FOR RELEASE: March 26, 2002
|ISM Media Relations|
|800/888-6276 ext. 3015|
(Tempe, Arizona) — A leading supply management expert from the San Francisco Bay Area will kick off the Institute for Supply Management™’s (ISM) 87th Annual International Supply Management Conference and Educational Exhibit. Hau L. Lee, Kleiner Perkins, Mayfield, Sequoia Capital Professor, Graduate School of Business and School of Engineering, Stanford University, is opening the Conference with a presentation on intelligent procurement and supply chain management.
Lee specializes in supply chain management, e-business, global logistics system design, inventory planning, and manufacturing strategy. He is the founding and current director of the Stanford Global Supply Chain Management Forum, an industry-academic consortium that advances the theory and practice of global supply chain management. He is also a co-founder of NON-STOP Solutions, a company that provides demand chain optimization services to industry, and a co-founder of DemandTec, a company that provides pricing and promotion optimization services.
Lee’s highly anticipated presentation, to be given on Sunday, May 5, 2002, at the Hilton Hotel in San Francisco, will examine the daunting challenge of the complexities of the supply base and product structure, as well as the dynamics of the changing technology and product life cycle, and managing procurement in a supply chain. Lee will emphasize that although the Internet facilitates the procurement process with great efficiencies, the biggest opportunity remains untouched.
Lee is no stranger to the Institute. His article, "The New Frontier of Supply Management," was featured in the February 2002 edition of Inside Supply Management™, ISM’s award-winning supply management magazine. In the article, Lee states, "Integrating supply with demand is the cornerstone of supply chain management, and to this end, we have seen many companies focusing on building competencies in their procurement and supplier management functions. Programs such as e-procurement, collaborative forecasting, supplier-managed inventory, and supplier consolidation have improved the efficiency of many supply chains. These improvements are admirable, but I think a new wave of supplier integration and partnership efforts is emerging. These efforts show even greater and exciting promises, and their value creation potentials are limitless." Lee believes the way to this new wave is through "scope expansion."
For a complimentary media pass to the Institute for Supply Management™’s 87th Annual International Supply Management Conference and Educational Exhibit to be held at the Hilton Hotel in San Francisco, May 5-8, 2002, please contact Kristen Kioa at email@example.com, or call 800/888-6276 or 480/752-6276, extension 3015.
The Institute for Supply Management™, established in 1915, is the world’s leading educator of supply management professionals and is a valuable resource for decision makers in major markets, companies, and government. In May 2001 the membership of NAPM voted to change the association’s name from the National Association of Purchasing Management to the Institute for Supply Management™ to reflect the increasing strategic and global significance of supply management. For further information, see the ISM Web site at www.ism.ws.