May 19, 2023 – Sime Curkovic Ph.D.

Managing Price Indexing & Economic Adjustments During Inflationary Times? Has Strategic Cost Mgmt (i.e., Price Analysis) become a lost art? Price analysis is a subject that is often overlooked in supply chain education. 70% of new supplier agreements contain inflation driven economic adjustment clauses with the use of indices being the most common.

Managing Price Indexing & Economic Adjustments During Inflationary Times? “A commodity supercycle occurs when prices of commodities rise above their long-term averages for long periods of time, even decades.” Decades? Note, the push towards green energy & infrastructure investments, could lead to this “sustained” period of increased demand for commodities (think copper, nickel, lithium, etc.). Either way, it might be time for price risk sharing in buyer-supplier relationships.Has Strategic Cost Mgmt (i.e.,...

“Payscale reports as of Jan 2023 that the avg annual salary for SCM managers is around $85K. Entry-level professionals (those with < 1 year of experience) earn an avg total compensation of $65K, while more experienced managers (10-20 years of experience) earn closer to $94K.."

"Payscale reports as of Jan 2023 that the avg annual salary for SCM managers is around $85K. Entry-level professionals (those with < 1 year of experience) earn an avg total compensation of $65K, while more experienced managers (10-20 years of experience) earn closer to $94K.." "The BLS, which groups logistics and SCM together, reports similar salary data for logisticians: a median annual wage of $77,030. The BLS projects employment for these...

Are Supply Chain professionals using ArcGIS Pro technology? Do you think our SCM students should learn this? ArcGIS is a technology that can help companies manage risk. Nationally, almost zero SCM graduates will have this on their resume.

Are Supply Chain professionals using ArcGIS Pro technology? Do you think our SCM students should learn this? ArcGIS is a technology that can help companies manage risk. Nationally, almost zero SCM graduates will have this on their resume. https://www.linkedin.com/posts/sime-curkovic-61617a115_supplychain-gis-activity-7060950894346997760-nhT3?utm_source=share&utm_medium=member_desktop I recently had a GIS analyst reach out to me & ask: Is there a business geography specialty group that addresses supply chain issues? Where could people find GIS supply chain problem...

Students/Parents: Which college majors pay off? Is graduate school a golden goose or a money pit? Are Ivy League degrees usually worth it?

Some potential roles include the following. https://www.forbes.com/advisor/education/supply-chain-management-degree/ Operations Manager: Median Annual Salary: $97,970Job Description: Operations managers can be responsible for overseeing supply logistics, including an organization’s storage, inventory and transportation. These professionals also take care of broader business operations related to maintenance, budget and staffing. Logistics Analyst: Median Annual Salary: $77,030Projected Growth Rate (2020-2030): +30%Job Description: Logistics analysts are responsible for assessing and auditing the supply chain of an organization. Sometimes referred...

Future of jobs 2023: These are the most in-demand skills now – & beyond: “AI & big data are among the core skills for 2027.” In supply chain management, that time is now…

Future of jobs 2023: These are the most in-demand skills now - & beyond: “AI & big data are among the core skills for 2027.” In supply chain management, that time is now…That is why the WMU SCM program teaches Big Data w/ skill sets such as (note, our students learn all this best by being in the lab w/ faculty, i.e., hand holding, learning it online is a tougher...

How To Become A Supply Chain Manager: Salary, Education Requirements And Job Growth:

How To Become A Supply Chain Manager: Salary, Education Requirements And Job Growth: https://lnkd.in/gARmcUTr."Payscale reports as of Jan 2023 that the avg annual salary for SCM managers is around $85K. Entry-level professionals (those with < 1 year of experience) earn an avg total compensation of $65K, while more experienced managers (10-20 years of experience) earn closer to $94K.." "The BLS, which groups logistics and SCM together, reports similar salary data for logisticians:...

Supply chain professionals are making an average of nearly $30,000 more per year than the average American, and are generally happy in their careers, according to data included in a new report released this morning by the Association for Supply Chain Management (ASCM

Nice SCM salary report summary: https://lnkd.in/dTneTGgw. “Supply chain professionals are making an average of nearly $30,000 more per year than the average American, and are generally happy in their careers, according to data included in a new report released this morning by the Association for Supply Chain Management (ASCM). ...The report, “The Supply Chain Profession in 2023: Salaries and Careers Across the Globe,” found that the average median supply chain salary is $98,570...

With college graduates moving on to the next chapter of life, members of the Better Business Bureau, or BBB, asked new grads to be cautious with new opportunities.

“With college graduates moving on to the next chapter of life, members of the Better Business Bureau, or BBB, asked new grads to be cautious with new opportunities. Scammers are targeting eager new graduates who could potentially be traveling to different cities, according to the BBB.” https://wwmt.com/news/local/better-business-bureau-jobs-scams-new-college-graduates-west-michigan-scam-tracker-report-financial Another great related read:https://lnkd.in/gfEccF5S …Looking for a new job can be exciting or stressful. It can be exciting if you find something that...

Students (warning): Numerous businesses nowadays employ software & AI-based screening instruments for the preliminary review of resumes.

Students (warning): Numerous businesses nowadays employ software & AI-based screening instruments for the preliminary review of resumes. Submitting a non-conventional resume (too fancy) might lead to complications in its accurate analysis. https://www.cnbc.com/2023/01/01/cv-will-a-creative-resume-help-you-secure-your-dream-job-.html___Other stuff:I actually have employers tell me they will NOT consider a student if they do NOT have a strong professional LinkedIn presence. Hmm. How to effectively join LinkedIn: https://lnkd.in/dAwyTUy. I have former students that found new jobs from orgs...