Tuesday, December 1, 2009
   


Ariba

ISM-ADR School for Supply Management

ISM's Hispanic Supply Management Summit

ISM's 95th Annual International Supply Management Conference

The ISM and NBTA Summit on Travel, Meetings & Supply Management

In This Issue ...
  • November Manufacturing ISM Report On Business®: PMI at 53.6% — Read more.
  • Inside the Latest eSide Supply Management — Read more.
  • No-Cost Webinar December 10: Containing Costs at the Container Store — A Lesson in Smarter Spending — Read more.
  • "Best Practices in Supply Management Professional Development" — Free Web Seminar January 13 — Read more.
  • Learn Services Procurement Strategies for Today's Tough Economy — Read more.
  • The ISM and NBTA Summit on Travel, Meetings & Supply Management — 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.


November Manufacturing ISM Report On Business®: PMI at 53.6%

Economic activity in the manufacturing sector expanded in November for the fourth consecutive month, and the overall economy grew for the seventh 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, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "The manufacturing sector grew for the fourth consecutive month in November. While the rate of growth slowed when compared to October, the signs are still encouraging for continuing growth as both new orders and production are still at very positive levels, and the Prices Index fell 10 points, signaling less inflationary pressure on manufacturers' costs. Overall, the recovery in manufacturing is continuing, but many are still struggling based on their comments."

To read the entire release, click here.

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Inside the Latest eSide Supply Management

Check out the November/December 2009 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:

  • Assess Negotiation Outcomes Using the Subjective Value Inventory
    Who won? Given our competitive human nature and personal need for achievement, it's easy to understand why the question comes up — but how, exactly, does a negotiator answer this question in actual practice?

  • CPSM® Update: The Diagnostic Practice Exam Goes Online
    In August, Institute for Supply Management™ released its much-anticipated CPSM® Diagnostic Practice Exam (Web version) to help candidates focus their study efforts — right from their computers. The Web-based CPSM® Diagnostic Practice Exam was designed to more closely simulate the test-taking environment.

    Here are some common questions — and answers — from supply management professionals considering adding the CPSM® Diagnostic Practice Exam (Web version) to their study regimen.

  • The Top 5 Supply Management Programs in America
    This summer, AMR Research set out to identify which U.S.-based supply management university programs are doing the best job preparing students for increasingly global, integrated real-world supply management roles.

    David Aquino and Bob Kraus, authors of Leading U.S. Supply Chain Programs, 2009, surveyed 126 companies and 19 universities to determine how well U.S. universities are teaching 11 key components, or "talent attribute stations," necessary for supply management graduates today.

To access past editions of eSide, click here.

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No-Cost Webinar December 10: Containing Costs at the Container Store — A Lesson in Smarter Spending

Date: Thursday, December 10, 2009
Time: 2 p.m. EST / 11 a.m. PST
Sponsors: ISM and Coupa
Length: 60 minutes
Cost: Free

Let's face it — 2010 will be tough. Expect:

  • $3-per-gallon gas to be the new norm
  • Consumers to continue to cut back, saying goodbye to $4 cups of coffee and nightly take-out
  • Companies to respond to declining sales and thinning profit margins with continued hiring and budget freezes
  • That, despite all the economic changes challenges, you will be asked deliver 10 percent more savings with 10 percent less resources.

The businesses that will end up on top are ones that can contain their cost structure and embrace next-generation procurement as the foundation for complete spend control and savings management.

The Container Store: Putting a Lid on Supply Management Costs

From purchasing processes to shipping, businesses must rely on efficiencies to keep costs low and productivity high. And for retailers like The Container Store — that are under intensive margin pressure — being able to efficiently manage the non-merchandise supply process using next-generation procurement has the potential to deliver game changing results.

During this live, one-hour Web event, you will have the opportunity to learn from purchasing and supply management practitioners and discover how The Container Store is:

  • Saving 36 hours a week that was previously wasted maintaining in-house inventory and manually shipping supply orders by integrating their supply management process with warehouse management and supplier systems.
  • Giving managers a reality check of just how much they are spending by stockpiling and over-ordering supplies by exposing end costs to inventory managers.
  • Accurately charging supply costs to individual stores based on supply us, not just by arbitrary measures such as percent of sales volume.
  • Delivering greater price discounts by creating a supply management machine that automates the req-to-pay process and allows purchasing to focus more on negotiating strategic contracts instead of pushing paper.

Featured Speakers:

  • Scott Jones
    Purchasing Manager
    The Container Store

  • Mike Morrow
    Purchasing Agent
    The Container Store

  • Jason Hekl
    Vice President of Marketing
    Coupa Software

Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM.

