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

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 5.4 percent from May 2013 to May 2014 at $103.9 billion.

With an eye on making transportation of crude oil by rail (CBR) and ethanol safer following various tragic accidents over the last year, the United States Department of Transportation yesterday released details regarding its rulemaking proposal designed to improve how large quantities of flammable materials by rail can be moved in a safer manner.

Getting items ordered online to your home on a same-day basis is as important or relevant as it needs to be, and it depends on things like the type of products being ordered and its relative urgency as well. This was put into better perspective for me during a recent conversation I had with Dr. Victor Allis, CEO of Quintiq, a supply chain vendor specializing in a single optimization and planning platform.

Diesel prices dropped for the third straight week, with the average price per gallon seeing a 2.5 percent decline to $3.869 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

Seasonally-adjusted (SA) for-hire truck tonnage in June dropped 0.8 percent on the heels of a revised 0.9 percent (from 1.0 percent) increase in May and was up 2.3 percent annually.

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.