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Wednesday, September 1, 2010
   


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In This Issue ...
  • August Manufacturing ISM Report On Business®: PMI at 56.3% — Read more.
  • Inside the Latest eSide Supply Management — Read more.
  • September 29 Webinar — SMM Data: Understanding and Optimizing Program Performance — Read more.
  • ISM to Offer Supplier Diversity Qualification — Read more.
  • New CAPS Research Survey Released — "SnapShots Benchmarking: Insurance Requirements and Certificates for Supplier" — 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.


August Manufacturing ISM Report On Business®: PMI at 56.3%

Economic activity in the manufacturing sector expanded in August for the 13th consecutive month, and the overall economy grew for the 16th 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. "Manufacturing activity continued at a very positive rate in August as the PMI rose slightly when compared to July. In terms of month-over-month improvement, the Production and Employment Indexes experienced the greatest gains, while new orders continued to grow but at a slightly slower rate. August represents the 13th consecutive month of growth in U.S. manufacturing."

To read the entire release, click here.

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Inside the Latest eSide Supply Management

Check out the July/August 2010 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:

  • Championing Environmental Supply Management Initiatives
    A May 2010 CAPS Research report examines the importance of influence tactics, company climate and individual values for gaining buy-in.

  • CPSM® Update: 3 Questions, 3 Answers
    New in 2010, eSide offers three sample questions — and answers — from the CPSM® Diagnostic Kit 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.

To find the entire July/August 2010 edition of eSide Supply Management, visit the ISM website.

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September 29 Webinar — SMM Data: Understanding and Optimizing Program Performance

Date: Wednesday, September 29, 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. With the emergence of the new normal, companies are increasingly focused on meetings management.

Best-in-class strategic meetings management programs (SMMPs) provide transparency, risk mitigation and cost reduction. Data from managed meetings programs are a key tool for understanding the effectiveness of spend, as well as identifying opportunities to improve mature programs.

How can your company benefit from managing meetings spend? What kind of data is collected in a managed program? How can you make the most of the data you collect? How can benchmark data be used to make improvements in mature SMMPs?

Join us for an interactive conversation with two experts in the field — Jill Reyes, Director of Implementation within the Shared Services organization for Maxvantage, and Stephen J. O'Malley, Senior Vice President and General Manager for Maxvantage — as they share their experiences and insights for making the most of a managed meetings program.

Attendees will:

  • Understand the value of a managed meetings program
  • Identify key areas for data collection and analysis
  • Understand and demonstrate the value of benchmarking data for program improvements
  • Explore emerging areas for meetings management.

Featured Speakers:

  • Jill Reyes
    Director of Implementation, Shared Services
    Maxvantage

  • Stephen J. O'Malley
    Senior Vice President and General Manager
    Maxvantage

Attendance of the live session of this Web seminar qualifies for one CEH credit at ISM. Register online.

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ISM to Offer Supplier Diversity Qualification

Institute for Supply Management™ (ISM) invites supply management professionals to take the next step in advancing their careers by obtaining the Certified Professional in Supplier Diversity™ (CPSD™) designation. ISM's newest designation is intended for supplier diversity professionals and supply management professionals who hold diversity responsibilities. Offering a supplier diversity designation is a significant way for ISM to demonstrate commitment to supplier diversity and to respond to ever-growing requests from the supplier diversity community. The CPSD™ will deliver added value to business leaders and other team leaders who have an interest in, or participate in the development of, diverse supplier initiatives within their organizations.

Requirements for the Certified Professional in Supplier Diversity™ are:

  • Candidates must successfully pass CPSM® Exam 1. This requirement is waived if the candidate holds a current Certified Purchasing Manager (C.P.M.) or Certified Professional in Supply Management® (CPSM®).

  • Candidates must successfully pass the CPSD™ Exam.

  • Candidates must demonstrate three years of professional supply management or supplier diversity experience (not necessarily full-time) with a bachelor's degree from a regionally accredited college or university, or five years of professional experience (not necessarily full-time) if they do not hold a bachelor's degree.

The full CPSD™ program will launch in early 2011. ISM is currently scheduling pilot testing, which has been a standard practice each time it has introduced a new professional credential. Pilot testing will be offered through ISM affiliates and participating companies on-site in early November 2010. Companies and ISM affiliates must have at least eight candidates interested in taking the CPSD™ pilot exam in order to register for the Pilot Testing Program. For more information on the CPSD™ pilot exam, contact Michelle Pattee or +1 480/752-6276, extension 3074.

Visit ISM online for exam specifications, to express your interest in the CPSD™ Pilot Testing Program or to register to receive e-mail updates on the CPSD™.

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New CAPS Research Survey Released — "SnapShots Benchmarking: Insurance Requirements and Certificates for Supplier"

According to a newly published resource from CAPS Research, SnapShots Benchmarking: Insurance Requirements and Certificates for Suppliers, most of the 149 manufacturing and non-manufacturing companies surveyed (86 percent and 98 percent, respectively) required suppliers to maintain insurance in addition to the requirements prescribed by the state or nation where work is being performed.

Seventy-six percent of manufacturers — and 93 percent of non-manufacturers — require suppliers to provide copies of their certificate(s) of insurance. Of those companies that do not require suppliers to provide copies of the certificates of insurance, 71 percent of manufacturers and 66 percent of non-manufacturers have standard contract terms requiring suppliers to certify that they have coverage consistent with insurance requirements, and that they will maintain that coverage for the contract performance period.

CAPS Research sponsors can log in to view the results on the organization's website.

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Website of Interest

This month's Website of Interest is Supply Chain Council:

Supply Chain Council (SCC) is a global nonprofit that helps member organizations make dramatic and rapid improvements in supply chain processes. SCC maintains the Supply Chain Operations Reference model (SCOR), the supply chain management community's most widely accepted framework for evaluating and comparing supply chain activities and performance.

The SCC website is divided into public and members-only sections. Non-members are welcome to browse the public section information, including the SCOR Overview materials, IT suppliers, consultants and researchers that support SCOR, calendar of upcoming events, links to other related organizations and general information on the association. For a nominal annual fee, members have access — via password — to the current version of SCOR, complete contact information of all members, and access to conference presentations, white papers and research study results.

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these websites, or any other website(s) accessible from these websites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other website.

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Term of the Day

Today's ISM Term of the Day is: International Monetary Fund (IMF).

Definition: International organization established in 1946 to provide technical and financial assistance to promote international monetary cooperation, exchange arrangements and provide assistance to countries in need of balance of payments adjustments.

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.

Access the online Glossary.

If you are not a member but would like membership information, visit the ISM website.

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It's Easy to Subscribe to the Just in ETime Newsletter

To receive Just in ETime:

  • First, log into the ISM website using your username and password.
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  • 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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