I could not help myself & asked chatGPT- Why do so many c-suite executives have graduate degree
From a student today: “Hey, sorry that I was a little late on my HW. My inbox is flooded with emails, and I didn’t see this. My apologies.” Note, never tell your boss this, especially if you shut down an OEM customer that will charge you $22K/minute. HEY College Students: Do not begin an email message with “Hey” & always finish it with “Thank you.” Most college students do the bulk of their electronic communication via text messaging. Standards for emailing are different, especially in academic settings. Students’ emails WILL 100% influence the way their professors view them.
From a student today: “Sorry that I was a little late on my HW. My inbox is flooded with emails, an
AI will have a great impact on SCM. However, one thing often not mentioned is the attitude of hiring managers, as many do not have a full understanding of the AI skill sets of graduating students. Our SCM students told us many times that their hiring managers valued only the traditional Excel capabilities (lookup functions, pivot tables, etc. – that is NOT AI), & they greatly overlooked the opportunities from other analytical solutions (skill sets that our students have).
AI will have a great impact on SCM. However, one thing often not mentioned is the attitude of hirin
My students are asking for a summer reading list (I just wish they would also read the syllabus…because my reading list is in there!). Reading List: A great book read for CFO types that want to understand SCM types (or the other way around?): “Supply Chain Metrics that Matter”…
My students are asking for a summer reading list (I just wish they would also read the syllabus…bec
USA scores #14 on happiness. See: https://lnkd.in/ghNKpKvs. In general, the richest countries report being the most happy. But why isn’t the richest country (the U.S.) the most happy? #1 USA: Total private wealth held is $68 Trillion.
USA scores #14 on happiness. See: https://lnkd.in/ghNKpKvs. In general, the richest countries repor
I really push my supply chain students to learn CFO talk. College Accounting to me feels like Supply Chain Finance. The Accounting Minor for our SCM Majors seems like a great fit & has grown on me. Long term in your careers, understanding SCM Finance will be critical.
I really push my supply chain students to learn CFO talk. College Accounting to me feels like Suppl
“Over time, more companies are choosing to draw from their SCM team when they are looking to fill the CFO role. Therefore, a background in SCM is the perfect preparation for a CFO career path–& possibly even the job of CEO.”
“Over time, more companies are choosing to draw from their SCM team when they are looking to fill t
Parents: 93% of WMU grads are employed or continuing education- https://lnkd.in/gPxaBnys. Washington Monthly has named WMU the best public university in MI for graduate success based on 10 years of earnings following enrollment. WMU ranks No. 1 in graduate earnings & No. 2 in graduation rates.
Parents: 93% of WMU grads are employed or continuing education- https://lnkd.in/gPxaBnys. Wash
Offers are coming in…Should students negotiate an INTERNSHIP offer? The avg SCM internship is $44,918/yr, or $21.6/hr. People on the lower end, bottom 10%, make $37K/yr ($17.80/hr), while the top 10% makes $54K ($25.96/hr).
Offers are coming in…Should students negotiate an INTERNSHIP offer? The avg SCM internship is
Yes, WMU supply chain grads from 2022 have a median wage range of $65-$75,000. Watch these major stories on WMU Haworth’s major students.
Yes, WMU supply chain grads from 2022 have a median wage range of $65-$75,000. Watch these major st
“You can see this in the figure below, which shows data on job postings by non-technology companies tied to skills around artificial intelligence, robotic process automation & data science/analytics.” From Gartner:
“You can see this in the figure below, which shows data on job postings by non-technology companies
Students/Parents: Which college majors pay off? Is graduate school a golden goose or a money pit? Are Ivy League degrees usually worth it? From WSJ:
Students/Parents: Which college majors pay off? Is graduate school a golden goose or a money pit? A
Artificial Intelligence will have a great impact on Supply Chain Management. However, one thing often not mentioned is the attitude of hiring managers, as many do not have a full understanding of the AI skill sets of graduating students.
Top Skills You Need To Become a Data Scientist (every job has data). https://lnkd.in/gk7pgtQZ. Arti
You could make the case that many business grads should have some of these skills…We studied the top skills in analytics jobs & Python was among the top. The visualization libraries in Python can produce the kind of visualizations not available in Tableau & Power BI.
You could make the case that many business grads should have some of these skills…We studied the to
Surprised to see Cost Management that far down. Has “Strategic” Cost Management (i.e., Price Analysis) become a lost art? Price analysis is a subject that is often overlooked in supply chain education. 70% of current contracts have price increase provisions?
