2022 – Page 8 – Sime Curkovic Ph.D.

A quick job search on LinkedIn shows > 30,000 jobs in supply chain mgmt where RISK mgmt is a major job function. Also, in our program we try to teach SCRM w/i the context of faculty research streams such as ISO 31000, COSO’s Enterprise Risk Management Framework, FMEA (as a SCRM tool), etc.

A quick job search on LinkedIn shows > 30,000 jobs in supply chain mgmt where RISK mgmt is a major job function. Also, in our program we try to teach SCRM w/i the context of faculty research streams such as ISO 31000, COSO’s Enterprise Risk Management Framework, FMEA (as a SCRM tool), etc. For free copies of our SCRM research: 1. “Using FMEA for Supply Chain Risk Management.”This one has over...

If you are bored this weekend…A great watch below on the Bullwhip Effect.

If you are bored this weekend...A great watch below on the Bullwhip Effect. https://www.youtube.com/watch?v=sZnxWVKhObo Also, another good watch, but longer…This WSJ documentary offers a GREAT explanation on the supply chain. https://lnkd.in/giuVkH-c. Or, if you are REALLY bored (from me): Recent observations & career advice (videos/podcasts):https://lnkd.in/gJK8xBZehttps://lnkd.in/g-CanjDxhttps://lnkd.in/gvPiGTt5 What is SCM?...https://lnkd.in/g2BC9YHnhttps://lnkd.in/gfchx-9dhttps://lnkd.in/gn-97v_B Sourcing Strategy:https://lnkd.in/g2YuH4Tyhttps://lnkd.in/g5Gppj_5https://lnkd.in/gtKnNdkzhttps://lnkd.in/gD5sY6AHhttps://lnkd.in/gxNpCsim Resume Advice:https://lnkd.in/eWen96qjhttps://lnkd.in/e7utipBihttps://lnkd.in/eVEHgvk6 Grad school advice:https://lnkd.in/g4tvSi9ghttps://lnkd.in/gM4GSR45 GDP:https://lnkd.in/g6A6tkv9https://lnkd.in/gngM96n9 Also, trendy things we are doing in our supply chain program to prepare our students...

Michigan has tons of upside (we just need more people). Michigan to compete as mfg capitol of the U.S. w/ new center. Backed by the World Economic Forum, it is the first of its kind in America. https://lnkd.in/gfUa9JMc. We are already the 3rd largest economic region in the world.

Michigan has tons of upside (we just need more people). Michigan to compete as mfg capitol of the U.S. w/ new center. Backed by the World Economic Forum, it is the first of its kind in America. https://lnkd.in/gfUa9JMc. We are already the 3rd largest economic region in the world. The impact of the Chips Act on Michigan will be a curious thing.…1/3 of chips produced in the world use polysilicon produced...

No idea if these 6 rules of productivity actually came from Mr. Musk, but they make some good points. Note, I do not recommend #4 to my students: Don’t use “chain of command” to communicate. That could really backfire.

No idea if these 6 rules of productivity actually came from Mr. Musk, but they make some good points. Note, I do not recommend #4 to my students: Don't use "chain of command" to communicate. That could really backfire. https://www.indy100.com/science-tech/elon-musk-six-points-productivity-2658770848___1. Reduce the frequency of meetings According to Musk, "excessive meetings are the blight of big companies and almost always get worse over time." To make meetings more effective Musk suggests fewer...

I am fascinated by the $ opportunities w/ Data Science skills. You could make the case that every Business major should minor (or double major) in Data Analytics.

Top Skills You Need To Become a Data Scientist (every job has data). https://lnkd.in/gk7pgtQZ. There are ONLY 500K unfilled SCM Data Science jobs on LI. Do not be a victim of technology! See salary report below. I am fascinated by the $ opportunities w/ Data Science skills. You could make the case that every Business major should minor (or double major) in Data Analytics. These skill sets would perhaps include: Employers place...

There are already > 20,000 SCM 2023 internships posted & > 60,000 business related internships.

Reminder: Yes, it is now time to start applying & interviewing for summer internships. Companies get budgets for internships approved months ahead of time & they often recruit nationally for the best talent. Some want to get this wrapped up by the end of the year, but you have to start looking now. Do not wait until Spring 2023 to find a Summer 2023 internship. Note, around ½ my students line up...

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

From the Institute of Supply Management- 2018 $: https://lnkd.in/gV53aggX. 2020 $ (right before covid): https://lnkd.in/gz8WQEhr. 2021 $ (deep into covid): https://lnkd.in/g-SfG93A & https://lnkd.in/gn5jM9xt. Salaries per "ASCM/APICS" $: 2022 https://lnkd.in/gtYC5Cnw vs 2021 https://lnkd.in/gpMvehY5 vs 2020 https://lnkd.in/gcsrX6tr.FYI from 2019:https://lnkd.in/grttnhZm2018: https://lnkd.in/gTBMP5dM Salaries per "DC Velocity": 2021 https://lnkd.in/gESQFNZa vs 2020 https://lnkd.in/gW-U-KHK vs 2019 https://lnkd.in/gJquYyT4. 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...

New trend/question when managers ask me about students: How professional is their email communication & attention to detail? Most college students do the bulk of their electronic communication via text messaging. Standards for emailing are different, especially in academic settings. Students’ emails WILL 100% influence the way their professors & recruiters view them.

If you are bored...A great watch below on the Bullwhip Effect. https://www.youtube.com/watch?v=sZnxWVKhObo Also, another good watch, but longer…This WSJ documentary offers a GREAT explanation on the supply chain. https://lnkd.in/giuVkH-c. Or, if you are REALLY bored (from me): Recent observations & career advice (videos/podcasts):https://lnkd.in/gJK8xBZehttps://lnkd.in/g-CanjDxhttps://lnkd.in/gvPiGTt5 What is SCM?...https://lnkd.in/g2BC9YHnhttps://lnkd.in/gfchx-9dhttps://lnkd.in/gn-97v_B Sourcing Strategy:https://lnkd.in/g2YuH4Tyhttps://lnkd.in/g5Gppj_5https://lnkd.in/gtKnNdkzhttps://lnkd.in/gD5sY6AHhttps://lnkd.in/gxNpCsim Resume Advice:https://lnkd.in/eWen96qjhttps://lnkd.in/e7utipBihttps://lnkd.in/eVEHgvk6 Grad school advice:https://lnkd.in/g4tvSi9ghttps://lnkd.in/gM4GSR45 GDP:https://lnkd.in/g6A6tkv9https://lnkd.in/gngM96n9 Also, trendy things we are doing in our supply chain program to prepare our students for these...

Industry Certifications & Associations for Various Business Majors… Data shows that people earn more & have more job security if they become engaged members of their professional discipline. One way to do that is to join industry specific associations related to your majors. Further, these associations often have certifications with them that externally validate you as a subject matter expert ($$$).

Students: Data shows that people earn more and have more job security if they become engaged members of their professional discipline. One way to do that is to join industry specific associations related to your majors. Further, these associations often have certifications with them that externally validate you as a subject matter expert ($$$). I would give serious consideration to these moving forward in your careers. In fact, for some of these, you can...

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 from (i.e., CME, COMEX, etc.). 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.

Surprised by price increases? 70% of current contracts have price increase provisions?! We look at raw material market data from multiple sources, visualize & analyze historical pricing scenarios, & simulate planned purchases & what-if scenarios against forward price curves. At the WMU ISM supply chain management program we teach our students to track commodity forward price curves. Here’s a quick video (see below) of Net Alpha’s cloud based materialx Decision...