Free: Endless links to supply chain salary data $$$…

Nice SCM salary report summary: https://lnkd.in/dTneTGgw. “Supply chain pros are making an avg of nearly $30K more/yr than the avg American, & are generally happy in their careers (ASCM)...The report found that the avg median supply chain salary is $98,570 (including base & additional compensation), up more than 3% from the previous year’s survey. The average median pay in the U.S. in Q4 of 2022 was equivalent to $56,420 annually, according...
Sime Curkovic Free Content

Feedback from former student on consulting jobs after graduation…

Students:Feedback from former student on consulting jobs after graduation...Would you find a consulting job after graduation appealing? Hopefully, we are training our students to become consultants…to their own organization (i.e., problem-solvers).Hi Sime (from my former SCM student), First of all I want to say thank you for giving me the opportunity to work on research with you because that was a significant selling point when I interviewed for my current job...
Sime Curkovic Free Content

Python is coming to Excel?!…

Python is coming to Excel?!… Wow, as a supply chain professor that pushes data analytics on our students, I am trying to make sense of this. I suspect this is going to be a VERY big deal for our CIS faculty and students as they have been waiting for this kind of support for…2 decades? While Excel is powerful, it hasn’t provided “native” tools for adv analytics like ML. By...
Sime Curkovic Free Content

Believe it or not: It is actually now time to start applying & interviewing for 2024 summer internships!

Believe it or not: It is actually now time to start applying & interviewing for 2024 summer internships! Companies get budgets for internships approved months ahead of time & they often recruit nationally for the best talent. Believe it or not: It is actually now time to start applying & interviewing for 2024 summer internships! Companies get budgets for internships approved months ahead of time & they often recruit nationally...
Sime Curkovic Free Content

I encourage my SCM students to get an Accounting minor because College Accounting to me feels like SCM Finance.v

I encourage my SCM students to get an Accounting minor because College Accounting to me feels like SCM Finance. I tell my students: Long term in your careers, understanding SCM Finance will be critical. At the end of the day, SCM executives are evaluated on generating shareholder value (bottom line financial kind of stuff, of which has gotten very creative & complicated). Also, more & more SCM VP’s (C-suite types)...
Sime Curkovic Free Content

Secretary Miguel A. Cardona called college rankings “a joke,” & took aim at selective colleges’ obsession w/ them. From me: Pay attention to what matters most- maybe not rankings…especially at the undergrad level.

More rankings…These Michigan colleges were ranked (congrats!): Albion College, Calvin University in Grand Rapids, Hillsdale College, Kalamazoo College, Kettering University in Flint, Lawrence Technological University in Southfield, Michigan State University, Michigan Technological University, & University of Michigan-Ann Arbor. https://www.mlive.com/news/ann-arbor/2023/08/these-9-michigan-colleges-are-among-the-best-in-the-us-princeton-review-ranking-says.html. From me: if you are a student majoring in something, but your school is not on some list, do not worry about it! I am 99.9% certain that you are still getting a...
Sime Curkovic Free Content

It might be time for price risk sharing in buyer-supplier relationships – “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.”

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. https://lnkd.in/g_ByzrNU. Notice: “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.” See:...

Managing Price Indexing & Economic Adjustments During Inflationary Times? Has Strategic Cost Mgmt (i.e., Price Analysis) become a lost art? Price analysis is a subject that is often overlooked in supply chain education. 70% of new supplier agreements contain inflation driven economic adjustment clauses with the use of indices being the most common.

Managing Price Indexing & Economic Adjustments During Inflationary Times? “A commodity supercycle occurs when prices of commodities rise above their long-term averages for long periods of time, even decades.” Decades? Note, the push towards green energy & infrastructure investments, could lead to this “sustained” period of increased demand for commodities (think copper, nickel, lithium, etc.). Either way, it might be time for price risk sharing in buyer-supplier relationships.Has Strategic Cost Mgmt (i.e.,...

Break-even analysis: I go through this way too fast in my Intro Supply Chain class, but they get the point (it’s strategic and complicated). For example…Let’s pretend you are a junior buyer.

Great post as always. I go through this way too fast in my Intro Supply Chain class, but they get the point (it’s strategic and complicated). https://www.linkedin.com/posts/sime-curkovic-61617a115_entrepreneur-finance-business-activity-7037085979119165440-g1FO?utm_source=share&utm_medium=member_desktop For example…Let's pretend you are a junior buyer. Suppose that a make-buy decision is being made for an injection molded plastic part. In other words, do you make it yourself or do you outsource it to a supplier? The fixed costs of making...

We are teaching our students to look at raw material market data from multiple sources, visualize & analyze historical pricing scenarios, & simulate planned purchases & what-if scenarios against forward price curves. Why?

We are teaching our students to look at raw material market data from multiple sources, visualize & analyze historical pricing scenarios, & simulate planned purchases & what-if scenarios against forward price curves. Why? Over ½ of our students go into Procurement. https://www.linkedin.com/posts/n-alpha_scm-procurement-inflation-activity-7039881090961969153--4a7?utm_source=share&utm_medium=member_desktop Has "Strategic" Cost Management (i.e., Price Analysis) become a lost art? According to World Commerce & Contracting, 70% of current supplier agreements have price increase provisions: https://lnkd.in/g_ByzrNU.Solutions such as the N-Alpha Materialx platform...