|In This Issue ...
- March Manufacturing ISM Report On Business®: PMI at 59.6% — Read more.
- It's Time to Re-Subscribe to Just in ETime! — Read more.
- Inside the Latest eSide Supply Management" — Read more.
- Webinar: Two Leading CPOs Share Their Top 5 Strategies for Profitable Supplier Relationships — Read more.
- Seize the Advantage — Register for Hospitality Supply Management Conference — Read more.
- First Cohort Graduates, Celebrates ISM Approved Master's — Read more.
- ISM's Solution to Improving Your Talent Management Strategy — The 2010 Conference Career Centernbsp;— 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.
|March Manufacturing ISM Report On Business®: PMI at 59.6%
Economic activity in the manufacturing sector expanded in March for the eighth consecutive month, and the overall economy grew for the 11th 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 eighth consecutive month during March. The rate of growth as indicated by the PMI is the fastest since July 2004. Both new orders and production rose above 60 percent this month, closing the first quarter with significant momentum going forward. Although the Employment Index decreased 1 percentage point to 55.1 percent from February's reading of 56.1 percent, signs for employment in the sector continue to improve as the index registered a 10 percent month-over-month improvement, indicating that manufacturers are continuing to fill vacancies. The Inventories Index provided a surprise as it indicated growth for the first time following 46 months of liquidation — perhaps signaling manufacturers' willingness to increase inventories based on expected levels of activity."
To read the entire release, click here.
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|It's Time to Re-Subscribe to Just in ETime!
To ensure you keep receiving Just in ETime, take a moment to re-subscribe by Friday, April 2, 2010. Just click here to continue receiving this e-newsletter.
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|Inside the Latest eSide Supply Management
Check out the January/February 2009 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:
- Game Planning for a Face-to-Face Negotiation
Unless you want all your hard work to go to waste, you need to chart a course for a negotiation. Now is the time to start organizing a plan using all the information, knowledge and tools you've developed.
- The Future of Supply Chain Management
Outsourcing, offshoring and further divisions in labor will continue to be the norm. So, what are the implications for future supply management leaders?
- CPSM® Update: 3 Questions, 3 Answers
New in 2010, eSide will offer three sample questions — and answers — from the CPSM® Diagnostic Practice Exam to help you prepare to pursue your CPSM® certification. First, answer all three questions; then, scroll down to the "3 Answers" section to find out how you fared.
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|Webinar: Two Leading CPOs Share Their Top 5 Strategies for Profitable Supplier Relationships
Date: Thursday, April 15, 2010
Time: 1 p.m. EDT / 10 a.m. PDT
Length: 60 Minutes
Supplier management is more than a scorecard — it's a strategy. Best-in-class procurement organizations realize this. They know that having an accurate and complete supplier picture, from on-boarding to contract execution, is essential to increasing performance, reducing risk and realizing sustainable savings. They understand that suppliers — with their strong domain expertise — can be their best source of innovation.
But, how do these leading organizations determine the right suppliers to partner with? How do they segment their supplier base? What communication best practices do they employ?
Join us for an interactive conversation with two procurement leaders: CPOs from Wolters Kluwer and Con-Way. Each will share their top five recommendations to identify and deepen the right supplier relationships while mitigating a myriad of supplier and procurement risks.
Attendees will learn:
- Why a 360-degree view is essential to increased performance and reduced risk
- Key components of effective supplier relationship and performance management
- Proven frameworks for supplier management segmentation
- Strategies to balance cost reduction with supplier innovation
- How proactive management of supplier contracts drives bottom-line results
- Stephen D. Nied
Vice President, Strategic Sourcing and Operational Excellence
- Mitch Plaat
Vice President, Procurement (Chief Procurement Officer)
- Sean Correll
Director, Consulting Services
Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM.
*Effective April 1, 2010, all ISM Web Seminar registrants will be required to register individually for each online event in order to receive CEH credit. Those wishing to view presentations with a group, must register individually and also provide the registrant's (Group Leader) email address under which you will be viewing the event.
Register online now!
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|Seize the Advantage — Register for Hospitality Supply Management Conference
Continuity of supply is more critical than ever. Find out about this and other current trends from peers, industry leaders and suppliers at the Hospitality Supply Management Conference, May 19-21, 2010, in Chicago. Presented by Hospitality Supply Management, an Institute for Supply Management™ (ISM) Forum, the program features seven sessions, networking and a supplier showcase guaranteed to arm attendees with solutions for bringing more value to their organizations.
Detecting and Preventing Supply Disruptions to Your Business
Foster Finley, managing director, AlixPartners, LLP, will explore ways to minimize disruptions by reviewing 1) practical approaches to identify the most critical suppliers, 2) effective techniques to assess suppliers' relative financial risk and 3) effective remediation approaches.
Lean Supply Management: How to Do More With Less
Humberto Villagomez, captain of clear sailing (vice president, operations), Two Chefs On A Roll, will explore the drivers and principles of lean supply management and how to implement a lean program.
