Day: July 8, 2022

Great read: people want more money & rewarding work (not paperwork). “Stressed-Out Supply Chain Managers Are Throwing in the Towel”

Great read: people want more money & rewarding work (not paperwork). "Stressed-Out Supply Chain Managers Are Throwing in the Towel" - 1) Separation rate increased by 28% last year: LinkedIn. 2) Burnout, search for higher pay spur people to leave jobs.… A survey released last year by recruitment firm DSJ Global showed that more than half of supply-chain and procurement professionals expected their paychecks to increase in the next 12 months. Higher...

Supply chains top CFO business risk concerns: “#1 – raw material costs” Strategic Cost Management (i.e., Price Analysis) has become a lost art…

Supply chains top CFO business risk concerns: "#1 - raw material costs" https://lnkd.in/gK2nRVUs. Strategic Cost Management (i.e., Price Analysis) has become a lost art, kind of like NOT using your car signal when changing lanes or turning (which causes 1M U.S. accidents/year!). Pre-covid: According to a Deloitte 2019 Global Survey of over 1,200 execs directly involved in cost mgmt, cost reduction remained an essential business practice all around the world, with the vast...

Let’s stop saying America does not making anything anymore (not even close to true). America makes more stuff than ever. U.S. Manufactures approx. 20% of World’s Output (we are only 4% of global population)

Cool graphic.  https://www.visualcapitalist.com/us-largest-trading-partners-2022/ Note, let’s stop saying America does not making anything anymore (not even close to true). America makes more stuff than ever. U.S. Manufactures approx. 20% of World's Output (we are only 4% of global population); China makes 28% (they passed the U.S. in 2012ish). So, 2 countries make almost ½ the world’s stuff. Another FYI, The industrial sector uses more delivered energy than any other end-use sector,...

That darn MBA degree still has a great ROI!…“Over their lifetime, an MBA graduate can expect to earn $3 million more than someone with only a bachelor’s degree, according to GMAC.” When is the right time for grad school?

That darn MBA degree still has a great ROI!...“Over their lifetime, an MBA graduate can expect to earn $3 million more than someone with only a bachelor’s degree, according to GMAC.” When is the right time for grad school? The avg age is 33. I find the age stat to not be too meaningful. For anyone <33, you will likely be the first centurion generation. That means you will live to 100 & have...

Predictive Analytics ranked #2! Here is an example of a F500 firm (Kellogg’s) that has full time SCM roles but also requires VERY strong Data Analytics skills (they love Tableau).

Predictive Analytics ranked #2! https://lnkd.in/gthyAWf3 Here is an example of a F500 firm (Kellogg’s) that has full time SCM roles but also requires VERY strong Data Analytics skills (they love Tableau). Supply chain analytics jobs at Kellogg’s. Senior Analyst-Supply Chain Analytics:https://lnkd.in/gq4gyxz8 Manager Supply Chain Analytics: https://lnkd.in/gAbgKSMf. https://www.visualcapitalist.com/supply-chains-automation-future/ That is why the WMU SCM program teaches Big Data w/ skill sets such as:1. Advanced Excel (power query & pivot) & macros;2. Data visualization (Tableau, Power BI &...

Newer Supply Chain Salary Data. Avg salary $144,017 (2021: $131,771):

Newer Supply Chain Salary Data. Avg salary $144,017 (2021: $131,771): https://lnkd.in/gESQFNZa - 2022 salaries are up across the board. On avg, supply chain pros are making $126,215/yr, an increase from $112,779 in 2021, but on par w/ 2020’s avg of $126,475. The median salary in 2022 is now $108K. 20% earn $150K - $249,999/yr, while 16% earn $120K -$149,999. 12% earn between $90K-$99,999, & 10% earn $100K-$119,999. At the higher end of...

How to effectively join LinkedIn. I have former students that found new jobs & they were not even looking! Yes, aggressive orgs found them via LI. Some firms w/ a market cap of > $1T do this often. Interviewing tools:

How to effectively join LinkedIn. https://lnkd.in/dAwyTUy I have former students that found new jobs & they were not even looking! Yes, aggressive orgs found them via LI. Some firms w/ a market cap of > $1T do this often. Interviewing tools: https://lnkd.in/gipsXEsK. Thank you WMU for 112 pages of ideas. WMU - A Top Business School (take a look at the list): https://lnkd.in/dn9-BCg___Should current students negotiate an INTERNSHIP offer? The avg SCM internship is $44,918/yr,...

Some employers are giving students 3 days to make decisions on full time job offers several months before graduation? One student asked if that was ethical or even legal. Exploding job offers & do you want a full time job to begin in a job rotation?

Some employers are giving students 3 days to make decisions on full time job offers several months before graduation? One student asked if that was ethical or even legal. Exploding job offers & do you want a full time job to begin in a job rotation? https://lnkd.in/ervskG5 My students will be coming back to school from their summer internships soon. Many of them will have received full time offers from their internship &...

The semi-conductor supply chain arguably powers the entire global economy (certainly the digital economy). This was a great interview about a complicated far reaching topic, but I needed help visualizing it and this one really helped (sometimes I need pictures):

The semi-conductor supply chain arguably powers the entire global economy (certainly the digital economy). This was a great interview about a complicated far reaching topic, but I needed help visualizing it and this one really helped (sometimes I need pictures):https://lnkd.in/gyHPakH5 https://www.cnbc.com/video/2022/06/28/this-is-the-moment-for-the-u-s-to-create-an-accelerated-chips-capacity-says-globalfoundries-ceo.html "The millions of digital devices we use, from smartphones to electric cars, computers, robotics, and the businesses they enable, only function thanks to the intricate chips built on semiconductors....

Dear Industry: If you want more super talented female supply chain professionals, then invest in SCM programs.

Dear Industry: If you want more super talented female supply chain professionals, then invest in SCM programs. For example, provide scholarships to attract women to the major & reward them for performing exceptionally well. If you do that, more will come & they will want to work for you. You could hire world class talent like this:https://lnkd.in/gAZYpsRThttps://lnkd.in/egF4kWM https://www.forbes.com/sites/committeeof200/2022/06/01/women-can-lead-the-way-through-supply-chain-challenges/?sh=76d02b5f29bc Gap narrowing for women and people of color at public companies.See: ASCM's...