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People love salary data (me too). “The demand for logistics talent has never been greater. The low unemployment rate has created a supply/demand imbalance, spurring employers to raise salaries in a bid to attract and retain top talent.

People love salary data (me too). "The demand for logistics talent has never been greater. The low unemployment rate has created a supply/demand imbalance, spurring employers to raise salaries in a bid to attract and retain top talent. Of the 454 respondents to DC Velocity’s 19th annual Salary Survey, 72%) saw a boost in their total compensation in the past year." https://lnkd.in/gESQFNZa & https://lnkd.in/gW-U-KHK & https://lnkd.in/gJquYyT4 https://www.linkedin.com/posts/sime-curkovic-61617a115_more-scm-jobs-than-there-are-candidates-activity-6948610876480397313-CTkg?utm_source=linkedin_share&utm_medium=member_desktop_web SCM $ Information –2021: https://lnkd.in/gpMvehY52021: https://lnkd.in/gn5jM9xt2020: https://lnkd.in/gcsrX6tr2018: https://lnkd.in/gTBMP5dMhttps://lnkd.in/eQvfFMchttps://lnkd.in/g7YamZCU Newer Supply Chain Salary Data....

Tesla workers who started their jobs only months or even weeks ago have been let go while others have had offers withdrawn (is that reneging?)

No major or industry is recessionary proof. However, SCM majors do just fine. When sales are down, how do you make more money? Cut costs. Where are most of your costs? In the supply chain. Tesla workers who started their jobs only months or even weeks ago have been let go while others have had offers withdrawn (is that reneging?). Other big orgs "rescinding" job offers to recruits, see: https://lnkd.in/dNEVmfqA. Ugh, this...

A few students out there have asked: How can SCM impact the bottom line? No other major has a greater impact on what goes into the ROI calculation.

A few students out there have asked: How can SCM impact the bottom line? No other major has a greater impact on what goes into the ROI calculation. That is why you will likely be immediately bonus eligible & your highest ranking functional area leader will have a VP in front of their name. For handout on ROI:https://lnkd.in/gcpbi2Tk Watch these 3 parts: https://www.youtube.com/watch?v=-Gt71HxWvl4&t=116s https://www.youtube.com/watch?v=m4gdWY8IUaA&t=26s https://www.youtube.com/watch?v=0RsxriBsEx4&t=3s Explanation:Remember, ROI = profit margin * asset...

“They paint a picture of an industry with stellar opportunities, including a median salary for supply chain professionals of $86K, 38% above the national number, & a typical starting salary for industry newcomers of $60K.”

“They paint a picture of an industry with stellar opportunities, including a median salary for supply chain professionals of $86K, 38% above the national number, & a typical starting salary for industry newcomers of $60K.” https://www.supplychainbrain.com/blogs/1-think-tank/post/33902-the-supply-chain-industrys-dilemma-great-career-too-few-candidates “After the recruiting process, I received 7 offers…$ 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...

As a buyer, you have every legal right to say you want a “cost breakdown” of the price they gave you. Let’s say you have a supplier and you are starting to get the vibe that you are overpaying. What can you do? You could ask them for a cost break down.

As a buyer, you have every legal right to say you want a “cost breakdown” of the price they gave you. Let’s say you have a supplier and you are starting to get the vibe that you are overpaying. What can you do? You could ask them for a cost break down. https://lnkd.in/gC2THQWB When you ask a current or potential supplier to submit an RFQ (Request for Quotation), you are asking them to...

“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...

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...