|In This Issue ...
- May Manufacturing ISM Report On Business®: PMI at 59.7% — Read more.
- Inside the Latest eSide Supply Management — Read more.
- Mark Your Calendars: 3rd Annual ISM Sustainability and Social Responsibility Conference — Read more.
- ISM Announces Recipients of Supply Management Scholarships — Read more.
- ISM and CIPS Cement Reciprocal Agreement — 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.
|May Manufacturing ISM Report On Business®: PMI at 59.7%
Economic activity in the manufacturing sector expanded in May for the 10th consecutive month, and the overall economy grew for the 13th 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 10th consecutive month during May. The rate of growth as indicated by the PMI is driven by continued strength in new orders and production. Employment continues to grow as manufacturers have added to payrolls for six consecutive months. The recovery continues to broaden as 16 of 18 industries report growth. There are a number of reports, particularly in the tech sector, of shortages of components; this is the result of excessive inventory de-stocking during the downturn."
To read the entire release, click here.
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|Inside the Latest eSide Supply Management
Check out the May/June 2010 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:
- When Big Isn't Always Best
In strategic sourcing circles, the best practice for choosing the right supplier is to use a weighted scorecard to comprehensively evaluate each bidder's proposal. True, that practice is a great one — when done correctly.
But, providing numerical scoring of predefined categories sometimes misses the more important question: Is this really the best supplier for your organization?
- Becoming a Sustainability Champion — From the Middle Up
You don't have to be at the executive level in your organization to get the ball rolling toward sustainability in your organization. In fact, according to Bob Willard, sustainability guru and author of The Sustainability Champion's Guidebook, sustainability champions often hold junior or middle-management positions.
- CPSM® Update: 3 Questions, 3 Answers
New in 2010, eSide offers 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.
- Doing Business in Mexico
For all Mexico's geographic proximity to the United States, the cultures of the two places are vastly different — and the business environment is no exception. So, before you travel south, be sure to study up on some basic professional etiquette.
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|Mark Your Calendars: 3rd Annual ISM Sustainability and Social Responsibility Conference
When: November 4-5, 2010
Where: Lake Buena Vista, Florida
This year's program covers the full range of social responsibility, from sustainability and environmental issues, to global licensing, ethics and logistics. Sessions will address issues in sourcing and emerging issues in law. Don't miss the panel discussion featuring industry thought leaders who have implemented sustainable and socially responsible processes into their organizations. Use their insight to build and improve your sustainability programs.
Who Should Attend
Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives. Supply management professionals might want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success. Corporate sustainability and social responsibility initiatives are holistic strategies that involve the entire organization, from the CEO to administrative support.
Institute for Supply Management™ Definitions
Sustainability: Sustainability is the ability to meet current needs without hindering the ability to meet the needs of future generations in terms of economic, environmental and social challenges.
Social Responsibility: Social responsibility is a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization and the community in the following areas: community, diversity and inclusiveness — supply base, diversity and inclusiveness — workforce, environment, ethics, financial responsibility, human rights, health and safety, and sustainability.
For conference information, the agenda, or to register, click here.
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|ISM Announces Recipients of Supply Management Scholarships
Seven students, representing six leading universities, are recipients of 2010 R. Gene Richter Scholarships awarded by the R. Gene and Nancy D. Richter Foundation and the ISM R. Gene Richter Scholarship Fund. Now in its seventh year, the R. Gene Richter Scholarship Program is the largest nationally recognized scholarship program in the field of supply chain management.
Winners were recognized April 25, 2010 at an awards dinner held during Institute for Supply Management™'s 95th Annual International Supply Management Conference and Educational Exhibit in San Diego. Supply management scholars honored at the R. Gene Richter Scholarship Awards Dinner include:
Richard Carelli — Carelli will enter his last semester at The Pennsylvania State University in the fall of 2010. A student in the Smeal College of Business, he is pursuing a degree in supply chain and information systems with a concentration in marketing. His academic achievements include membership in the Penn State Chapter of Golden Key International Honor Society and Beta Gamma Sigma International Business Honor Society. Carelli's leadership experiences outside of the classroom include involvement in the Smeal Innovation and Quality Team and the SAP Student Involvement Group. This past spring, Carelli held a six-month co-op rotation within the distribution department of the Sales and Logistics Company at Johnson & Johnson in Skillman, New Jersey. He will spend this summer in Boston as a supply network operations intern for Proctor & Gamble Co.
"Supply chain management offers me an opportunity to look into the future and think ahead of the curve as opposed to simply tracking and analyzing past activities," Carelli says.
Amanda Chalk — Chalk is entering her senior year at Michigan State University, where she is majoring in supply chain management in the Eli Broad College of Business. Her extracurricular activities include posts as a member and ambassador for the Supply Chain Management Association and Career Fair. She has participated in fundraising efforts that have benefitted organizations that include Make-A-Wish Foundation, American Diabetes Association and the American Cancer Society.
Chalk completed a six month co-op experience at Monsanto Company in December 2009. Midway through her co-op, Chalk was assigned to a US$15 million expansion project in Fargo, North Dakota as the lead buyer. "This exciting opportunity not only let me utilize my supply chain management skills taught to me at Michigan State University, but I also got to work with upper management and be part of a project team responsible for a massive project," Chalk says.
Chalk will spend the summer of 2010 studying abroad in Western Europe. She is looking forward to a career helping corporations utilize their supply chains even more efficiently and effectively.
