Wednesday, August 16, 2006


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In This Issue ...
  • This Month in the Inside Supply Management® Magazine.  Read more.
  • ISM Replaces the Standard Industrial Classification (SIC) System with the North American Industry Classification System (NAICS).  Read more.
  • An Opportunity to Share Your Expertise as a Satellite Seminar Panelist.  Read more.
  • When Applying For My C.P.M., How Do I Document My Work Experience?  Read more.
  • Application Deadline is September 29, Don't be Left Out!  Read more.
  • Calendar of Events for September.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

This Month in the Inside Supply Management® Magazine

In the August issue of Inside Supply Management® read about:

  • Why you should know how your suppliers rate you
  • Creating a unified vision with supply chain partners
  • NDAs help protect your intellectual property

To access the August table of contents click here.

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ISM Replaces the Standard Industrial Classification (SIC) System with the North American Industry Classification System (NAICS)

ISM announces the conversion to the North American Industry Classification System (NAICS), beginning with the July ISM Manufacturing and Non-Manufacturing Report On Business®, in order to more accurately categorize the industries covered in these reports.

For many years, ISM has used the Standard Industrial Classification (SIC) system to categorize survey respondents' companies into the correct industries. In recent years, rapid changes in both the U.S. and world economies revealed that the SIC system needed to be updated for more effective classification of economic activity.

Over the past six years, the U.S. government began replacing the SIC with the NAICS. The six-digit NAICS code is a major revision that not only provides for newer industries, but also reorganizes the categories on a production/process-oriented basis. This new, uniform, industry-wide classification system has been designed as the index for statistical reporting of all economic activities of the U.S., Canada and Mexico. The longer code accommodates the larger number of sectors in both the manufacturing and non-manufacturing industries, while allowing for more flexibility in designating subsectors.

For more information on this change click here.

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An Opportunity to Share Your Expertise as a Satellite Seminar Panelist

Are you a whiz when it comes to the financial end of supply management — analyzing and controlling costs, determining value, and so on? Does your company have a dynamic program for supplier diversity? Are you known for your outstanding project management ability? Does your organization have a unique way of assisting supply management professionals to acquire essential business skills?

If you answered "yes" to any of these questions, you may be a perfect candidate to appear on an upcoming satellite seminar! Or if you don't have the expertise yourself — do you know of someone who does? ISM is always on the lookout for supply professionals who are willing to share their knowledge and practical experiences on satellite seminar panels and other programs.

Programs planned for the 2006-07 satellite seminar series are:

  • Thursday, October 12, 2006 — Finance for the Supply Professional
  • Thursday, February 8, 2007 — Critical Business Skills for Effective Supply Chain Leaders
  • Thursday, April 19, 2007 — The Business Case for Diversity in a Social Responsibility Context
  • Thursday, June 7, 2007 — Project Management for Supply Professionals

ISM began presenting satellite seminars more than 10 years ago, and to date we have aired 47 programs on various supply management topics. Over the years, nearly 200 individuals have enjoyed the opportunity to appear and share their knowledge as an ISM satellite seminar panelist. Would you like to join their ranks?

To explore the opportunity to serve as a panelist or share your expertise at other ISM educational events click here.

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When Applying For My C.P.M., How Do I Document My Work Experience?

You will be required to provide documentation in the form of a letter on letterhead from your current and/or previous employers stating your applicable job titles, the months and years you held each title (from and to) and responsibilities of each job title. This should be written by either your supervisor or an HR representative. ISM will not give you credit for work experience listed on the application unless we receive adequate backup documentation.

For companies that are no longer in business, we will allow you to have this work experience documented by either a co-worker, subordinate, or even a supplier provided they can provide the requested details about your position(s). If your work experience was gained in the military, ISM will accept a copy of your DD-214 as documentation of work experience.

ISM has created sample work experience letters that are available on the ISM Web site. The sample letters do cover unique circumstances. To access the sample letters click here.

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Application Deadline is September 29, Don't be Left Out! ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management Accepting Entries From Innovative Supply Management Departments

Organizations invited to apply via ISM Web no later than September 29, 2006.

While the inaugural ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management have been presented, the Institute for Supply Management™ (ISM) is announcing its call for entries for the second annual awards. ISM's Richter Awards are open to supply management departments of all sizes and geographic locations, both domestic and international. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact.

ISM will accept entries through an online submission process from July 3 to September 29, 2006. Multiple entries are welcome in four award categories, including process, organization/structure, people and technology. Winners will be notified in January 2007, and award recipients will be publicly announced and honored at an awards dinner on Monday, May 7, 2007, at ISM's 92nd Annual International Supply Management Conference and Educational Exhibit in Las Vegas. Winners agree to present at ISM Conference sessions the Tuesday afternoon following the awards dinner.

Questions regarding the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management can be directed to Scott Sturzl, C.P.M., at 800/888-6276, extension 3105 (or, for callers outside the United States, 480/752-6276, extension 3105), or by e-mail at

For information on entry categories, applying for the 2007 awards or to download the 2006 Richter Award Winners Brochure click here.

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Calendar of Events for September

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Term of the Day

Today's ISM Term of the Day is: INVENTORY POSITION.

Definition: A measure of an inventory item's ability to satisfy future demand, considering scheduled receipts and on-hand inventory.

A different Term of the Day is posted on the ISM Home Page ( 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:

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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