligns with or is different than our other generational populations. Our millennial strategy is designed to – Fulfill Board’s request for additional study and insight – Serve as guideposts for decision making – Evolve as we learn more about this generation Successfully executed, our millennial strategy will – Enable differentiation of our products and services – Ensure the relevancy of our marketing – Fuel growth and continued organization success 13 © APICS Confidential and Proprietary Millennial Strategy - Five Guiding Tenets These tenets serve as guideposts to help us understand our 34 & under market segment 1. Educated and advancing. Differentiating themselves through education is a way to hit the next career level, earn more, pay off their loans and support the lifestyle they want. 2. Value and values-driven. They are cautious consumers seeking deals, but also like to show their commitment to the issues that speak to their heart. 3. Technologically astute. This is the online generation. They expect state-of-the-art interaction. If it takes too long to load, they “x” out. If it looks ugly, it’s over. 4. Image conscious, socially networked. Continuously curating their personal brand, sharing their thoughts, influenced by and influencing others, with the expectation they will be heard and receive a rapid response. 5. Diverse and different. More women and more minorities with more education entering the supply chain and operations management workforce. This is not a one-size-fits-all generation and it’s not a global phenomenon. 14 © APICS Confidential and Proprietary Note: Based on an amalgam of secondary and primary research. For Example… Tenet What it means Educated and advancing Career advancement messages will continue to resonate Value and values-driven Need to demonstrate value; may not need to be entirely financial Technologically astute Website must work: visually appealing, easy to navigate More online, more apps Image conscious, socially networked Make them look good; help them share their success 2-way social channels Diverse and different Help them see themselves Mass customization 1:1 marketing enabled by technology 15 © APICS Confidential and Proprietary Strategy Activation Actively marketing to millennials now – with the expectation that they will become a greater portion of our members and customers – Increasing emphasis on channels that are important to millennials – Implementing more tactics and messages to align with millennial personas Examined the market and are instituting our strategy – Used by marketing team – Reviewed our learnings with all APICS directors – Incorporating “Millennial mindset” into product development As you’ll see, the newly developed membership strategy includes a strong millennial component. It’s an example of our millennial strategy in action. 16 © APICS Confidential and Proprietary Engaging Millennials Community Events • Discover Manufacturing: Career Expo for High School Students "I never thought manufacturing would offer so many positions within the office environment." 18 © APICS Confidential and Proprietary Innovative PDM’s • Networking and Leadership • How about a PDM to educate Millennial on Networking? 19 © APICS Confidential and Proprietary Sub-Committee in Local Board • 20 Getting Millennial engaged in local board through leadership opportunities © APICS Confidential and Proprietary 21 © APICS Confidential and Proprietary
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