What is Supply Chain Management? Hottest Degree 2024 (Part 1/3), $100K+ by age 30: simecurkovic.com
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- Опубликовано: 13 дек 2015
- 2024 - SCM becomes a household name (never more important or popular). Ready to make over $70K/yr. upon graduation & over $100K by age 30 (& change the world)?
Visit: simecurkovic.com. Follow my blogs at: / sime.curkovic .
Join my network of thousands of SCM pros. Let’s get started.
wmich.edu/supplychain/handout
WMU Integrated Supply Management (ISM)...Nation's best undergraduate SCM program (Gartner 2014); 2nd in SCM technology (SoftwareAdvice 2015); 2nd in top global SCM talent (SCM World 2017)
Dr. Sime Curkovic, professor of supply chain management talks about the opportunities for students who major in supply chain management. This video, directed to potential business students, covers how majoring in a top program like WMU’s integrated supply management program is one of a series of good decisions that you can make in college to set yourself up for multiple job offers, a top salary, and the ability to advance rapidly. The presentation also begins to explore supply chain’s promise of producing products and services better, faster and cheaper and how that leads to better profit margins for companies.
Learn more about Western Michigan University’s top supply chain program at: www.wmich.edu/supplychain
E-Mail: sime.curkovic@wmich.edu
Supply Chain Management & Pat Daugherty and Lee Honors College Faculty Fellow
Western Michigan University, Haworth College of Business Kalamazoo, MI 49008-5429 "Better, faster, cheaper"
Program Major Credit Hours (twice most other programs):
Integrated Supply Management, Western Michigan University 43
Supply Chain Management, Arizona State University 21
Supply Chain Management, Michigan State University 18
Supply Chain Management, Penn State University 24
Supply Chain Management, University of Texas, Austin 21
The unique curriculum of the ISM program is the result of integrating supply chain, information technology, continuous improvement and engineering curriculum from five departments across two colleges.
Curriculum includes 13 supply-chain-specific courses (43 credits)-more than other well-known programs.
Required courses include one dedicated to learning ERP systems and processes by using SAP.
All students take Try-Z, an intensive, three-day capstone course in which student teams use Deming’s Plan-Do-Act management cycle.
ISM majors are required to obtain professional work experience, such as internships, prior to graduation.
Students have an opportunity to obtain a Lean Six Sigma Green Belt by completing an industry project using DMAIC.
As of 2019, close to half of ISM majors are Business Analytics Minors (e.g., big data/analytics, database management, data mining, project management, SQL, Python, PMO, Tableau, Power BI).
Supply chain management major coursework:
MGMT 2800-Intro to Supply Management
MGMT 3200-Managing ERP Systems (SAP)
MGMT 3810-Experiential Live Six-Sigma Lean Problem-Solving (DMAIC & A3)
EDMM 3280-Quality Assurance and Control
EDMM 1420-Engineering Graphics
EDMM 1500/1501-Intro to Manufacturing/Processes and Materials in Manufacturing
MKTG 3720-Sourcing and Purchasing
MKTG 4630-Supply Chain Logistics
MGMT 4640-Production Management and Control
LAW 4840-International Business Law
or LAW 4860-Marketing and Sales Law (Advanced Contract Negotiation)
GEOG 3010-Fundamentals of Geographic Info Systems
or EDMM 4870-Manufacturing Productivity Techniques
or EM 5120-Management of Service Operations
EDMM 4880 or MKTG 4880-Applied Process Reengineering (Try-Z)
Minor/Major: Business Analytics (e.g., big data/analytics, database management, data mining, project management, SQL, Python, PMO, Tableau, Power BI)
Where do students end up?
JOB TITLES
Supply Chain Specialist
Business Services or IS Consultant
Global Purchasing and Supply Chain
Buyer
Procurement Coordinator
Strategic Sourcing
Commodity Manager
Procurement Coordinator
Procurement Analyst
ORGANIZATIONS
Rolls Royce, General Dynamics, Monsanto, BorgWarner, Whirlpool, John Deere, General Motors, GE Aviation, Hormel Foods, Hydro Aluminum, American Airlines, Kellogg’s, Pepsi, Eaton, IBM, JB Hunt, MANN+HUMMEL, Apple, Gentex, Marathon Petroleum, US Army, Coca-Cola, 3M, J.B. Hunt, Parker Hannifin
As of 2019, average starting salary is around $62K. Since 2012, the auto and aerospace industries have hired very aggressively. One OEM starts students at $75K.
simecurkovic.com
Please join at:
www.simecurkovic.com/membership/
Thank you again! Sime
Agreed. Supply chain major going back for my masters. Got out in December 2021, got a job offer for $55k starting as contract. Got a full time offer 4 months later, and went up to $65,000, with total comp with all benefits and bonus over $75k. 7th month in on the raise, only in the company for over a year and a half.
Supply chain requires hard work, but pays handsomely.
he's down to earth and entertaining at the same time
Update as of January 2019: Students are still getting 3-5 job offers upon graduation. The average starting salary is in the low $60s, with the top students getting offers of over $70K. Most graduates are well over $100K by age 30. Also, CEO backgrounds are trending on SCM work experience.
sir may i see the good future in this field after completed my engineering plzz suggest which field is good for me.
1. engineering
2. supply chain management
Please upload more videos you are such a great speaker.
reply me
Funny u don't mention quality of life but only average salary ?
I’m confused on how you get raises I’m only 17 do you ask for a raise or do they give you one?
I agree with this. started with 70k out of school. two promotions later and i make 120k total comp. oh and i majored in political science but work experience landed me a supply chain job. currently seeking a masters in supply chain so i can stay in the industry forever!
Hi I am a junior in college, studying to major in supply chain management. If you don't mind, I was wondering how did you take your time to be successful in the school side as well as getting your work experience done.
If you are free to have any time, I would personally like to email you just to learn about your successes.
Eric Thomas hi eric. It took me 10 years to finish undergrad and I was trying to go to school each year. I was financially unable to go straight through. I took a job at a coffee shop making 9 bucks an hour and moved up to a general manager. It wasn’t pretty. It was that experience as a general manager that allowed me to fund the rest of my schooling as well as make me an attractive candidate to other companies. Now I work for one of the best companies in the world. Not sure how private message on RUclips works but message me and I will respond!
Wow that's really amazing to hear, to have worked for so long just to gain experience and make it this far. I would not have guessed for it to take that long. What drove you to keep on pushing, if i may ask.
Do you ask for a promotion or do they just give it to you?
Kenneth Arafat you have to share you have an interest in growing but the expectation is that everyone gets promoted. Company I work for is not a company you can coast in the same position. But your hard work and curiosity will get you promoted
Sime is great motivator and mentor in the ISM program at Western Michigan. He truly cares about his students success and provides students with information that will help them in the real world
Yep. That was my concentration when I got my MBA. Best decision I've ever made while in the program. SCM integrates with a lot.
@Brandon supply chain management was the concentration
@Brandon go for it. The sky is the beginning
I’m considering pursuing the MBA with SCM concentration. Curious, what job do you work now with that degree? Glad to hear it was such a good decision!
@@nicksteinke4830 you can be a logistician /logistics consultant, freight forwarder, business analyst, business engineer, quality assurance, operations.. many opportunities
From Professor Curkovic: Quickest way to six figures (supply chain management?!)
Dream Jobs: Six-Figure Salaries and a Bright Future by Louise Tutelian
Seemingly every week, another publication or website comes out with its list of the "Best Jobs of the Year" or the "Hottest Careers," purporting to show the best fields to get into for job stability and earnings potential. The problem with many of these lists is that the jobs and careers on them often require years and years of training (see: biomedical engineer), offer an extremely small overall pool of jobs (see: meteorologist), or really don't pay all that well (see: home health aide).
So we've put together a list of jobs that suffer from none of these disadvantages. Using statistics from the Bureau of Labor, salary sites, professional trade groups, and recruiters, we identified jobs that don't require more than two years of additional training to secure a position, have a reasonably large and growing number of overall jobs, and offer six-figure salaries to top earners in the field (generally, the top 10 percent of those employed). These, to our mind, are the true dream jobs.
Global Supply Chain Manager!!!!!
Salary for top earners: $135,100
Projected job growth: 10 percent by 2017
Additional training required: Transitioning into this field could take between six months for courses and up to two years to get a master's degree. Those with operations, purchasing, or logistics education and/or experience have the best chance of getting into this field.
Global supply chain managers are the unsung heroes of companies who have to get products from A to B, on time, and on budget -- and now across continents and time zones as well. The job calls for calm problem-solving ability, high-tech handiness, and diplomatic skill -- a triple threat that's hard to find. According to industry analysts, there is a growing shortage of these specialists as companies streamline and speed up every link in the chain to stay competitive.
More info...
Notice what happens to salaries as you get certified and get a
graduate degree...
Careers in Purchasing and Supply Management
Average Salaries
The Institute for Supply Management™ (ISM) surveyed supply management professionals during January and February to determine average salaries in the supply management profession. This report presents summary results of the survey that is based upon salaries earned during the calendar year. A full report is available to ISM members in the Online Career Center. Some of the key result are listed here. Keep in mind that there are a variety of factors that determine the actual salary you may earn. Salaries vary based on such issues as business climate, work experience, industry, education, certification status, personal ambition, cost of living, and organization budget.
Note, this data is dated, but you get the point ($$$)...Overall average for supply management profession $102,218
Average for those with five or fewer years of experience $ 69,350
1. Average for those with BS/BA in business $ 99,490
2. Average for those with one or more credentials $102,498
3. Average for those with a Master's degree $123,090
Do you understand why the salaries got bigger in each line above?
Sime is an amazing. He is a wonderful Professor who truly cares about his students. He wants to help students. Several of the professors at WMU are like this. They truly care about you as an individual and your career path.
Very well explained thank you for the upload.
Hi Ricardo: See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
From Professor Curkovic: How do companies outsource strategically?
Some companies (both large and small) are going beyond just outsourcing
commodities to also outsourcing core/strategic parts. It makes sense for
smaller firms with scarce resources to outsource commodities. A
commodity by definition is something that several
suppliers exist for and as a result of competition, someone else can do
it better, faster, and cheaper. However, data also shows that
outsourcing core parts can be done effectively if companies take a
strategic approach and avoid short-term considerations.
For example, some companies use techniques such as co-location and
long-term contracts. Smaller companies in particular should establish
joint ownership of all design and manufacturing capabilities developed
during the outsourcing partnership. There was a
time in industry when the school of thought was that every company
needed a core competency and should focus all of its scarce resources on
developing that competency. Having a core competency implied you could
do something better, faster, and cheaper than
anyone else and everyone came to you for it. However, it appears that
strategic outsourcing can in itself be developed into a core competency,
especially for smaller companies that have fewer resources to begin
with.
With core parts there might only be 1, 2, or 3 suppliers to choose from.
After all, a few or no suppliers to choose from is what defines a core
part. Also, if it is core, chances are you need to go with one supplier
because using more than one might be too
complicated and sensitive. Suppliers with only one or two competitors
are reluctant to work with customers that also work with their
competition. Companies, especially smaller ones, should resist the
temptation of using competitive bidding when they outsource
core parts. Why? One, how do you use competitive bidding if there are
only 1 or 2 suppliers to choose from? You cannot. Have you heard about
the government awarding multi billion dollar contracts to suppliers with
no bids? People often ask why don’t they use
competitive bidding to get the best price. It is often because there is
only one supplier that can give the government everything they need and
want.
Also, with core parts, price is usually not the most important
evaluation criterion. Everyone of course cares about price. But how much
does a smaller firm know about price with something as complicated as a
core part? It is not a commodity like a widget. The
buying organization should establish cost target goals and reward the
supplier if they exceed those goals. Usually, strategic outsourcing of
core parts is about performance (e.g., quality, service, and
flexibility). Smaller firms should use negotiation to
find a supplier for core parts. Smaller firms should use inexperienced
junior buyers for competitive bidding of commodities. However, smaller
firms need to tap into the experience and skills sets of senior buyers
that can negotiate the terms and conditions
of a contract with suppliers for strategic parts.
Commodities and core parts can both be outsourced, but the techniques
used for outsourcing requires careful evaluation, especially for a
smaller company. Larger companies might have the resources to regroup if
they ineffectively outsource something strategic,
but smaller companies might be more at risk because of a lack of
resources to play catch up. For example, decades ago, IBM wanted to
outsource the operating system and microprocessor for its personal
computers and it was all about driving down costs. IBM failed
to recognize that these two components of a PC were strategic and that
perhaps cost was not the major driver. IBM quickly outsourced these
parts to Microsoft and Intel. These two suppliers proceeded to widen
their margins in the PC market as companies like
IBM failed to establish joint ownership of design capabilities. IBM was
large enough to regroup from these outsourcing decisions, but most
smaller firms do not have this luxury.
In conclusion, smaller with limited resources. One way to get there is
through strategic sourcing and that includes commodities. For example,
do not assume that you are getting the best price and cannot do better
because it is a commodity. You might outsource
steel pipes to a distributor and only pay $1.00 per piece because that
distributor buys steel pipes from the mill in bulk. It would otherwise
cost you $1.20 if you bought directly from the steel mill. That is
strategic sourcing, but it never stops. Raw material
costs for all types of mills have been escalating at very rapid rates
and these mills refuse to sell products at a loss and go out of
business. They are better managed today and have surcharges for cost
increases that are out of their control such as raw materials.
If the steel mill has a 15% surcharge that is passed on to the
distributor and the distributor marks up that 15%, then your new cost
will exceed $1.15. Strategic sourcing would have addressed this issue
with the distributor upfront and required that you will
only pay an increased amount above the $1.00 that is exactly the rate
of the surcharge. In other words, you will pay the 15% surcharge, but
you will no let the distributor mark up the 15%. You could also shop
around for mills that are more efficient and have
a smaller surcharge or use a different distributor. Even commodities
can be managed strategically and it might be required for smaller
companies as they look for ways to widen margins with fewer resources.
Excellent video
Reads…
How should companies use competitive bidding?
lnkd.in/gS9vCRQ6
Assume a supplier estimates the following costs on an RFQ
lnkd.in/gxFBz3_U
ROI and Your Core Competency (i.e., SCM?)
lnkd.in/euh2rFdU
To stay competitive, companies are forced to outsource commodities and focus on their core competency
lnkd.in/g-DHtt8X
The primary elements for sourcing a supply partner
lnkd.in/ga2xtDsi
What does it mean to be hollow? Sourcing Strategy matters!
lnkd.in/gHB-nzeJ
The most reprinted article in the Harvard Business Review: The “Core Competence” Article
lnkd.in/gDsHme-r
You have every legal right to say you want a “cost breakdown”
lnkd.in/gygd5bzs
Procurement 101: Explanation on Commodities
lnkd.in/g_nEgvhJ
How do companies outsource strategically?
lnkd.in/gevbRKEq
POs & Advanced Contract Mgmt: lnkd.in/gcpHEEvw
How SCM managers “prepare” to negotiate price increases. lnkd.in/gVrdpuer
Hundreds of SCM Blogs…
lnkd.in/e5zG6sZ
lnkd.in/g9_XQdaG
New lectures/career advice can be found at:
ruclips.net/video/R1orKbGDEbM/видео.html
ruclips.net/video/S9cyD9ydG3w/видео.html
ruclips.net/video/shO_ItxFGpE/видео.html
Hundreds of SCM Blogs…
lnkd.in/e5zG6sZ
lnkd.in/g9_XQdaG
Reads…
How should companies use competitive bidding?
lnkd.in/gS9vCRQ6
Assume a supplier estimates the following costs on an RFQ
lnkd.in/gxFBz3_U
ROI and Your Core Competency (i.e., SCM?)
lnkd.in/euh2rFdU
To stay competitive, companies are forced to outsource commodities and focus on their core competency
lnkd.in/g-DHtt8X
The primary elements for sourcing a supply partner
lnkd.in/ga2xtDsi
What does it mean to be hollow? Sourcing Strategy matters!
lnkd.in/gHB-nzeJ
The most reprinted article in the Harvard Business Review: The “Core Competence” Article
lnkd.in/gDsHme-r
You have every legal right to say you want a “cost breakdown”
lnkd.in/gygd5bzs
Procurement 101: Explanation on Commodities
lnkd.in/g_nEgvhJ
How do companies outsource strategically?
lnkd.in/gevbRKEq
POs & Advanced Contract Mgmt: lnkd.in/gcpHEEvw
How SCM managers “prepare” to negotiate price increases. lnkd.in/gVrdpuer
Blogs from Professor Curkovic:
Using Total Quality Management to Develop Environmentally Responsible Manufacturing Systems
www.industrystarsolutions.com/blog/2017/08/using-total-quality-management-develop-environmentally-responsible-manufacturing-systems/
The Relationship Between Quality Dimensions and Business Performance
www.industrystarsolutions.com/blog/2017/07/relationship-quality-dimensions-business-performance/
The Value of Advanced Manufacturing Technology Supplier Support
www.industrystarsolutions.com/blog/2018/08/advanced-manufacturing-technology-supplier-support/
Using Failure Mode Effects & Analysis to Manage Supply Chain Risk
www.industrystarsolutions.com/blog/2018/07/fmea-manage-supply-chain-risk/
Benefits of a Strategic Partnership Approach to Sourcing
www.industrystarsolutions.com/blog/2016/11/benefits-strategic-partnership-sourcing/
An Examination of Supply Chain Quality Assurance
www.industrystarsolutions.com/blog/2016/10/examination-supply-chain-quality-assurance/
Approaches that Far Surpass Competitive Bidding
www.industrystarsolutions.com/blog/2016/09/approaches-that-surpass-competitive-bidding/
Promoting a Sustainable Supply Chain Strategy
www.industrystarsolutions.com/blog/2016/09/promoting-sustainable-supply-chain-strategy/
The Trend Line is Very Positive for Data Analytic Skill Sets
www.industrystarsolutions.com/blog/2016/09/trend-line-positive-data-analytic-skill-sets/
Is Your Company Watching the ISM Manufacturing Index?
www.industrystarsolutions.com/blog/2016/09/company-watching-ism-manufacturing-index/
Vendor Managed Inventory (VMI) or Consignment Inventory (CI)?
www.industrystarsolutions.com/blog/2016/08/vendor-managed-inventory-vmi-consignment-inventory-ci/
How Should Companies Use Competitive Bidding?
www.industrystarsolutions.com/blog/2016/08/companies-use-competitive-bidding-think-long-term/
How to Outsource Strategically
www.industrystarsolutions.com/blog/2016/07/how-to-outsource-strategically/
The ROI of Focusing on Your Core Competency
www.industrystarsolutions.com/blog/2016/07/what-is-your-core-competency/
Do You Know What 4/10 Net 30 Means?
www.industrystarsolutions.com/blog/2016/05/know-410-net-30-means/
Identifying the Factors for Successfully Managing Supply Chain Risks - Factor 1 - Corporate Strategy (Part 1 of 5)
www.industrystarsolutions.com/blog/2015/11/identifying-the-factors-for-successfully-managing-supply-chain-risks-factor-1-corporate-strategy-part-1-of-5/
Identifying the Factors for Successfully Managing Supply Chain Risks - Factor 2 - Supply Chain Organization (Part 2 of 5)
www.industrystarsolutions.com/blog/2015/12/identifying-the-factors-for-successfully-managing-supply-chain-risks-factor-2-supply-chain-organization-part-2-of-5/
Identifying the Factors for Successfully Managing Supply Chain Risks - Factor 3 - Process Management (Part 3 of 5)
www.industrystarsolutions.com/blog/2016/01/identifying-the-factors-for-successfully-managing-supply-chain-risks-factor-3-process-management-part-3-of-5/
Identifying the Factors for Successfully Managing Supply Chain Risks - Factor 4 - Performance Metrics (Part 4 of 5)
www.industrystarsolutions.com/blog/2016/02/identifying-the-factors-for-successfully-managing-supply-chain-risks-factor-4-performance-metrics-part-4-of-5/
Identifying the Factors for Successfully Managing Supply Chain Risks - Factor 5 - Information Technology (Part 5 of 5)
www.industrystarsolutions.com/blog/2016/03/identifying-the-factors-for-successfully-managing-supply-chain-risks-factor-5-information-technology-part-5-of-5/
If you want to specialize in data & become a Supply Chain Analyst (25,000 jobs on LinkedIn) / Supply Chain Data Scientist (171,000 jobs on LinkedIn - that's all), Python is a must-have skill.
