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In This Issue ...
  • This Month in Inside Supply Management® Magazine — Read more.
  • Deadline Extended — Re-Subscribe to Just in ETime! by July 16 — Read more.
  • May 26 Web Seminar: Strategic Meetings Management — Approaches for Success — Read more.
  • ISM Announces Korean as CPSM® Exam Option — Read more.
  • ISM's 2010-2011 Satellite Seminar Program Year — Read more.
  • Calendar of Events for June — 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 May 2010 issue is full of useful information, including the following articles:

  • Keeping Orangutans Out of the Supply Chain
    Sustainable supply chains require adaptable, responsible leaders to examine risks and ensure that the natural world remains balanced with business.

  • Realize Savings With a PIM
    With the use of a purchasing impact matrix, supply management can delegate noncore activities to focus on bottom-line strategies.

  • Strategic Procurement Interfaces
    Simply following market fluctuations isn't enough to maintain a competitive advantage. Employ three strategic interfaces to succeed.

  • Raising Supply Chain Standards
    Hewlett-Packard finds solutions to address environmental and social responsibility issues in its expansive global technology supply chain.

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

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Deadline Extended — Re-Subscribe to Just in ETime! by July 16

If you haven't done so already, you can ensure you keep receiving Just in ETime by taking a moment to re-subscribe by the extended deadline of Friday, July 16, 2010.

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.

If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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May 26 Web Seminar: Strategic Meetings Management — Approaches for Success

Date: Wednesday, May 26, 2010
Time: 1 p.m. EDT / 10 a.m. PDT
Price: No-cost
Length: 60 minutes
Host: ISM
Sponsor: Maxvantage

For many organizations, meetings represents one of the largest categories of unmanaged spend. Over the past two years, the "AIG effect" has drawn significant attention to this category and the need to apply policy and manage spend to mitigate risk — both from a reputation perspective, as well as a financial and contracting perspective.

Best-in-class Strategic Meetings Management Programs (SMMP) provide transparency, risk mitigation and cost reduction. The benefits of managing meetings are realized in the first year of SMMP implementation. What does it take to put a program in place? What are the keys to successful implementation and adoption?

Join us for an interactive conversation with two experts in the field: Lynn Ridzon, Director, Global Strategic Sourcing, Travel, Meetings & Events for Amgen and Dick Zeller, Vice President, Strategic Meetings Management for Maxvantage. Ridzon and Zeller will share their experiences and best practices to gain control over the meetings and events category.

Expect to learn:

  • The key elements and goals of strategic meetings management programs and why they are important
  • Best practices for program implementation and adoption
  • Benefits of managing this spend category including reduced risk, cost reduction and more.

Featured Speakers:

  • N. Lynn Ridzon, CTC
    Director, Global Strategic Sourcing, Travel, Meetings & Events
    Amgen, Inc.

  • Dick Zeller
    Vice President, Strategic Meetings Management

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

(Note: Effective April 1, 2010, all ISM Web Seminar registrants will be required to register individually for each online event they wish to attend to receive CEH credit. Those wishing to view presentations with a group, must register individually and also provide the registrant's (Group Leader) e-mail address under which you will be viewing the event — see the ISM Web Seminar Participation Details and Instruction online.)

To register, click here.

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ISM Announces Korean as CPSM® Exam Option

Institute for Supply Management™ (ISM) now offers Korean as a language choice for supply management professionals who are preparing to schedule and sit for Certified Professional in Supply Management® (CPSM®) Exams. The CPSM® surpasses the demands of the international marketplace with multifaceted skills in areas such as supplier relationship management, commodity management, risk and compliance issues, and social responsibility. ISM's Korean affiliate, ISM—Korea, Inc., and major employers in Korea are strong supporters of the CPSM® program.

"The Korean translation involved careful conversion of the English CPSM® Exam into the Korean CPSM® Exam," says ISM—Korea, Inc. President S.K. Ryou, CPSM, C.P.M. "Careful comparisons are made after the initial translation to ensure that the degree of difficulty is unchanged. Candidates will experience equally rigorous subject matter, regardless of which language they select for their computer-based examination." To assist students with preparation for the CSPM® Exams, the CPSM® Study Guide and ISM Professional Series are available online in Korean from ISM—Korea, Inc.

All CPSM® candidates register for the CPSM® Exam with ISM. Specific test dates may then be scheduled with Pearson VUE testing centers. When a candidate schedules their exam with Pearson VUE, he or she is given a choice of language options, which currently include English, Korean and Japanese. The registration begins a one-year window of time in which the candidates have to study, schedule and sit for their exams at any of Pearson VUE's worldwide testing locations. Exam registrations expire after one year from the date of purchase.

The CPSM® gives supply management professionals a career edge as well as demonstrates a level of knowledge needed to positively impact their organization's supply operation. For more information on the CPSM® designation and how it can benefit you and your employer, contact ISM Professional Credentials online.

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ISM's 2010-2011 Satellite Seminar Program Year

ISM's 2010-2011 satellite seminar program year will kick off with Enhancing and Managing Internal Relationships, scheduled for Thursday, September 30, 2010. This satellite seminar focuses on the skills and tools supply management can use to develop internal relationships, add value in the organization and achieve excellence.

Two additional satellite seminars are planned for early 2011:

  • Thursday, February 10, 2011 — Understanding and Embedding Risk Management Concepts Into Supply Practices
  • Thursday, April 28, 2011 — Legal and Contracting Insights for Today's Supply Professional

For each satellite seminar they attend, individuals earn four Continuing Educational Hours (CEHs) that can be used for CPSM or C.P.M. recertification.

Additional details on upcoming satellite seminars, as well as the DVD order form, are available in the Satellite Seminars — Upcoming Programs page on the ISM Web site. Select Education — Seminars, Conferences, then click on Satellite Seminars, Upcoming Programs.

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Calendar of Events for June

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Term of the Day

Today's ISM Term of the Day is: MASTER SCHEDULE.

Definition: The master schedule is a forward-looking plan for production or manufacturing. It includes a forecast over defined time periods (dates), plus customer orders, projected available balance, available-to-promise and the master production schedule. A master scheduler uses the forecast, production plan and other considerations such as backlog, availability of material, availability of capacity and management policies and goals to establish a master schedule.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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