When I first entered academia as a supply chain professor 30 years ago, I assumed the ROI on a graduate education in business would fade.
My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:
My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roo
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:
Notice SCM made the list: Transportation, Logistics, Supply Chain, Storage.
https://www.visualcapitalist.com/cp/industry-hiring-in-every-country/
PROJECTIONS POINT TO SALARY INCREASES FOR CLASS OF 2024 BACHELOR’S GRADS…”Business grads have an avg salary projection that is 3% higher, lifting it to $63,907.” Note, WMU SCM grads (2022) have a median wage range of $65-$75K (add $5K+ for 2024).
PROJECTIONS POINT TO SALARY INCREASES FOR CLASS OF 2024 BACHELOR’S GRADS: https://lnkd.in/eRxevuJv. "Business grads have an avg salary projection tha
Do not be a victim of technology. You could make the case that every Business major should minor in Data Analytics. These skill sets would perhaps include:
“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
For a list of employers with 100% remote jobs…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
It might be time for price risk sharing in these buyer-supplier relationships…Also, get ready for another supply chain disruptor: no succession planning…Do not forget where most of the supply chain is: Small Businesses. From HBR article:
It might be time for price risk sharing in these buyer-supplier relationships: https://lnkd.in/eRm5Cdxw. Also, get ready for another supply chain dis
Our new “apprenticeship” program: We just concluded a co-op pilot program with a F500 company that was highly successful and has started its second iteration in 2024. So, what makes this Co-op program different?..
More WMU SCM student & program success stories…
https://wmich.edu/news/2024/02/74893
Our new "apprenticeship" program: We just concluded a
Very nice graphic. Demonstrating self awareness during an interview is huge. Here is a website that is similar to MBTI and it is free…I actually require my students to conduct a personal SWOT and they largely struggle. How about a personal SWOT analysis? For details on how to build your brand (with a workbook):
Very nice graphic.
Demonstrating self awareness during an interview is huge. Here is a website that is similar to MBTI and it is free: https:
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. We specifically talk about data quality treatment strategies to reduce forecasting/prediction errors. CIS 4640 – Business Data Mining:
Great read…
https://hbr.org/2024/03/how-machine-learning-will-transform-supply-chain-management
Note, we cover this in our CIS 4640 Business Da
Based on my observations: employers that interview very selectively for internships & pay market value, tend to convert exceptional talent into full-time employees. In fact, they pay their interns a salary that is very close to what their full-time offers are. For example, from a student:
Based on my observations: employers that interview very selectively for internships & pay market value, tend to convert exceptional talent into f
We just talked about this in class…“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.”
We just talked about this in class...“Cost recovery mechanisms should not be judged in isolation. Inflation-driven cost increases & adjustments n
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.
Supply Chain Management (and Operations) made the list. 43% (SCM)/65% (Ops) large impact - "refers to tasks that will be fully automated or significa
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
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 Lik
Thousands of jobs on LinkedIn w/ Indirect Procurement built into the job description. MRO buyer jobs…I just had a student get an internship offer in “indirect” procurement & she asked me if it was a good opportunity. I gave her a resounding yes.
Thousands of jobs on LinkedIn w/ Indirect Procurement built into the job description: https://lnkd.in/g-Hd-QDv. MRO buyer jobs: https://lnkd.in/ggYJE
LinkedIn shows thousands of jobs in SCM related to “risk” & FMEA (Failure Mode Effects & Analysis).
LinkedIn shows thousands of jobs in SCM related to “risk” & FMEA (Failure Mode Effects & Analysis). https://lnkd.in/enidiMUe & https://ln
Subject: Read: Please Watch Out for Power BI or Tableau. Do not be a victim of technology. Put these skills on your resume if you have them! Students:
Subject: Read: Please Watch Out for Power BI or Tableau. Do not be a victim of technology. Put these skills on your resume if you have the
Subject: Read: Apple’s Core Competency is SCM? I thought it was technology/innovation? Students: Apple’s Core Competency is SCM?
Subject: Read: Apple's Core Competency is SCM? I thought it was technology/innovation? Students:Apple's Core Competency is SCM?https://www.
Full time jobs – non asset based 3PL. FYI – this is a trillion dollar industry in America alone, stuff has to get moved around by someone…
Full time jobs - non asset based 3PL (I will talk about these companies in class the next time we meet, but I wanted to send this because there will
Feedback from former student on consulting jobs after graduation…just in case you see some at the career fairs. Consulting is simply “problem-solving”. “You get paid in direct proportion to the difficulty of the problems you solve” – Elon Musk
Subject: Read: Feedback from former student on consulting jobs after graduation...just in case you see some at the career fairs. There will be sever