A while back, I made these points about our CIS 2650 class (Programming for Data Analytics) and our Business Data Analytics minor in general. Do these points still largely apply?…
CIS 2650 is not just a Python class, but instead a Python class for analytics. There is a difference there. In a traditional Python class, people teach Python straight for the whole semester with so much of syntax, data structure, software development, etc. That type of class is mostly designed for CIS and CS. What we do is different. It is Python in a popular analytics platform (more technically speaking, it is Python in Jupyter, which is an analytics platform that data science and business analytics programs do).
· We studied the top skills in analytics jobs & Python was among the top skills.
· The visualization libraries in Python can produce the kind of visualizations not available in Tableau & Power BI. Students will be able to differentiate themselves from other schools.
· Tableau & Power BI recently added Python or Python+Jupyter because certain Python analytics & visualization are not available in Tableau and Power BI. Using them together makes it a powerful analytics solution (e.g., the ability to transform visualization into implementable actions).
· All data scientists stress the importance of Python in analytics programs. Note, “data scientist” is one of the fastest growing career paths with escalating salaries because not enough people are good at this stuff.
· Python are “R” are both number one & two in analytics, but Python is easier to learn compared to R.
· Past experience in our SCM program (3+ semesters of experience in CIS 2650) shows that non-technical students (SCM, marketing, accounting, etc.) are able to handle the content that we designed.
· Python + Jupyter (or its variant) are used in Big Data (Hadoop, Microsoft Azure, Amazon AWS, etc.). It can also be used with/on SAP HANA, IoT, AI, Blockchain, and smart contracts to implement supply chain visibility, and other SC related solutions, etc.
We believe the above points are still valid. Here are some evidences:
· We studied the top skills in analytics jobs & Python was among the top skills.
· Python is among the top skills for data analysts (Skill number 4 in the list): lnkd.in/e6r8_KBy
· lnkd.in/e7xyUYGs
· The visualization libraries in Python can produce the kind of visualizations not available in Tableau & Power BI. Students will be able to differentiate themselves from other schools.
How much Python do I need to know in order to excel in SCM?
lnkd.in/e6Rmzpw
Will technology replace supply chain jobs?
lnkd.in/eu7ANq6
12 Tips/advice from a college professor (me):
1. Read. People that read a lot make more $ (2.3 times more?!)
lnkd.in/ggBDzJrp
2. Learn the job saving technologies (i.e., data analytics).
lnkd.in/eu7ANq6
3. Learn to interview well (i.e., STAR).
lnkd.in/ePzz3NG and lnkd.in/eZgTxWc
How to prep for virtual career fairs: lnkd.in/evKd-VzQ
Being job ready…
lnkd.in/ed-ZfanD
4. Learn to negotiate ($).
lnkd.in/gMJYNJkh and lnkd.in/guTUcvdu
5. Learn to network & use LinkedIn. lnkd.in/gPZPQtqR
lnkd.in/dAwyTUy
For details on how to build your brand: lnkd.in/dSAA6wF
6. Delay graduation for experience. lnkd.in/ewKu7b_X
7. Learn to problem solve - lnkd.in/eWaJ8q2
8. Double Major? lnkd.in/gAViGTVG
9. Get a grad degree? Earn $3M more than someone w/ only a bachelor’s degree. lnkd.in/g5FY5aty
10. Job rotations? lnkd.in/ervskG5
11. 10 college majors that earn the most money: lnkd.in/gEXGmFfU
12. Free tool for calculating degree ROI: lnkd.in/gEPwNSTJ
Thank you I am going to study supply chain and this helped me so much
Hi Chris: See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
"The number of US job postings for supply chain managers on LinkedIn more than doubled between 2019 & 2022, according to data shared w/ the Financial Times." lnkd.in/gyWH5gxt. The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review. lnkd.in/gbV_aMT7.
Supply Chain Manager Salary: Your 2023 Guide:
ruclips.net/video/-KEbg2FTat4/видео.html
Indeed has material on supply chain careers...70 Job Titles in Supply Chain (w/ Avg Salary): lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? lnkd.in/gFxhqH2m.
Nice SCM salary report summary: lnkd.in/dTneTGgw. “Supply chain professionals are making an average of nearly $30,000 more per year than the average American, and are generally happy in their careers, according to data included in a new report released this morning by the Association for Supply Chain Management (ASCM).
...The report, “The Supply Chain Profession in 2023: Salaries and Careers Across the Globe,” found that the average median supply chain salary is $98,570 (including base and 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 to data from the Bureau of Labor Statistics.”
Also, from ASCM/APICS:
lnkd.in/d7WSAWC3
“Those who invested in career certifications found themselves earning higher salaries. The report found that supply chain professionals who hold at least one credential reported a median salary that is 16% higher than those without. People with two or more certifications earn 34% more.”
For tons of SCM salary data & a complete copy of the 2023 ASCM/APICS salary report, see: lnkd.in/gp6iMKT9.
2023 Logistics Salary Survey: lnkd.in/g-MCCsfa.
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See: lnkd.in/gxTdm8Mu.
#supplychain #salary #career #jobs
ISM’s Women’s Supply Management Community: lnkd.in/gH_Mr77d. Female Supply Chain students & professionals (the opportunities are endless).: lnkd.in/gzFGPTDP. Gender issues in buyer-seller relationships: does gender matter in purchasing? lnkd.in/gqSR9dAp.
Top 10 Women In Supply Chain: lnkd.in/gpj4ArBf.
2022 WOMEN IN SUPPLY CHAIN RESEARCH: lnkd.in/g7AwRES8.
Study: Women Business Owners Are More Trustworthy Than Men. lnkd.in/gAkNrfvp.
Women are an Advantage in Supply Chain Collaboration and Efficiency: lnkd.in/gDqc29nT.
Bucknell Professor Finds Benefits of Having a Woman CFO in Study: lnkd.in/gzBzKXZc.
Women Can Lead The Way Through Supply Chain Challenges: lnkd.in/g4asGi4r.
World's top companies for women: lnkd.in/gUbcFeYp.
lnkd.in/g-e_xqyC
Podcast Episode, "Becoming Successful Women in a Male-Dominated Industry." lnkd.in/ghpHKBMt.
"Steel toes and stilettos: A story of women in the supply chain". The authors of a new book on supply chain tell a story of lean transformation in the context of building inclusive teams. lnkd.in/gKC3KaTB.
From Professor Curkovic - Connect with me on LinkedIn:
www.linkedin.com/in/sime-curkovic-61617a115/
www.simecurkovic.com/posts-page/
www.simecurkovic.com/membership/
- Supply chain knowledge for everyone. Explore, learn, & connect
- Do your job better, faster, & cheaper
- Join my network to reach thousands of SCM students, faculty, & professionals
- Hot Market: Over 25,000 SCM internships and > 250,000 full-time jobs
Join to get access to endless current SCM content and job postings. Bring your SCM needs and questions, and I will provide you with timely and thorough feedback. If you join our growing community today, you will have access to Sime Curkovic’s expertise through blog posts, articles and videos. You’ll also gain access to Dr. Curkovic for one-on-one advice.
Dr. Curkovic (please do not call me Dr.) has more than 30 years experience working to shape the future of SCM professionals. Check out this intro lecture (>217K views). Have access to > 50 hours of timely SCM content with > 4,400 RUclips & > 20K LinkedIn followers, & thousands of views daily.
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: lnkd.in/gsKyJ9rn. WMU supply chain grads have a median wage range of $65-$75K. lnkd.in/dkGr4_uX.
WSJ: lnkd.in/gMy3nwS2.
The U.S. supply chain accounts for 37% of domestic jobs: Harvard Business Review. lnkd.in/gbV_aMT7
> 5,000 open summer internships in MI, postings - lnkd.in/gVsHEZxz & > 20,000+ nationally - lnkd.in/gRKmr7QE. What are they looking for? SCM majors. Perhaps delay graduation for work experience & stay specialized...lnkd.in/gdr7f9wb
Per Fortune, “Over their lifetime, an MBA graduate can expect to earn $3 million more than someone with only a bachelor’s degree, according to GMAC.” When is the right time? lnkd.in/gka9Qqmg
Great read: lnkd.in/gCiYgwS2 - "Salaries in SCM are going up & avg $10K-20K higher than entry-level positions in other fields." SCM, quickest way to six figures- lnkd.in/guSURWFF. Negotiate a higher starting salary? lnkd.in/gMJYNJkh.
Secretary Miguel A. Cardona called college rankings “a joke,” & took aim at selective colleges’ obsession with them... lnkd.in/gup9rrDQ
"Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation." lnkd.in/gSuzhcjP -those who believe a professor cared about them as a person, made them excited about learning, & encouraged them to pursue their dreams had more than double the odds of being engaged at work & experiencing a higher degree of well being overall, these studies find. lnkd.in/g-v3-iTk
…only 3% of grads reported having the kind of positive experiences in school that these studies find to be valuable.
At WMU, we do better than 3%. Why? My answer: faculty are obsessed with student success (that’s what you should be looking for as a student). lnkd.in/gK_PQdYh
Another study:
Students who choose to specialize are having better experiences than those who stay generalist. They also found that professors have the most influence on major. lnkd.in/ex89namH
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 world class education that is extremely comparable to the schools on the list. In fact, in some ways, you might be getting a better education (i.e., smaller classes, closer mentors, better ROI maybe, etc.). Note also, all rankings are somewhat dubious and suspect. At the undergraduate level, pay less attention to the brand and reputation of the school, and pay attention to your major (i.e., does demand exceed supply which means you will have multiple job offers upon graduation) and make great decisions while you are in school (i.e., work experience, networking, grades, passing a drug test, build your brand, etc.).
#college
so good to stumble upon this video, I went to Western back in 2000 but not for a business major. However, I knew Sheema from the gym :). Remember him being very regular, very dedicated .... excellent video , really like the way he is breaking it apart ... Go Broncos !!!
I wish he had told me that before I racked up 30k in debt and only got an associates degree. Nobody really told me anything.
Tips/advice from this college professor (aka, educated idiot):
1. Read. People that read a lot make more $ (2.3 times more?!)
lnkd.in/ggBDzJrp
2. Learn the job saving technology.
lnkd.in/eu7ANq6
lnkd.in/gE3wp6JU
3. Learn to interview well.
lnkd.in/ePzz3NG and lnkd.in/eZgTxWc
How to prep for virtual career fairs: lnkd.in/evKd-VzQ
Being job ready…
lnkd.in/ed-ZfanD
4. Learn to negotiate ($).
lnkd.in/gMJYNJkh and lnkd.in/guTUcvdu
5. Learn to network & use LinkedIn. lnkd.in/gPZPQtqR
lnkd.in/dAwyTUy
lnkd.in/gFa3iCsg
6. Delay graduation for experience. lnkd.in/ewKu7b_X
7. Learn to problem solve - lnkd.in/eWaJ8q2
lnkd.in/gSVTKmwC
8. Double Major? lnkd.in/gAViGTVG
lnkd.in/gqAE9u8W
9. Get a grad degree? Earn $3M more than someone w/ only a bachelor’s degree. lnkd.in/g5FY5aty
lnkd.in/gA9KH-Ff
10. Job rotations? lnkd.in/ervskG5
11. 10 college majors that earn the most money: lnkd.in/gcSqXwyJ & lnkd.in/gEXGmFfU.
12. Free tool for calculating degree ROI: lnkd.in/gEPwNSTJ
lnkd.in/gsKyJ9rn
13. Get certified as a subject matter expert:
lnkd.in/g3yfkvQr
lnkd.in/gVbQV2q7
14. Learn to talk CFO talk:
lnkd.in/gtve9xTM
Recent WMU SCM student success stories…
1. Finding a team: Dylan Sing’s future in supply chain management
Dylan Sing is a team player as a student athlete on the WMU men's soccer team and as a supply chain management major.
lnkd.in/ggqPmMyw
2. Integrated supply management student wins prestigious scholarship. Madison Dober excels as a woman in the supply chain field, winning a scholarship from the Transportation Club of Detroit.
lnkd.in/d5UEQVJV
3. Pursuing career in supply chain management is a slam dunk for Megan Wagner. Junior Bronco basketball player and integrated supply management major Megan Wagner is making the most of her time in college.
lnkd.in/dBiNSWbC
4. Women in supply chain receive expert professional development from one of their own. This summer a group of women majoring in integrated supply management participated in a 6-week professional development class facilitated by WMU supply chain graduate, Trisha Terns.
lnkd.in/gKu9XcVy
5. Leading the way with Lean Six Sigma: WMU students earn certification. Students in several process management courses earned their Lean Six Sigma Yellow Belt Certifications, demonstrating their commitment to continuous improvement and ability to become business leaders before graduation.
lnkd.in/g2VDbEPx
6. Supply chain spotlight: Industry insight and problem solving put to the test.
lnkd.in/gxm-T4Xz
7. WMU supply chain program named top program for 13th straight year.
lnkd.in/g4Ch_qxY
8. Jessy Mutombo: Going the extra mile
lnkd.in/gU_Mag6i
9. Presidential Scholar, MIRANDA MCNIVEN.
lnkd.in/gFG75HSJ
10. Two WMU ISM students, Madison Dober and Alexandra Henson, have been honored with a scholarship from Achieving Women’s Excellence in Supply Chain Operations, Management and Education (AWESOME).
lnkd.in/g4VyPcUq
#supplychain
simecurkovic.com
"WMU Integrated Supply Management (ISM)...Nation's best undergraduate SCM program (Gartner 2014); 2nd in SCM technology (SoftwareAdvice 2015); 2nd in top global SCM talent (SCM World 2017)
From Professor Curkovic: To view six sigma lean student project presentations, see:
ruclips.net/video/bjIrIT-Cllc/видео.html
Enjoying supply chain management lectures
I wish i was sitting in his class at 22
Part 2 of this lecture can be found at:
ruclips.net/video/m4gdWY8IUaA/видео.html
JOB SECURITY: U.S. News & World Report recently predicted that supply chain jobs would expand by 25 percent within the next decade and identified supply chain as one of the “20 Best Business Jobs.” Supply chain management is also included in lists that rank top career fields for women during the next decade.
Can you make a discord or a way to communicate that’d be fun/ hopefully educational. 2nd year of college.
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).
www.wsj.com/lifestyle/careers/college-degree-jobs-unused-440b2abd
Half of College Grads Are Working Jobs That Don’t Use Their Degrees
Notice:
“More than any other factor analyzed-including race, gender and choice of university-what a person studies determines their odds of getting on a college-level career track. Internships are also critical.”
I chuckled at this one: "He also regrets taking an entry-level sales job in logistics after months of fruitless job hunting after graduation."
“Bachelor’s degree holders in college-level jobs earn nearly 90% more than people with just a high-school diploma in their 20s.”
“…most of the graduates who don’t find work reflecting their degrees are what they call “severely underemployed, meaning they’re in jobs that only require a high school education or less.”
Picking a college major:
lnkd.in/eX8XUHxj
Notice SCM made the list: #5. Supply Chain (Logistics): $52,290.
finance.yahoo.com/news/majored-one-18-subjects-ll-193945292.html
Note, WMU SCM grads (2022) have a median wage range of $65-$75K. lnkd.in/dkGr4_uX. I have been trying to explain SCM to high schoolers. It’s not that easy. Parents like to see this: the number of US job postings for supply chain managers on LinkedIn more than doubled between 2019 & 2022: lnkd.in/gyWH5gxt. The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review: lnkd.in/gbV_aMT7.
“Employers are fed up with college 'waste,' opt for skilled blue-collar workers instead”…Really? lnkd.in/gR5pNeDe.
Ranked: Median Student Debt for a U.S. College Degree: lnkd.in/g_Eaq7zu.
Ranked: Most Popular U.S. Undergraduate Degrees (2011-2021): lnkd.in/gWTxiFch.
The top 10 most-regretted college majors - and the degrees graduates wish they had pursued instead: lnkd.in/gtapAxUJ.
