October 12, 2023 – Sime Curkovic Ph.D.

I was hoping CARRY ON FAMILY BUSINESS would have ranked higher. Why? This might become a major source of supply chain disruptions (no succession plans).

I was hoping CARRY ON FAMILY BUSINESS would have ranked higher. Why? This might become a major source of supply chain disruptions (no succession plans). https://www.visualcapitalist.com/cp/why-do-people-start-businesses-every-us-state/ *60% of the US workforce is employed by a family-owned business.*78% of all new jobs in the US are created by family-owned businesses. *30% of family businesses make it through the 2nd generation, 10-15% through the 3rd, & 3-5% through the 4th. https://lnkd.in/gJ5T8Tzc & https://lnkd.in/gQiX3CXm. I meet...

120 days?…A student asked me if these payment terms were an issue for smaller sub-tier suppliers (young students can be very observant). I had another student ask me if it was unethical to pay someone 120 days later. Hmm.

120 days?...A student asked me if these payment terms were an issue for smaller sub-tier suppliers (young students can be very observant). “20 years ago, when a supplier delivered a finished product to a commercial aerospace customer, it generally was paid w/i 30 days. In the early 2010s, major OEMs increased terms to 60 days. By the late 2010s, terms reached 90 days, & today the standard is 120 days....

“In ISM’s 2023 Salary Survey, the reported overall average salary remained steady, dipping imperceptibly to $123,523, while the median salary rose 5.8 percent year over year, to $105,795. Except for 2021, average salary has mostly increased over the past five years for both women and men, though the pay gap between men and women persists, now at 25 percent.”

“In ISM’s 2023 Salary Survey, the reported overall average salary remained steady, dipping imperceptibly to $123,523, while the median salary rose 5.8 percent year over year, to $105,795. Except for 2021, average salary has mostly increased over the past five years for both women and men, though the pay gap between men and women persists, now at 25 percent.” https://lnkd.in/gwCWhhcE. Full disclosure, I had to look up the word:Im·per·cep·ti·bly/ˌimpərˈseptəblē/ adverb· in a way...

Wow!…”Michigan State University will begin offering 6,000 Michiganders FREE tuition EACH YEAR….The Spartan Tuition Advantage, will automatically cover the full cost of tuition for Pell Grant-eligible Michigan high school grads w/ a family income of $65,000 or less.”

Wow!..."Michigan State University will begin offering 6,000 Michiganders FREE tuition EACH YEAR....The Spartan Tuition Advantage, will automatically cover the full cost of tuition for Pell Grant-eligible Michigan high school grads w/ a family income of $65,000 or less." https://www.wilx.com/2023/10/09/msu-offer-tuition-free-program-michigan-residents/ ___”5 Michigan universities made the top-100 of this year’s “Best U.S. Colleges” rankings by the Wall Street Journal.”...https://lnkd.in/g-BS7P_Y. Another rankings list…”Forbes’ annual list showcases 500 of the finest U.S. colleges, ranked using...

Top 11: Two Michigan Universities made the list (one in Kalamazoo & the other in Ann Arbor): Western Michigan University Haworth College of Business…

Top 11: Two Michigan Universities made the list (one in Kalamazoo & the other in Ann Arbor): Western Michigan University Haworth College of Business…"As noted in the intro, numbers and rankings never tell the whole story, and this list would be incomplete without adding Western Michigan's dedicated Food and CPG Marketing program. Deeply embedded within the CPG industry, WMU offers a bachelor's degree in food marketing and sends students on to work at...

A solid, albeit somewhat generic/broad, overview for those looking to get acquainted with the supply chain field…Common Careers in Supply Chain Management:

A solid, albeit somewhat generic/broad, overview for those looking to get acquainted with the supply chain field…Common Careers in Supply Chain Management: https://www.forbes.com/advisor/education/supply-chain-management-jobs/ We sourced the below salary data from the Association for Supply Chain Management (ASCM). Buyer/PlannerMedian Annual Salary: $72,800Required Education: Bachelor’s degreeJob Description: Buyers and planners work on the front lines of organizations’ supply chains. They create forecasts for demand, obtain and distribute products and maintain data to determine products’...