Year: 2023

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.

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 of this is still VERY relevant today.FYI: more of my old school teaching material. My...

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...