Students/Parents: Which college majors pay off? From WSJ: lnkd.in/gMy3nwS2 & lnkd.in/gH3jSWKt.
90% of 2023 graduates think college is really worth it. lnkd.in/g_Vipjd5.
College majors have a big impact on income. Here are the highest- and lowest-earning fields: lnkd.in/gt8BHiFM.
Here’s where the jobs are - in one chart: lnkd.in/gN-dSc6E.
The 10 highest-paying college majors, five years after graduation: lnkd.in/gTFb6_vw.
Top Degrees in demand, current data (2023) from NACE: lnkd.in/g3kM_sZ6.
Professional experience that pays well while in college?...Thousands of new internships posted, to name a few - lnkd.in/gVsHEZxz & lnkd.in/gRKmr7QE & lnkd.in/gmMH5myb. What do internships pay (never work for free)? The going rate appears to be $18-30/hr. See: lnkd.in/g6CH_pYv & lnkd.in/g4znXYHu. Being job ready in the post covid market & beyond. lnkd.in/eZGZbkP & lnkd.in/g8cAcBh3.
Are students satisfied with their college experience?...Students have overwhelmingly positive reactions to their college experience: lnkd.in/gR5pNeDe.
Goals of an internship (it’s not job shadowing): lnkd.in/gMtdr92u.
If you look at this 2020-2030 job growth chart closely, all things supply chain related scored VERY well: lnkd.in/g8n-dCz2
hashtag#college hashtag#major hashtag#careers hashtag#supplychainmanagement
Handout can be found at: wmich.edu/supplychain/handout
Great read: lnkd.in/gCiYgwS2 - "Salaries in SCM are going up & already average $10K-$20K higher than entry-level positions in other fields." Quickest way to six figures? Answer: SCM - lnkd.in/guSURWFF.
Note, there are hundreds of open unfilled supply chain internships in Michigan (5,000+ nationally). See postings in MI: lnkd.in/gVsHEZxz What are they looking for? SCM majors. Perhaps delay graduation for work experience & stay specialized...
lnkd.in/gdr7f9wb
The placement success & starting salaries for WMU ISM is off the charts. *Median salary for all WMU ISM degrees was $60K-$65K (around 10% of grads hired on w/ one auto OEM at $78K!). "SCM" + "Degree" = jobs & $$. lnkd.in/gV4x6GWE
There are > 20K jobs on LinkedIn not filled which have the words "entry-level supply chain" in the job title.
"SCM"+"Data Analytics"=jobs & $$. There are > 35K jobs on LinkedIn not filled which have these words in the job title and/or job description - “supply chain” & “analyst” & “data analytics”. lnkd.in/dQABdsXc
There are >10M jobs not filled in the U.S., many of which are in SCM. In fact, if you loosely define SCM, around half these jobs are in SCM.
"Only" 113K unfilled jobs in Indirect Procurement on LinkedIn, & > 4K MRO Buyer jobs not filled. lnkd.in/gFrGvpCA
SCM Data Scientist (>171K jobs on LI- that's all).
Our Business Data Analytics minor:
lnkd.in/gf_UWz5x
lnkd.in/gKV4dw2z
lnkd.in/gHnUrVZz
lnkd.in/g9pgFErz
SCM Finance (>25K jobs on LinkedIn - that's all).
lnkd.in/gE9gVG34
A SCM undergrad degree creates many benefits beyond employment, but it never hurts to get a bit of educational ROI either!
_
JOB SECURITY? U.S. News recently predicted that SCM jobs would expand by 25% w/i 10 years & identified SCM as one of the “20 Best Business Jobs.” SCM is also included in lists that rank top career fields for women (lnkd.in/gKF3-iXu.)
"...it’s clear that SCM professionals are poised to become the most powerful executives in the world..."
CEOs Will Come from SCM? lnkd.in/eGb9u-3
lnkd.in/gVC7TNCT
Common Theme from Grads: It's a great career path because SCM jobs are everywhere. Additionally, SCM jobs usually pay great & there is a great room for career growth. The career path also offers excellent work satisfaction, & it's hard to get bored.
___
SCM Salary Data: lnkd.in/eQvfFMc
Negotiation: lnkd.in/guTUcvdu
Top School: lnkd.in/dn9-BCg
lnkd.in/dVdMRXP
Trends: lnkd.in/gDBXEi26
Internship pay: lnkd.in/e8pfXtC
SCM orgs: lnkd.in/gkeAdXcU
Double Majors? lnkd.in/gAViGTVG
WMU ISM...1st among non-PhD granting programs & #8 overall (Gartner 2018)
*2.4M SCM jobs to remain unfilled between 2018 and 2028
*44M people employed in SCM jobs, making up 37% of the job market
*A third of current SCM workers have hit retirement age
>20,000 jobs on LinkedIn not filled w/ "entry-level supply chain" in job title
>35,000 jobs not filled w/ these words- “supply chain” & “analyst” & “data analytics”
113,000 unfilled jobs in Indirect Procurement & > 4K MRO Buyer jobs not filled
Supply Chain Data Scientist (>171,000 jobs on LinkedIn - that's all)
Supply Chain Finance (>25,000 jobs on LinkedIn - that's all)
>10,000,000 (10M) jobs not filled in the U.S., ½ are in SCM
Our students are going into a job market inundated with outdated processes. Manual and labor-intensive operations will force them to spend hours every week doing repetitive tasks that could be automated for much greater efficiency and accuracy, allowing them to focus on more fulfilling work. The majority of their time will be spent gathering data, while much less will be spent analyzing and providing insights to support strategic decision-making.
For example, during these inflationary times, it is time for business faculty to start teaching the lost art of Price Analysis and Strategic Cost Management (in very different ways). I have asked a lot of business managers how they “prepare” to negotiate price increase requests from their suppliers. In particular, I was curious about how and where they get their data from (i.e., Chicago Board of Trade (CBOT), Chicago Mercantile Exchange (CME), Commodity Exchange (COMEX), London Metals Exchange (LME), New York Mercantile Exchange (NYMEX), etc.). Many said their suppliers provide that information. I am not convinced that using data from your suppliers is a form of “Preparation” for the negotiation process.
Surprised by price increases? As much as 70% of current contracts have price increase provisions! In the WMU supply chain management program we teach our students to track commodity forward price curves. We now look at raw material market data from multiple sources, visualize and analyze historical pricing scenarios, and simulate planned purchases and what-if scenarios against forward price curves.
How do we better prepare our business students to be job ready day one? Procurement organizations need processes and “tools” to mitigate and negotiate on these price increase requests in a strategic, data-driven manner (and academics need to do a better job of teaching it). Traditionally, we have worked very hard to help our students develop very sophisticated data analytics skill sets to manage these very large and complicated forms of information.
Employers place a premium on these business analytics skill sets and would include:
Advanced Excel (power query & pivot) & macros;
2. Data visualization (Tableau, Power BI & python w/ seaborn & matplotlib);
3. Data mining/RapidMiner, machine learning & data science;
4. Python & Jupyter notebook (data analytics & statistical libraries such as pandas, numpy);
5. Relational data models (Excel data model);
6. Graphic & statistical libraries (Seaborn, Matplotlib, Pandas, & Plotly).
See our Business Analytics minor at:
wmich.edu/infosystems/academics/analytics
However, I would recommend complimenting the above skill sets with bringing in some cloud-based software and technology that gets us beyond manually updating and coding giant colored Excel spreadsheets. For example, I have been collaborating with N-Alpha and they have a cloud platform called materialx that I am bringing into the classroom (n-alpha.com/solutions/decision-support/). It gets us away from manually updating spreadsheets. Further, these technology software companies tend to be very supportive in helping faculty and students as these students will eventually become the future business professionals that actually use the technology (win-win-win, right?). And the technology is out there!
We will soon have some white papers from our WMU SCM program based on the following price analysis & strategic cost management research. Some of our alumni are already testing and / or implementing these cloud-based services that allows procurement organizations, finance, and all other organizations that are exposed to raw material pricing changes, to stay on top of market pricing from multiple sources and proactively assess its impact on future raw material purchases.
These technologies are also now serving as the basis for addressing price indexing implementations (formulas, alerts, etc.). It can all be done automatically and updated daily, saving hours from manually updating spreadsheets. These tools are quick and easy to use to prepare for price negotiations with suppliers, and often returns its investment (which is minimal to begin with) rapidly. These technologies also allow organizations to replace multiple spreadsheets and email threads with one tool that tracks pricing, facilitates collaborative decisions, revisiting past decisions and what led to them, and capturing organizational knowledge.
I have asked many of my former students what are the most prevalent technologies used in your supply chain and business role. The two most common answers are Excel spreadsheets and email. It is 2023 now and we need to move further along. You could make a strong case that using antiquated business tools was a major source of supply chain disruptions the last few years.
My former students keep telling me they are the “Excel Spreadsheet” generation. Excel works and they have very advanced spreadsheet skills. They also tell me that it gives them a competitive advantage in the workplace (i.e., people depend on their monthly report outs per se and very important people read them). The older managers have very weak Excel skills and even the younger graduates coming in have to play catch up to the people that are in their 30s and 40s (that have very advanced Excel skills). My former students also feel very comfortable with Excel. Many of these spreadsheets are their own creation and they find it empowering. In general, it works, it works well, it gets the job done, they feel comfortable with this version of technology while most others do not feel comfortable with it, the technology itself is cheap, and it gives them job security. Some said it took years to build up these spreadsheets, and now they are up and running. However, as I teach my current students, there are alternatives rooted in technology that will allow you to do things better, faster, and cheaper.
Final Thought
In talking with a colleague, we both agreed that many hiring managers do not have a full understanding of the Artificial Intelligence (AI) skill sets associated with our graduating students. Our business students told us many times that their hiring managers valued only the traditional Excel capabilities (i.e., lookup functions, pivot tables, etc. - however, that is NOT AI). Managers also greatly overlook the opportunities from other analytical solutions (skill sets that our students have). This makes it a bit difficult to sell the analytical techniques taught in classes that go beyond our Advances Excel and Predictive Analytics courses. For example, our data mining class is essentially a machine learning class for business, which is the core of AI. The course is designed to solve the problems that Excel falls short on.
Hopefully we do a better job of training our students to “sell” the AI skills and managers become more open to embracing the benefits (which might require a culture change). Embracing and trying new technologies requires leadership that is willing to try new things. Otherwise, we keep using spreadsheets and email to manage very large and complicated data sets.
The U.S. Bureau of Labor Statistics predicts that employment for supply chain management should increase by 20 percent through 2018, which is nearly twice as fast as the 11 percent average for all industries combined.
The numbers support the “crisis.” The U.S. Bureau of Labor Statistics reports that jobs in logistics are estimated to grow by 26% between 2010 and 2020. Furthermore, one global study estimates that demand for supply chain professionals exceeds supply by a ratio of 6:1, with some predicting that ratio could be as drastic as 9:1
Advice from this college professor (aka, educated idiot):
1. People that read make 2.3x more: lnkd.in/ggBDzJrp
2. Learn job saving technology.
lnkd.in/eu7ANq6 & lnkd.in/gE3wp6JU
3. Learn to interview well.
lnkd.in/ePzz3NG and lnkd.in/eZgTxWc
How to prep for virtual career fairs: lnkd.in/evKd-VzQ
Being job ready…
lnkd.in/ed-ZfanD
4. Learn to negotiate ($).
lnkd.in/gMJYNJkh & lnkd.in/guTUcvdu
5. Network & use LinkedIn. lnkd.in/gPZPQtqR & lnkd.in/dAwyTUy & lnkd.in/gFa3iCsg.
6. Delay graduation for experience. lnkd.in/ewKu7b_X
7. Learn to problem solve - lnkd.in/eWaJ8q2 & lnkd.in/gSVTKmwC.
8. Double Major? lnkd.in/gAViGTVG & lnkd.in/gqAE9u8W.
9. Get a grad degree? Earn $3M more. lnkd.in/g5FY5aty & lnkd.in/gA9KH-Ff.
10. Job rotations? lnkd.in/ervskG5
11. 10 college majors that earn the most $: lnkd.in/gcSqXwyJ & lnkd.in/gEXGmFfU.
12. Tool for calculating degree ROI: lnkd.in/gEPwNSTJ & lnkd.in/gsKyJ9rn.
13. Get certified as a SME: lnkd.in/g3yfkvQr & lnkd.in/gVbQV2q7.
14. Learn to talk CFO talk: lnkd.in/gtve9xTM.
Excellent video. I liked the part where you mention that you’re true motive at this point (given your union status) is to make a difference in people’s lives. It would be nice if someone with your class and charisma was running for president in the USA.
No way Paul! No desire to join the dark side. Thank you so much though. That was very kind of you to say.
More advice:
scmtalent.com/podcast-sime-curkovic
In This Episode:
We speak with Sime Curkovic, a Professor of Operations and Sourcing Management at Western Michigan University. Sime talks about his start in supply chain along with how he got into becoming a supply chain instructor. He provides an in-depth dive into the hard skills and soft skills students need in order to best appeal to what employers are looking for. In particular, he shines a light the ability to use data analytics and make better and faster decisions using the cloud-based tools available today vs. trying to work with just color-coded Excel spreadsheets. He sees supply chain as a well rounded major with lots of upside. He also places high value on hands-on, experiential learning. Sime sees hybrid work as the future, but is concerned about totally remote positions that may not provide the best value out of talent. He also encourages students to look at the big picture of where work can develop you rather than simply chasing money. He places very high value on the ability to grow your networks. Sime closes by emphasizing how setting aside time for reading can greatly impact your career.
For more information:
www.simecurkovic.com/2022/02/10/salaries-in-scm-are-going-up-already-average-10k-20k-higher-than-entry-level-positions-in-other-fields-quickest-way-to-six-figures-answer-scm/
www.simecurkovic.com/2022/02/10/11-trendy-things-we-are-doing-in-the-wmu-ism-supply-chain-program/
www.simecurkovic.com/2022/02/10/scm-data-scientist-171k-jobs-on-linkedin-does-your-school-teach-this-we-do/
You can follow my blogs at: medium.com/@sime.curkovic
Hey Professor, loved the video and how you cover all the interesting topics of SCM. I’ve just graduated from Technology Information Management and am trying to set myself apart. I’m currently studying for the APICS CSCP certification right now and was wondering if you have any opinions regarding this certification? Thanks. :)
Hi Al, you nailed it. APICS/ASCM CSCP is king of the hill. CPSCM by ISM is the only one that comes close. The ISM certs might be best for those that want a procurement/purchasing career path. I like APICS/ASCM for a more well rounded SCM career path. I hope that makes sense. Basically, you picked a great one. This cert will externally validate you as a subject matter expert in SCM. The data shows that this certification will serve you very well. For example:
Notice what happens to salaries as you get certified & get a
graduate degree...
Careers in SCM
Average Salaries (this is actually a few years old so the current numbers are even bigger)
*Overall average for supply management profession $102,218
*Average for those with five or fewer years of experience $ 69,350 (average for WMU ISM graduate is around $62K)
1. Average for those with BS/BA in business $ 99,490
2. Average for those with one or more credentials/certifications $102,498
3. Average for those with a Master's degree $123,090
Do you understand why the salaries got bigger in each line above?
Supply Chain is the Dream Job? Quickest Way to Six-Figure Salaries.
Every week, another pub comes out with its list of "Hottest Careers."
So, using stats from the gov, what’s the dream job?...
Global Supply Chain Manager!!!!!
Average salary for higher end earners: $135,100
Global SCM managers are the unsung heroes of companies who have to get products from A to B, on time, & on budget. The job calls for calm problem-solving ability, high-tech handiness, & diplomatic skill -- a triple threat that's hard to find. According to industry analysts, there is a growing shortage of these specialists as companies streamline & speed up every link in the chain to stay competitive.
@@simecurkovic I appreciate the quick reply so much and sorry on my part for the delay in responding. Thanks for all that feedback, especially coming from one of the GOATs in SCM. As a 20-year-old with an IT degree trying to get an entry-level supply chain job, I'm currently a week into studying for the CSCP as it's extremely recommended with entry-level buyer/SCM roles for companies such as SpaceX and Amazon.
On a completely unrelated note, I find it amazing how mostly all of the information you provided in 2015 still pertains to the present, especially with the pandemic which has disrupted supply chains. You're extremely entertaining and informative with all the comments/content that you've posted throughout the years and wish you were one of my professors while at UCSC haha. I wish WMU offered a Masters's Program in Supply Chain as I'd love to learn more from you. Thanks so much and have a good one!
@@AlbertFarrales Hi Al, oddly enough, the only thing that is outdated in the video is demand and salaries. Since I put this video together, demand has soared, along with salaries, and the covid situation has brought SCM to Main Street, and front and center in the C suites/board rooms. Nothing but upside here. You might find this one interesting:
ruclips.net/video/0TAqu5IUcv8/видео.html
Reach out any time. Thank you. Sime
Hi Al See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
Subject: Read: Yes, delay graduation for work experience (it is a deal breaker)!
Students:
Most good paying jobs are highly specialized (e.g., purchasing, operations,
and logistics). Your degrees are highly specialized but you also have to
get good practical work experience related to what you are majoring in.
Quite simply, students without work experience in their major do not
get good jobs in their major. That means you have to make getting an
internship one of your top priorities while in school. You have to do
this even if it means delaying graduation. The delay will pay for itself
in terms of starting salary and future advancement opportunities
(because of what you learned during the internship and what you brought
into your full-time job because of the internship). Pasted below is some
feedback from a manager that thinks WMU students are less inclined to
delay graduation for great work experience. I think his points are
somewhat exaggerated, but I just wanted to reiterate the importance of
getting work experience related to what you are majoring in.
I am
currently working with a handful of WMU ISM graduates that are
unemployed. What do they have in common? Low GPAs and no work
experience. Again, please know that I am not judging. I just want the
very best for you.
