Education Matters

image
By Patrick Burnson, Executive Editor
June 11, 2010 - SCMR Editorial

A recently released survey by the Institute of Supply Management (ISM) confirms professional credentials, education and experience contribute to greater pay and equity.

SCMR’s sister publication, Logistics Management, came to a similar conclusion after conducting its salary survey of supply chain executives. ISM surveyed management professionals in the United States during January and February 2010. Random samples of customers were pulled from an ISM database that included both members and nonmembers. An e-mail message requesting participation was then sent to these customers. In all, a total of 973 responses were received, representing a response rate of 7.3 percent.

ISM’s salary survey established average salaries (for the 2009 calendar year, all in U.S. dollars) for the following job titles:
• Chief Purchasing/Supply Management/Sourcing: $240,408
• Vice President, Purchasing/Supply Management/Sourcing: $226,562
• Director, Purchasing/Supply Management/Sourcing: $132,398
• Manager, Purchasing/Supply Management/Sourcing: $94,384
• Experienced Supply Management Professional: $71,348
• Entry-Level Supply Management Professional: $50,506

Additional summary report details include:
• ISM’s new Certified Professional in Supply Management (CPSM) designation ismaking a positive impact on the profession. Respondents who earned this designation reported an average salary that was 9.8 percent higher than those without any certifications, and 8.9 percent more than those who have not earned their CPSM.
• As with the LM survey, ISM found that gender still appears to affect the salary supply management professionals can expect to receive. The average salary among male respondents to this survey was $104,443, while the average salary among female respondents was $88,078.



About the Author

image
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 .(JavaScript must be enabled to view this email address).

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!

Recent Entries

Company says the Cloud offering allows customers to respond more quickly to new business opportunities, without significant upfront cost and implementation times.

As e-commerce continues to take a bigger piece of the holiday package delivery pie, it stands to reason that companies need to be proactive and prepared in order to deliver premium service during the busiest time of year, which is rapidly approaching. And that is exactly what transportation giants UPS and FedEx are doing this year. How are they doing it exactly? The primary step they are taking is to up their numbers of seasonal staffers.

A recent hearing of the Subcommittee on Coast Guard and Maritime Transportation suggests that the U.S. Merchant Marine industry may be poised for a major comeback.

Spot market freight volumes for the month of August remained elevated compared to seasonal norms, according to data issued this week Portland, Oregon-based freight marketplace platform and information provider DAT.

Factors such as rising freight rates, shrinking capacity, an increased desire for global supply chain visibility, have all worked together to drive the need for instituting a culture of continuous improvement in logistics operations and transportation management systems (TMS). To meet today's complex logistics challenges, managers are stepping into a more streamlined, automated approach to transportation management in order to function at optimal levels both domestically and internationally. Read the latest special report.

Article Topics

Blogs · Supply Chain · Management · Education · All topics

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers 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. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.