Best Practices for Purchasing Energy in Deregulated Markets
Understand how volatile market risk can affect your budget. Learn why it is so important to understand, evaluate and communicate risk within your organization.
Economist Bill Lapp returns with his popular economic update. Lapp offers views on what to expect in the coming year — with insights into major commodities and the general economy.
Listen to best practices and hear perspectives from leading organizations and companies, including Hilton Hotels Corporation, Produce Marketing Association, iTradeNetwork, Inc. and Advantage IQ, Inc.
Registration fee is $595 (USD) for ISM members and $795 (USD) for nonmembers registering before April 19, 2010. After April 19, 2010, add $200 (USD) to the registration fee. Student Member fee is $250 (USD). Team discounts and guest/spouse packages are available. To register by phone, contact ISM Customer Service at 800/888-6276, or +1 480/752-6276, option 8.
Complete agenda and online registration available.
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|First Cohort Graduates, Celebrates ISM Approved Master's
Eleven supply management professionals are the first to complete the ISM Approved Master of Science in Supply Chain Management (MS-SCM), granted by the University of San Diego (USD) School of Business Administration. Graduating students delivered project presentations, showing significant cost savings and process improvements, on March 18-19, 2010, followed by a graduation ceremony on March 20, 2010, held at USD's Douglas F. Manchester Executive Conference Center. Graduates come from the following companies: Biogen Idec; The Boeing Company; Milestone IT Solutions, Inc.; ModusLink Global Solutions, Inc.; Northrop Grumman Corporation; Salt River Project; United Launch Alliance, LLC.; and WD-40 Company.
The ISM Approved MS-SCM program combines state-of-the-art online learning with face-to-face instruction over 26 months. Students spend 11 days each year on the USD campus working intensively with faculty and their co-learners. The March 2010 graduates embarked on their studies in February 2008, as part of a larger cohort that began a two-phase program.
"These graduates are in a class by themselves, as the first students in the first graduate-level program to receive ISM approval," says ISM CEO Paul Novak, CPSM, C.P.M., A.P.P. "The interdisciplinary nature of the specialized master's degree rewards professionals for their commitment to lifelong learning and allows them to forge strong professional networks — both of which are major components to career success and advancement."
MS-SCM Program Director and Professor Simon Croom, Ph.D., underlies the value of the program to companies. "Throughout the program, our graduates develop the capabilities that help their firms to reduce costs, bring products to market more quickly and develop new systems to compete successfully in today's global economy," Croom says.
Students have the option to complete Phase I of the program, achieving a Graduate Certificate in Supply Chain Management. Most students chose to matriculate into Phase II to complete the ISM Approved MS-SCM. The 17th cohort of the ISM Approved program began on USD's campus earlier this month. The next group will begin September 15, 2010.
The ISM Approved MS-SCM is the only U.S. degree that is accredited by the Chartered Institute for Purchasing and Supply (CIPS).
Enrollment requirements for the MS-SCM can be found on the University of San Diego School of Business Administration Web site, click here.
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|ISM's Solution to Improving Your Talent Management Strategy — The 2010 Conference Career Center
Take part in this year's Conference Career Center during the 95th Annual International Supply Management Conference and Educational Exhibit, April 25-28, 2010 in San Diego.
Employers: How Does It Work?
ISM offers all Conference participants the opportunity to submit their résumés for consideration. Participating employers will have the opportunity to review submitted résumés and meet with top candidates during the Conference.
The ISM Conference hosts more than 2,000 supply management professionals each year. Global attendees are from both the manufacturing and non-manufacturing sectors:
- 90 percent of attendees have three or more years of experience in the supply profession.
- 25 percent of attendees have at least one professional credential.
- 50 percent of attendees have a bachelor's degree and/or some graduate school experience.
- 29 percent of ISM members have a graduate degree.
What You Receive as a Participating Employer
- Review résumés in a special online database designated for the event prior to and after the Conference.
- List job postings, company profile and link to your organization's Web site on the Conference Career Center portion of the Web site.
- Prescreen your candidates by phone and schedule onsite interviews at the Conference.
- Interview walk-in attendees.
- Your own private interviewing room.
- Lunch daily for up to two recruiters.
- 10'x10' interviewing space, draped table and two chairs.
- Access to the Conference Career Center Cyber Café.
Employer Participation Fee
The employer participation fee for the 2010 Conference Career Center is $2,150. To participate in the 2010 Conference Career Center, please contact Toni Caserta, Manager - Professional Development Services, at 480-752-6276, extension 3095 or via e-mail.
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|Web Site of Interest
This month's Web Site of Interest is Procurement Insights:
Procurement Insights creator Jon Hansen hosts "The PI Window on Business Show" on Blog Talk Radio. Updated a few times a week and filled with helpful links and videos, Hansen's syndicated monthly readership has grown to more than 300,000 worldwide. Additionally, he has written hundreds of articles and papers on the subject of supply chain management.
To access Procurement Insights, 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: OPEN-TO-BUY.
Definition: An aggregate inventory control technique in which authorizations to purchase are made without commitment to specific suppliers. These are often stated as commodity in dollars by time period.
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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