FOR RELEASE: April 10, 2002
|ISM Media Relations|
|800/888-6276 ext. 3015|
(Tempe, Arizona) — The Institute for Supply Management™'s Impact 2002: A Total Price/Cost Approach to Supply Management provides valuable tools and innovative perspectives on major issues facing supply management. The unique format of this program presents an opportunity to link with the macro-environment in a personal way. The workshop session format optimizes participants' time, and provides them with the opportunity to experience more real-life, hands-on supply management issues and solutions.
With a focus on bottomline results, no other arena has the same direct impact on the well-being of an organization as supply management. Impact 2002 offers sessions that help attendees deliver results in the areas of price containment strategies, technology and e-business tools, supplier relationships, and strategic outsourcing and insourcing methods, plus much more.
Session highlights include keynote addresses from Timothy A. Minahan and Jack Berry. Minahan, vice president, supply chain research, Aberdeen Group, Inc., will open the program in an insightful presentation, total cost management: The Future of Procurement. He maintains that supply management leads the charge to effectively control costs and manage performance across the supply chain. His presentation will focus on the development of a strategic Total Cost Management (TCM) infrastructure that blends proven supply chain strategies and deep commodity and market intelligence with emerging sourcing, planning, procurement execution, monitoring, and analytic technologies.
Berry, co-founder and managing director, Pegasus Global Partners, estimates that over 20 percent of all invoices have errors resulting in delayed payments. He states, "If 20 percent of invoices are not paid on time because of errors, either the buyer/supplier relationship is jeopardized and/or the buyer may pay more for goods or services." Berry's presentation, The Financial Supply Chain: How World-Class Companies Have Reduced Billions without Spending Millions, addresses cost-savings opportunities in the financial supply chain by comparing the similarity to opportunities realized in the physical and informational supply chains.
Every session at this conference was designed to help participants positively and effectively impact their organization's bottomline. From concepts and strategies to plans and execution, this conference offers supply management professionals new ways to approach fiscal challenges.
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.