Thank you. Sime
***************************
ISM Students (here is an email from a manager):
As
a bit of feedback, we always seem to have trouble convincing students
from WMU that taking a semester off school and working for a large
company is "okay". They tend to want to stay in school straight through
and graduate in 4 yrs. In my opinion, times have changed, and a student
absolutely needs to have some co-op work experience on their resume in
order to land a good job in the area of Supply Chain. A summer
internship (around 3 months) is just not enough anymore, and more and
more companies are moving away from programs like that, and moving to
full-semester type co-op positions. I am not certain what WMU's position
is on students taking a semester off to relocate and complete a full
semester co-op term. Do you have conversations with students about that topic?
We
primarily work with Bowling Green State Univ.'s Supply Chain program.
They seem to help convince students to take a semester off, as the
experience gained cannot be matched. This way, when students are
interviewing, they are already expecting to take a semester off.
Sometimes, at WMU, students seem shocked and uncomfortable about taking
that semester off. All in all, we have still had some great co-ops from
WMU, and we will continue to look to fill our positions with WMU
students.
Do you agree?
Thank you. Sime
The 16 worst-paying college majors, five years after graduation: lnkd.in/eTyx7YpW. But…If You Majored in One of These 18 Subjects, You’ll Likely Have a Comfortable Retirement: lnkd.in/e2nireWR. Notice SCM made the list: #5. Supply Chain (Logistics): $52,290. Note, WMU SCM grads (2022) had a median wage range of $65-$75K. lnkd.in/dkGr4_uX.
I have been trying to explain SCM to high schoolers. It’s not that easy. Parents like to see this: the number of US job postings for supply chain managers on LinkedIn more than doubled between 2019 & 2022: lnkd.in/gyWH5gxt. The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review: lnkd.in/gbV_aMT7.
“Employers are fed up with college 'waste,' opt for skilled blue-collar workers instead”…Really? lnkd.in/gR5pNeDe.
Ranked: Median Student Debt for a U.S. College Degree: lnkd.in/g_Eaq7zu.
Ranked: Most Popular U.S. Undergraduate Degrees (2011-2021): lnkd.in/gWTxiFch.
The top 10 most-regretted college majors - and the degrees graduates wish they had pursued instead: lnkd.in/gtapAxUJ.
Students/Parents: Which college majors pay off? From WSJ: lnkd.in/gMy3nwS2 & lnkd.in/gH3jSWKt.
90% of 2023 graduates think college is really worth it. lnkd.in/g_Vipjd5.
College majors have a big impact on income. Here are the highest- and lowest-earning fields: lnkd.in/gt8BHiFM.
Here’s where the jobs are - in one chart: lnkd.in/gN-dSc6E.
The 10 highest-paying college majors, five years after graduation: lnkd.in/gTFb6_vw.
Top Degrees in demand, current data (2023) from NACE: lnkd.in/g3kM_sZ6.
Professional experience that pays well while in college?...Thousands of new internships posted, to name a few - lnkd.in/gVsHEZxz & lnkd.in/gRKmr7QE & lnkd.in/gmMH5myb. What do internships pay (never work for free)? The going rate appears to be $18-30/hr. See: lnkd.in/g6CH_pYv & lnkd.in/g4znXYHu. Being job ready in the post covid market & beyond. lnkd.in/eZGZbkP & lnkd.in/g8cAcBh3.
Are students satisfied with their college experience?...Students have overwhelmingly positive reactions to their college experience: lnkd.in/gR5pNeDe.
Goals of an internship (it’s not job shadowing): lnkd.in/gMtdr92u.
If you look at this 2020-2030 job growth chart closely, all things supply chain related scored VERY well: lnkd.in/g8n-dCz2
hashtag#supplychainmanagement hashtag#supplychain hashtag#logistics hashtag#careers
I'm taking classes towards a bachelor's degree in transportation and logistics management I'm preparing myself researching before I even start LOL he's like im 🇭🇷 AHA ME TOO NOW I KNOW IMA PASS THIS. 🤣😄
I'm currently first year law under grad ( in the UK) but interested in supply chain as a masters. Would that be a good combo?
Barney, that would be a potent combination. Why? SCM is surrounded with legal issues like contract management, but very few SCM professionals have any legal training. Buyers and suppliers are becoming intertwined on technology and proprietary issues also. For example, when companies outsource, they might expect the supplier to take the lead on design issues. Who has ownership of all design and mfg capabilities? How do you establish joint ownership so as to not be taken advantage of down the road? See below for what I tell my students..
A contract between a buyer and supplier is often referred to as a Purchase Order (PO). The terms and conditions on that PO are often referred to as the Boilerplate. Boilerplate is kind of an old school term but a lot of old timers are still out there. Most employers would like you to understand the basic terms and conditions associated with a PO and I will provide those to you in class (save it for your LAW 4860 class!). It is generally accepted that SCM types such as yourself lack legal skills and that is why most SCM organizations have to go to a corporate lawyer when tort (liability) issues arise. As you think about your graduate education goals, it might be worthwhile to consider pursuing a Juris Doctorate (J.D., a law degree). Very few SCM professionals have a legal background, let alone a law degree. I always say, any time you can bring a skill set into the workplace where demand exceeds supply, then that is going to command a premium in terms of pay and job security. Getting into Law School requires that you take the LSAT and most law programs are 3 years in length. I personally think you would be very well served if you graduated with a WMU BBA ISM degree and then eventually obtained a JD with a concentration in contract management. In our ISM/SCM program, we have an advanced contract management negotiation class customized for supply chain students.
@@simecurkovic wow, thanks very much for the detailed reply. I'll take it on board
good lecture
From Professor Curkovic: Lecture Explanation on Commodities
Here is a little explanation about commodities.
We discussed how companies are outsourcing commodities to increase
value. Value is lowering costs and improving performance (e.g.,
quality, service, and flexibility). A commodity is defined as being
something for which several qualified suppliers exist. Typically,
buying organizations will use several rounds of the competitive bidding
process to pick a low cost supplier. Buying organizations will send
out RFQs to get bids from suppliers. RFQ stands for a Request for
Quotation. In other words, please give us a quote
for this business.
However, the data seems to indicate several iterations of the
competitive bidding process does not get you the lowest price. Why?
Suppliers pad their quotes from beginning to end because they know you
will play this game. Data indicates that the most effective
way to get the lowest bid is to tell suppliers that they will only have
once chance to bid/quote on the business. If they really believe that,
then they will deliver their best quote the first time around (because
it is the only time). However, very few
companies actually make bidding a one shot deal. Most companies are
too greedy and are not convinced that the one time only cycle works.
Another problem with competitive bidding is that you are just trying to
get suppliers to low ball each other and that means you are just messing
with their profit margins. If you have a current supplier that charges
$1.00 per part, and it costs them $.90 to
make it, they have about a 10% margin. If you have them rebid and
rebid and rebid on the business, and then they agree to $.93 per part,
you are indeed paying less per part, but you have reduced the supplier’s
margin down to nothing. Heaven forbid that you
as a buying organization just sit down with your supplier and help them
reduce their direct costs (e.g., labor and material). Most of their
costs are coming from labor and material which means there are probably
some really big cost savings ideas there.
What if you could cut their direct costs by 30% and then you tell them
you can still keep your 10% margin? That supplier would say thank you
so much because their margins do not change, they are just more cost
competitive and probably end up getting more
business because of it (and you now pay around $.70 per part).
One final note. We talked about how some companies are going beyond
just outsourcing commodities to also outsourcing core/strategic parts.
It can be done effectively. Chrysler has mastered it. They use things
like co-location, long-term contracts, and legally
they establish joint ownership of all design and mfg capabilities
developed. However, with core stuff there might only be 1, 2, or 3
suppliers to choose from. Also, if it is core, chances are you need to
go with one supplier because using more than one might
be too complicated and sensitive. For example, Chrysler outsources
interior seating systems to one supplier (JCI). JCI does not want to do
business with Chrysler if they also use their competitor (Lear). Ford
will use Lear though and not JCI. I am embellishing
here a little to make a point.
Companies do not use competitive bidding when they outsource core
parts. Why? One, how do you use competitive bidding if there are only 1
or 2 suppliers to choose from? You cannot. Have you heard about the
government awarding multi billion dollar contracts
to suppliers like Halliburton with no bids? People often ask why don’t
they use competitive bidding to get the same price. Maybe it is
because they do not hire ISM students. Some people think it is because
our former Vice President (Dick Cheney) used to
be the CEO of Halliburton and he has lots of stock in the company. A
$2 billion contract from the government makes him $ 2 million dollars
richer. Or, is it because Halliburton is the only supplier that can give
the government everything they need and want?
You decide. It is probably a little bit of both.
Also, usually, with core parts, price is not the most important thing.
They of course care about price. But how much do you know about price
with something as complicated as a core part like seating systems? It
is not a commodity like a widget. They will
usually establish cost target goals and reward the supplier if they
exceed those goals. Usually, it is about performance (e.g., quality,
service, and flexibility). That is why they usually use negotiation to
find a supplier for core parts. Junior buyers
(like yourself) will use competitive bidding for commodities. Senior
buyers (you 5 years from now) will negotiate the terms and conditions of
a contract with suppliers for strategic parts.
Hi Sime,
I'm 27 and looking to better specialize my skills to go towards logistics and supply chain. The pandemic and shortages have reinforced this idea to me.
I have a Bs in Geography from Arizona State (grad in 2016) and a certificate in Geographic Information Systems from University of Washington.
I'm currently kind of stuck doing contracting with GIS for different big tech companies, but would like a position that is salaried and more logistics/freight oriented.
Is GIS + Supply Chain a field you're familiar with?
Best,
T
Hi T:
Yes, great combination! Here is what I send to my SCM students concerning our ArcGIS Pro class...
Subject: Read: Advice about GEOG 3010, ArcGIS Pro (I hear it is a hard class)
Students:
Have you heard about supply chain risk lately? ArcGIS is a technology that can help companies manage risk. Note, nationally, almost zero SCM graduates will have this on their resume.
Someone recently asked me about taking GEOG 3010. Pasted below is some feedback from previous students. You are required to take EDMM 4870 or GEOG 3010 or EDMM 5120. Note, if you take MKGT 2750 (Global Negotiation w/ Dr. Eckert) and need it to count towards something, then this is a place I could sub it in for. Likewise, if you take CIS 2640 (Data Analytics), but do not want to follow through with the Business Analytics minor, I can sub it in here also. GEOG 3010 provides you with a skill set that no other SCM student will ever have. Have you taken this class. If so, feedback please.
Email from the course instructor:
Hi Sime,
I thought I would drop you a quick line. It is going to be a good semester for students to take GIS (GEOG 3010). We are upgrading the course to ArcGIS Pro, which works better in online environments; we are going to have a dedicated Mac-user office hour period, for Mac users that will have to use remote desktop or some kind of Windows-on-Mac system; AND we are using COVID and racial disparities data through the semester so that students really get a handle on some of this real data without relying on the interpretation of others. Students will also have access to all of the ESRI tutorials on how to build COVID dashboards (and other dashboards of that type). Please pass this info on if you have students who might be interested.
I hope that all is well with you and your family these days!
Kathleen
Kathleen M. Baker, Ph.D.
Professor, Department of Geography
Director, W.E. Upjohn Center for the Study of Geographical Change
Western Michigan University
*****************************************
Feedback from students...
Sime:
I did take GEOG 3010 with Dr. Baker. She is VERY smart with the software and knows a lot about geography, there are a lot of non-business students (To be P.C.) that take the class which makes it interesting. However she is very accommodating to business students and provides a good learning atmosphere. In regards to the value it gave me: I would say that the system itself probably doesn’t hold a huge amount of relevance to the day to day supply chain activities that MGMT 3200 does, however if you are in a logistics position and have to do a project to determine a new DC location or a specific shipping route or if you are in purchasing and you have to do a risk analysis of your supply chain (as it relates to likelihood of natural disaster or political risk or a total landed cost analysis etc.) the software could prove extremely effective and useful. Also learning a new computer in itself is a extremely in-demand skill that I know employers will pay a premium for. This class could also be a distinguishing factor between average (MSU or ASU) students and WMU ISM students. The course is not super challenging but it does require time. The course is essentially learning the software acrGIS and writing a couple papers (which you choose the topic). The system is likely not going to be familiar so students are going to have to learn it. Dr. Baker does a really thorough job of teaching the class and The majority of the work is related to labs (i.e. she provides the directions and you just have to take the time to execute them). I really enjoyed the class and saw an infinite amount of applications for it.
At its most basic level this class is learning the art of interpreting large amounts of data and making the data into maps. The skill is in high demand...she provides numerous resources for employers looking specifically for GIS skills. I believe that there employers out there looking for a supply chain wiz with GIS skills, but it is likely more of niche market. The software is very expensive for a company to buy but the trend is moving towards cloud based service that provide the same level of functionality for basically free. Hope this helps...let me know if I can be of anymore assistance.
Best Regards,
John
**********************************
Another ISMer:
Dear Professor Curkovic,
I apologize for the delay in my email as I have been quite busy with wrapping up this semester.
This is to reiterate my opinion on why I think the GEOG 3010, Fundamentals of ArcGIS class is so beneficial and even invaluable as a skill and resource that ISMers must try and explore.
I took the class with Dr. Baker last Spring and found it to be very interesting as it provided a fresh and new perspective on understanding logistical operations and the Supply Chain as a whole. The class by itself was made easy to follow and understand, despite it being in a discipline that is unfamiliar to ISMers.
This class was a great resource to me when I interviewed for a position at Kohler Co. in Wisconsin. Despite having interviewed for their Supply Chain rotational position, they learned of my experience with ArcGIS and were quite impressed as not a lot of college graduates with Supply Chain backgrounds have any idea what GIS is. And Kohler being one of very few companies that use GIS as a critical tool in mapping it's operations across the globe sees the benefit in it.
I was offered a full time position with the company as their Project Analyst within their GIS department wherein I'll be using my Supply Chain knowledge and GIS understanding and eventual training to develop creative GIS solutions in a fast-paced environment for diverse internal customers ranging between Manufacturing and Hospitality groups. Under the Operations Supports Group, I will are be performing analysis, modeling and developing GIS applications to meet specific business goals. Although, this might be an unconventional career route within a Supply Chain pretext, I believe that it is the right one for me.
I would highly recommend ISM students to look into this elective with more thought as it is truly a niche and highly specialized skill that will set them apart from the competition and place them in a favorable position in their careers.
Best Regards
Lxxxx Pxxxx
T, here is more feedback on our GIS class from SCM students:
FYI, more feedback if you want it:
Subject: FYI: Advice on GEOG3010 & ArcGIS (have you heard about supply chain risk lately?)
Students:
FYI, WMU ISM grad...
ruclips.net/video/a7CFZOjfTmE/видео.html
*********************
More feedback if it helps...
Sime:
I took this course over 2 years ago so I don’t really remember everything we covered, so I will just try and explain some things that stuck out to me as an ISM major.
I felt my biggest takeaways from GEOG 3010 that could be applicable to ISM majors was the technical skills I learned in ArcMap to map out routes. This program allowed you to input multiple stops on a route and it would show you how long it would take, along with taking traffic or road closures. I found this to be the most important thing I learned as an ISM major. The only other important aspect I found important was the ability to map out risk. For example, using data of average snowfall for certain days of the year you could predict where and when snowfall might occur that could slow down shipping of goods. This was only touched on briefly, but I felt with more practice this could have some significant applications. Overall I felt the course helped me learn quite a bit about maps and mapping software but few of the topics could translate well to ISM, however I did enjoy the course. ISM students who take this should know that the first half is very difficult as you learn the software, but around halfway through the course it clicked for me. The topics I felt transferred well weren’t as in depth as I would have hoped, but the final project is completely open ended so that would be a great time for ISM students to explore applications of ArcMap in supply chain. I hope this helps future students. If you have any other questions feel free to reach out to me again. Thank you.
Good Morning Sime:
I should start by saying that I got an A for my final grade in GEOG 3010. The class is difficult to learn because the software ArcGIS is so foreign to what we are used to using (i.e. Excel, SAP, etc.) That being said, if you are willing to put in the time at every lab session and have near perfect attendance to the lab and lecture, the class is totally manageable. I learned some interesting things about how maps work. Through the projects we did in class, I related supply chain management (i.e. shipping routes, population distribution analysis, etc.) into the maps that I built. I like to learn anything new, so I would recommend the class to anyone willing to learn something so new.
The professor for that class did not do a very good job teaching us in lab/lecture. That was how most of us felt throughout the class. The only way to do well is show up, ask questions in the lab and keep up with the work load because its a lot.
I think there are more valuable classes for ISMers to be taking. I believe classes such as global negotiations, any of the CIS data analytics classes, entrepreneurial and leadership classes are all more directly beneficial to ISMers.
Thank you,
I personally did not like the professor who taught the class (Dr. xxxxx) so my views may be tainted. However, I saw that there is another professor who is teaching it now. I think that the lecture portion of the class was useless unless you have taken multiple GEOG classes prior to 3010. I also thought that it was more directed to the graduate students who were also taking the class with us.
The GIS system itself is very difficult and finicky to use. It took a lot of time to learn but once I got the hang of it, after a month of using it, it was fine. I think for career benefits, it is easy to see on a map where a company's different suppliers are, or finding the best route to take for a truck. With that said, I think that GIS would only be useful in a large data setting. I think a better way of viewing data on a map would be through PowerBI or Tableau. Both PowerBI and Tableau are MUCH more user friendly that GIS.
Please let me know if you have any additional questions for me.
Best,
Hello Sime,
I personally valued taking GEOG 3010 for a couple reasons. The main reason has to be the data processing part while working with the ARCmap application. To create a map you have to find the data online and a lot of the time its only the data for one layer so depending on the information you want to show could mean having multiple layers laying on top of each other. The ARCmap application is easy to work with and surprisingly fast which is nice because all lab quizzes and most of the classes points come from using it. I also enjoyed taking the class because its different from all the other courses regarding learning equations, studying multiple chapters, and taking multiple choice exams. However the class is not a walk in the park by any means and as with most applications you can run into problems but the TAs are super helpful so showing up to labs to ask questions goes a long way. Overall I would recommend taking the class as it becomes apparent that this is beneficial pertaining to logistic work, route planning, company expansion efforts and map interpretation.
