What key questions should supply chain leaders ask to evaluate their progress in optimizing price indexing? A Strategic Guide for Price Risk Sharing and Indexing in Buyer-Supplier Contracts: Approaches, Management, and Automation Opportunities

A Strategic Guide for Price Risk Sharing and Indexing in Buyer-Supplier Contracts: Approaches, Management, and Automation Opportunities What key questions should supply chain leaders ask to evaluate their progress in optimizing price indexing? This template provides a strategic framework for companies to effectively determine and refine their approach to price indexing, including formulas and economic adjustments. It guides businesses in establishing robust methods for tracking and managing indexing activities, ensuring...

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. Has Strategic Cost Mgmt (i.e., Price Analysis) become a lost art? Tools we use to teach this:

Case study reports and presentations: https://www.simecurkovic.com/wp-content/uploads/2024/05/CoverCurkovicPriceRIskSCMR2024.pdf https://bt.e-ditionsbyfry.com/publication/?i=821164&p=34&view=issueViewer https://www.simecurkovic.com/wp-content/uploads/2024/05/SimeCurkovicASCMPresentation2023a.pdf https://www.simecurkovic.com/wp-content/uploads/2024/05/Things-to-do-today-SCM-v5-1a.pdf 70% of new supplier agreements contain inflation driven economic adjustment clauses with the use of indices being the most common. https://lnkd.in/g_ByzrNU. It might be time for price risk sharing in buyer-supplier relationships. Has Strategic Cost Mgmt (i.e., Price Analysis) become a lost art? Tools we use to teach this: https://www.linkedin.com/posts/sime-curkovic-61617a115_scm-procurement-inflation-activity-7039957830296100864-wujy?utm_source=share&utm_medium=member_desktop. We are teaching our students to look at raw material market data from...

Supply Chain Management (and Operations) made the list. 43% (SCM)/65% (Ops) large impact – “refers to tasks that will be fully automated or significantly altered by AI technologies.” In case you want to see what we cover in our AI course, see the screenshot below. Our analytics faculty have built an AI course in our business college (CIS 5550) to cover all kinds of AI for business applications. AI embedded modules in existing courses will be added.

Supply Chain Management (and Operations) made the list. 43% (SCM)/65% (Ops) large impact - "refers to tasks that will be fully automated or significantly altered by AI technologies." In case you want to see what we cover in our AI course, see the screenshot below. Our analytics faculty have built an AI course in our business college (CIS 5550) to cover all kinds of AI for business applications. AI embedded modules...

The 16 worst-paying college majors, five years after graduation…But…If You Majored in One of These 18 Subjects, You’ll Likely Have a Comfortable Retirement…Notice SCM made the list: #5. Supply Chain (Logistics): $52,290. Note, WMU SCM grads (2022) had a median wage range of $65-$75K.

The 16 worst-paying college majors, five years after graduation: https://lnkd.in/eTyx7YpW. But…If You Majored in One of These 18 Subjects, You’ll Likely Have a Comfortable Retirement: https://lnkd.in/e2nireWR. Notice SCM made the list: #5. Supply Chain (Logistics): $52,290. Note, WMU SCM grads (2022) had a median wage range of $65-$75K. https://lnkd.in/dkGr4_uX. https://www.cnbc.com/2024/03/16/worst-paying-college-majors-five-years-after-graduation.html I have been trying to explain SCM to high schoolers. It’s not that easy. Parents like to see this: the number...

Great read…Translation: Success = Pick the right major (i.e., demand > supply) + Get work experience (i.e., internships related to major) + Pick the right first job (i.e., they pay a premium for your major because of supply/demand conditions and you are job ready day one because you have professional work experience). Notice:

Great read…Translation: Success = Pick the right major (i.e., demand > supply) + Get work experience (i.e., internships related to major) + Pick the right first job (i.e., they pay a premium for your major because of supply/demand conditions and you are job ready day one because you have professional work experience). Notice: https://www.wsj.com/lifestyle/careers/college-degree-jobs-unused-440b2abd “More than any other factor analyzed—including race, gender and choice of university—what a person studies determines...

We make our students learn A3 through a project w/ a local company…Several of our students also complete their summer internships with an A3 presentation & report. It becomes such a valuable tool moving forward as they hit the job market & need to speak on it . Also, problem-solving is the #1 sought after skill set by employers:

We make our students learn A3 through a project w/ a local company...Video presentations: https://lnkd.in/grV4rufS. Several of our students also complete their summer internships with an A3 presentation & report. It becomes such a valuable tool moving forward as they hit the job market & need to speak on it . Also, problem-solving is the #1 sought after skill set by employers: https://lnkd.in/ggbvYYXe.https://lnkd.in/eBk-Wu3WSoft skills + Problem-solving skills + AI = job...

401Ks: I spent some time on this w/ a student & her full-time job offer. Students need help understanding their retirement savings plan. The Benefits of Investing Early in Life…Let’s say you started investing at 20 years old…

401Ks: I spent some time on this w/ a student & her full-time job offer. Students need help understanding their retirement savings plan. The Benefits of Investing Early in Life: https://lnkd.in/esCz_vQ7. Let’s say you started investing at 20 years old...and you invest $250 each month with an 8% annual rate of return. By the time you reach 65, over 50% of your total portfolio would have come from money that you invested...

For a list of employers with 100% remote jobs, see…When in the job interview process do you disclose that you only want to work remotely? It is becoming increasingly common for our graduates to prioritize remote work opportunities. The appeal of flexibility and the comfort of working from one’s own space is undeniable (I do it VERY often).

For a list of employers with 100% remote jobs, see: https://lnkd.in/g6cq-S6E. When in the job interview process do you disclose that you only want to work remotely? https://lnkd.in/ggqZ8xbZ. It is becoming increasingly common for our graduates to prioritize remote work opportunities. The appeal of flexibility and the comfort of working from one's own space is undeniable (I do it VERY often). https://www.businessinsider.com/dell-remote-workers-promotion-return-office-push-flexible-work-2024-3 Young people who work remotely are 'probably not'...

Tough to argue with this list though, just pay attention to ROI. Should You Give Up Your Salary and Go to Grad School? Well, that darn MBA degree still has a great ROI…“Over their lifetime, an MBA grad can expect to earn $3M more than someone w/ only a bachelor’s.”

Tough to argue with this list though, just pay attention to ROI. Should You Give Up Your Salary and Go to Grad School? Well, that darn MBA degree still has a great ROI...“Over their lifetime, an MBA grad can expect to earn $3M more than someone w/ only a bachelor’s.” https://supplychaindigital.com/operations/top-10-supply-chain-schools Great ROI!?...At about 98% of universities that offer MBAs, grads typically made more money 2 years out of school than...

Demonstrating self-awareness during an interview is huge. I tell my students to always answer the “what is your weakness” question in the context of having a strategy to fix it (explain what you have done about it, actual RESULTS). For example, from the article:

Demonstrating self-awareness during an interview is huge. I tell my students to always answer the “what is your weakness” question in the context of having a strategy to fix it (explain what you have done about it, actual RESULTS). For example, from the article: https://lnkd.in/e3ctfpey.“The key to answering that question: You spend about 10% of it explaining the weakness and 90% of it explaining how you are working on weakness,”...