Logistics Management’s annual salary survey webcast yields new observations

In a wide-ranging and animated dialogue, the three experts also shared their advice with management: Don’t take your people for granted.

By ·

Given the heightened awareness of risk in the supply chain, academics and career advisors are telling young professionals to take on more education as they climb the corporate ladder.

“We are now placing a greater emphasis on critical thinking in our curriculum,” said Dr. Theodore P. Stank, Bruce Chair of Excellence in Business, University of Tennessee. “That includes learning the ‘soft’ skills of management and leadership.

Stank was one of three industry experts involved in this week’s webcast, “Logistics Management 27th Annual Salary Survey: Ready to Move Up.” The on-demand event is archived on this site, and is now available to registered readers.

Joining Stank, was Jarrod Goentzel, Ph.D., and executive director of the MIT Supply Chain Management Program, and Lynn Failing, vice president of Kimmel & Associates, Inc., a national executive search firm specializing in the logistics and supply chain industries.

“To fully cope with risk in the supply chain, people need to have a more diversified education,” said Goentzel. “That means being able to speak the language of finance as well as supply chain management.”

Failing agreed, adding that professionals should also take advantage of any opportunity to learn on the job.

“If you are managing a supply chain, then learn something about procurement,” he said. “And if you are in procurement, learn something about transportation. It’s all part of an integrated operation that helps the bottom line.”

Stank also shared an observation that championed education as an ongoing pursuit.

“Machinery and technology can become obsolete in a short time, but the same is true of people in the workforce. Unless you continue to grow and take on new responsibilities a person becomes stale and vulnerable,” he said.

In a wide-ranging and animated “round table” dialogue, the three experts also shared their advice with management: Don’t take your people for granted.

“Our job candidates are interviewing companies just as hard as the companies interview them,” said Goentzel. “And the best will demand that they are given a solid career path that includes opportunity to advance.”

Failing agreed, noting that companies have a chance to “mentor” the most promising new hires so that they will remain with the company.

“Young people want more from a job than just a good salary,” he said. “They demand a different lifestyle balance, and insist that the corporate culture is one that they can be proud of.”

For related articles click here.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
How Lean is your Lean Quality Program?
Avoid quality program bureaucracy that can sap logistics productivity and increase costs
Download Today!
From the September 2016 Issue
Indecision revolving around three complex supply chain elements—transportation, technology and organizational structure—finds many companies waiting to commit to a strategic path. However, waiting too long will only result in a competitive disadvantage that will be difficult to overcome in today’s fast-paced, global economy.
Time for Asia’s ports to rebuild
Is the freight recession upon us…again?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Supply Chain Best Practices: Visibility to In-Transit Inventory
During this webcast you'll learn on how various organizations have gained instant access to in-transit parcels and given access to this information to stakeholders.
Register Today!
EDITORS' PICKS
25th Annual Masters of Logistics
Indecision revolving around three complex supply chain elements—transportation, technology and...
2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...

Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...
Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....