Wednesday, November 1, 2006


Target Corporation


ISM's 92nd Annual International Supply Management Conference

In This Issue ...

October Manufacturing ISM Report On Business®: PMI at 51.2%

Economic activity in the manufacturing sector grew in October for the 41st consecutive month, while the overall economy grew for the 60th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.

The report was issued today by Norbert J. Ore, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "In October, the manufacturing sector fell to its lowest level of growth since June 2003. There was significant movement in most of the indexes as new orders and production continued to soften, while backlogs contracted for a second month. There was particularly good news on the pricing front as the Prices Index fell 14 points, signaling some relief for buyers for the first time in 15 months. A second positive signal is the improvement in new export orders as the weaker dollar continues to support a strong export market."

To read the entire release click here.

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One on One: An Interview with Lori Vegso

Lori Vegso is the director of sourcing and supply management for Kimberly-Clark Corporation in Neenah, Wisconsin. In this role, she leads a 13-person team with responsibility for procuring many of the raw materials used in her company's consumer products. With a focus to drive business results by working with internal technical and manufacturing customers to select, manage and optimize a supply base that meets Kimberly-Clark's business priorities, Vegso's three key priorities are cost in use, speed to market and innovation. Vegso received a bachelor of science in accounting from Marquette University.

The Journal of Supply Chain Management: Why is innovation a key priority for Kimberly-Clark?

Lori Vegso: Innovation drives our product differentiation and overall competitive advantage in the market. Bottom line, it helps us achieve our growth and profit goals. As we develop innovative solutions, we not only look to the talent of our internal technical experts, but we also look to our supply base as a way of optimizing our resources and leveraging our combined talent and expertise. Supplier innovation is a valued resource that helps Kimberly-Clark meet its growth objectives from an innovation and speed and cost perspective.

The Journal: Because your suppliers are an important part of your strategy to obtain innovation, what challenges do you face?

Vegso: Kimberly-Clark's process for managing innovation with our supply base has developed significantly over the past 10 years. As the global market becomes more competitive, the challenge of competing for the top talent of our suppliers also exists due to the fact that Kimberly-Clark and its competitors often have similar objectives around innovation. Therefore, it is a business necessity to have the structure and process in place to attract, develop and retain the best suppliers to meet our internal growth objectives.

To read the entire interview with Lori Vegso click here.

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Professional Credentials

Come visit the newly revised Professional Credentials (formerly Certification) area of the ISM Web site. This area has be revamped in an effort to make it easier to use and understand.

The revised Professional Credentials area is divided into the following sections:

  • Certified Purchasing Manager (C.P.M.) Program
  • Certified Professional in Supply Management (CPSM) Program
  • Accredited Purchasing Practitioner (A.P.P.) Program
  • Certification Forms
  • Credentials Discussion Forum
  • Credentials Verification
  • Additional Program Information
  • International Certification Contacts
  • Certification Newsletter — Supply Line 2055: Certification Update

To visit the revised Professional Credentials area click here.

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UNSPSC for Spend Analysis: Industry Best Practices

A free archived Web seminar sponsored by Zycus and presented by ISM on September 20, 2006

Featured Speakers:

  • Stephen Arens, Senior Director Market Development, Gs1 US from UNSPSC, insights on factors critical for adopting UNSPSC.

  • Michael D. Batton, Strategic Sourcing Research Manager, Corning Incorporated. Mr. Batton will detail how Corning has benefited by using UNSPSC, what to expect and how best to implement a progressive spend analysis program in your organization.

From this archived Web seminar, you will learn:

  • Best practices for successful adoption of UNSPSC
  • Common mistakes to be avoided during the implementation of UNSPSC
  • Tips for Effective Change Management
  • Industry successes discussed through case studies
  • GS1 — Roadmap for UNSPSC

The United Nations Standard Products and Services Code®, is considered synonymous to Best in Class Spend Analysis Programs. Successful adoption and value derived by early adopters of UNSPSC has generated a lot of interest in organizations that are planning to start or enhance their spend analysis initiatives.

To assess the FREE archived Web seminar and receive a free copy of the booklet "UNSPSC for Spend Analysis" click here.

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Web Site of Interest

This month's Web Site of Interest is: Material Handling Management.

This Web site is full of resources for supply management professionals. There's the Material Handling Management magazine (current and past issues) and its article archive. Other sections of this Web site includes products of the week reviews, daily material handling news, a resources section which includes an area for new products, case studies, white papers, an event calendar and a career center. Also on the Material Handling Management Web site you will find five different e-mail newsletters to which you can subscribe.

To access this Web site click here.

Please note: This external Internet address contains information created, published, maintained, or otherwise posted by institutions or organizations independent of ISM. Links from this Web site, or any other Web site(s) accessible from this Web site, to any product, entity, service, or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other Web site.

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Term of the Day

Today's ISM Term of the Day is: DATABASE.

Definition: A collection of data in an organized, accessible form.

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 ISM Glossary of Key Supply Management Terms.

ISM members can access the online Members Only ISM Glossary of Key Supply Management Terms which can be browsed alphabetically, or searched by keyword.

To access the online Glossary click here.

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

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Subscribe to Just in ETime Newsletter

The Just in ETime e-mail newsletter delivers ISM- and purchasing/supply-related news and updates directly to subscribers' desktops every other week. You'll receive breaking news, such as the ISM Report On Business®, information on upcoming seminars and programs, changes to certification rules/requirements, as well as Web sites of interest to supply/procurement professionals. And best of all — there's no charge to subscribe!

To subscribe to Just in ETime click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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