Thank you,
******************************
Updated on Dec 13, 2023 : “Salary.com cite a median salary of $160,147 in the US, while Indeed lists an avg salary of $91,223. The job growth rate for logisticians is high, at 28% between 2021 & 2031. Compared to the job outlook for all occupations which is at 5.3%, that is a promising figure for aspiring supply chain managers.”
www.coursera.org/articles/supply-chain-manager-salary
Education
“Attaining higher education typically yields higher pay. For supply chain managers, a bachelor’s degree at minimum is recommended. Zippia reports that 70 percent of supply chain managers have a bachelor’s degree, while 17 percent have a master’s degree, and 9 percent have an associate degree. Only 2 percent have just a high school diploma....With the following education, you can expect to earn this amount as a supply chain manager:
· Associate degree: $92,543
· Bachelor’s degree: $108,240
· Master’s degree: $118,982
· Doctorate degree: $124,654
Nice SCM salary report summary:
lnkd.in/gtXUfBJg
Great read. Wow…”For the 2nd year in a row, a mere 19% of professionals are highly likely to encourage their child or the child of a close friend to pursue a career in transportation or logistics. When asked why they would not recommend a career in logistics and transportation, participants cited concerns about career progression, work-life balance, salary prospects, and industry volatility.” See:
lnkd.in/gU2vEA6Q
hashtag#salary hashtag#supplychainmanagement hashtag#logistics hashtag#careers
Also, our new SCM major curriculum is well underway (and now ALL majors can minor in supply chain...all products and services have a supply chain).
Notice, that now our students will take 2 "procurement" classes and 2 "logistics" classes. The majority of our SCM students go into "procurement", but "logistics" is the fastest growing career path in our program. For
a long time, we required a single procurement class & a single logistics
class. They simply were not enough as one class left little time to focus
on the strategic issues. So, starting in Fall 2023, our SCM majors will be
required to take 2 sourcing classes & 2 transportation classes.
The BLS is projecting that logistics jobs will grow by 7%/yr through 2026. lnkd.in/gikMwzgX. Logistics $ Data: lnkd.in/gKXinFJC. Also, Logistics Careers: lnkd.in/gg9MZjcM.
WMU Supply Chain Mgmt Program:
MKTG 2750 Global Negotiation
SCM 2200 Enterprise Resource Planning Systems
SCM 2800 Introduction to Supply Chain Mgmt
SCM 3000 Production Planning
SCM 3030 Procurement Mgmt
SCM 3050 Logistics and Transportation Mgmt
SCM 3800 Continuous Improvement Theory & Practice
SCM 3810 Applied Continuous Improvement Project
SCM 5030 Strategic Sourcing; or LAW 4840; or LAW 4860 (3 credits required)
SCM 5050 Strategic Transportation Mgmt
CIS 2640 Applied Analytics Foundations
Or a minor in Business Analytics
lnkd.in/eprKKbF
lnkd.in/gp6VX_e3
What skills come with the Business Analytics minor?...
1. Adv Excel (power query & pivot) & macros;
2. Data visualization (Tableau,Power BI & python w/ seaborn & matplotlib);
3. Data mining/RapidMiner, machine learning & data science;
4. Python & Jupyter notebook (data analytics & statistical libraries such as pandas, numpy);
5. Relational data models (Excel data model);
6. Graphic & statistical libraries (Seaborn,Matplotlib,Pandas, & Plotly).
lnkd.in/gxRayD3j
Hi can you please help me. What is the answer on this one.
What is inbound Logistics and how is this business activity undertaken in supply chain management operations?
Inbound logistics refers to the transport, storage and delivery of goods coming into a business. ... Inbound and outbound logistics combine within the field of supply-chain management, as managers seek to maximize the reliability and efficiency of distribution networks while minimizing transport and storage costs.
Note, inbound logistics is a just a fractional (but significant) component of SCM.
I think there is a lot of low hanging fruit in managing inbound logistics. Most SCM orgs take it for granted and/or do not manage it strategically and/or do not make better use of data to make better decisions. Meaning, it is the next frontier of much cost savings.
One example of inbound logistics is receiving inventory into a warehouse directly from the manufacturer. It has to be delivered by a truck, unloaded, counted, stowed, and tracked in the warehouse management system.
An effective inbound logistics program can result in higher quality products, more cost savings and increased sales. It will also improve customer satisfaction, while also reducing total overhead and wasted materials.
Benefits of inbound freight management
Better inventory management, lower inventory levels, reduced carrying costs.
Improved on-time deliveries.
Less handling and damage, efficient receiving.
Proactive notification of disruptions.
Administrative efficiency.
Increased customer satisfaction.
How does Inbound Logistics add value?...
Expand product offerings. ...
Get products shelf ready. ...
Enhance customization capabilities. ...
Manage inventory more efficiently. ...
Reduce the number of suppliers. ...
React faster to changing business needs. ...
Manage transportation costs. ...
Control labor costs.
***Finally, I think there is a lot of low hanging fruit in managing inbound logistics. Most SCM orgs take it for granted and/or do not manage it strategically and/or do not make better use of data to make better decisions. Meaning, it is the next frontier of much cost savings.
Hey i saw you lecture very intriguing indeed. I'd like to know if learning a foreign language worth it ( Like chinese), within the realm of supply chain management and how would it improve or if they will improve career prospects. Thank you.
Hi Kabir:
Language Percentage of World Population for Whom This is a First Language _________________________________________________
Chinese (Mandarin) 20.0%
English 6.0
Hindi 4.5
Russian 3.5
Spanish 3.0
Portuguese 2.0
Japanese 2.0
Arabic 2.0
French 1.5
German 1.5
****Other 54.0 !!!!
Chinese above refers to Chinese Mandarin, not Cantonese. Chinese Cantonese is spoken in Hong Kong. Hong Kong was a British colony that Britain handed back over to China in the 1990s (1997 I think). Cantonese is not at all similar to Mandarin. Manadarin is spoken in mainland China (by 1.3+ billion people). There are several different dialects of Mandarin. However, English is still the most frequently spoken and understood language in the world (because it is a first, second, and third language for so many people). Thank goodness for most of us!
@@simecurkovic Hi Sime. Could I email you about supply chain? I am very curious about this field. Would me getting a 2-year diploma at SAIT limit me?
@@user-qy6tu9ip9v Of course, email me any time!
@@simecurkovic I sent you an email maybe an hour ago.
I am thinking of Masters in Industrial Engineering however I am going in with a real broad sight as to what it offers in this field. Supply Chain and Manufacturing/Process Optimization are two field I am really interested it. What would you recommend?
Side note: I am currently pursuing masters in Mechanical engineering and I'm an international student looking to work in the US for a bit before returning back to my country.
Nameet, what is your current role? In SCM? How about your previous degrees? SCM?
@@simecurkovic Hey, I have no experience in SCM. I have done a course on it over Coursera as I had a curiosity as to what it is and got hooked to it because of how interesting it was and ofcourse your lecture on it sparked an interest. I am currently doing my Bachelor's in Mechanical Engineering and I'm in my Final Year and looking for Masters in Industrial Engineering. I'm confused between choosing a specialisation between Supply Chain and Manufacturing/Process Optimization/Data Analytics and wanted to ask with all the current regulations how difficult would it be for an international student to land a job if I go ahead with SCM.
@@nimeetdoshi9009 I would watch this:
ruclips.net/video/e5HpKwzB2PI/видео.html
Also:
ruclips.net/video/LFD1R0De_zQ/видео.html
and
ruclips.net/video/WSt8nnLn8Kc/видео.html
Any interest in an academic career?...
ruclips.net/video/4HTWvJ-tSLU/видео.html
The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review. From me: it is actually higher if you loosely define SCM since every product and/or service comes from & has a supply chain. Note, this is all pre-covid data (so add more to the dollar signs)…Source:
lnkd.in/gPqvNwG5
Logistician, $74,750
Logistics analyst, $58,713
Supply chain planner, $64,844
Purchasing agent, $69,600
Purchasing manager, $121,110
Logistics manager, $114,670
Distribution manager, $94,775
Operations manager, $100,780
Business and supply chain competencies make up 80% of the fastest-growing skills in this industry; basic technical skills make up the remaining 20%.
Top two:
Microsoft Office and productivity tools
Advanced Microsoft Excel
Technical skills
Among the top and fastest-growing technical skills are:
Data science
Supply chain knowledge
Supply chain management
Project management
Many of our SCM students get a Business Analytics minor, what does that mean? See:
1. Advanced Excel (power query & pivot) & macros;
2. Data visualization (Tableau,Power BI & python w/ seaborn & matplotlib);
3. Data mining/RapidMiner, machine learning & data science;
4. Python & Jupyter notebook (data analytics & statistical libraries such as pandas, numpy);
5. Relational data models (Excel data model);
6. Graphic & statistical libraries (Seaborn,Matplotlib,Pandas, & Plotly).
lnkd.in/gxRayD3j
From me: 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). This makes it a bit difficult to sell the analytical techniques taught in classes that go BEYOND our CIS 2640 (Excel on steroids) - Applied Analytics Foundations.
For example, our data mining class is essentially a machine learning class for business, which is the core of AI. The course is designed to solve the problems that Excel falls short on. Hopefully we do a better job of training our students to “sell” the AI skills & managers (SCM Leaders) become more open to embracing the benefits (which might require a culture change).
#supplychain #dataanalytics #datascience #python #artificialintelligence #ai
I am thinking of majoring in Supply Chain Operations Management and minoring in International Business, do you believe this is a good combination?
@Blitz War thanks, ill take note
I doubled majored in IB and logistics and recently graduated and now have decided to go more into logistics and realized my mistake. I agree with the other comment, either get a minor, certificate or double major in Analytics or something similar to that. Jobs will require you to know excel, SQL and/ or R and the sooner you learn the better. Good luck!
@@maddyrabi1940 Supply chain requires these?
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.
Mid-Level Supply Chain Positions | Average Salary: $115,000
Senior-Level Supply Chain Positions | Average Salary: $260,000
Entry-Level Supply Chain Positions | Average Salary: $69,000
Also:
Entry Level Manufacturing Jobs | Salary Range: $66,000 - $78,000
Mid-Level Manufacturing Jobs | Salary Range: $110,000 - $143,000
Senior-Level Manufacturing Jobs | Salary Range: $239,000 - $338,000
Source: lnkd.in/ga8Azij7
__
Yes, WMU supply chain grads from 2022 have a median wage range of $65-$75,000. lnkd.in/dkGr4_uX
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: lnkd.in/gsKyJ9rn
> 5,000 open summer internships in MI, postings - lnkd.in/gVsHEZxz & > 20,000+ nationally - lnkd.in/gRKmr7QE. What are they looking for? SCM majors. Perhaps delay graduation for work experience & stay specialized...lnkd.in/gdr7f9wb
The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review. lnkd.in/gbV_aMT7
Salaries per "DC Velocity": 2021 lnkd.in/gESQFNZa vs 2020 lnkd.in/gW-U-KHK vs 2019 lnkd.in/gJquYyT4. From "ISM": 2018 $: lnkd.in/gV53aggX. 2020 $ (right before covid): lnkd.in/gz8WQEhr. 2021 $ (deep into covid): lnkd.in/g-SfG93A & lnkd.in/gn5jM9xt. Salaries per "ASCM" $: 2022 lnkd.in/gtYC5Cnw vs 2021 lnkd.in/gpMvehY5 vs 2020 lnkd.in/gcsrX6tr
People want more money & rewarding work (not paperwork). lnkd.in/g7BwX84c. "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."
Should college grads negotiate a higher starting salary? lnkd.in/gMJYNJkh. Salaries in SCM are going up & already average $10K-$20K higher than entry-level positions in other fields. lnkd.in/gCiYgwS2 There isn’t enough young people working in supply chain - lnkd.in/gtUcJpX7.
SCM $ Information -
lnkd.in/gn5jM9xt
lnkd.in/gTBMP5dM
lnkd.in/eQvfFMc
lnkd.in/g7YamZCU
#supplychain #job #salary #manufacturing #logistics #procurement
Here is a way to be very proactive and even stay one step ahead of your suppliers (and customers). lnkd.in/gMuhMNf6 and lnkd.in/gQZ7HfWb
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.
Some of our alumni have experienced this new service and love it. It looks at raw material market data from multiple sources, visualizes & analyzes historical pricing scenarios, & simulates planned purchases & what-if scenarios against forward price curves. Our grads will be ready.
I currently work with a bank but want to pursue a masters in supply chain management. Are there relationships between this two? Can i link these two fields? I am not really sure what to expect in scm
Hi Chymana, absolutely! All orgs want to do everything better, faster, and cheaper (and that is SCM). Banks are no different. All of their spend is called Indirect Spend/Procurement. The service sector (i.e., banks) wants to spend less and run their operations more efficiently (that is SCM). Read/watch:
Quote from former student: “I went into Indirect Procurement thinking it would not be very glamorous but I save them lots of money every day”. That sounds glamorous to me. LinkedIn has > 20,000 unfilled Indirect Procurement jobs & > 5,000 MRO buyer jobs. America has around 11M jobs not filled, most of which are in SCM.
lnkd.in/ecdDMYQ
lnkd.in/gmcxKNsi
lnkd.in/g6BiXz8c
I would watch this first beginning at the 12:15 mark:
lnkd.in/gYp-As9D
www.linkedin.com/posts/sime-curkovic-61617a115_indirect-procurement-20k-jobs-on-li-industry-activity-6936018662260715520-io0L?
Is this degree worth getting. I was looking to get an associates in business and then a bachelors in supply and chain management
apples 88 totally worth it,well if you like the career,you’re gonna like your salary too.. It has a high salary.
that's what I did I'm a senior now in scm
@@angiequitlollygaggin How is the degree? How is the salary?
@@user-qy6tu9ip9v I grad dec 2021! Degree is not bad all online
@@angiequitlollygaggin did you find any jobs?
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.
lnkd.in/dHhA8iEX
Parents: 93% WMU graduates are employed or continuing education. lnkd.in/gPxaBnys
FYI, from 2021, WMU salary report by every major: lnkd.in/gUueUNe7
WMU: No. 1 in Michigan for earnings by graduates from all backgrounds, Salaries & job placement by every major:
lnkd.in/g3CZBrM7
Yes, the WMU Haworth College of Business is one of the best in the world. AACSB accredited (that means top 5% globally) & most programs are nationally/globally ranked. Why? My answer: faculty are obsessed w/ student success. Examples:
WMU named in Princeton Review's 2022 'best business schools'
lnkd.in/gnRvmJwD
Accounting
*Select 1% of business schools worldwide that have additional specialized AACSB accreditation for their accountancy programs.
lnkd.in/esW6ZuD
lnkd.in/eN5wF6b
Supply Chain Management
*Nation's best undergrad SCM program (Gartner); 2nd in SCM technology (SoftwareAdvice); 2nd in top global SCM talent (SCM World): lnkd.in/eprKKbF
Food & Consumer Package Goods Mktg
*Has earned certification for its category management coursework from the national Category Management Association
lnkd.in/eTjBRP9
Sales & Business Mktg
*Nationally ranked as the best university sales program since 2007
lnkd.in/etcppYi
Digital Mktg & eCommerce
*One of only a handful of its kind in the nation.
wmich.edu/dme
Advertising & Promotion
*Among only 10 percent of advertising programs housed within a university business college, offering the best mix of marketing, communication & business fundamentals.
lnkd.in/ecR2pxu
Entrepreneurship
lnkd.in/emeTCTJ
*Starting Gate is a student business accelerator program that gives students rich and valuable resources to develop their startup companies.
Human Resource Mgmt
*One of a few programs in the state of Michigan recognized by the Society for Human Resource Management as having a curriculum consistent with their Body of Competency and Knowledge guidelines.lnkd.in/e75KnJ6
Leadership & Business Strategy
*We undertake large scale consulting projects, executive mentorship for students, designing “learning spaces of the future" & supporting students in acquiring & operating small businesses.
lnkd.in/e5JUSye
Military Science & Leadership
*Thank you for your service to our country!
wmich.edu/rotc
Finance & Commercial Law
*Business law, finance & personal financial planning
wmich.edu/finance
Business Information Systems
*Business analytics, Computer information systems, Cybersecurity
lnkd.in/evSdSqU
GRADUATE PROGRAMS
*Princeton Review: one of the best places to earn a Master of Business Administration degree.
#college #career #major #business
I was considering majoring in Supply Chain and Logistics Management, but I really don't see this industry being futureproofed. Mr Curkovic is a seasoned professional, so he won't have to worry about the remainder of his career but people considering majoring in this industry for graduation in a few years are taking a big risk with the advances in automation. I'm just formulating my hypothesis off current trends and predictions for the future theorised by people who have much more evidence than myself.
Hi Nick, agreed. My first SCM job was very tactical and has been replaced by technology and automation. Over half of our SCM students also minor in Business Analytics (e.g., big data/analytics, database management, data mining, project management, SQL, Python, PMO, Tableau, Power BI). We try to not only teach them how to use the technology, but also create the technology. Also, we gradually shifted our curriculum towards developing strategic skill sets (rather than tactical) combined with soft skills (i.e., problem solving, leadership, negotiation, project management, etc.). Others include:
1) Gather and organize information about the problem to be solved or the procedure to be improved.
2) Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed.
3) Analyze financial and other data, including revenue, expenditure, and employment reports.
4) Develop solutions or alternative practices.
5) Recommend new systems, procedures, or organizational changes
6) Make recommendations to management through presentations or written reports.
7) Confer with managers to ensure changes are working.
So, future SCM managers will need to become consultants to their own organization. They in essence will evolve into management analysts in a niche area (SCM), but they will also need a strong general business acumen. Note, employment of management analysts is projected to grow 14 percent from 2020 to 2028, much faster than the average for all occupations. The average growth rate for all occupations is 5 percent. Demand for the services of these workers should grow as organizations continue to seek ways to improve efficiency and control costs (SCM centered, not always, but often enough to justify majoring in it). The median annual wage for these types of skill sets was $83,610 in 2018. The median annual wage for all workers was $38,640. Point very well taken though, use/create the technology to do your job better or the technology will take your job. Thank you.
@@simecurkovic Thank you for your information - it was very informative.
Nick Woods what are you majoring in now?
