Comprehensive research on supplier selection in procurement is critical. It helps make informed decisions that align with organizational strategies, ensures high-quality and cost-effective sourcing, and minimizes supply chain RISKS.

Sime Curkovic

July 25, 2023July 26, 2023

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FYI: more of my old school teaching material. My overhead transparencies from the 90s are NOT available upon request (they are lost). Yes, most of this is still VERY relevant today. Even “AI” agrees. See last 3 pages for list of chat prompts that could facilitate research on supplier selection.Sime Curkovic on LinkedIn: Yes, most...

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

Sime Curkovic February 10, 2025February 10, 2025
TRUE OR FALSE? MOST FIRMS WILL CONTINUE TO REDUCE THE TOTAL NUMBER OF SUPPLIERS THEY MAINTAIN, AND THE REDUCTION WILL CONTINUE TO BE AS DRAMATIC AS THEY HAVE BEEN IN THE LAST 8 TO 10 YEARS.

Sime Curkovic February 10, 2025February 10, 2025
Students (see the crazy import data below, AI is coming soon in a very big way):Supply chain management (SCM) presents unique challenges largely due to the lack of real-time visibility and the unpredictable nature of lead times. In an ideal world, companies would have full visibility into every stage of the supply chain—from sourcing raw materials to delivering the final product. If we knew exactly where every component was at any given moment, and if lead times were always consistent and predictable, the supply chain would be much easier to manage. In other words, SCM would be a piece of cake if we knew where everything was all the time from beginning to end. You can make a trillion dollars if you invent a technology that does that.

Sime Curkovic February 10, 2025February 10, 2025

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

TRUE OR FALSE? MOST FIRMS WILL CONTINUE TO REDUCE THE TOTAL NUMBER OF SUPPLIERS THEY MAINTAIN, AND THE REDUCTION WILL CONTINUE TO BE AS DRAMATIC AS THEY HAVE BEEN IN THE LAST 8 TO 10 YEARS.