Participation details are available online.

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"Best Practices in Supply Management Professional Development" — Free Web Seminar January 13

Date: Wednesday, January 13, 2010
Time: 11 a.m. EST/8 a.m. PST
Host: The ISM-ADR School for Supply Management
Length: 60 minutes
Cost: Free

When you register for this January 13 Web seminar, you'll get the ISM-ADR School for Supply Management's new, no-cost whitepaper, Best Practices in Supply Management Professional Development: Don't Train—Make an Investment and Expect a Return. The whitepaper focuses on the differences between ad hoc training and professional development, highlighting the investment rewards for professional development programs for key employees.

Supply management teams need to apply the same strategic approaches and discipline to their professional development as they do to the purchasing categories they manage. Unfortunately, many companies approach professional development as an ad hoc string of training courses. Employees may learn new skills, but without support, it is difficult to put those new skills to use.

A better approach is to target employee needs and provide a professional development program wherein learning experiences are put to use by providing long-term mentoring, coaching and monitoring progress.

Join Bill Michel and other members of the ISM-ADR School for Supply Management to discover why training may be considered an expense, but professional development is an investment with high returns and measurable results. You will learn:

  • How "training" and "professional development" differ
  • Elements of a professional development program
  • The importance of a personal development plan (PDP)
  • How to embed new skills into the workplace
  • The ins and outs of measuring your return on investment.

Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM.

Participation details are available online.

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Learn Services Procurement Strategies for Today's Tough Economy

What: 10th Annual ISM Services Conference
When: December 3-4, 2009
Where: Pointe Hilton Tapatio Cliffs Resort (Phoenix, Arizona)

The 10th Annual ISM Services Conference offers lessons learned over the last decade, and real-world accomplishments from some of the world's most visible and successful organizations. During the two-day Conference, the following breakout sessions will be offered:

  • Practical Ways to Select and Manage Service Suppliers in a Challenging Economy
  • Putting Service Back into Services Procurement!
  • Developing an Effective Strategic Procurement Plan
  • Developing a Well-Defined Program to Manage Contingent Workers
  • Six Sigma Applications in the Indirect Sourcing Process
  • Academy Award Performances: Big Screen Lessons for Supply Chain Professionals
  • Reviewing the Contract: What to Look For in the Terms and Conditions
  • Outsourcing: When, Why and How to Manage
  • High-Quality Service Delivery: Collaboration — The Ultimate KPI
  • End-to-End Supplier Management in a Telecom Environment
  • A Practical Guide to Agency Compensation Assessment and Benchmarking
  • Procurement's Value in the Midst of Mergers & Acquisitions

All sessions will take place at the Pointe Hilton Tapatio Cliffs Resort, 11111 N. 7th St., Phoenix, AZ 85020. For reservations, call (602)866-7500. Be sure to mention ISM to receive the special room rate of $169 Single/Double. The ISM rate is offered until November 8, 2009. Rooms sell out quickly, so be sure to reserve your room early.

For conference information, to view the agenda or to register, click here.

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The ISM and NBTA Summit on Travel, Meetings & Supply Management

When: January 27-28, 2010
Where: Tampa, Florida

Whether you're challenged to increase services without an increase in your budget or your budget was cut, you need to maximize your 2010 travel and meeting spend. Gain expert insights from both procurement and travel management professionals.

The Summit is a dialogue between high-level travel and procurement professionals. It's a unique forum for travel and meetings managers and those in procurement with supervisory oversight of travel and meetings to collaborate and share insights.

Explore how to maximize your 2010 travel and meetings spend at this high-level, two-day summit. Highlighted sessions include:

  • The View from the Top
  • The Sacred Cows Go Home
  • Economic Outlook
  • The Future of Work
  • The Art of the Deal
  • The Metrics of Value
  • The Right Model

Register on or before December 18, 2009 for $895. After December 19, 2009, registration costs $995.

For conference information, to view the agenda or to register, click here.

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Web Site of Interest

This month's Web Site of Interest is International Federation of Purchasing and Supply Management (IFPSM):

International Federation of Purchasing and Supply Management (IFPSM) unites 43 national and regional purchasing associations worldwide. Within this circle, about 200,000 purchasing professionals can be reached. Visit IFPSM's Web site to view the group's mission, strategic goals, code of ethics, officers, affiliations and activities.

To access IFPSM, click here.

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these Web sites, or any other Web site(s) accessible from these Web sites, 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: PORTER'S FIVE FORCES.

Definition: A model used by Porter (1980) to describe competition. The five forces are: the extent and intensity of direct competition; the threat of entrants; the threat of substitute products and services; the power of buyers; and the power of suppliers.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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