Day: July 9, 2022

The most important part of the report: "The top 10-15 supply chain programs are crowded and expensive. Consider others, even beyond the Top 25." From me: if you are a student majoring in SCM, but your school is not on this list, do not worry about it! I am 99.9% certain that you are still getting a world class education that is extremely comparable to the schools on this list. In...

Python or R for Supply Chain professionals? There are only 500,000 unfilled SCM Data Science jobs on LinkedIn (only, sarcasm). All data scientists stress the importance of Python in analytics programs. Note, “data scientist” is one of the fastest growing career paths with escalating salaries because not enough people are good at this stuff.   ·       https://lnkd.in/e_22MKuC·       Python are “R” are both number one & two in analytics, but Python is easier to...

Here are the states/cities where employers are required to disclose salary ranges during the hiring process & More pay transparency laws could be coming…https://lnkd.in/gdJr3pMG. Here's what happens when salary is actually included in job listings- https://lnkd.in/gRQ9gaym. Microsoft Revealing Pay Ranges for Its Employees https://lnkd.in/gUZAE5WW. 7 Major Companies That Disclose Salaries in Job Postings https://lnkd.in/g9hZvxf4 https://www.cnbc.com/2022/01/12/states-and-cities-where-employers-must-share-salary-ranges-when-hiring.html There appears to be an appetite for posted salaries! A legal showdown in Colorado provides context as to...

Microsoft to Nearly Double Salary Budgets, Expand Stock Compensation https://lnkd.in/gPQNeYgp. - Microsoft will become first major US employer to post job salaries. https://lnkd.in/gKPqs2RN People want more money & rewarding work (not paperwork) - https://lnkd.in/g7BwX84c - 2022 Salary Report (APICS/ASCM) is now available (salaries are up). https://lnkd.in/gvKYBGBw and https://lnkd.in/gVxyp7Kj Here are the states/cities where employers are required to disclose salary ranges during the hiring process & More pay transparency laws could be coming…https://lnkd.in/gdJr3pMG. Here's what happens when salary is...

Uyghur Forced Labor Prevention Act. This is a very good quick read from a SCM perspective. My quick take (notice how I use words like “might”): you MIGHT have to do more than initial audits & only certifying factories & suppliers MAY not be enough. Periodic supplier audits MIGHT not be enough anymore also. You MIGHT need to audit tier 3 suppliers & beyond. You MIGHT need to visit the factories...

Charlie Munger: 'Every time you hear 'EBITDA' substitute it with 'bull**** earnings''. Every business manager w/ advancement aspirations should watch this & teach themselves to understand it (it can be self-taught). I will be walking my students through it. https://lnkd.in/gU4VZGyE https://www.youtube.com/watch?app=desktop&v=l82kIjqBtqw&feature=youtu.be Only (sarcasm) 26,000 unfilled SCM Finance jobs on LinkedIn. Earn more with a WMU Master of Science in Finance in one year. https://lnkd.in/gNMBtB9B Just in case you missed this great 2021...

Kalamazoo Ranks #1 in the Nation for Lowest Cost of Living, 2022. Kalamazoo also ranked as one of six Michigan cities as best places to live according to U.S. News & World Report. https://lnkd.in/g_7SFqAJ https://firstand42.media/kalamazoo-ranks-1-lowest-cost-of-living-2022q1/ The after-tax cost for a professional/managerial standard of living in Kalamazoo was more than 25 percent below the national average. On the same list, Grand Rapids Metro and Detroit Metro ranked 108th and 195th respectively. Also,...

A great read on the "exciting" world of competitive bidding & RFQs. Malpractice? 50% of the World’s Lawyers are American (we are 4% of the global population)! U.S. Tort Costs (think lawsuits) as a % of GDP is 2.4% (the avg for industrialized nations is .8%). For a copy of my version of the basic terms/conditions in a SCM P.O., see: https://lnkd.in/eE25asK https://www.industryweek.com/supply-chain-initiative/article/21240516/the-bad-actors-of-oem-procurement The Bad Actors of OEM Procurement."When sending out...

International Students majoring in Business Analytics at WMU can get a 3-year visa extension for their OPTs. Why is the U.S. doing this? Answer: we need more people with data analytics skills (especially in the supply chain)...https://lnkd.in/gTDtDavD https://www.efinancialcareers.com/news/2022/01/foreign-graduate-pay-america The US gov has added data science and financial analytics to the list of degrees where international students can get a three-year visa extension after graduating instead of the standard one year. https://lnkd.in/gTDtDavDActually, at WMU, Business...

Note: It is ½ of 1 credit. Michigan’s legislation requires that all high school students take a "HALF" credit course in personal finance before they graduate. https://www.cnbc.com/2022/06/16/michigan-becomes-14th-state-to-mandate-personal-finance-education.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=LinkedIn#Echobox=1655405664 FYI, we make every business major take FIN 3200 (& I think every business major should learn how to talk to a CFO):FIN 3200 - Business Finance DecisionsPresents a basis for understanding the financial management function of the business enterprise. Includes experiential learning so...