Hello, do you think a double major in MIS+SCM makes sense?
Hampshire, double major or a minor in MIS with major in SCM? Actually, it does not matter. SCM 4.0 is in full force, and that would be a lethal combination. See:
www.simecurkovic.com/2021/09/05/employers-require-these-business-analytics-skill-sets-from-their-supply-chain-management-professionals/
www.simecurkovic.com/2021/09/05/i-am-very-comfortable-in-saying-python-and-r-are-the-two-most-popular-languages-in-analytics-but-i-think-python-prevails/
www.simecurkovic.com/2021/09/05/for-a-quick-commentary-on-why-employers-now-also-expect-you-to-be-a-data-scientist/
www.simecurkovic.com/2021/09/05/visualization-is-big-kelloggs-is-one-of-the-largest-users-of-tableau-in-michigan-tableau-is-owned-by-salesforce/
www.simecurkovic.com/2021/09/05/my-first-scm-job-was-very-tactical-has-been-replaced-by-technology-automation/
www.simecurkovic.com/2021/09/05/i-would-say-very-very-little-coding-our-business-anaytics-minor-does-require-a-python-class-but-i-would-not-call-it-a-coding-class-far-from-it/
www.simecurkovic.com/2021/09/05/business-analytics-this-can-be-a-deal-breaker-in-your-professional-lives/
www.simecurkovic.com/2021/09/05/cis-2640-applied-analytics-foundations-see-description-in-comments-below/
Hello Sime, I am doing an MBA right now and I am thinking of doing Bi-Majors in Marketing and Supply Chain. I did Bachelors's in Commerce/Accounts. I work in the BPO/IT sector, I own a startup, what should be my approach? I am doing MBA to learn new things so I can implement them in my business and in case God forbid I had to work for some company this double major would come in handy since both are in-demand fields. What would you recommend? Am I doing it right? thinking in the right direction. How can Supply Chain Majors help me in my IT/BPO business?
Hello,
I get this question often, should I pick up another major with my SCM major and/or pick up a minor, and if so which one? I assume you are doing a SCM major to get a SCM entry level managerial position. Basically, that means you want the degree to get a job in SCM, right? OK, so the answer to your question is will the other major or minor compliment your SCM degree? In other words, will it provide you with additional skill sets valued in SCM roles and jobs? I am a huge fan of our Business Analytics minor because SCM jobs require using technology. For example, most SCM jobs have huge amounts of data and you have to make sense of that data (so big data, data analytics, Excel, etc.). Also, you have to not only use the hundreds of thousands of lines of data to make decisions, you have to visualize the data for other SCM managers to buy into your decisions (Power BI, Tableau, etc.). And sometimes, you have to change the code in the technology to get it to do what you want it to do (Python). Without that Business Analytics minor you would not be able to do those things. So, the BA minor compliments the SCM degree.
You asked about double majoring in Marketing and SCM. I love it. In fact, at WMU we have a Food Marketing & Consumer Products/Packaging degree, we call it FMK (the best in the world). The FMK industry is one of the largest and most important industries in the world. During Covid 19, it flourished and saved the world in many ways because its supply chain just kept on working. In fact, what was the most popular term during Covid 19? Supply Chain. Look at what industries and jobs flourished during covid 19 (i.e., consumer products/food and supply chain management). I actually had students interview and get job offers during covid 19! OK, back to your question. Does Marketing compliment a SCM degree and job role? Yes, especially lately. Most SCM professionals are tasked with doing things better , faster, and cheaper. They often have to work on creating cost savings with their suppliers. Why? Reducing costs is the same as making more money. This is especially true of companies that struggle to gain market share because markets are too saturated. However, there are lots of companies in growth industries that not only want to cut costs but they want to grow market share (i.e., technology, consumer products, medical equipment, healthcare, etc.).
So, for example, Stryker is a Fortune 500 company in Kalamazoo, MI that designs and builds medical equipment. It is in a growth industry and Stryker is obsessed with growth and market share (they double in size every 5-10 years). A hospital system comes to Stryker and says I really need this kind of product but no one makes it. Stryker says, how much would you be willing to pay for this product? The hospital system says, if you can design and build it to do what I want, I would pay you $10,000 for each and buy X amount annually for the next several years. Stryker then goes back to its SCM group and says, reverse market this product. That means, go to our suppliers and engineers and figure out how to make this darn thing for $40, so we can sell it for $100. That is called reverse marketing and/or reverse supply chain management. In fact, Marketing is asking their SCM group to help them sell more of their stuff that makes them a lot of money. In other words, SCM, can you help us not only cut costs, but also help us sell stuff. In other words, help support our growth strategy. And growth strategy is Marketing. So, yes, Marketing and SCM are blending in ways which would really support you double majoring in both.
Another example, the data proves that companies which can get products into the marketplace faster and before the competition not only sell more stuff, they can charge higher prices (in other words, command better margins and make more money - people are willing to pay a premium for stuff that is newer - do I really need a new iPhone now? No, but I am willing to pay a premium for the latest and greatest version). So, who does Marketing ask for help with getting products into the market sooner and faster? Yes, SCM. How can SCM help get products into the market faster? Read below if you want more details.
ESI = early supplier involvement and CE = concurrent engineering, and they mean the same thing. Before companies go into production with new products, they have to design those products, it is called the new product development process (NPD). Companies expect suppliers to do a lot of the design work for the parts that will go into their new products. ESI and CE is bringing suppliers on board during the new product development process so suppliers and companies can work on design issues from the beginning and together. That way, when they go into production, there are fewer issues. ESI and CE gives companies a chance to do things better, faster, and cheaper. Companies are under competitive pressure to get through the new product development process in record time so that they can get their products into the market sooner than later. The ability to do this is called Time Based Competition (TBC). ESI and CE is driving TBC (along with technology and standardization). In the past, companies (OEMs) would do all the design work and just dump off blue prints to suppliers right before the product went into production. Now, the OEMs expect their suppliers to do the design work and integrate these suppliers in the NPD process from the beginning. Every decision and investment dollar has to translate into helping companies do it better, faster, and cheaper. If it does not, it is non-value added (get rid of it). ESI and CE requires a lot of work and investment, but data shows that it pays for itself very quickly. In other words, it is very value-added.
ruclips.net/video/0TAqu5IUcv8/видео.html
Syed, note, I have see many in your situation with a start-up begin a graduate degree and not finish (because they stopped learning and/or did not have the time). However, most ended up back in the real world (working for someone else) and wishing they had completed their graduate degree. Also, one way to make sure you get value from a graduate degree for your start up is to target a graduate program that will help grow your business (i.e., network, resources, etc.). I have see students in graduate programs at places such as the University of Michigan flourish because UM coaches them, provides free legal counsel, gives access to an innovation center, etc.
ruclips.net/video/0TAqu5IUcv8/видео.html
ruclips.net/video/WSt8nnLn8Kc/видео.html
ruclips.net/video/e5HpKwzB2PI/видео.html
@@simecurkovic Thank you Sime, so I should go ahead with Bi-Majors it will help me in my business and may be later on if I want to work for someone else.
I come from HR background .. will supply chain and logistics masters degree difficult for me? Is its scope more than marketing degree? Any advice
The SCM graduate degree will still be a Business Management degree. It will not be technical in nature. An HRM background implies you have a strong business acumen. You should be fine. Thank you.
Please answer this question, I have a hard time on finding the information on this!: Is a degree in supply chain flexible? Will I be able to go from Supply Chain to marketing if I want to? Or like from Supply Chain to Administration management?
Hi Magdaline, I think SCM is actually the most well rounded business degree. In terms of working in Marketing, see below. I will also get you more information.
ruclips.net/video/0TAqu5IUcv8/видео.html
Magdaline, here is more information on the strong synergies between SCM and Marketing...
I get this question often, should I pick up another major with my SCM major and/or pick up a minor, and if so which one? I assume you are doing a SCM major to get a SCM entry level managerial position. Basically, that means you want the degree to get a job in SCM, right? OK, so the answer to your question is will the other major or minor compliment your SCM degree? In other words, will it provide you with additional skill sets valued in SCM roles and jobs? I am a huge fan of our Business Analytics minor because SCM jobs require using technology. For example, most SCM jobs have huge amounts of data and you have to make sense of that data (so big data, data analytics, Excel, etc.). Also, you have to not only use the hundreds of thousands of lines of data to make decisions, you have to visualize the data for other SCM managers to buy into your decisions (Power BI, Tableau, etc.). And sometimes, you have to change the code in the technology to get it to do what you want it to do (Python). Without that Business Analytics minor you would not be able to do those things. So, the BA minor compliments the SCM degree.
You asked about double majoring in Marketing and SCM. I love it. In fact, at WMU we have a Food Marketing & Consumer Products/Packaging degree, we call it FMK (the best in the world). The FMK industry is one of the largest and most important industries in the world. During Covid 19, it flourished and saved the world in many ways because its supply chain just kept on working. In fact, what was the most popular term during Covid 19? Supply Chain. Look at what industries and jobs flourished during covid 19 (i.e., consumer products/food and supply chain management). I actually had students interview and get job offers during covid 19! OK, back to your question. Does Marketing compliment a SCM degree and job role? Yes, especially lately. Most SCM professionals are tasked with doing things better , faster, and cheaper. They often have to work on creating cost savings with their suppliers. Why? Reducing costs is the same as making more money. This is especially true of companies that struggle to gain market share because markets are too saturated. However, there are lots of companies in growth industries that not only want to cut costs but they want to grow market share (i.e., technology, consumer products, medical equipment, healthcare, etc.).
So, for example, Stryker is a Fortune 500 company in Kalamazoo, MI that designs and builds medical equipment. It is in a growth industry and Stryker is obsessed with growth and market share (they double in size every 5-10 years). A hospital system comes to Stryker and says I really need this kind of product but no one makes it. Stryker says, how much would you be willing to pay for this product? The hospital system says, if you can design and build it to do what I want, I would pay you $10,000 for each and buy X amount annually for the next several years. Stryker then goes back to its SCM group and says, reverse market this product. That means, go to our suppliers and engineers and figure out how to make this darn thing for $40, so we can sell it for $100. That is called reverse marketing and/or reverse supply chain management. In fact, Marketing is asking their SCM group to help them sell more of their stuff that makes them a lot of money. In other words, SCM, can you help us not only cut costs, but also help us sell stuff. In other words, help support our growth strategy. And growth strategy is Marketing. So, yes, Marketing and SCM are blending in ways which would really support you double majoring in both.
Another example, the data proves that companies which can get products into the marketplace faster and before the competition not only sell more stuff, they can charge higher prices (in other words, command better margins and make more money - people are willing to pay a premium for stuff that is newer - do I really need a new iPhone now? No, but I am willing to pay a premium for the latest and greatest version). So, who does Marketing ask for help with getting products into the market sooner and faster? Yes, SCM. How can SCM help get products into the market faster? Read below if you want more details.
ESI = early supplier involvement and CE = concurrent engineering, and they mean the same thing. Before companies go into production with new products, they have to design those products, it is called the new product development process (NPD). Companies expect suppliers to do a lot of the design work for the parts that will go into their new products. ESI and CE is bringing suppliers on board during the new product development process so suppliers and companies can work on design issues from the beginning and together. That way, when they go into production, there are fewer issues. ESI and CE gives companies a chance to do things better, faster, and cheaper. Companies are under competitive pressure to get through the new product development process in record time so that they can get their products into the market sooner than later. The ability to do this is called Time Based Competition (TBC). ESI and CE is driving TBC (along with technology and standardization). In the past, companies (OEMs) would do all the design work and just dump off blue prints to suppliers right before the product went into production. Now, the OEMs expect their suppliers to do the design work and integrate these suppliers in the NPD process from the beginning. Every decision and investment dollar has to translate into helping companies do it better, faster, and cheaper. If it does not, it is non-value added (get rid of it). ESI and CE requires a lot of work and investment, but data shows that it pays for itself very quickly. In other words, it is very value-added.
@@simecurkovic Wow, I truly appreciate the time you took to answer my question. And the fact that you added such great detail into your response is very amazing. Thank you for explaining these concepts. I also appreciate the extra information you added.
One other thing I wanted to mention was, if I do not have room for another major (because I am already planning on majoring in cello performance and supply chain management), would this supply chain management degree alone still be viable for other opportunities?
Giving the scenario where I am not minoring in anything either, just the supply chain degree alone, would marketing still be a possibility?
And do you still learn management concepts in Supply Chain in case I were to decide to become a manager of a certain place?
Does a Supply Chain allow for hands on jobs and not necessarily jobs that are on the computer majority of the time?
I apologize for the amount of questions. I am very curious about this degree, as I am going to major in it this Fall confidently. I live in Los Angeles if that helps with answering any questions.
Hi Magdaline: See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
New trend/question when managers ask me about students: How professional is their email communication & attention to detail? Hmm. 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. On avg, professionals spend 28% of their workday just reading & writing emails, which amounts to an unbelievable 2.6 hours & 120 messages received every day (in SCM it’s probably way more). Will Email Stand The Test Of Time?
lnkd.in/gz9NTye2
Do not underestimate the power of a professional email signature (most do not even have one, or they have very boring ones). It might be the first impression you create!
lnkd.in/ge9nGrjx
lnkd.in/evaNVnbv
I just saw this one from a current student & liked it...
lnkd.in/gqMRPeTC
Do NOT round up your GPAs, use a post script on your phones for email replies, take your email signatures VERY seriously, & use keywords on your resume.
Students should not change their official GPA for their resume. Instead, I recommend they calculate their major GPA using the courses required for their major & also list their overall GPA (especially if your major GPA is much higher than your overall & your overall is under a 3.0).
Also, a 2.96 GPA is not a 3.00 GPA. If an employer requests an official transcript be sent upon graduation (which they will), this could be labeled as "falsification of employment record" & as a result, an offer of employment can be revoked (if you round up your GPA).
I am noticing that several of my students are responding to my emails via smart phones. That is fine. It is 2022 & your future employer will expect you to do the same. However, it can be cumbersome to write emails on your phone that are clean & easy to read. & sometimes, you try to write one word but another word appears that was not intended. So, please take the time to make sure your reply message looks professional & reflects positively on you. Impressions will be made based on your written communication & you will be judged. I would also recommend programming your phone so that the post script tells the recipient of your message that it was sent from your smart phone. That way people will be less judgmental if a mistake was made.
You can add the message in your iPhone settings so that it will appear on all emails sent by phone but not on your email signatures sent by computer.
An appropriate post script message from your phone would be:
“Note: this email was sent by iPhone, please forgive grammatical errors. “
Resume Keywords Ideas/Action Verbs.
Does your resume use these?
lnkd.in/ea6gV-K
Here are my thoughts on resumes:
lnkd.in/gxEy9VkH
lnkd.in/gCgi72kX
lnkd.in/gKV5JYhR
#careeradvice
I am thinking of doing bi major in marketing and supply chain management? What do you think about the combination?
Hello,
I get this question often, should I pick up another major with my SCM major and/or pick up a minor, and if so which one? I assume you are doing a SCM major to get a SCM entry level managerial position. Basically, that means you want the degree to get a job in SCM, right? OK, so the answer to your question is will the other major or minor compliment your SCM degree? In other words, will it provide you with additional skill sets valued in SCM roles and jobs? I am a huge fan of our Business Analytics minor because SCM jobs require using technology. For example, most SCM jobs have huge amounts of data and you have to make sense of that data (so big data, data analytics, Excel, etc.). Also, you have to not only use the hundreds of thousands of lines of data to make decisions, you have to visualize the data for other SCM managers to buy into your decisions (Power BI, Tableau, etc.). And sometimes, you have to change the code in the technology to get it to do what you want it to do (Python). Without that Business Analytics minor you would not be able to do those things. So, the BA minor compliments the SCM degree.
You asked about double majoring in Marketing and SCM. I love it. In fact, at WMU we have a Food Marketing & Consumer Products/Packaging degree, we call it FMK (the best in the world). The FMK industry is one of the largest and most important industries in the world. During Covid 19, it flourished and saved the world in many ways because its supply chain just kept on working. In fact, what was the most popular term during Covid 19? Supply Chain. Look at what industries and jobs flourished during covid 19 (i.e., consumer products/food and supply chain management). I actually had students interview and get job offers during covid 19! OK, back to your question. Does Marketing compliment a SCM degree and job role? Yes, especially lately. Most SCM professionals are tasked with doing things better , faster, and cheaper. They often have to work on creating cost savings with their suppliers. Why? Reducing costs is the same as making more money. This is especially true of companies that struggle to gain market share because markets are too saturated. However, there are lots of companies in growth industries that not only want to cut costs but they want to grow market share (i.e., technology, consumer products, medical equipment, healthcare, etc.).
So, for example, Stryker is a Fortune 500 company in Kalamazoo, MI that designs and builds medical equipment. It is in a growth industry and Stryker is obsessed with growth and market share (they double in size every 5-10 years). A hospital system comes to Stryker and says I really need this kind of product but no one makes it. Stryker says, how much would you be willing to pay for this product? The hospital system says, if you can design and build it to do what I want, I would pay you $10,000 for each and buy X amount annually for the next several years. Stryker then goes back to its SCM group and says, reverse market this product. That means, go to our suppliers and engineers and figure out how to make this darn thing for $40, so we can sell it for $100. That is called reverse marketing and/or reverse supply chain management. In fact, Marketing is asking their SCM group to help them sell more of their stuff that makes them a lot of money. In other words, SCM, can you help us not only cut costs, but also help us sell stuff. In other words, help support our growth strategy. And growth strategy is Marketing. So, yes, Marketing and SCM are blending in ways which would really support you double majoring in both.
Another example, the data proves that companies which can get products into the marketplace faster and before the competition not only sell more stuff, they can charge higher prices (in other words, command better margins and make more money - people are willing to pay a premium for stuff that is newer - do I really need a new iPhone now? No, but I am willing to pay a premium for the latest and greatest version). So, who does Marketing ask for help with getting products into the market sooner and faster? Yes, SCM. How can SCM help get products into the market faster? Read below if you want more details.
