Day: August 3, 2022

Pay attention to what matters most- not rankings!…especially at the undergraduate level. “Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation, according to Gallup-Purdue polls.”

Pay attention to what matters most- not rankings!...especially at the undergraduate level. "Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation, according to Gallup-Purdue polls." https://lnkd.in/gSuzhcjP -those who believe a professor cared about them as a person, made them excited about learning, & encouraged them to pursue their dreams had more than double the odds of being engaged at work &...

37 pages of salary data… Should college grads negotiate a higher starting salary? Salaries in SCM are going up; already average $10K-$20K higher than entry-level positions in other fields. There are not enough young people working in supply chain.

People want more money & rewarding work (not paperwork). https://lnkd.in/g7BwX84c. 37 pages of salary data… Should college grads negotiate a higher starting salary? https://lnkd.in/gMJYNJkh. 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 want more money & rewarding work (not paperwork). https://lnkd.in/g7BwX84c. Salaries per DC Velocity: 2022 https://lnkd.in/gESQFNZa vs 2021 https://lnkd.in/gW-U-KHK vs 2020 https://lnkd.in/gJquYyT4 Salaries per ASCM $: 2022 https://lnkd.in/gtYC5Cnw vs 2021 https://lnkd.in/gpMvehY5 vs...

The Future of SCM: Predictive Analytics ranked #2! This class will now be required of every WMU supply chain major: CIS 2640 – Applied Analytics Foundations…Here is an example of a F500 firm that has full time SCM roles but also requires VERY strong Data Analytics skills (they love Tableau)…

The Future of SCM: Predictive Analytics ranked #2! https://lnkd.in/gthyAWf3. This class will now be required of every WMU supply chain major: CIS 2640 - Applied Analytics Foundations...This course is designed to train undergraduate students with skills to apply scientific and analytical methods to plan for analytics projects, design data collection methods, clean and analyze data, and report findings. The students will also be trained to interpret the findings from data analysis...

This is interesting from Gartner. I posted this to get feedback from a few colleagues. It proceeded to get > 54K views (no idea why). I might use this in our entry level Intro to SCM course as subsequent classes line up nicely w/ the pieces in this model. Question: Where is Supply Chain Risk Management (SCRM)?

This is interesting from Gartner. I posted this to get feedback from a few colleagues. It proceeded to get > 54K views (no idea why). I might use this in our entry level Intro to SCM course as subsequent classes line up nicely w/ the pieces in this model. Question: Where is Supply Chain Risk Management (SCRM)? We know that Gartner strongly advocates SCRM, but shouldn't SCRM be placed throughout the...

“There isn’t enough young people working in supply chain”…Note, there are not enough young people in general. Last year, deaths exceeded births in 1/2 of US states.

“There isn’t enough young people working in supply chain”...https://lnkd.in/gMqxdxfr Note, there are not enough young people in general. Last year, deaths exceeded births in 1/2 of US states. Michigan’s young population has shrunk the MOST at -14%. Birth rates have plunged in states where the 0-25 population is shrinking. What does the decline of young people mean to US industries?...https://lnkd.in/geyWT2iH From Sime: Econ 101 says you cannot raise the standard of living unless...

42 pages of salary data, the trend is good. On avg, SCM & logistics pros are making $126,215 in 2022, an increase from $112,779 in 2021, on par w/ 2020’s avg of $126,475. The median salary in 2022 is now $108,000. Another common theme: People want more money & rewarding work (not paperwork).

42 pages of salary data, the trend is good. On avg, SCM & logistics pros are making $126,215 in 2022, an increase from $112,779 in 2021, on par w/ 2020's avg of $126,475. The median salary in 2022 is now $108,000. Another common theme: People want more money & rewarding work (not paperwork). https://lnkd.in/g7BwX84c. Salaries per DC Velocity: 2022 https://lnkd.in/gESQFNZa vs 2021 https://lnkd.in/gW-U-KHK vs 2020 https://lnkd.in/gJquYyT4 Salaries per ASCM $: 2022 https://lnkd.in/gtYC5Cnw vs 2021 https://lnkd.in/gpMvehY5 vs 2020 https://lnkd.in/gcsrX6tr "The demand for logistics...

WSJ: U.S. suppliers’ price increases picked up (11.3%!) in June & remained near historic highs. Has Strategic Cost Mgmt (i.e., Price Analysis) become a lost art? Will you be ready when your supplier asks for a price increase?

WSJ: U.S. suppliers’ price increases picked up (11.3%!) in June & remained near historic highs. https://lnkd.in/g_pFJ_QH. Has Strategic Cost Mgmt (i.e., Price Analysis) become a lost art? Will you be ready when your supplier asks for a price increase? I have asked a lot of SCM managers how they “prepare” to negotiate price increase requests from their suppliers. In particular, I was curious about how and where they get their data...

Students who choose to specialize in their education are having better experiences than those who stay generalist. They also found that professors have the MOST influence on major (more than parents, friends, other students, high school figures, academic advisors, etc.).

Students who choose to specialize in their education are having better experiences than those who stay generalist. They also found that professors have the MOST influence on major (more than parents, friends, other students, high school figures, academic advisors, etc.). Students in specialized majors reported more professional opportunities, higher quality courses, higher quality students & instructors, stronger culture,...https://lnkd.in/ex89namH Here are some options to specialize in:Yes, the WMU Haworth College of Business...

I posted this Gartner model the other day to get feedback from a few colleagues. It proceeded to get > 54K views (no idea why). A common theme: Where is Supply Chain Risk Management (SCRM)?

I posted this Gartner model the other day to get feedback from a few colleagues. It proceeded to get > 54K views (no idea why). A common theme: Where is Supply Chain Risk Management (SCRM)? We know that Gartner strongly advocates SCRM, but many people wanted SCRM placed throughout the end-to-end process. Or, bare minimum, add SCRM to Supplier Relationship Management. Note, the model from Gartner is very interesting & I...

Reading List: A great book read for CFO types that want to understand SCM types (or the other way around?): “Supply Chain Metrics that Matter”…The book links corporate financials to supply chain maturity, & what metrics matter most.

Reading List: A great book read for CFO types that want to understand SCM types (or the other way around?): "Supply Chain Metrics that Matter"...The book links corporate financials to supply chain maturity, & what metrics matter most. https://sfmagazine.com/post-entry/june-2022-cfo-to-cfo-finance-and-supply-chain-management/ Other reads that I think you be good for SCM leaders:The New Leader's 100-Day Action Plan: How to Take Charge, Build or Merge Your Team, and Get Immediate Results- by George B. Bradt, Jayme A....