Month: March 2023

Great post from Alcott Global. See #1 (reduce costs) & #2 (automation/data analytics), very consistent w/ the feedback I get from CFOs in West Michigan. A 2022 study from World Commerce & Contracting found that 70% of new supplier agreements contain inflation driven economic adjustment/indexing clauses:

Great post from Alcott Global. See #1 (reduce costs) & #2 (automation/data analytics), very consistent w/ the feedback I get from CFOs in West Michigan. https://www.linkedin.com/posts/sime-curkovic-61617a115_supplychain-recruit-hire-activity-7038951250347909120-8aUt?utm_source=share&utm_medium=member_desktop A 2022 study from World Commerce & Contracting found that 70% of new supplier agreements contain inflation driven economic adjustment/indexing clauses: https://lnkd.in/g_ByzrNU. In the last 7 months the S&P GSCI nearly completed a return trip & only ended up rising 8.7% in 2022 overall. https://lnkd.in/gfAWTzpd. It’s...

Great post & read…”Supply chain has always been an essential business function, but only recently has it begun to gain recognition for the central role it plays in a company’s success…The CHAIN Leadership Model seeks to develop the most important skills needed to lead a successful supply chain and business:”

Great post & read…”Supply chain has always been an essential business function, but only recently has it begun to gain recognition for the central role it plays in a company's success…The CHAIN Leadership Model seeks to develop the most important skills needed to lead a successful supply chain and business:” https://www.linkedin.com/posts/sime-curkovic-61617a115_5-must-deliver-skills-for-becoming-a-supply-activity-7039190764123291648-ZEn3?utm_source=share&utm_medium=member_desktop_I had a student ask: Shouldn’t I major in Finance or Accounting if I want to become a CEO? I said:...

Should You Give Up Your Salary and Go to Grad School? Well, that darn MBA degree still has a great ROI…“Over their lifetime, an MBA grad can expect to earn $3M more than someone w/ only a bachelor’s.”

Should You Give Up Your Salary and Go to Grad School?Well, that darn MBA degree still has a great ROI...“Over their lifetime, an MBA grad can expect to earn $3M more than someone w/ only a bachelor’s.” Great ROI!?...At about 98% of universities that offer MBAs, grads typically made more money 2 years out of school than they had borrowed. That stands in contrast to law schools, where roughly 6% of...

More material on how to respond to supplier price increases:

More material on how to respond to supplier price increases: https://hbr.org/2015/07/how-to-negotiate-with-powerful-suppliers https://lnkd.in/g6Uxkubyhttps://lnkd.in/ggknMbZMhttps://lnkd.in/gTMCPGXvhttps://lnkd.in/gC2THQWBhttps://lnkd.in/gp5naJxEhttps://lnkd.in/gGRaKtVKhttps://lnkd.in/gMuhMNf6https://lnkd.in/gQZ7HfWbhttps://lnkd.in/gvCpr6T5https://lnkd.in/gPVMbWd6https://lnkd.in/g6qdMvcShttps://lnkd.in/gwFjDfx7https://lnkd.in/g494sxYrhttps://lnkd.in/g6Uxkuby Has "Strategic" Cost Management (i.e., Price Analysis) become a lost art? Price analysis is a subject that is often overlooked in supply chain education. 70% of current contracts have price increase provisions? https://lnkd.in/g_ByzrNU. Will you be ready when your supplier asks for a price increase (or the other way)? I have asked a lot of SCM managers how they...

Here’s why people still take the Myers-Briggs test — even though it might not mean anything. How Does Your Personality Type Affect Your Income & Do you know what your brand is?

Here's why people still take the Myers-Briggs test — even though it might not mean anything. https://lnkd.in/ehj3ysR. How Does Your Personality Type Affect Your Income: https://lnkd.in/g7z_ZNV3. Do you know what your brand is? https://www.linkedin.com/posts/sime-curkovic-61617a115_why-i-broke-up-with-the-mbtiand-what-modern-activity-7039633512638922752-vMLy?utm_source=share&utm_medium=member_desktop Become the Nike swoosh of your life! Most students & even managers put little effort into developing & promoting their brand. How about a personal SWOT analysis? For details on how to build your brand (with a workbook): https://lnkd.in/dSAA6wF...

