Career Profile: Supply Chain
Current Role: Entrepreneur (own my own business in food manufacturing)
Previous Role: Supply chain manager / commodity manager
Salary Range: $70 - 120k
My years of experience: 15
Location: Philadelphia, PA (but worked in Upstate NY as well)
Hot Markets: Just about everywhere; supply chain is needed by everyone but each industry is different. Philly/NJ lots of Pharma supply chain, Midwest lots of food commodity or manufacturing supply chain (especially auto), TX/LA - petrochem supply chain or petrochem supporting industries, Cali - IT supply chain, Atlanta & Indy, lots of distribution supply chain
Job Summary: In the commodity management side of supply chain you typically manage a "commodity" which is a group of similar suppliers be it electronics, motors, food products, chemicals, packaging, etc. You are responsible for making sure the current supply base performs as well as making sure you vet new suppliers, come up with cost savings initiatives, and other ways to improve supply chain.
Education: Undergrad, BS in business admin, MBA focusing on supply chain; also in supply chain certs are important. To get in the door get your CPIM from APICS (no work experience required). Later get a CPSM from ISM or CSCP from APICS.
Work Specifics: Commodity management requires an extensive knowledge about many areas of business: procurement (negotiations and contracts), finance (payment terms and calculating inventory and other costs), international business (sourcing with global suppliers and calculating landed costs), and logistics/transportation to start.
Typically you have a group of suppliers you manage and you are responsible for 1) on-time performance and quality performance, 2) annual cost savings goals, 3) developing new suppliers, 4) working with other operations (sales and operations) to forecast and plan any supply chain changes needed to support goals
Why choose this career path/Backstory: I wanted a change of careers and was interested in manufacturing. I discovered supply chain studying for my MBA at a school known for supply chain. I liked it so much I joined APICS and ISM with the cheap student membership and then got my CPIM. Soon thereafter I got a job with a manufacturer in Upstate NY and worked with them. Great job and I lived in China & Brazil among other places and traveled all over the world to vet and develop suppliers.
Related Jobs: Supply chain management is the key job you want to get but there are many supporting roles which fall in or near "supply chain". Purchasing (like with buyers), logistics managers (transportation), import/export work, trade finance, and of course supplier quality management.
How to get your foot in the door: if you don't have experience or a degree, get a certification. The most accessible is the CPIM from APICS which requires not prior experience. Get the books from interlibrary loan to save hundreds of dollars since the test fees can be expensive. Then put this on your resume and start going to local chapter meetings of ISM, APICS, or CSCMP to network. Even better if you can go to one of their national or regional conferences. Lots of people get jobs there.
Notable Companies: Breh, there are way too many to mention. Every company has purchasing or supply chain but you want to find a firm that VALUES the supply chain function and supports it both with staffing and visibility. A company that has only a few people managing billions in spend and banging on them for cost savings is not where you want to be.
Entry Level Jobs: Easiest to get into is a buyer role but you can get stuck there. Aim for commodity manager or supply chain manager if you can
Entry Level Pay: Typically $70k+ but it may be $50-60k if you are recently out of college with no experience
Top End Jobs: VP of Supply Chain in the executive level. You may report to the CEO or COO or CFO
Top End Pay: $250k or so for high level VPs
Work/Life Balance: Expect at least 25% travel to visit and deal with suppliers. For hard core supply chain gigs with large overseas supply chains (like Apple, etc.) expect 50% travel. Luckily hours typically don't go beyond 60 per week unless things are going nuts
Any Other Interesting Information: ISM has a minority interest group you can reach out to and network with. They have a meetup at national conferences. Join the supply chain organizations and read the monthly magazines, you will learn a lot. Supply chain is really big on experience so if you can't get a certification and don't have the years of experience, start in a buyer or logistics role but make it clear you want to grow into a more supply chain position. If you can't do so at your current company look around to move to another. Often smaller companies are more open to people with less experience as are companies is less 'hot' areas (second tier cities, non-sexy industries, etc.)