Month: July 2022

Gartner Announces Rankings of the 2022 North American Supply Chain Undergraduate University Programs *University of Arkansas defends pole position, University of Tennessee, and University of South Carolina complete Top 3.

Gartner Announces Rankings of the 2022 North American Supply Chain Undergraduate University Programs*University of Arkansas defends pole position, University of Tennessee, and University of South Carolina complete Top 3.·        https://www.gartner.com/en/newsroom/press-releases/2022-06-07-gartner-announces-rankings-of-the-2022-north-american-supply-chain-undergraduate-university-programs *For the first time, ranking includes 100% online programs, in addition to hybrid and on-campus programs.*Curricula have mostly standardized, putting other criteria such as experiential learning and diversity, equity and inclusion (DEI) in focus.*Education institutions reacted to the changing environment...

Big companies rescinding job offers to recruits. Ugghh, this comes out a week after I just lectured my students on not reneging. Thank you Corporate America for setting a great example.

Big companies rescinding job offers to recruits. Ugghh, this comes out a week after I just lectured my students on not reneging. Thank you Corporate America for setting a great example. Note, unemployment (3.6%) is at 50 yr lows. https://fortune.com/2022/06/22/growing-number-of-companies-rescind-job-offers/ ___Students are getting lots of job offers...In U.S., 28% accepted a job offer & reneged! 70% of grads are willing to renege? Reneging: Once you commit, quit! https://lnkd.in/e85beQ2 Amongst those grads that have...

I just find it disturbing (if true per the slide below) that America has one of the highest inflation rates in the world?!

… The action comes as the U.S. faces its highest inflation rate in 40 years (8.6%). The EU is experiencing inflation of 8.1% but has not yet raised its policy rate. From: Volcker, Powell and the Price of Amnesia About Monetary Policy - The Fed should have heeded the lessons of 1980s inflation. https://lnkd.in/gJYmTyke. I just find it disturbing (if true per the slide below) that America has one of the highest inflation rates...

Lean Talent Wins Over Six Sigma Skills. Why does lean remain so popular, & is the demise of Six Sigma approaching?

Lean Talent Wins Over Six Sigma Skills. Why does lean remain so popular, & is the demise of Six Sigma approaching? https://lnkd.in/g2wseiWt. We try to do both but it gets hard to squeeze it all in. WMU supply chain students can now be Lean 6 Sigma Yellow Belt certified...A study by Noble Institute of Quality Certification: w/i the first 3-7 years of cert, one could see an increase in salary 30%...

Last month I had a student ask me why don’t all those shipping containers have smart phones attached to them? I said I am very certain some do. He asked what percentage have that?

Last month I had a student ask me why don’t all those shipping containers have smart phones attached to them? I said I am very certain some do. He asked what percentage have that? I was like a deer in headlights, no idea. I guessed & said < 1%. Per this article, I guessed well:… around 3.6% of the global container equipment fleet was fitted with smart technology devices, representing 30% growth from the year...

Most Gen Zers ‘would not work five days a week in an office,’ researcher says, (BUT money is still the most important thing! Scheduling flexibility is #2) see:

Most Gen Zers 'would not work five days a week in an office,' researcher says, (BUT money is still the most important thing! Scheduling flexibility is #2) see: https://finance.yahoo.com/news/gen-z-work-five-days-office-173640467.html https://lnkd.in/d-fxnXCK. It's a new world. GM is dropping 4-year degree requirements for many jobs?! https://lnkd.in/d2tD89pBNote, the data does say “Education” boosts earning power... Average salary by education 2022:1. High school diploma $98,1572. Two-year college degree $91,2043. Some college $108,6474. Bachelor’s degree $134,0375....

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.

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!). Pre-covid: According to a Deloitte 2019 Global Survey of over 1,200 execs directly involved in cost mgmt,...

College Students: Do NOT round up your GPAs, use a post script on your phones for email replies, take your email signatures VERY seriously, & use keywords on your resume.

College Students: Do NOT round up your GPAs, use a post script on your phones for email replies, take your email signatures VERY seriously, & use keywords on your resume.Resume advice, Do NOT round up your GPAs Students should not change their official GPA for their resume. Instead, I recommend they calculate their major GPA using the courses required for their major & also list their overall GPA (especially if your...

There is no shortage of books critical of business schools. The titles leave little doubt about how much disdain the authors have for the schools meant to prepare future leaders in business.

“There is no shortage of books critical of business schools. The titles leave little doubt about how much disdain the authors have for the schools meant to prepare future leaders in business. These books lament the failure of business schools to develop ethical business leaders & to address societal concerns." https://theconversation.com/business-schools-get-a-bad-rap-but-a-closer-look-shows-theyre-often-a-force-for-good-184921 Consider books like “Shut Down the Business School: What’s Wrong with Management Education,” or “Nothing Succeeds Like Failure: The...

Salaries in SCM are going up & already average $10K-$20K higher than entry-level positions in other fields.

Salaries in SCM are going up & already average $10K-$20K higher than entry-level positions in other fields. https://lnkd.in/gCiYgwS2 There isn’t enough young people working in supply chain - https://lnkd.in/gtUcJpX7. People in SCM want more money & rewarding work (not paperwork). https://lnkd.in/g7BwX84c2022 Avg salary $144K (2021 $131,771): https://lnkd.in/gvKYBGBw https://www.marketplace.org/2022/02/07/university-students-flock-to-supply-chain-majors/ The placement success & starting salaries for WMU ISM is off the charts. *Median salary for all WMU ISM degrees was $60K-$65K (around 10% of grads hired...