Surprised to see Cost Management that far down. Has "Strategic" Cost Management (i.e., Price Analys
So, this article from Forbes is recommending that my students become a jack of all trades, but a master of none? Can you do that & still reap the benefits of being specialized, while also having a variety of career options (w/ advancement opportunities)? Supply Chain Management? WMU Research:
So, this article from Forbes is recommending that my students become a jack of all trades, but a ma
Great post as I will share with my students. Every WMU Supply Chain major now has to take: Global Negotiation…
Great post as I will share with my students.
https://www.linkedin.com/posts/sime-curkovic-61617
We have yet another opportunity to earn a certificate through the WMU Supply Chain Management Center! Don’t miss this great opportunity to earn your Change Management certification with Dr. Jennifer Palthe…
We have yet another opportunity to earn a certificate through the WMU Supply Chain Management Cente
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 t
Great post, will share with my students. Every WMU Supply Chain major now has to take: Global Negotiation…The fastest growing class at WMU. Thank you Dr. James Eckert! See his one page cheat sheet at:
Great post, will share with my students.
https://www.linkedin.com/posts/sime-curkovic-61617a115
“Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation, according to Gallup-Purdue polls.”
Great post & read by Mr. Pulsipher. You can have these relationships with online courses (tough
Note, WMU supply chain grads from 2022 have a median wage range of $65-$75,000: https://lnkd.in/dkGr4_uX. See where that ranks on The 10 highest-paying college majors list below.
Note, WMU supply chain grads from 2022 have a median wage range of $65-$75,000: https://lnkd.in/dkG
West Michigan poised to outperform U.S. as economic slowdown looms. “We actually expect we will grow at twice the rate of the U.S. economy…the region’s economy is expected to grow 2%. Overall, the U.S. is expected to grow at half that rate.
West Michigan poised to outperform U.S. as economic slowdown looms. “We actually expect we will gro
My students ask great questions when it comes to…money. Recently, someone asked if they could earn a great salary in mid-career. I asked what is mid-career & he said by age 30. I smiled, but also told him many of my students are six digits or above by that age. SCM is very opportunistic.
My students ask great questions when it comes to…money. Recently, someone asked if they could earn
Yes, that is college costs at the top of the list (sorry). But, WMU supply chain grads from 2022 have a median wage range of $65-$75K.
Yes, that is college costs at the top of the list (sorry). But, WMU supply chain grads from 2022 ha
I asked my students how many paid vacation days their future employers would be legally req’d to give them in their first full time job offer, they were dismayed by ZERO (but most will get 10-15 days, & they were still dismayed). One student’s response:
I asked my students how many paid vacation days their future employers would be legally req'd to gi
Another awesome post Ms. Labes, thank you. Just curious as to where people think the supply chain function should sit within this chart, especially in regards to the CFO. Assume mfg orgs where direct material purchases (from their supply chain) are 50-80% of each dollar in sales revenue. FYI, per chatGPT:
Another awesome post Ms. Labes, thank you.
https://www.linkedin.com/posts/sime-curkovic-61617a1
Great post, how about a personal SWOT? Most students & even managers put little effort into developing & promoting their brand. How about a personal SWOT analysis? For details on how to build your brand (with a workbook):
Great post, how about a personal SWOT?
https://www.linkedin.com/posts/sime-curkovic-61617a115_s
WMU campus Live shot: https://lnkd.in/eVAymYz. & https://lnkd.in/eGe8UT5. Some 2022 WMU SCM student success stories…
WMU campus Live shot: https://lnkd.in/eVAymYz. & https://lnkd.in/eGe8UT5.Some 2022 WM
Is a law degree a good fit for supply chain managers? Trivia: > 50% of the World’s Lawyers are American (we are 4% of the global population)! Also: U.S. Tort Costs as a % of GDP: 2.40% (the avg for industrialized nations is .8%).
Great post from Mr. Patrucco, I will be sharing w/ my supply chain students.
https://www.linked
Great post from Alcott Global. See #1 (reduce costs) & #2 (automation/data analytics), very consistent w/ the feedback I get from CFOs in West Michigan. A 2022 study from World Commerce & Contracting found that 70% of new supplier agreements contain inflation driven economic adjustment/indexing clauses:
Great post from Alcott Global. See #1 (reduce costs) & #2 (automation/data analytics), very con
Great post & read…”Supply chain has always been an essential business function, but only recently has it begun to gain recognition for the central role it plays in a company’s success…The CHAIN Leadership Model seeks to develop the most important skills needed to lead a successful supply chain and business:”
Great post & read…”Supply chain has always been an essential business function, but only recent
Should You Give Up Your Salary and Go to Grad School? Well, that darn MBA degree still has a great ROI…“Over their lifetime, an MBA grad can expect to earn $3M more than someone w/ only a bachelor’s.”
