Wednesday, December 21, 2005
   


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Institute for Supply Management

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In This Issue ...


This Month in Inside Supply Management®

How the time flies! We're nearing the end of 2005. Do you remember that great article you read in Inside Supply Management® back in the spring? Could you put your fingers right on it if you wanted to share it with a colleague? Don't worry ... we don't expect you to be able to. That's why we've provided our annual article index in the December issue of Inside Supply Management®. A year's worth of articles at your fingertips, all arranged by topic. You can browse through for reference or see what you've missed.

You'll also want to check out the December issue for the cover story on outsourcing, "Outsourcing Ins and Outs." We examine to what extent outsourcing is happening and what seem to be the critical factors for making it work — here's a hint: when supply management is involved in the decision, the chance for success increases.

Also in December's issue of Inside Supply Management®:

  • What you can learn from your negotiation session
  • How to handle indemnification provisions in contracts
  • Insights on business education
  • Recovering from Katrina
  • And much more!

To access the table of contents for the December issue of Inside Supply Management® click here.

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Your Vote Counts -- Ballot Deadline January 12, 2006

On December 1, 2005, ISM mailed the 2006 Proxy for the Annual Meeting of Members of the Institute for Supply Management, Inc.™ (ISM). ISM members are being asked to vote on the election of ISM Board members. The report of the vote and other business of the organization will be made at the ISM Annual Membership Meeting that will be held on Thursday, January 12, 2006, at 11:30 a.m. MST at the national headquarters of ISM in Tempe, Arizona.

Your national Board unanimously recommends your vote "For" this outstanding group of individuals:

  • Aaron D. Dent
    Vice President - Supply Chain Management, Delta Air Lines
  • Robert B. Duncan, Ph.D.
    The Eli and Edythe L. Broad Dean and Professor of Management at The Eli Broad College of Business, Michigan State University
  • Grace Puma
    Vice President, Global Indirect Material and Services Procurement, Kraft Foods
  • Shelley Stewart, Jr.
    Vice President Supply Chain, Tyco International (US), Inc.

For more information about the election or the above individuals click here.

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International Demand for C.P.M. Expertise Continues to Grow

International demand for C.P.M. expertise continues to grow, according to supply management leaders who attended the recent International Federation of Purchasing and Supply Management (IFPSM) World Congress in Beijing, China. Major items of discussion were global procurement, economies, markets, supply chain management and the finalization of an agreement between ISM and the Chinese Federation of Logistics & Purchasing (CFLP) for the creation of a Chinese version of the C.P.M. Exam. This year's theme was "Globalization of Economy - Procurement Focus on China."

"The development of the Chinese C.P.M. Exam is a strong indicator of the continued worldwide recognition and value of the C.P.M. designation," states ISM CEO Paul Novak. "Organizations here and across the globe view the C.P.M. as the highest level purchasing designation. With China's rapidly expanding position on the world stage as a growing economic and trading partner, their adoption of the C.P.M. as the professional standard for purchasing professionals bolsters demand for all C.P.M.s."

To read this article in its entirety click here.

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Leadership in Supply Management

The theme for ISM's 91st Annual International Supply Management Conference and Educational Exhibit is "Leadership in Supply Management." The Annual Conference takes place May 7-10, 2006 at the Minneapolis Convention Center in Minneapolis, Minnesota.

Registration has already begun! For more information click here.

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Calendar of Events for January

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Term of the Day

Today's ISM Term of the Day is: BUYING TEAM.

Definition: The practice of utilizing teams for strategic sourcing is a method in which individuals from several departments (such as purchasing, operations, engineering, and finance) pool their expertise to make sourcing analyses and decisions jointly.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day -- 7 days a week. The Term of the Day is taken from the Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary of Key Supply Management Terms which includes terms from the private, public, and various industry sectors, and from a wide variety of sources. The Glossary can be browsed alphabetically, or searched by keyword.

To access the Glossary click here.

If you are not a member but would like membership information click here.

Help us update this Glossary! If you don't find the term or definition that you are looking for let us know. We will be updating the ISM Glossary in the coming months, and your input will be useful for the new edition. To contact us regarding the Glossary, e-mail: surveys@ism.ws

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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