Wednesday, December 16, 2009

Aberdeen Group Benchmark Report

3rd Annual Hispanic Supply Management Summit (HSMS)

ISM's 95th Annual International Supply Management Conference

ISM and NBTA Summit on Travel & Meetings

In This Issue ...
  • This Month in Inside Supply Management® Magazine — Read more.
  • "Best Practices in Supply Management Professional Development" — Free Web Seminar January 13 — Read more.
  • 20th Annual NARTS on Purchasing and Supply Chain Management Scheduled for March 2010 — Read more.
  • The ISM and NBTA Summit on Travel, Meetings & Supply Management — Read more.
  • Save the Date for Upcoming Summits — Read more.
  • On-site CPSM® Exam Review and Testing — Read more.
  • Calendar of Events for January — 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.

This Month in Inside Supply Management® Magazine

Have you checked out the latest issue of Inside Supply Management magazine? The December 2009 issue is full of useful information, including the following articles:

  • Getting Smart at Business Intelligence
    Organizations have a wealth of information flowing through their data streams, but how that asset is collected, processed and analyzed determines its value to the enterprise.

  • Recovering From Economic and Financial Crisis
    While the U.S. financial crisis and the government's responses generated extraordinary costs, organizations can expect moderate and sustainable recovery in 2010.

  • Crashing the Legal Department
    Working with their organization's general counsel, supply management professionals can provide strategic cost advantages on the legal side of the house.

  • Green Ideals as Fiscal Policies
    Higher education offers a compelling peek into the role supply management organizations will play in the move to make sustainable business "business as usual."

To access the complete December 2009 issue of Inside Supply Management® magazine, click here.

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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.

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20th Annual NARTS on Purchasing and Supply Chain Management Scheduled for March 2010

When: March 11-12, 2010
Where: Embassy Suites Phoenix-Tempe in Tempe, Arizona
Sponsors: Institute for Supply Management™ (ISM), Educational Resources Committee, CAPS Research, and the Purchasing Management Association of Canada (PMAC)
Cost: US$295

20th Annual North American Research and Teaching Symposium (NARTS) on Purchasing and Supply Chain Management features an inventive mix of presenters, from business and academia, creating opportunities to explore the application of theoretical research to create business solutions. Symposium highlights include the presentation of research papers which focus on current and ongoing research, emerging trends, research methodologies and business research needs.

Selected through a rigorous review process which looks at both an organizational and academic view, this year's event covers the best new ideas and best practices in:

  • Strategic sourcing
  • Global issues
  • Journal editors panel
  • Educational programs and models
  • Human resources
  • Social responsibility
  • Supply chain/management
  • Supply chain models
  • Outsourcing
  • Supplier issues.

This program offers a unique opportunity to network with your colleagues within an atmosphere of constructive discussion and insightful exchange. You will also earn 12.5 Continuing Education Hours (CEHs) for your attendance.

For more information, call ISM Customer Service at 800/888-6276 or 480/752-6276, option 8, or log on to the ISM Web site for conference and registration information: 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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Save the Date for Upcoming Summits

Do you have a passion for supply management and value diversity and innovation? ISM helps you fuel the recovery at one of our diversity summits – Black Executive Supply Management Summit, Hispanic Supply Management Summit or Women Executive Supply Management Summit — in San Diego, California in February.

Choose the program that resonates with you, or your organization's goals, for learning, sharing, mentoring and building your professional network. Attendees have access to sessions in all three programs, as space permits, for additional learning and networking opportunities. All summits will take place at the Omni San Diego Hotel.

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On-site CPSM® Exam Review and Testing

Get a group of your members certified for the CPSM® at your affiliate's location (minimum number required). On-site exam review and testing gives you control of the schedule while you reduce test anxiety and increase networking opportunities among your members.

You choose if you want to offer your members on-site exam review, on-site testing or both. Both computer-based testing and paper-and-pencil testing is available — you decide the best option.

Schedule your on-site exam review or testing now with Kathy Braase or Trish True by calling 800/888-6276 or +1 480/752-6276, extension 3061 or 3086.

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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: RETURN ON EQUITY.

Definition: A profitability ratio used to determine an organization's ability to turn operating income into an after-tax income that eventually can be claimed by the firm's shareholders. ROE is calculated by dividing the net income by total equity.

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