We are teaching our students to look at raw material market data from multiple sources, visualize & analyze historical pricing scenarios, & simulate planned purchases & what-if scenarios against forward price curves. Why?

We are teaching our students to look at raw material market data from multiple sources, visualize & analyze historical pricing scenarios, & simulate planned purchases & what-if scenarios against forward price curves. Why? Over ½ of our students go into Procurement. https://www.linkedin.com/posts/n-alpha_scm-procurement-inflation-activity-7039881090961969153--4a7?utm_source=share&utm_medium=member_desktop Has "Strategic" Cost Management (i.e., Price Analysis) become a lost art? According to World Commerce & Contracting, 70% of current supplier agreements have price increase provisions: https://lnkd.in/g_ByzrNU.Solutions such as the N-Alpha Materialx platform...

Michiganders, you should watch this WSJ video. Note: 2/3 of the new auto investment revealed over the past 2 yrs is going to sites in the South…

Michiganders, you should watch this WSJ video. Note: 2/3 of the new auto investment revealed over the past 2 yrs is going to sites in the South...https://lnkd.in/gsSnX4Jh. Or, Michigan predicted to “dominate” EV battery manufacturing after $2B investment. https://lnkd.in/gimsb67c. https://www.linkedin.com/posts/sime-curkovic-61617a115_how-americas-new-battery-belt-is-shifting-activity-7040301925539467264-CASu?utm_source=share&utm_medium=member_desktop Georgia, Kentucky, and Michigan are going to dominate electric vehicle battery manufacturing in the United States by 2030.https://lnkd.in/gNhJ_Gdx On Wednesday MEDC and Lt. Gov. Garlin Gilchrist II shared details of the...

Leadership. I would say this is the #1 reason my students change jobs (it’s their boss). Money becomes a factor when they can make 20%-40% more elsewhere. From Gartner: If you want to develop & retain strong employees without compromising their health and well-being, Connector managers are your secret weapon.

Leadership. I would say this is the #1 reason my students change jobs (it's their boss). Money becomes a factor when they can make 20%-40% more elsewhere. From Gartner: If you want to develop & retain strong employees without compromising their health and well-being, Connector managers are your secret weapon. https://gtnr.it/3A1mDvc https://www.linkedin.com/posts/sime-curkovic-61617a115_leadership-activity-7040982994643275776-ZAVX?utm_source=share&utm_medium=member_desktop FYI: Our students can major in Leadership (https://lnkd.in/e5JUSye). It can actually be taught, practiced, & learned (you can get...

Wide data is data collected from different sources about individual objects (e.g., products, items, customers, etc.). Let’s say you would like to collect info about customers.

Just remember that big data is not going away, BUT one must understand why/when certain data formats create more value. Many of our supply chain students get a minor in Business Analytics & we actually teach a variant of Wide/Small data called Association Analysis (our Business Data Mining class). I had one of our CIS faculty try to make sense of this for me & he did a great job…...

Want to become a college professor? This is an Adjunct Professor job posting…”Compensation: standard compensation for most undergrad courses is $2,200 per 8-week course & $2,500 for most 10-week grad courses. Adjuncts are paid bi-weekly & are considered W-2 employees of xxxx University.” Ugghh?

Want to become a college professor? This is an Adjunct Professor job posting...”Compensation: standard compensation for most undergrad courses is $2,200 per 8-week course & $2,500 for most 10-week grad courses. Adjuncts are paid bi-weekly & are considered W-2 employees of xxxx University." Ugghh? This is right in line w/ most adjunct faculty jobs at many universities. Depending on your situation/motives, I would recommend the tenure-track route... "$ of Assoc...