ESI = early supplier involvement and CE = concurrent engineering, and they mean the same thing. Before companies go into production with new products, they have to design those products, it is called the new product development process (NPD). Companies expect suppliers to do a lot of the design work for the parts that will go into their new products. ESI and CE is bringing suppliers on board during the new product development process so suppliers and companies can work on design issues from the beginning and together. That way, when they go into production, there are fewer issues. ESI and CE gives companies a chance to do things better, faster, and cheaper. Companies are under competitive pressure to get through the new product development process in record time so that they can get their products into the market sooner than later. The ability to do this is called Time Based Competition (TBC). ESI and CE is driving TBC (along with technology and standardization). In the past, companies (OEMs) would do all the design work and just dump off blue prints to suppliers right before the product went into production. Now, the OEMs expect their suppliers to do the design work and integrate these suppliers in the NPD process from the beginning. Every decision and investment dollar has to translate into helping companies do it better, faster, and cheaper. If it does not, it is non-value added (get rid of it). ESI and CE requires a lot of work and investment, but data shows that it pays for itself very quickly. In other words, it is very value-added.
Lol I have the same question. Great to find other people who think alike!
@@simecurkovic omg THANK U SM I had the same question and got so excited when I saw your replay! I'm a freshman at UMD and currently doing business marketing but ngl u really persuaded and got me interested in SCM and now I'm lowkey lost lol. From what I heard about double majoring it could be a waste of time and money. So do u think getting a minor would be better. Also I'm not sure if I should change my major just bc I love the creativity and the digital designing side of marketing. But after watching these vids I also really like how full of opportunities and growth the SCM filed is. I think my question is how does a day to day work flow for a SCM look like. I really stay away from accounting and finance bc they they seem really boring and dry. I don't mind analyzing data but is that all there is to SCM?
If by any chance u see this I would really appreciate your input I feel like I have a million question but no one with experience to ask and u really seem like u know whatchu r doing :)
Hi Jeff: See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
Can I get into supply chain with an bachelors in Industrial Engineering Technology?
Hi Bryan: You are exactly what the SCM field wants and even perhaps prefers. They want people with technical degrees and backgrounds. You can watch this as it directly pertains to your question:
ruclips.net/video/e5HpKwzB2PI/видео.html
@@simecurkovic Will I struggle to get into supply chain management with a SCM degree?
Dear sir,
I am an Electrical engineer having experience in projects for 4.5 years, in 2020; I have done a PG Diploma in Computers which had subjects like programming languages and databases.
I want to do masters in Supply Chain Management...
Hello Gaurav, this might help:
ruclips.net/video/e5HpKwzB2PI/видео.html
@@simecurkovic it’s an honour to get a reply from you...
I watched the video and found it very informative...
Thank you sir...
Hi Gaurav: See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
I was thinking about getting a SCM degree but I also want to get a minor as well. Any suggestions on a degree that is a great minor for a SCM degree?
Hi Saanchester, our employers insist and pay a premium for a minor in Business Data Analytics:
www.linkedin.com/posts/sime-curkovic-61617a115_will-technology-replace-supply-chain-jobs-activity-6833775538407030784-5vxy
www.linkedin.com/posts/sime-curkovic-61617a115_business-analytics-these-classes-are-very-activity-6833359576675475456-eS2k
Yes, WMU supply chain grads from 2022 have a median wage range of $65-$75K. Watch these "major" stories on WMU Haworth's students.
lnkd.in/dHhA8iEX. Parents: 93% WMU graduates are employed or continuing education. lnkd.in/gPxaBnys. FYI, from 2021, WMU salary report by every major: lnkd.in/gUueUNe7.
WMU: No. 1 in Michigan for earnings by graduates from all backgrounds, Salaries & job placement by every major:
lnkd.in/g3CZBrM7
Yes, the WMU Haworth College of Business is one of the best in the world. AACSB accredited (that means top 5% globally) & most programs are nationally/globally ranked. Why? My answer: faculty are obsessed w/ student success. Examples:
WMU named in Princeton Review's 2022 'best business schools'
lnkd.in/gnRvmJwD
Accounting
*Select 1% of business schools worldwide that have additional specialized AACSB accreditation for their accountancy programs.
lnkd.in/esW6ZuD
lnkd.in/eN5wF6b
Supply Chain Management
*Nation's best undergrad SCM program (Gartner); 2nd in SCM technology (SoftwareAdvice); 2nd in top global SCM talent (SCM World): lnkd.in/eprKKbF
Food & Consumer Package Goods Mktg
*Has earned certification for its category management coursework from the national Category Management Association
lnkd.in/eTjBRP9
Sales & Business Mktg
*Nationally ranked as the best university sales program since 2007
lnkd.in/etcppYi
Digital Mktg & eCommerce
*One of only a handful of its kind in the nation.
wmich.edu/dme
Advertising & Promotion
*Among only 10 percent of advertising programs housed within a university business college, offering the best mix of marketing, communication & business fundamentals.
lnkd.in/ecR2pxu
Entrepreneurship
lnkd.in/emeTCTJ
*Starting Gate is a student business accelerator program that gives students rich and valuable resources to develop their startup companies.
Human Resource Mgmt
*One of a few programs in the state of Michigan recognized by the Society for Human Resource Management as having a curriculum consistent with their Body of Competency and Knowledge guidelines.lnkd.in/e75KnJ6
Leadership & Business Strategy
*We undertake large scale consulting projects, executive mentorship for students, designing “learning spaces of the future" & supporting students in acquiring & operating small businesses.
lnkd.in/e5JUSye
Military Science & Leadership
*Thank you for your service to our country!
wmich.edu/rotc
Finance & Commercial Law
*Business law, finance & personal financial planning
wmich.edu/finance
Business Information Systems
*Business analytics, Computer information systems, Cybersecurity
lnkd.in/evSdSqU
GRADUATE PROGRAMS
*Princeton Review: one of the best places to earn a Master of Business Administration degree.
#college #career #major #business
Nice SCM salary report summary: 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 to data from the Bureau of Labor Statistics.”
Also, from ASCM/APICS: lnkd.in/d7WSAWC3.
For tons of SCM salary data, see: lnkd.in/gp6iMKT9.
Also, reminder: CPIM is now reconfigured under version 8.0 moving from two courses & two exams to one. See: lnkd.in/gxTdm8Mu.
Supply Chain Certifications To Advance Your Career…and many more at: lnkd.in/gHBkZ5cM. Supply Chain Manager Salary: Your 2023 Guide: lnkd.in/grxANayH & lnkd.in/gp6iMKT9. Indeed has material on supply chain careers...70 Job Titles in Supply Chain (w/ Avg Salary): lnkd.in/gUAk4SPG. 11 Benefits of SCM Careers: lnkd.in/gXG9EkEF. What Does a Supply Chain Manager Do? lnkd.in/gFxhqH2m.
Do Certificate Programs Pay Off? lnkd.in/gxGAtHVs.
How To Become A Supply Chain Manager: Salary, Education Requirements And Job Growth: lnkd.in/gfW-SeZk.
Top 10 SCM Trends…lnkd.in/gG3hBRpH.
What do we all think about APICs certification?
APICS (now ASCM) is huge in the SCM field. Further, CPIM certification has broad universal appeal and recognition. A message that I send my students:
www.simecurkovic.com/2021/09/15/three-supply-chain-orgs-you-can-join-ismworld-org-for-35-cscmp-org-for-40-ascm-org-for-free/
I would highly encourage you to join orgs related to what you are majoring in. Send the message to employers that you plan on being an engaged member of your discipline. Also, these organizations have certs which can be used to externally validate you as a subject matter expert in SCM. Send the message to employers that you are aware of these certs & these certs are a part of your career goals. Further, all these SCM orgs have monthly local chapter meetings w/ guest speakers that you can attend as a student. It is a great way to learn & network. I have had several students attend these meetings & managers asked for a copy of their resume because these students showed so much initiative. You will also have access to their websites which has job postings & lots of SCM research that will help with your classes. Also, they will mail you monthly & quarterly magazines that tell you what is happening in your field so you can stay current (which is perhaps the best reason for joining, stay smart & current).
Graduate degrees still have amazing ROIs:
Of course, do what is rewarded in the culture of your org. Look at your boss’s resume & your boss’ boss’ resume (lnkd.in/eQvfFMc). In general, I would not do a general MBA or even an MBA with a SCM concentration (especially if I had an undergrad in SCM). I like certs associated w/ ISM, APICS/ASCM, CSCMP, etc., but I suspect that I would not actually learn much from the process of getting certified (assuming I had an undergrad in SCM). These certs however would externally validate you as a subject matter expert & that is worth a lot in industry (especially if you are trying to get your foot in the door for a SCM job & do not have a SCM background). Many of my SCM students go on to get these certs & they often say they have no regrets, but they also say they did not learn a ton. See:
www.linkedin.com/posts/sime-curkovic-61617a115_what-would-i-do-if-i-was-25-and-coming-off-activity-6862786378342682624-V_WY
and
www.linkedin.com/posts/sime-curkovic-61617a115_three-supply-chain-orgs-you-can-join-ismworldorg-activity-6865036788734472192-skxT
www.linkedin.com/posts/sime-curkovic-61617a115_forget-financesupply-chain-management-is-activity-6882372564593741824-GdUf
and
www.linkedin.com/posts/sime-curkovic-61617a115_hottest-mba-degree-now-supply-chain-management-activity-6882696153184378880-uiTq
What should I do if my university doesnt offer supply chain management? 😭😭😭
I would take as many electives as possible that have a SCM focus and get work experience in SCM, and then sell myself as a customized SCM major. Some classes to take would look like as follows:
Supply chain management major coursework:
MGMT 2800-Intro to Supply Management
MGMT 3200-Managing ERP Systems (SAP)
MKTG 3720-Sourcing and Purchasing
MKTG 4630-Supply Chain Logistics
MGMT 4640-Production Management and Control
LAW 4840-International Business Law
or LAW 4860-Marketing and Sales Law (Advanced Contract Negotiation)
I will be starting my MBA with specialization in supply chain management but was told my final degree will states just Master degree in business administration and not include my specialization. What’s your take on that??? Thanks
Man, this guy is like, the poster boy of America.
Do most schools offer this major?
Hi J, my gut says there are just around 200 SCM programs nationally. In Michigan alone, we have around 12. But, I would not say most schools have a degree program in SCM. Thank you. Sime
@@simecurkovic thank you for respoding! very useful
Hi J: See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
Screw German education system for not telling me these during my universities studies.
Hi Sahand: See below if you find this helpful (some of the material on the website is free).
simecurkovic.com
I hope all is well. FYI, I just created a website with a subscription service ($25/year). It gives you access to hundreds of my blogs, job postings, hours of lecture videos, and class/research material. Also, there is a Q & A and contact section. You can contact me for any purpose any time and I will get back to you quickly. You are under no obligation to join, but I think the investment would pay for itself. Also, even if you do not join, you can of course still reach out any time. I would be grateful if you considered joining.
My goal is to create an endowed scholarship fund for future supply chain students so I can retire on a very high note. Free sample view of one blog (see Elon’s resume and get resume ideas):
www.simecurkovic.com/2021/04/30/does-your-resume-make-it-obvious-that-you-know-how-to-solve-problems/
Please join at:
www.simecurkovic.com/membership/
What subjects are required in supply chain management?
Note, WMU requires twice the SCM coursework of most programs, the difference is in our CIS and engineering classes.
Supply chain management major coursework:
MGMT 2800-Intro to Supply Management
MGMT 3200-Managing ERP Systems (SAP)
MGMT 3810-Experiential Live Six-Sigma Lean Problem-Solving (DMAIC & A3)
EDMM 3280-Quality Assurance and Control
EDMM 1420-Engineering Graphics
EDMM 1500/1501-Intro to Manufacturing/Processes and Materials in Manufacturing
MKTG 3720-Sourcing and Purchasing
MKTG 4630-Supply Chain Logistics
MGMT 4640-Production Management and Control
LAW 4840-International Business Law
or LAW 4860-Marketing and Sales Law (Advanced Contract Negotiation)
GEOG 3010-Fundamentals of Geographic Info Systems
or EDMM 4870-Manufacturing Productivity Techniques
or EM 5120-Management of Service Operations
EDMM 4880 or MKTG 4880-Applied Process Reengineering (Try-Z)
Minor/Major: Business Analytics (e.g., big data/analytics, database management, data mining, project management, SQL, Python, PMO, Tableau, Power BI)
Digital marketing or Supply chain and logistics degree?
Both would get you a great job. How about both since DM would compliment SCM and the other way around.
www.linkedin.com/posts/sime-curkovic-61617a115_kellogg-company-to-split-into-three-independent-activity-6944987211129925633-Ckh7?
FYI also, WMU has an off the charts Digital Marketing degree major:
wmich.edu/dme/academics
The fastest growing major at our university.
@@simecurkovic actually I am moving to UK for studies and I have to choose between masters in digital marketing and masters in supply chain and logistics, to get me an entry level job in UK. I guess supply chain management degree ll be better as digital marketing can be learnt without doing a masters degree in it.. Right?
@@pashtun-travels-uk I personally agree. Note, we have a DM major and degree at my university. There is plenty to be learned there. I say only go the DM route if you want a pure Marketing career. I would look for a DM elective course in their graduate program. Thank you. Sime
Supply chain program ranks No. 2 in world
wmich.edu/news/2017/01/37589
KALAMAZOO, Mich.-Western Michigan University's integrated supply
management program recently ranked second on a listing of the top 100
universities for supply chain talent produced by SCM World, a
cross-industry learning community powered by the world's most
influential supply chain practitioners.
Top supply chain talent
The No. 2 ranking places WMU ahead of MIT, Harvard, Penn State,
University of Michigan and many other programs. Coming in first in this
year's ranking was perennial rival Michigan State University's supply
chain program. The survey respondents are industry professionals who
valued WMU's connection with industry, curricular innovation and ability
to prepare students to add immediate value to organizations in the
ranking process. The ranking indicates that industry professionals see a
degree from WMU as a marker of top supply chain talent.
The survey respondents were able to select from among 190 university
and college options on the poll and were given the option to specify
other universities or business schools not available in the
pre-populated list.
The results of the survey show that hands-on experience may often be
the differentiator in program success. SCM World cites a recent survey
about the ideal skill mix that supply chain professionals identified as
needed for 2020 and beyond, which stated that communication, strategic
thinking and change management were among desired skills. According to
SCM World, "Skills like these develop fastest in the world of work,
which may explain some of what we at SCM World saw in our latest ranking
data compiled in late 2016."
Multiple experiences offered
"The ability to offer our students multiple experiences through
projects, consulting and required internships allows them to gain
experience in the areas that supply chain professionals most value,"
says Dr. Robert Reck, professor of marketing and director of the Center
for Integrated Supply Management. "We work hard to stay close to
industry, listen to the needs of employers and adapt our curriculum to
reflect the realities in the field. This ranking shows that our efforts
are recognized and appreciated by hiring managers."
WMU's ISM program has evolved to extend students' knowledge of the
basic elements, issues and problems facing supply chains in the context
of cross-functional, demand-driven, value-added networks. The program
includes focus on customer relationship management; governance; lean
continuous improvement, including validating students as Lean Six Sigma
Green Belts; risk and change management; new product development and
commercialization; sustainability; technology; the functional activities
of purchasing, operations and logistics; and many other areas.
Students have the opportunity for immersive learning opportunities
such as special projects courses, simulations, internships and Bronco
Force, an innovative student and faculty consultancy, which aids
companies with their supply chain challenges.
"WMU earning the second highest spot on SCM World's list for top
supply chain talent does not surprise me; nothing can truly match up to
our opportunities," says Rachel Larson, a senior in the supply chain
program. "For me, Bronco Force is a great example. The consulting
experiences gave me the opportunity to apply everything I've been
learning. Also, our faculty members continuously improve the program by
meeting with employers to see what they value in employees and then
adjusting the curriculum to reflect those values. When I leave the ISM
program, I will not only have a degree but valuable skills to truly
succeed in the professional world."
The SCM World recognition places WMU in an elite circle of top supply
chain programs and is another in a long string of accolades for the
program, including a No. 8 ranking from Gartner and a No. 2 ranking for emphasis on technology in the curriculum by Software Advice.
Additional information
Access SCM World's report at scmworld.com/top-supply-chain-universities-question-reputation.
For more information on WMU's integrated supply management program, visit wmich.edu/supplychain.
Hi,can I do a supply chain course as a start without any degree or depth in the business world
Hello, a lot of junior colleges now actually have introductory courses in supply chain management. The classes tend to be relatively cheap and I hear they are very well taught (in general). In Michigan, several community colleges offer a 2000 level Intro SCM course because a lot of their students want to go on to four year universities to earn an undergraduate business degree (with a concentration in SCM). Also, most undergraduate business majors now have to take a SCM dedicated course (regardless of their major). So, your options should be plentiful if you want a formal classroom setting. Thank you. Sime
Sime Curkovic I’m trying to go to Wayne State and major in this. Do you think marketing is a waste of time?
@@donttalktomeyoureannoying8736 Wayne State has a world class business college with awesome job placement. I do not think any degree from there would be a waste of time. Take your grades seriously, get work experience related to your major, get to know your professors, join professional clubs, and network. If you do all those things, you will be more than fine. Reach out any time. Thank you. Sime
@@simecurkovic hey Sime! I just wanted to know if there is a lot of accounting involved in this course?
what are the most most important subjects in scm
Aziz Ben Yaghlane finance and trade, logistics supply, marketing, management, economics, statistics
Push and pull system.
I am currently thinking about studying pharmacy and doing an mba on supply chain management after that, do you think it is a good combination
Hello Huss:
I tell students if they want to get a strategically important entry level managerial position then get an undergraduate degree in supply chain. I also tell older students, if they want to work their way into a mid level (or higher) supply chain managerial/executive position, then get a graduate degree in SCM (especially if they do not have a strong background/work experience in SCM). Also, hospitals and health systems are increasingly tapping into a substantial-but often overlooked-opportunity: pharmacy supply chain optimization. While the bottom line impact of medication inventory is not lost on the C-suite (the people that report directly to the CEO), many executives are unaware of evolving best practice trends that can positively impact patient care and costs (because they tend to not have supply chain backgrounds).