Should You Give Up Your Salary and Go to Grad School?Well, that darn MBA degree still has a great R
More material on how to respond to supplier price increases:
More material on how to respond to supplier price increases:
https://hbr.org/2015/07/how-to-nego
Here’s why people still take the Myers-Briggs test — even though it might not mean anything. How Does Your Personality Type Affect Your Income & Do you know what your brand is?
Here's why people still take the Myers-Briggs test — even though it might not mean anything. https:
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 &
Michiganders, you should watch this WSJ video. Note: 2/3 of the new auto investment revealed over the past 2 yrs is going to sites in the South…
Michiganders, you should watch this WSJ video. Note: 2/3 of the new auto investment revealed over t
Leadership. I would say this is the #1 reason my students change jobs (it’s their boss). Money becomes a factor when they can make 20%-40% more elsewhere. From Gartner: If you want to develop & retain strong employees without compromising their health and well-being, Connector managers are your secret weapon.
Leadership. I would say this is the #1 reason my students change jobs (it's their boss). Money beco
Wide data is data collected from different sources about individual objects (e.g., products, items, customers, etc.). Let’s say you would like to collect info about customers.
Just remember that big data is not going away, BUT one must understand why/when certain data format
Want to become a college professor? This is an Adjunct Professor job posting…”Compensation: standard compensation for most undergrad courses is $2,200 per 8-week course & $2,500 for most 10-week grad courses. Adjuncts are paid bi-weekly & are considered W-2 employees of xxxx University.” Ugghh?
Want to become a college professor? This is an Adjunct Professor job posting...”Compensation: stand
I encourage my Supply Chain majors to minor in Accounting (rather than Finance). Agree? College Accounting (i.e., Cost & Managerial) to me feels like Supply Chain Finance.
I encourage my Supply Chain majors to minor in Accounting (rather than Finance). Agree? College Acc
Should we teach Tableau or Power BI or both? There are > 100K unfilled SCM Data Science jobs on LI. In our CIS 3640 class we focus on three major areas: (1) Advanced excel functions, Power Query, Power Pivot , & Data Models, (2) Excel Macros, & (3) Visualization.
Should we teach Tableau or Power BI or both? There are > 100K unfilled SCM Data Science jobs on
Notice #5: A Shift From Big Data To Small And Wide Data. Just remember that big data is not going away, BUT one must understand why/when certain data formats create more value.
Notice #5: A Shift From Big Data To Small And Wide Data.Just remember that big data is not going aw
Michigan-Valued at $65 Billion: “Construction is predicted to take 3 years followed by 150 years of production. Potash, a critical ingredient for fertilizer, is only found in a few places in North America. Michigan’s vast 2.9M-acre deposit holds 75M tons of material valued at $65B.”
Michigan-Valued at $65 Billion: "Construction is predicted to take 3 years followed by 150 years of
Western Michigan University offers Lean Six Sigma Yellow Belt certification through its Center for Integrated Supply Management. It is ideal for practitioners who want to gain a fundamental understanding of the tools used to drive continuous improvement into their everyday work.
Western Michigan University offers Lean Six Sigma Yellow Belt certification through its Center for
At $16B, Michigan top state for EV investments. Most of the $120B of EV investments announced since 2015 is heading to 10 states – with $16.6B slated for Michigan.
At $16B, Michigan top state for EV investments. Most of the $120B of EV investments announced since
The U.S. supply chain accounts for 37% of all domestic jobs. “The last time the U.S. labor market was this strong was in 1969…Although mfg hasn’t seen the highest gains, the sector has one of the lowest unemployment rates across job sectors, at 2.4%.
The U.S. supply chain accounts for 37% of all domestic jobs. “The last time the U.S. labor market w
I chuckled (kind of) at #2 on the list: “Spreadsheets Do Not Yield The Best Decisions. During the pandemic, 94% of supply chain decisions were made based on spreadsheet analysis. The issue? A spreadsheet cannot adequately model supply chain complexity.”
I chuckled (kind of) at #2 on the list: "Spreadsheets Do Not Yield The Best Decisions. During the p
It’s not too late. > 7,000 open summer internships in MI, & > 20,000+ nationally. WMU supply chain grads have a median wage range of…$65-$75K.
It's not too late. > 7,000 open summer internships in MI, - https://lnkd.in/gVsHEZxz & > 20,000
Note, Yale and Harvard law schools left this ranking. Secretary Miguel A. Cardona called college rankings “a joke,” & took aim at selective colleges’ obsession w/ them…
Note, Yale and Harvard law schools left this ranking. https://lnkd.in/gTx5vZfg. Secretary Miguel A.