--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Wednesday, April 21, 2010
   


Zycus - Experience Tour 2010

ISM's 95th Annual International Supply Management Conference

I Am A CPSM

ISM Knowledge Center Specials

In This Issue ...
  • This Month in Inside Supply Management® Magazine — Read more.
  • It's Time to Re-Subscribe to Just in ETime! — Read more.
  • ISM Names 2010 Richter Award Winner — Read more.
  • ISM and CIPS Cement Reciprocal Agreement — Read more.
  • Discover New Strategies in Hospitality Supply Management — Read more.
  • On-site CPSM® Exam Review and Testing — Read more.
  • Calendar of Events for May — Read more.
  • Term of the Day — 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 April 2010 issue is full of useful information, including the following articles:

To access the complete April 2010 issue of Inside Supply Management® magazine, click here.

Back to Top


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 Monday, May 3, 2010. Just click here to continue receiving this e-newsletter.

To manage your e-mail preferences:

  • First log into the ISM Web site using your username and password.
  • If you have never created a profile/account on the ISM Web site — or if you don't remember if you have an account — click "Log In" in the upper right-hand corner of the ISM Home Page.
  • Under "Log In," you will find a "Did you forget your username and password?" link. Click that link, and enter your e-mail address. (If you have more than one e-mail address, try each one.)
  • If you do have an account, the ISM system will e-mail you your username and password.
  • If, however, the system tells you the e-mail address was not found in our records, you will want to create a new account. Do this by clicking the "My Account" tab in the upper right-hand corner of the ISM Web site, followed by "Create New Account."
  • Once you've created your new account, proceed to the "Manage Newsletters" link, which is also found under the "My Account button" tab.
  • Finally, select Just in ETime from the list of available newsletters.

Back to Top


ISM Names 2010 Richter Award Winner!

Institute for Supply Management™ (ISM) announces the 2010 winner of the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management. LG Electronics, Inc. (LGE) has emerged from among 12 finalists as the sole winner. Winners of the Richter Awards program, now in its fifth year, have ranged in number each year from one to six. Finalists were announced in March 2010.

LGE submitted its winning entry in the Organization/Structure category, one of five categories in the 2010 competition. With 2009 global sales of 55.5 trillion Korean won (US$43.4 billion), LGE is comprised of five business units — Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. The main focus of the award-winning project was an initiative to reinvent LGE's global procurement organization from a highly decentralized sourcing system to a strong, center-led supply management organization.

At ISM's 95th Annual International Supply Management Conference and Educational Exhibit in San Diego, April 25-28, 2010, members of LGE's supply management group will share first-hand how they revolutionized their organization's operations. Workshop session FJ will be hosted by this year's ISM R. Gene Richter Award winner on Tuesday, April 27, 2010.

Named after supply management leader and innovator R. Gene Richter, the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management were established to recognize innovative supply organizations of all sizes and geographic locations that through strong leadership have dramatically increased their contribution to organizational success. Winners join an esteemed group of innovators, representing a variety of organizations including: Alltel Communications Inc. LLC; BP p.l.c.; DaimlerChrysler; Fluor-Hanford; HP, Johnson & Johnson; KLA-Tencor, KPN Energy Management; Lockheed Aeronautics Company, Masco Corporation; Rockwell Collins and United States Postal Service.

Sponsors for the 5th Annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management are:

Gold — A.T. Kearney Procurement & Analytic Solutions; HP
Silver — ADR International; Bank of America; BP; Connolly; eclaro International; LG Electronics, Inc.; McKinsey & Company; Tyco International
Bronze — The Anklesaria Group; IQNavigator

The sixth annual ISM R. Gene Richter Awards for Excellence in Supply Management call for entries will open July 1, 2010. For more information, click here.

Back to Top


ISM and CIPS Cement Reciprocal Agreement

The world's two largest and leading purchasing and supply management organizations are joining forces to offer professional credentials in North America and the United Kingdom. A new agreement between Institute for Supply Management™ (ISM) and The Chartered Institute of Purchasing & Supply (CIPS) sets forth reciprocity between the two organizations allowing professionals to apply for the respective professional credentials.

Both ISM and CIPS are individual membership organizations which between them have more than 150,000 members and individuals holding their professional credentials. The new agreement will allow CIPS members in the U.K. holding the MCIPS designation to apply for and receive the CPSM® credential from ISM. Similar reciprocal conditions are also in place that provide pathways for professionals in North America holding the CPSM® credential to apply for and receive the MCIPS designation from CIPS.

"Reciprocity around professional credentials creates immediate benefits to both our organizations' members," says ISM CEO Paul Novak, CPSM, C.P.M. "Professionals working toward a professional designation have increased opportunities and greater access to two world-renowned credentials."

David Noble, CEO, CIPS said: "This is a major step forward for the procurement profession as we continue to see an increasing demand from global organizations for procurement professionals highly qualified to a common standard across their operations. This agreement will allow members of both CIPS and ISM to have transportable professional recognition in the U.K. and North America, and will serve to further enhance the profession's standing and credibility as a truly international discipline."

This initiative will provide a platform for future development of a universally recognized international standard in purchasing and supply management, supporting the continued promotion of global recognition for the profession.

Both CPSM® and MCIPS enjoy high regard among professionals in the public and private sectors across the globe. Both institutes are leading members of the International Federation of Purchasing and Supply Management (IFPSM), a union of 43 national and regional purchasing associations worldwide.

For more information, click here.

Back to Top


Discover New Strategies in Hospitality Supply Management

Hospitality Supply Management, an Institute for Supply Management™ (ISM) Forum, presents the 2010 Hospitality Supply Management Conference, May 19-21, 2010 in Downtown Chicago. The program features a wide variety of session topics specifically geared toward the supply management professional in the hospitality industry. Come prepared to learn about:

  • Taking Responsibility for Food Safety in the Produce Industry
  • Detecting and Preventing Supply Disruptions to Your Business
  • Lean Supply Management: How to Do More With Less
  • Using Collaborative Technology to Combat Costs
  • Best Practices for Purchasing Energy in Deregulated Energy Markets
  • Economic Outlook

"We invite supply management professionals in all segments of the hospitality sector to attend," says HSM Forum Chair Don Miller, C.P.M., CFPM. "Year after year, this event delivers relevant, updated content as well as networking opportunities that give our attendees unmatched opportunities to exchange best practices and explore new ideas."

Registration fee is $795 (USD) for ISM members and $995 (USD) for nonmembers. 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 480/752-6276, option 8.

To view the agenda, or to register, click here.

Back to Top


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.

Back to Top


Calendar of Events for May

Back to Top


Term of the Day

Today's ISM Term of the Day is: NONCOMPETITIVE BIDDING.

Definition: A method for selecting sources for contract awards that allows the buying organization to limit the number of potential bidders under certain conditions; e.g., urgency, sole source, dollar limit, statutory requirement. Some types of noncompetitive bidding are unethical and/or illegal, such as collusive or other types of anticompetitive bidding. Noncompetitive bidding is a term more common in the public sector than the private sector.

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.

Back to Top


Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

Back to Top