In reality, re-engineering of inventory management is long overdue in pharmacies. Technological innovation and better workflow design are improving processes traditionally characterized by manual, error-prone practices and lack of visibility into existing inventory. Empowered with the right information at the right time, directors of pharmacy can maximize purchases and enhance patient safety through faster, better decision-making.
This enterprise-wide medication management model is transforming how health systems view the pharmacy supply chain. Data is used to aggregate drugs by demand across facilities, ultimately reducing inventory and waste-a figure that typically accounts for between 1-4% of medication spend in today’s health systems. So yes, there is room for supply chain expertise in every discipline. Be well and reach out any time. Thank you. Sime
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%. Yet the industry faces an acute labor shortage-if every skilled unemployed worker were to fill open job vacancies, a third of jobs in durable mfg would remain open.”
www.linkedin.com/posts/sime-curkovic-61617a115_visualized-the-state-of-the-us-labor-market-activity-7042865244666286080-zkZf?
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WMU supply chain grads from 2022 have a median wage range of $65-$75K. lnkd.in/dkGr4_uX. Good ROI, right? Recently, a student 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. lnkd.in/gwfAHdkW
lnkd.in/gyRiv9_x
Entry-Level Supply Chain Positions | Avg Salary: $69,000
Mid-Level Supply Chain Positions | Avg: $115,000
Senior-Level Supply Chain Positions | Avg: $260,000
Also:
Entry Level Mfg Jobs | Salary Range: $66,000 - $78,000
Mid-Level Mfg Jobs | Range: $110,000 - $143,000
Senior-Level Mfg Jobs | Range: $239,000 - $338,000
Source: lnkd.in/ga8Azij7.
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: lnkd.in/gMy3nwS2.
lnkd.in/gH3jSWKt
Again, the U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review. From me: it is actually higher if you loosely define SCM since every product and/or service comes from & has a supply chain. Note, this is all pre-covid data (so add more to the dollar signs)…Source: lnkd.in/gPqvNwG5
Logistician, $74,750
Logistics analyst, $58,713
Supply chain planner, $64,844
Purchasing agent, $69,600
Purchasing manager, $121,110
Logistics manager, $114,670
Distribution manager, $94,775
Operations manager, $100,780
Business & SCM competencies make up 80% of the fastest-growing skills in this industry; basic technical skills make up the remaining 20%.
Top two:
Microsoft Office/productivity tools
Advanced Microsoft Excel
Technical skills
Among the top & fastest-growing technical skills:
Data science
SCM knowledge
SCM
Project Mgmt
Our SCM students get an Analytics minor:
lnkd.in/gxRayD3j
Salaries per "ASCM/APICS" $: 2022 lnkd.in/gtYC5Cnw vs 2021 lnkd.in/gpMvehY5 vs 2020 lnkd.in/gcsrX6tr. Salaries per "DC Velocity": 2021 lnkd.in/gESQFNZa vs 2020 lnkd.in/gW-U-KHK vs 2019 lnkd.in/gJquYyT4. From "ISM": 2018 $: lnkd.in/gV53aggX. 2020 $ (right before covid): lnkd.in/gz8WQEhr. 2021 $ (deep into covid): lnkd.in/g-SfG93A & lnkd.in/gn5jM9xt.
More $: lnkd.in/gSYKjixY. CIPS reveals a 7.4% avg increase & the avg for all SCM pros in N.A. was $111,278. Global: lnkd.in/gxbTMSyx.
#supplychain #datascience #dataanalytics #college #bigdata #careeradvice
Does having a engineering degree give you a advantage in this field?
Yes indeed. They actually prefer those engineering skills in SCM and will even pay up for them. See:
ruclips.net/video/e5HpKwzB2PI/видео.html
Do supply chain managers need the technical skills to interact well with engineers? Why do WMU ISM supply chain graduates interact so well with engineers? Answer: We make them take engineering classes. lnkd.in/ei79SUB
Engineers wanted for SCM Jobs! Watch: lnkd.in/e6U74N6k
www.linkedin.com/posts/sime-curkovic-61617a115_should-supply-chain-grads-interact-well-with-activity-6856924520377319424-jKWI?
@@simecurkovic do you truely believe that demand is going up 25-30% because that’s amazing. Where most of those higher positions occupied by the baby boomers?
@@bravecoconut4028 There is actually data that says the number of SCM jobs during covid have doubled. I assume they are loosely defining SCM jobs, but there is likely a lot of truth to it. Yes, the baby boomers were the largest segment of our workforce during covid and many walked away.
*2.4M SCM jobs to remain unfilled between 2018 and 2028
*44M people employed in SCM jobs, making up 37% of the job market
*A third of current SCM workers have hit retirement age
>20,000 jobs on LinkedIn not filled w/ "entry-level supply chain" in job title
>35,000 jobs not filled w/ these words- “supply chain” & “analyst” & “data analytics”
113,000 unfilled jobs in Indirect Procurement & > 4K MRO Buyer jobs not filled
Supply Chain Data Scientist (>171,000 jobs on LinkedIn - that's all)
Supply Chain Finance (>25,000 jobs on LinkedIn - that's all)
>11,000,000 (11M) jobs not filled in the U.S., ½ are technically in SCM
So, this article from Forbes is recommending that my students become a jack of all trades, but a master of none?
www.linkedin.com/posts/sime-curkovic-61617a115_why-non-linear-career-paths-are-the-future-activity-7036462992430936064-pRMS?
Can you do that & still reap the benefits of being specialized, while also having a variety of career options? Supply Chain Management? WMU Research: Students who choose to specialize are having better experiences than those who stay generalist (FYI: They also found that professors have the most influence on major). See: lnkd.in/ex89namH
This might also be important before they begin their 60 year career…
"Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation." lnkd.in/gSuzhcjP -those who believe a professor cared about them as a person, made them excited about learning, & encouraged them to pursue their dreams had more than double the odds of being engaged at work & experiencing a higher degree of well being overall, these studies find. lnkd.in/g-v3-iTk
Will future business professionals need to learn to become consultants to their own org? We try to develop strategic skill sets (rather than tactical) combined w/ softer skills (i.e., problem solving, leadership, negotiation, project mgmt, etc.).
Skills would include: 1) Gather & organize information about the problem to be solved or the procedure to be improved. 2) Interview personnel & conduct onsite observations to determine the methods, equipment, & personnel that will be needed. 3) Analyze financial & other data, including revenue, expenditure, & employment reports. 4) Develop solutions or alternative practices. 5) Recommend new systems, procedures, or organizational changes 6) Make recommendations to mgmt through presentations or written reports. 7) Confer with managers to ensure changes are working.
Also, other skill sets required of pros (especially in SCM):
Project mgmt, Technical understanding, Cost accounting skills, Ability to understand financial statements, Understanding of e-procurement systems, Troubleshooting, problem solving, Understanding of cross-cultural / global issues, Business ethics, Understanding of the legal issues involved in managing contracts, etc.
Jack of all trades, but a master of none?
#supplychain #career
I had a student ask: Shouldn’t I major in Finance or Accounting if I want to become a CEO? I said: Well, being able to talk CFO talk is critical to long term success, but you might want to give this supply chain thing some thought…CEOs Will Come from an Unlikely Place: The Supply Chain...
www.linkedin.com/posts/sime-curkovic-61617a115_tomorrows-ceos-will-come-from-an-unlikely-activity-6999055149319036929-aRIQ?
"...it’s clear that supply chain professionals are poised to become the most powerful executives in the world..." Note, this article (2018) was written before covid. Multiply the above statement by a factor of at least two. lnkd.in/g2rhdEAH
More reads to back up the assertion that future CEOs will have SCM backgrounds...
Why supply chain professionals make great CEOs:
To become CEO, according to a recent Business Insider article, the move to an operational role is a common segue for many CFOs seeking the top spot. That’s not a coincidence: many companies seek out their CEOs from roles that are operational, such as supply chain management. A famous example, of course, is Tim Cook, CEO of Apple, who was COO before becoming CEO. He is not the only one. Alan George Lafley, CEO of Procter & Gamble, took a commission with the U.S. Navy as a supply officer first, and Mary T. Barra, CEO of General Motors, is known for her strong operations and supply chain management background. Why is supply chain expertise so valuable for future CEOs?...lnkd.in/g6HJgvX3.
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Why supply chain professionals make great CEOs
The metamorphosis of supply chain from a humble collection of support functions like purchasing, shipping and production to true business leadership is huge. Chief Supply Chain Officers (CSCOs) increasingly control 50% or more of a company’s annual spending, with two thirds of all employees directly reporting to the role. More importantly, CSCOs have begun to play a vital role in strategy development, product and service innovation, and even sales.
Why the change? lnkd.in/gXqaMWU4
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Supply Chain Leaders Making The Move To CEO
Better supply chain management means better businesses, and better businesses make for a better world.
Very few people make it to the top office of any business without first holding other major responsibilities. The chief financial officer (CFO) role is typically regarded as just such a standard precursor. However, according to a 2015 survey of CEOs in the Forbes 2000, only 13% of CEOs came over from the CFO position. Instead, the trend in recent years has been to move those CFOs into more operational roles, giving them an opportunity to bolster their hands-on abilities within the organization. lnkd.in/gp42y_Q9
How a Background in Supply Chain Can Set You on the Path to CEO
Anyone who’s been paying attention knows that Supply Chain Management has emerged from its status a back-office function to become a major strategic differentiator for business. Welcome the Supply Chain CEO! lnkd.in/gxeu2a5B
#supplychain
Hmmm. The Street: “For all you parents out there: want your kids to get filthy rich? One path to great wealth is going to a first-class university. That’s what a study from global research firm Altrata shows. Here is its ranking of the top 10 U.S. universities in terms of the number of graduates enjoying a net worth of at least $30 million. Altrata calls that “ultra-wealthy” (seems like a fair definition, right?).”
www.linkedin.com/posts/sime-curkovic-61617a115_the-path-to-achieving-high-wealth-leads-through-activity-7011393706373120000-DGQ2?
Secretary Miguel A. Cardona called college rankings “a joke,” & took aim at selective colleges’ obsession w/ them...lnkd.in/gv_vZ4k9. I have been talking to high schoolers & the parents also appear to be too focused on rankings. Pay attention to what matters most- not rankings!...especially at the undergrad level. (Yes, I still wish my school was ranked higher than #285). UM & MSU & Michigan Tech ranked very well, congrats to them. lnkd.in/gc27Ne9p
"Students who are able to build strong relationships with professors are far more likely to find engaging work after graduation." lnkd.in/gSuzhcjP -those who believe a professor cared about them as a person, made them excited about learning, & encouraged them to pursue their dreams had more than double the odds of being engaged at work & experiencing a higher degree of well being overall, these studies find. lnkd.in/g-v3-iTk
…only 3% of grads reported having the kind of positive experiences in school that these studies find to be valuable.
At WMU, we do better than 3%. Why? My answer: faculty are obsessed with student success (that’s what you should be looking for as a student). lnkd.in/gK_PQdYh
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 world class education that is extremely comparable to the schools on the list. In fact, in some ways, you might be getting a better education (i.e., smaller classes, closer mentors, better ROI maybe, etc.). Note also, all rankings are somewhat dubious and suspect. At the undergraduate level, pay less attention to the brand of the school, & pay attention to your major (i.e., does demand exceed supply which means you will have multiple job offers upon graduation) and make great decisions while you are in school (i.e., work experience, networking, grades, passing a drug test, build your brand, etc.).
FYI: “The majority of ultra-wealthy individuals already reside in the U.S., but 2021 saw a staggering increase of 30,470 people bring added to this exclusive ultra-wealthy category in the country.”
lnkd.in/gU84FAHG
In 2021, America’s top 10% of income earners made at least $129,181 a year-more than 2x the U.S. avg. America’s top 10% works 4.4 hrs more each week than those in the bottom 10%. Globally, the top 10% in 27 countries surveyed are actually working around 1 hr less each week than the bottom 10%.
lnkd.in/gBDnqMse
#supplychain #collegesanduniversities #careerguide
He’s awesome, i want his number
Wow, the Harvard Business Review (Delgado & Mills) called this right 5 years ago in 2018 (pre covid), well done. Why are supply chain industries the source of so many high-paying jobs and so much innovation? lnkd.in/grs9FUsw.
Degree program fuels supply chain and logistics industry’s workforce of the future: lnkd.in/g65xNd9M. “Its bachelor’s degree gives students the chance to boost their average annual pay in the field to $87,280, compared with $49,689 for a high school graduate.”
A Look at the U.S. Supply Chain Economy: lnkd.in/gWuBsbyw. “It’s worth noting that supply chain traded services have the highest wages in the supply chain economy, averaging at $80,800 annually - 3 times higher than traditional “service” jobs.”
The supply chain economy: A new industry categorization for understanding innovation in services (Delgado & Mills): lnkd.in/g3XCQvVQ.
In 2020-2021, SCM was the 89th most popular major nationwide with 10,986 degrees awarded. lnkd.in/gBA7id7M. Top Degrees in demand, current data (2023) from NACE: lnkd.in/g3kM_sZ6.
Great time to be a supply chain student. Deloitte expects U.S. manufacturers to have 2.1M unfilled jobs by 2030, & the BLS is projecting that logistics employment will grow by 7% annually through 2026. lnkd.in/gQ4cTdiy
"The number of US job postings for supply chain managers on LinkedIn more than doubled between 2019 & 2022, according to data shared w/ the Financial Times." lnkd.in/gyWH5gxt.
The U.S. supply chain accounts for 37% of all domestic jobs, according to the Harvard Business Review. lnkd.in/gbV_aMT7.
Nice SCM salary report summary: lnkd.in/dTneTGgw.
#supplychain #jobs #economy
ajmo hrvatska
1. Students who choose to specialize in their education (e.g., Supply Chain) are having better experiences.
2. Professors have more influence on a student's choice of major than any other person!?
3. What students do at college matters WAY more than where they go.
lnkd.in/e5zG6sZ
Students who choose to specialize in their education (e.g., SCM) are having better experiences than those who stay general. Most good paying jobs are highly specialized (e.g., purchasing, operations, & logistics). FYI, research from my colleagues: lnkd.in/ex89namH
In their research, students in specialized majors reported more professional opportunities, higher quality courses, higher quality students & instructors, stronger culture, & more enthusiasm toward their training. The only advantages perceived in taking the generalist path were more flexibility & ease.
They also found that professors have more influence on a student's choice of major than any other person--more than parents, friends, other students, high school figures, academic advisors, etc.
If there's one thing my SCM career taught me, it is to not fear specialization. It is the fastest road to growth and opportunity.
lnkd.in/eFcwnf3Y
Does the brand name of the college you attend actually matter?
What students do at college matters much more than where they go.
Studies conducted in recent years show a strong connection between certain forms of engagement in college and future job satisfaction and well-being. In particular, they found six key college experiences that correlated with how fulfilled employees feel at work and whether they thrive in life after college:
• Taking a course with a professor who makes learning exciting
• Working with professors who care about students personally
• Finding a mentor who encourages students to pursue personal goals
• Working on a project across several semesters
• Participating in an internship that applies classroom learning
• Being active in extracurricular activities
lnkd.in/enV6szvN
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Whether you realize it or not, future Supply Chain managers will need to become consultants to their own organization…So yes, SCM is very specialized, but it also requires a set of very broad based strategic business skills. A jack of all trades and expert in none?!
lnkd.in/e-jqMJB
$$$$$$$:
lnkd.in/eBd-cRr
lnkd.in/enTTEt_m
Trust me, this is an exceptional read for Supply Chain students, professors, & managers (from Bloomberg). lnkd.in/e2jF2cXc
Forget Finance. SCM Is the Pandemic Era’s Must-Have MBA Degree.
Notice the parts that say:
...spotlight on supply-chain programs, which are attracting more students. (From Sime: Good, > enrollment!)
...The tumult has forced companies to lavish more attention on their supply-chain professionals,...(From Sime: Do you feel lavished?)
... It’s also prompted business schools to refresh their SCM curricula...(From Sime: Yes, if you previously were not talking about this stuff)
...supply-chain education & theories had grown as rigid as some of the practices out in the real world. (From Sime: Yes, if you previously ignored risk)
...business schools are now emphasizing things such as risk mitigation, data analytics, & production reshoring-while also carving out room to explore more intangible topics like ethics, communication, & sustainability. (From Sime: this has been part of the WMU ISM & HCOB curricula since the Great Recession, & our students minor in Data Analytics).
lnkd.in/eWA3ZFdY
lnkd.in/eRArgsXs
lnkd.in/epHAQNDF
...Incoming business students who once defaulted to finance or marketing now want to explore SCM,..(From Sime: that would be a wise career move, but see other options below, SCM+Finance+MKGT+ENG=$$$)
lnkd.in/eZna65Pu
lnkd.in/e6fnnns
lnkd.in/enHAUT82
lnkd.in/e4ZzWXm2
...Students who pursue SCM degrees this fall are certain to get an earful about the limitations of just-in-time inventory systems,...(From Sime: we have always given them an earful)
...Covid-19 exposed the weaknesses of legacy inventory systems, which typically emphasize cost reduction above all else,..(From Sime: trust me, cost reduction will stay VERY important, ROI goes up when you do things better, faster, & cheaper)
...Classroom discussions will now delve into the downsides of sourcing too much from China or any single country, while they also explore the role that new technologies like machine learning and artificial intelligence can play in mfg & inventory decisions. (From Sime: most programs have been doing it for years)
...Old research, meanwhile, is getting reinterpreted through the pandemic’s lens (From Sime: WMU ISM started this research stream in 2012, & many others started way before us)
lnkd.in/ej-dZ6jg
lnkd.in/eGtJhvRy
...It helps that high-profile chief executive officers...spent time running complex supply chains before they got the top jobs, but logistics educators say greater boardroom acknowledgement of the make-or-break role such skills play is long overdue. (From Sime: spot on, SCM is now spawning future CEOs).
...The 20th century was about finance. The 21st century should be about SCM. (From Sime: I think it will be both, Finance+SCM=Competitive Advantage).
lnkd.in/eZna65Pu
Part 2 of this lecture can be found at:
ruclips.net/video/m4gdWY8IUaA/видео.html