Author: Sime Curkovic

A 401(k) for a New College Grad? Yes! Please watch this if you want career mobility & financial independence in your 40s & beyond.

A 401(k) for a New College Grad? Yes! Please watch this if you want career mobility & financial independence in your 40s & beyond. In order to achieve this, you will need to invest heavily in your 20s & 30s. https://www.youtube.com/watch?v=MvhWtDPhcG4&t=298s If you put $20,000 a year into your 401K, it is tax deferred. Do you understand what that means? For example, if you did not put it into your 401K and wanted...

“After the recruiting process, I received 7 offers…$ in SCM are going up & avg $10-20K higher than entry-level positions in other fields…There are more jobs for supply chain professionals than there are candidates.”

“After the recruiting process, I received 7 offers…$ in SCM are going up & avg $10-20K higher than entry-level positions in other fields…There are more jobs for supply chain professionals than there are candidates.” https://lnkd.in/gVVduufe https://www.logisticsmgmt.com/article/38th_annual_salary_survey_salaries_begin_to_rebound Newer Supply Chain Salary Data. Avg salary $144,017 (2021: $131,771): https://lnkd.in/gESQFNZa - 2022 salaries are up across the board. On avg, supply chain pros are making $126,215/yr, an increase from $112,779 in 2021, but on par w/...

Read this for perspective…”Consider supply chains: In Deloitte’s latest survey of chief procurement officers, only 15% said they could see into their second- and third-tier suppliers.

Read this for perspective…”Consider supply chains: In Deloitte’s latest survey of chief procurement officers, only 15% said they could see into their second- and third-tier suppliers. Even in the first tier, only 70% of procurement officers reported they had good visibility, and only 26% felt they could predict risks in the first tier. (According to Dun & Bradstreet, there are some 7.6 million second-tier suppliers in RUSSIA.) https://www2.deloitte.com/us/en/insights/topics/strategy/end-of-globalization.html _People that read...

Let’s stop saying America does not making anything anymore (not even close to true). “Tier-1 is the global technological innovation center, currently dominated by AMERICA…

Let’s stop saying America does not making anything anymore (not even close to true). “Tier-1 is the global technological innovation center, currently dominated by AMERICA…In the 2020 China Mfg Power Development Index Report, the US ranked first, with an index value of 168.71. Germany and Japan emerged in the second tier with indices of 125.65 and 117.16, respectively.” From Sime: the only problem with being great at Tier 1 is that...

Would you recommend using Vendor Managed Inventory (VMI) or Consignment Inventory (CI)? I recently had a student ask me this question (I struggled w/ it)…

Would you recommend using Vendor Managed Inventory (VMI) or Consignment Inventory (CI)? I recently had a student ask me this question (I struggled w/ it) – https://lnkd.in/gSM3cq4d“Would you recommend using Vendor Managed Inventory (VMI) or Consignment Inventory (CI)?  I feel like VMI means that you have to regulate the Suppliers more than Consignment would. Consignment allows you to have your inventory costs in the hands of the supplier so the inventory...

Is Supply Chain Management a Core Competency for your employer (ask that during an interview)?

Is Supply Chain Management a Core Competency for your employer (ask that during an interview)? https://lnkd.in/euh2rFdU and https://lnkd.in/gtacAh_e. If you work in SCM, don't you want to work for a company that has a core competency in SCM? Reads…How should orgs use competitive bidding?https://lnkd.in/gS9vCRQ6Assume a supplier estimates the following costs on an RFQhttps://lnkd.in/gxFBz3_UROI & Your Core Competency (i.e., SCM?)https://lnkd.in/euh2rFdUTo stay competitive, companies are forced to outsource commodities & focus on core competencyhttps://lnkd.in/g-DHtt8XThe primary...

See “2021” Salary Career Report Vs. “2022” https://lnkd.in/gtYC5Cnw. ASCM’s 2022 Salary and Career Report Shows Minimal Impact from the Great Resignation, High Job Satisfaction…

See "2021" Salary Career Report https://lnkd.in/gpMvehY5Vs. "2022" https://lnkd.in/gtYC5Cnw. ASCM’s 2022 Salary and Career Report Shows Minimal Impact from the Great Resignation, High Job Satisfaction: https://lnkd.in/gNNFTVfW Supply chain certifications: I make my students do this during the first week of class: https://lnkd.in/eZatqcvStudents:Three supply chain orgs you can join (ISMworld.org for $35 & CSCMP.org for $40 & ASCM.org for free!)https://lnkd.in/gyACDRgcI would highly encourage you to join organizations related to what you are majoring in. Send the message to employers that you plan...

Net Alpha Announces materialx Decision Support – A Cloud-Based Service for Supply Chain Management Organizations that Enables Better Raw Material Purchase Decisions

Surprised by raw material price increases? At the WMU ISM supply chain management program we teach our students to track commodity forward price curves. Here’s a quick video of Net Alpha’s cloud based materialx Decision Support service that is being made available to our students in class as they prepare to become future SCM managers. I have asked a lot of SCM managers how they “prepare” to negotiate price increase...

“$ of Assoc Prof Supply Chain range $136K-204K in U.S., w/ median salary of $170K . The middle 67% make $170K, w/ the top 67% making $204K.” Want to become a college professor? If so, let’s get started..

"$ of Assoc Prof Supply Chain range $136K-204K in U.S., w/ median salary of $170K . The middle 67% make $170K, w/ the top 67% making $204K." Want to become a college professor? If so, let's get started...https://lnkd.in/eg7Gvwhs https://www.linkedin.com/posts/sime-curkovic-61617a115_want-to-become-a-college-professor-activity-6939913735910150144-ceQg?utm_source=linkedin_share&utm_medium=member_desktop_web Watch: https://lnkd.in/e2hezwUhttps://lnkd.in/gMy3nwS2 "...particularly for the academic elite, w/ salaries increasing. According to the AACSB, between 2007/08 & 2020/21, avg pay for the highest-ranked business school professors across all disciplines rose by 36% cent from $127,200...

I talked to a group of high schoolers (& their parents) that were thinking about majoring in supply chain. Two common questions were: what do SCM classes look like & who hires WMU ISM grads (see below)?

I talked to a group of high schoolers (& their parents) that were thinking about majoring in supply chain. Two common questions were: what do SCM classes look like & who hires WMU ISM grads (see below)? I did my best to make it all sound cool & I even quoted Bon Jovi & G-N-R, but they had no idea who I was talking about. A piece of advice I offered (see...