Year: 2024

Great read…Note, we cover this in our CIS 4640 Business Data Mining class which is the capstone class in our Business Analytics minor. The forecast-driven idea is something that our CIS faculty have been selling to SCM students in this course. In fact, more than 70% of the class is about forecasting and predicting.

Great read…Note, we cover this in our CIS 4640 Business Data Mining class which is the capstone class in our Business Analytics minor. The forecast-driven idea is something that our CIS faculty have been selling to SCM students in this course. In fact, more than 70% of the class is about forecasting and predicting. https://hbr.org/2024/03/how-machine-learning-will-transform-supply-chain-management We specifically talk about data quality treatment strategies to reduce forecasting/prediction errors. CIS 4640 - Business...

This map shows how much income “single” adults need to live comfortably in each U.S. state. Another map shows the income a “family” needs to live comfortably in every U.S. state, see:

This map shows how much income “single” adults need to live comfortably in each U.S. state. Another map shows the income a “family" needs to live comfortably in every U.S. state, see: https://lnkd.in/eApdr_wa. https://www.visualcapitalist.com/mapped-the-income-needed-to-live-comfortably-in-every-u-s-state/ So, for a family to live “comfortably”, you have to be in the top 5-10%?·       The top 10% of household incomes starts at $191,406, the top 5% at $290,406, and the top 1% at $867,436…https://lnkd.in/eTwtqX2e.“Comfortable” is defined as the income...

Full Global Report 2024 (U.S., Canada, Europe, India): “The annual report found that supply chain professionals continue to benefit from a solid job market, reflected in another year of significant salary increases. Building on the momentum from 2023, respondents saw their average salaries increase by 8% this year.”

Full Global Report 2024 (U.S., Canada, Europe, India): “The annual report found that supply chain professionals continue to benefit from a solid job market, reflected in another year of significant salary increases. Building on the momentum from 2023, respondents saw their average salaries increase by 8% this year.” https://lnkd.in/eesDsXq2.“The report found that the median compensation for supply chain professionals reached a major milestone, hitting a record-breaking $103,000. Additionally, supply chain...

This year, 25% of supply chain professionals will earn between $150,000 and $249,999 annually, while 18% will earn $120,000 and $149,999, 11% earn between $100,000 and $119,999 and 9% say their annual salaries will land somewhere between $80,000 and $89,999…

“Despite the hassles and stagnant pay, job satisfaction remains high for logistics pros. https://lnkd.in/ermQ_g-Q. Here is a look at the results from DC Velocity's 21st annual Salary Survey:” https://lnkd.in/et9AStcE. See report: https://www.linkedin.com/posts/sime-curkovic-61617a115_salary-data-since-covid-activity-7208605323291430912-qZCu?utm_source=share&utm_medium=member_desktop Nice salary summary from SCMR: https://lnkd.in/gX6SNriv. “The results…Supply chain and logistics professionals working in the manufacturing sector earn the highest average annual salary of $123,450, while those working for 3PLs earn $107,900, distributors $107,500, and consulting firms $102,200. On...

“Operating profits per mile = $.16.” Margins can be tight. Our career fair had the largest presence of 3PLs & 4PLs ever. This is a $1T+ industry & huge job market! It’s all about match.

“Non-asset” based 3PLs (i.e., freight brokerage firms)/4PLs tend to offer sales broker commission-based jobs. “ Asset”-based jobs might more resemble SCM jobs (rather than Sales). “Operating profits per mile = $.16.” Margins can be tight. Our career fair had the largest presence of 3PLs & 4PLs ever. This is a $1T+ industry & huge job market! https://lnkd.in/eXFWG37. It’s all about match.“Non-asset” based 3PLs (i.e., freight brokerage firms)/4PLs tend to offer...

Data Analytics + Finance = Strong Supply Chain Skill Sets. “Half our member respondents (50%) said they would take a “Data Analytics” class to continue their growth as supply chain leaders. Second on the list was taking a “Finance” class (33%).”

Data Analytics + Finance = Strong Supply Chain Skill Sets. “Half our member respondents (50%) said they would take a “Data Analytics” class to continue their growth as supply chain leaders. Second on the list was taking a “Finance” class (33%).” https://lnkd.in/eEEVhWEX. “Knowledge workers were the hardest positions to fill. With the explosion of data in supply chains and the richness of that data, many companies are starting to understand...

Is Python a must-have skill in the supply chain? https://lnkd.in/dcEJuZJX. How much Python do I need? https://lnkd.in/e6Rmzpw. Our CIS 2650 is not just a Python class, but instead a Python class for analytics. I had a SCM professional ask: “I don’t even know basic python yet . I want to get to the more advanced items but I am not ready yet . I’ve done research into different courses but there are so many basic courses, I’m not sure which one is actually useful for someone looking to do supply chain analysis.”

Is Python a must-have skill in the supply chain? https://lnkd.in/dcEJuZJX. How much Python do I need? https://lnkd.in/e6Rmzpw. Our CIS 2650 is not just a Python class, but instead a Python class for analytics. https://lnkd.in/dcEJuZJX. I had a SCM professional ask: “I don’t even know basic python yet . I want to get to the more advanced items but I am not ready yet . I’ve done research into different courses...

Green cards: Not to talk politics, but…“What I want to do, and what I will do, is you graduate from a college, I think you should get automatically, as part of your diploma, a green card to be able to stay in this country.”

Green cards: Not to talk politics (after last night), but…”“What I want to do, and what I will do, is you graduate from a college, I think you should get automatically, as part of your diploma, a green card to be able to stay in this country.” https://www.yahoo.com/news/trump-says-wants-foreign-nationals-031421157.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cubGlua2VkaW4uY29tLw&guce_referrer_sig=AQAAANOc61sTjYawHRZqWnCMYcPGByKyFVZ365Gljkf3N1-ebGdpgNSAGg5RW3qaZqZmhHAblSuZaY86merWyLVfrz52bp2Bq-ZHHt1myq9pl_qyG8iCSIUmn8NO05P1QrloNLu5z0r3-x2osCW9TohQuPva5qswNuRwIYrofT20eE92 ___Note, this is almost 3 years old, but…"The H-1B visa is highly competitive. In fiscal 2021, program applications hit 275,000, a 15-year high....

Top 25 School Rankings 2024: Gartner has ranked the WMU SCM program yet again (15 years running).

Top 25 School Rankings 2024: Gartner has ranked the WMU SCM program yet again (15 years running). Thank you to all the alumni and friends of the program that stay engaged w/ us & keep giving back. We are very grateful & you are a huge part of this ranking. It is our hope that we keep adding “value” to your degree. Now, go brag a little. For the full report: https://www.simecurkovic.com/wp-content/uploads/2024/06/GartnerSlides2024aaaaa.pdf...

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...