I have asked a lot of SCM managers how they “prepare” to negotiate price increase requests from their suppliers.Many said their suppliers provide that information. I am not convinced that using data from your suppliers is a form of “Preparation” for the negotiation process.

Sime Curkovic

July 9, 2022July 9, 2022

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Time to stay on top of this stuff (both on the way up & down).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!)....

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

Sime Curkovic March 23, 2024March 23, 2024
Great read…Translation: Success = Pick the right major (i.e., demand > supply) + Get work experience (i.e., internships related to major) + Pick the right first job (i.e., they pay a premium for your major because of supply/demand conditions and you are job ready day one because you have professional work experience). Notice:

Sime Curkovic March 23, 2024March 23, 2024
PROJECTIONS POINT TO SALARY INCREASES FOR CLASS OF 2024 BACHELOR’S GRADS…”Business grads have an avg salary projection that is 3% higher, lifting it to $63,907.” Note, WMU SCM grads (2022) have a median wage range of $65-$75K (add $5K+ for 2024).

Sime Curkovic March 23, 2024March 23, 2024

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

PROJECTIONS POINT TO SALARY INCREASES FOR CLASS OF 2024 BACHELOR’S GRADS…”Business grads have an avg salary projection that is 3% higher, lifting it to $63,907.” Note, WMU SCM grads (2022) have a median wage range of $65-$75K (add $5K+ for 2024).