Amy Hwang — Hwang attends Arizona State University's W. P. Carey School of Business, and is pursuing a bachelor of science in supply chain management and marketing and a minor in Chinese. She is a student in the Barrett Honors College. Her volunteer leadership roles include serving as a mentor for the Barack Obama Scholarship Mentoring Program, director of the W. P. Carey Executive Luncheon Series, vice president of administration for the W. P. Carey Business School Council and participant in Iota Xi Consulting, a student group that provides pro bono consulting services to local non-profit organizations.
Hwang's plans are for a career in the retail fashion industry, where she can help retail companies restructure their supply chain networks. "The retail fashion industry is characterized by short product life cycles, volatile and unpredictable demand, and immense product variety — an environment in which effective supply chain management practices are crucial for success," says Hwang. This summer, Hwang will be a procurement specialist intern at British Petroleum (BP) and is eager to observe firsthand how processes and policies of purchasing are applied in real-world situations.
Lisa Marie — Marie is entering her senior year at Duquesne University, where she is pursuing a bachelor's degree in the A.J. Palumbo School of Business Administration, with concentrations in supply chain management and information systems management. Marie has held consecutive internships with Westinghouse Electric Company in Pittsburgh. She is currently an intern for Global Growth and Innovation, Supply Chain, where she maps current Buying Center processes for future procedures and identifies areas for process improvement.
Marie is a member of the Duquesne Association for Information Technology and member of the Duquesne Supply Chain Council. She spent the spring 2009 semester abroad as a student at the National University of Ireland, Galway, and she is preparing for an internship in the summer of 2010 at Alcoa Inc. "At its core, supply chain involves a large amount of collaboration among a diverse group of people to work together and solve problems to achieve a common goal," Marie says.
Theresa Piazza — Piazza is entering her senior year at The Pennsylvania State University's Smeal College of Business. She is pursuing a bachelor's degree in supply chain and information systems, in addition to a BA in economics. Piazza completed a six-month co-op at Unilever Supply Chain in December 2009. In her second month as a customer support analyst, Piazza was promoted to handle all North America food and HPC liquidations and donations, an account with yearly revenues in excess of US$44 million.
"I synchronized movements between Unilever's 30 different distribution centers, Unilever's transportation department and the customer's receiving department," Piazza says. "It was my responsibility to manage the actions of the liquidation group remotely from Trumbull, Connecticut. While this was not a group in the traditional sense — being that not all members of my group were in the same location — I had to coordinate with each party to ensure liquidation order success. If one party was lacking, the entire system would fall apart."
Kandice Saum — Saum will enter her last semester at Bowling Green State University (BGSU) this fall. She is pursuing a bachelor's degree in business administration with a specialization in supply chain management. Saum has been a leader and mentor to fellow students — both in the role of a residence hall adviser as well as in her volunteer role as a computer consultant for BGSU's Office of Residential Life. Next month, Saum will complete an internship with Honda of America, Inc. in Marysville, Ohio, where she has managed projects focusing on the commercial side of capital equipment and construction; namely delivery, price, change orders and other issues that arise during contract formation and after installation and receipt of services and goods.
"Through both my classes and my internships, I have gained an appreciation for just what it means to be a supply chain professional — to always strive for excellence and integrity because your actions affect not only you and the company you work for, but also those in your firm's network of customers and suppliers," Saum says.
Mariel Webb — Webb will be entering her last semester at North Carolina State University, where she is pursuing a bachelor of science in business administration — supply chain, and a bachelor of arts in international studies — international relations. Currently, Webb is a work practicum student at Bank of America. Among her activities are benchmarking other companies' green initiatives for Bank of America, researching appropriate contract language for green stipulations and working as a member of a team to create conditions for Bank of America's suppliers. Webb has had two study-abroad experiences — the first was in 2008, in Florence, Italy, and the second was in 2009, at Oxford University in England.
"Supply chain incorporates many aspects of business such as procurement, logistics, relations with suppliers, inventory management, etc.," Webb says. "Supply chain also allows me to incorporate outside knowledge from my time spent in international studies such as government regulation, political issues and my passion for environmental causes."
The R. Gene Richter Scholarship Program was established and named in memory of R. Gene Richter, who was a galvanizing force in the field of procurement. Richter is admired for elevating the profession to world-class stature. He led the supply organizations at The Black & Decker Corporation, Hewlett-Packard and International Business Machines (IBM). To date, a total of 46 scholarships have been granted to individuals seeking education in supply management, supply chain management or procurement. For a third year, the number of scholarships awarded was expanded as a result of the Richter Foundation's partnership with Institute for Supply Management™. The R. Gene and Nancy D. Richter Foundation identifies the future leaders of supply chain management.
For information on the R. Gene Richter Scholarship Program, click here.
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|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 about the reciprocity initiative, click here.
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|Web Site of Interest
This month's Web Site of Interest is Green Suppliers Network:
The Green Suppliers Network works with large manufacturers to engage their suppliers in low-cost technical reviews to identify strategies for improving process lines and using materials more efficiently. The Lean and Clean Advantage targets and eliminates the root causes of waste for a stronger bottom line.
Working in collaboration with the U.S. Department of Commerce (DoC), the U.S. Environmental Protection Agency (EPA) established the Green Suppliers Network to help small and medium-sized manufacturers stay competitive and profitable while reducing their impact on the environment.
To access Green Suppliers Network, 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: NATIONAL ASSOCIATION OF EDUCATIONAL PROCUREMENT.
Definition: Professional association established in 1921 to serve purchasers working in colleges, universities and nonprofit health organizations.
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, and 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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