Day: June 23, 2023

Salary update: WMU supply chain grads have a median wage range of…$65-$75K. WMU SCM (Job ready, Day one): 2nd in technology (SoftwareAdvice); 2nd in global talent (SCM World); U.S. Top 20 & highest in Michigan (Gartner 2022). “Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation.”

Salary update: WMU supply chain grads have a median wage range of…$65-$75K. WMU SCM (Job ready, Day one): 2nd in technology (SoftwareAdvice); 2nd in global talent (SCM World); U.S. Top 20 & highest in Michigan (Gartner 2022). "Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation." See: https://lnkd.in/dkGr4_uX and https://lnkd.in/gSuzhcjP  Another ranking: Western Michigan University was listed among the 50 Best Schools for...

It might be time for price risk sharing in buyer-supplier relationships – “Cost recovery mechanisms should not be judged in isolation. Inflation-driven cost increases & adjustments need to be addressed in a timely manner that is consistent, tested, & institutionalized & supported by OEM & supplier cost reduction efforts.”

70% of new supplier agreements contain inflation driven economic adjustment clauses with the use of indices being the most common. It might be time for price risk sharing in buyer-supplier relationships. https://lnkd.in/g_ByzrNU. Notice: “Cost recovery mechanisms should not be judged in isolation. Inflation-driven cost increases & adjustments need to be addressed in a timely manner that is consistent, tested, & institutionalized & supported by OEM & supplier cost reduction efforts.” See:...

LinkedIn is a Top 20 global website (1.6B visits/month) – Students looking for internships/jobs: I actually have employers tell me they will NOT consider a student if they do NOT have a strong professional LinkedIn presence…How to effectively join LinkedIn.

Most employers will not even look at your resume if it looks like a lazy effort. Aesthetics matter! Yale advice: https://lnkd.in/gggJFADW & https://lnkd.in/gxkjy3sm. Harvard: https://lnkd.in/ghEYr3Qw & https://lnkd.in/gc4Kd_SE. MIT: https://lnkd.in/g3xqeDyc. LinkedIn is a Top 20 global website (1.6B visits/month): https://lnkd.in/gFXKfXDw. Students looking for internships/jobs: I actually have employers tell me they will NOT consider a student if they do NOT have a strong professional LinkedIn presence...How to effectively join LinkedIn. https://lnkd.in/dAwyTUy. I have former students that found new jobs & they...

“Michigan’s colleges and universities suffered enrollment drops four times steeper than the nation as a whole this year…” Also: Michigan has appointed the first Chief Growth Officer in the nation:

“Michigan’s colleges and universities suffered enrollment drops four times steeper than the nation as a whole this year…” Also: Michigan has appointed the first Chief Growth Officer in the nation: https://lnkd.in/gBWnFEfJ. "Michigan's population growth continues to be outpaced by nearly every other state in the nation." https://lnkd.in/gpsT-xBE. https://www.bridgemi.com/talent-education/michigan-college-enrollment-decline-among-worst-nation Michigan's population growth has fallen behind the national average - “Michigan ranked second-to-last in the country in population growth over the last decade.” https://lnkd.in/gjq5kudW. Also:...

Supply Chain Manager Salary: Your 2023 Guide (from coursera) – Note, most sources are from Glassdoor. Factors that impact supply chain manager salaries:

Supply Chain Manager Salary: Your 2023 Guide (from coursera): https://lnkd.in/grxANayH. Note, most sources are from Glassdoor. Factors that impact supply chain manager salaries...Education:Associate degree: $93,335Bachelor’s degree: $107,654Master’s degree: $119,242Doctorate degree: $124,625 - Want to become a college professor? See:https://lnkd.in/gUPd3jjb https://www.linkedin.com/posts/sime-curkovic-61617a115_data-by-payscale-as-of-january-2023-activity-7072156158140059648-KQem?utm_source=share&utm_medium=member_desktop Experience Supply Chain Manager: $72,000 - $118,000Senior Supply Chain Manager: $105,000 - $172,000Director of Supply Chain: $146,000 - $240,000Vice President of Supply Chain: $197,000 - $344,000 Industry Federal government: $88,710Companies: $78,660Manufacturing: $77,740Professional and technical services: $76,840Wholesale: $63,930 Further, if you work in a job...

One more time on this 45 page Supply Chain Salary report from ASCM…Nice 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).”

One more time on this 45 page Supply Chain Salary report from ASCM...Nice 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...

If you look at this 2020-2030 job growth chart closely, all things supply chain related scored VERY well (i.e., operations & logistics). Basically, we are going to see 20-30% growth in SCM jobs over the next decade.

If you look at this 2020-2030 job growth chart closely, all things supply chain related scored VERY well (i.e., operations & logistics). Basically, we are going to see 20-30% growth in SCM jobs over the next decade. https://lnkd.in/g_G-xwFv. Also, the jobs in SCM pay VERY well. The data science jobs scored off the charts in growth & pay. So, SCM + data science = jobs & $. Finally, automation is killing all things manual...

Indeed has material on supply chain careers…70 Job Titles in Supply Chain (w/ Avg Salary): https://lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: https://lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? https://lnkd.in/gFxhqH2m.

Indeed has material on supply chain careers...70 Job Titles in Supply Chain (w/ Avg Salary): https://lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: https://lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? https://lnkd.in/gFxhqH2m. https://www.indeed.com/career-advice/career-development/supply-chain-certifications?trk=feed_main-feed-card_feed-article-content Attention: students interested in the Production & Operations Management Society. POMS has a $0 membership fee for students worldwide. In addition, all members will get joint membership w/ EurOMA. To join: https://lnkd.in/eJ_EisSz. Thank you, Marzieh Khakifirooz: https://lnkd.in/g2Wqy6ut. Also - Reminder: Effective in Feb 2023, CPIM...

Over 25,000 jobs on LinkedIn w/ Indirect Procurement built into the job description?

Over 25,000 jobs on LinkedIn w/ Indirect Procurement built into the job description? https://lnkd.in/g-Hd-QDv. Quote from former student: “I went into Indirect Procurement thinking it would not be very glamorous but I save them lots of money every day”. That sounds glamorous to me. LinkedIn has thousands of unfilled Indirect Procurement & MRO buyer jobs. America has around 10M jobs not filled, most of which are in SCM. https://lnkd.in/ecdDMYQhttps://lnkd.in/gmcxKNsihttps://lnkd.in/g6BiXz8c Do not be afraid of...

I encourage my Supply Chain majors to minor in Accounting (rather than Finance). College Accounting (i.e., Cost & Managerial) to me feels like Supply Chain Finance.

I encourage my Supply Chain majors to minor in Accounting (rather than Finance). College Accounting (i.e., Cost & Managerial) to me feels like Supply Chain Finance. The Accounting Minor for our SCM majors seems like a great fit. Long term in their careers, understanding SCM Finance will be critical. The worlds of Finance & SCM have collided. Your opportunities are endless if you learn how to talk to the CFO…https://lnkd.in/eJnVHrsM My discussion on...