|In This Issue ...
- September Manufacturing ISM Report On Business®: PMI at 43.5% Read more.
- The CPSM® Goes International Read more.
- CPSM® Train-the-Trainer Course Scheduled for December Read more.
- This Month: Driving Savings and Compliance in Tough Economic Times — A Free ISM Webinar Read more.
- ISM-NBTA Summit on Travel & Meetings Read more.
- Web Site of Interest Read more.
- Term of the Day Read more.
- It's Easy to Subscribe to the Just in ETime Newsletter Read more.
- Contact Us Read more.
|September Manufacturing ISM Report On Business®: PMI at 43.5%
Economic activity in the manufacturing sector failed to grow in September, while the overall economy grew for the 83rd 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. "The PMI indicates a significantly faster rate of decline in manufacturing during September, marking a departure from the 2008 trend toward negligible growth or contraction each month. This is the lowest level for the PMI since October 2001. This month's report is showing prices rising at a much slower rate, as the Prices Index fell to the lowest level in 21 months. Export orders continued to increase, but at a slower rate than in August."
To read the entire release click here.
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|The CPSM® Goes International
Eduardo Shelley with Oracle de Mexico is the first person outside the United States to earn the coveted qualification.
Last month, the Institute for Supply Management™ proudly announced Eduardo Shelley of Oracle de Mexico as the first international Certified Professional in Supply Management (CPSM®) recipient.
Shelley is currently responsible for Oracle's manufacturing industry in Mexico and its automotive industry in Latin America; however, he has made continuous learning and teaching in the supply management profession a priority for the past 20 years.
Having led multimillion-dollar projects in the automotive, steel and high-tech industries since 1984, his career encompasses five management and executive positions within seven organizations, including IBM, Hewlett-Packard, Siemens and Ingersoll-Rand. Shelley has also taught supply management training classes in Mexico City and Monterrey, Mexico for many years.
Shelley says this breadth of professional experience was instrumental as he took — and passed — all three CPSM® Exams as a pilot participant through ISM's Mexican affiliate, Asociación de Profesionales en Compras, Abastecimiento y Logística, A.C., or APROCAL. "Being the pilot exams, there was not much time available or people to consult," he recalls. "So, I focused on the concepts that were new to me."
Why the CPSM®, and Why Now?
For Shelley, obtaining a CPSM® qualification was important on a personal, professional and cultural level. "I strongly believe that education is the key for the progress of any country, and that is especially true now for Mexico," he says. "We're seeing a lot of companies moving manufacturing facilities [here], like automotive OEMs and suppliers. The challenge is to overcome the maquiladora status and add more and more value to the products and processes."
Now that he has earned his CPSM®, Shelley offers two pieces of advice for his peers pursuing the esteemed qualification. "First, don't try to memorize the study guides — understand the concepts," he suggests. "Second, focus on the topics you don't know or have little practical experience with."
Shelley encourages others considering CPSM® qualification to take the first step. "Continuous learning is a necessity now, so preparing for the exams is a good way to update and increase our knowledge," he says. "The person who gets certified increases their employability, and the companies they work for can perform at a higher level through the use of the new concepts learned."
More information about the CPSM® program is available online: click here.
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|CPSM® Train-the-Trainer Course Scheduled for December
Get the tools you need to develop and teach CPSM® review courses. You will receive:
- Instructor Manual with teaching notes, case studies and sample exam questions;
- Access to PowerPoint slides;
- Participant Manual with permission to copy; and
- Your name listed on ISM's Web site as a CPSM® Review Instructor (must attend full program).
- December 2-3, 2008 — Phoenix
Most programs grant 14 CEHs for your participation. Please check the ISM Web site for the precise number of CEHs offered by selecting the link to the specific program in which you are interested, as shorter programs offer fewer CEHs.
Please note: The CPSM® Study Guide is a required text. Please be sure to bring your laptop computer.
For more information or to register, click here (scroll down to "CPSM® Train the Trainer").
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|This Month: Driving Savings and Compliance in Tough Economic Times — A Free ISM Webinar
Oct. 15, 2008
1 p.m. Eastern EDT, 10 a.m. Pacific PDT
Every organization, regardless of industry, is trying to manage the effects of the rapid changes on Wall Street and their reverberations throughout the economy. While the situation might look bleak, there are many proactive changes you can make within your procurement organization that will have a direct impact on the bottom line.
In this Web seminar, Aon's senior vice president of strategic procurement will share some of the best practice initiatives her organization is undertaking within procurement to drive savings and compliance. Executives from American Express will also share some industry trends and what companies are doing to automate within the source to settle process and systems to achieve more with less. You will learn to:
- Communicate with the right audience to achieve desired results.
- Determine ways to leverage management commitment to increase focus and success.
- Focus on suppliers at a global level in impacting procurement initiatives.
- Monitor compliance of expenses for delivering hard-dollar savings.
- Identify new payment solutions other companies are leveraging to manage working capital in a tight credit market.
Lisa A Rowe, Senior Vice President Strategic Procurement, Aon Corporation
Dennis Bauer, Vice President, American Express
This Web seminar qualifies for one CEH credit at ISM.
You will need a computer with Internet access and sound to participate in this event. This is a streaming-only Web seminar. You will not be required to have a phone connection to listen to this event.
After you register, our provider's system will recognize your PC when you return to attend. If you wish to attend the event on a different PC from which you registered, you will need to input the e-mail address that was included in your registration to log in.
For multiple people viewing the seminar on one PC, please print a copy of the CEH certificate for each participant and have the person who registered for the event — or the participants' manager(s) — sign the certificate in order that all participants receive CEH credit.
This free, one-hour, streaming-only Web event is hosted by ISM and sponsored by American Express. For full information and to register, click here.
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|ISM-NBTA Summit on Travel & Meetings
Travel & Meetings: Supply Management's Critical Role
January 27-28, 2009
Charlotte, North Carolina
The ISM-NBTA summit "Travel & Meetings: Supply Management's Critical Role" is an outstanding opportunity for experienced professionals with oversight responsibilities for business travel and meeting spend within supply management operations.
The conference will focus on the challenges associated with the complex task of managing travel and meetings — the largest category of indirect spend. Its goal is to facilitate strategic dialogue between professionals who directly oversee the travel and meetings management functions within their companies and those in the procurement organization who have direct supervision over those functional areas.
The ideal conference attendees are:
- Senior travel management professionals who report to their companies' procurement (supply management) operations;
- Senior meetings management professionals who report to their companies' procurement (supply management) operations; and
- Senior purchasing professionals to whom the travel and/or meetings functions report.
Whether you're a supply management professional or a travel or meetings management agent, a lot of knowledge can be gained from the views and suggested solutions of professionals on both sides of the spectrum.
Register online, click here.
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|Web Site of Interest
This month's Web Site of Interest is: Corporate Responsibility Officer (The CRO).
The leadership team at The CRO has more than 50 years of combined experience leading global business media organizations. In addition to The CRO Blog, this comprehensive Web site offers articles and various resources on business ethics, communications, compliance and government, environment, international, politics and legislation, social responsibility, socially responsible investing and more. The CSRWire news feed offers up-to-the-minute corporate responsibility reports and news. A free e-newsletter is also available.
To access Corporate Responsibility Officer (CRO) 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: KEPNER-TREGO RATIONAL PROCESS ANALYSIS.
Definition: Systematic procedures developed by Charles H. Kepner and Benjamin B. Trego to apply critical thinking to information, data and experience for the purpose of solving problems, making decisions, anticipating future problems and appraising situations.
A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day — seven 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 Glossary 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 online Glossary click here.
If you are not a member but would like membership information click here.
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|It's Easy to Subscribe to the Just in ETime Newsletter
The Just in ETime e-mail newsletter delivers ISM- and supply/procurement-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 ISM's certification programs, as well as Web sites of interest to supply/procurement professionals.
It's easy to subscribe to the Just in ETime newsletter, all you need is your e-mail address. Best of all — there's no charge to become a subscriber!
To subscribe to Just in ETime click here.
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