|In This Issue ...
- This Month in Inside Supply Management® Magazine — Read more.
- Feature Article: Doing Business in Sweden — Read more.
- November 30 Web Seminar: "Using Spend Management to Elevate P2P Beyond the Back-Office" — Read more.
- The CPSM® and SCMP™ Just Became More Valuable — Read more.
- Register by December 31, 2010 for Best Discount for ISM's 96th Annual Conference — Read more.
- Calendar of Events for December — 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.
|This Month in Inside Supply Management® Magazine
Have you checked out the latest issue of Inside Supply Management® magazine? The October/November 2010 issue is full of useful information, including the following articles:
Access the complete October/November 2010 issue of Inside Supply Management® online.
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|Feature Article: Doing Business in Sweden
With its modern distribution system, strong economy, excellent internal and external communications, and skilled labor force, Sweden remains a popular international sourcing destination.
For buyers of steel, electronic devices, paper products, machinery, dental/pharmaceutical supplies, automobiles, petroleum and clothing — or suppliers of military vehicles, semiconductors, construction materials and organic chemicals — a business trip to Sweden might be imminent, as all these are among the country's chief exports and imports.
Before you travel, be sure to master some basic elements of business etiquette.
To view this article in its entirety, click here.
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|November 30 Web Seminar: "Using Spend Management to Elevate P2P Beyond the Back-Office"
Date: Tuesday, November 30, 2010
Time: 2 p.m. (EST) / 11 a.m. (PST)
Length: 50 minutes
When compared to other spend management solutions, procure-to-pay (P2P) has historically taken a backseat to spend analysis, strategic sourcing and contract management solutions. While P2P solutions are an essential part of the broader spend management horizon, procurement organizations often struggle to elevate themselves beyond tactical P2P. This is because opportunities for process cost reductions are limited, and there is only so much ROI based on headcounts and transactions.
By aligning P2P to spend management objectives, greater value can be created by driving internal and external compliance, optimization of payment strategies and improving spend visibility. In this November 30 web seminar, ISM and Zycus attempt to connect the two and suggest an approach to unleash greater procurement value. Attendees will learn:
- How P2P is a critical component within a broader spend management process — including "the moment of truth."
- How to use spend/supplier visibility to make purchases easy and compliant before they occur.
- How world-class organizations elevate the value of P2P and align it with broader spend management objectives of savings, compliance, working capital improvement and stakeholder satisfaction.
- How to get diverse internal stakeholders aligned on these broader objectives.
- How emerging technologies can help solve the "P2P-optimized" spend management process.
- Pierre Mitchell
Senior Director, Procurement Research and Advisory Services
- Terri Tracey, CAE
Vice President - Technology and Publications
Institute for Supply Management™
Attendance of the live session of this web seminar (50 minutes) qualifies for one CEH credit at ISM. Registration is available online.
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|The CPSM® and SCMP™ Just Became More Valuable
An agreement between Institute for Supply Management™ (ISM) and Purchasing Management Association of Canada (PMAC) now gives reciprocity between the two organizations allowing professionals to apply for the respective professional credentials. Professionals holding the CPSM® credential may apply for and receive the SCMP™ designation from PMAC increasing your global marketability. The agreement also allows PMAC members holding the SCMP™ designation to apply for and receive the CPSM® credential from ISM.
According to ISM CEO Paul Novak, CPSM, C.P.M., A.P.P., MCIPS, both designations represent mastery of complex skills, an extensive knowledge base and professional maturity. "There is a high degree of congruence between all aspects of the CPSM® and SCMP™," Novak says. "Allowing CPSM® and SCMP™ holders to leverage their designations to secure even greater professional credibility also benefits the wider business community."
Cheryl Paradowski, PMAC's president and CEO says, "In a global marketplace, designation reciprocity is extremely valuable. This will open up opportunities for designation holders who now gain greater mobility and recognition. Not only will this increase their international marketability, but it helps to expand the profile of the entire supply chain management profession."
Professionals holding the CPSM® designation may apply for and receive the SCMP™ credential provided they meet several conditions including payment of PMAC membership fees and fulfilling requirements set by PMAC to retain the SCMP™. Complete details are available on the PMAC website under SCMP™ Designation and selecting the link for Designation Reciprocity.
Alternately, PMAC members holding the SCMP™ credential may apply for and receive the CPSM® designation from ISM provided they meet certain conditions. SCMP™ holders can review requirements and obtain the one-page application online by visiting the ISM website, selecting Professional Credentials and Certified Professional in Supply Management® Program and then selecting the link for CPSM® and SCMP™ Reciprocity.
SCMP™ holders interested in obtaining the CPSM® should complete the one-page CPSM® application and mail to:
ISM — Attn: Michelle Pattee
P.O. Box 22160
Tempe, AZ 85285-2160
For any questions:
SCMP™ holders may contact ISM — Michelle Pattee by calling 800/888-6276 or +1 480/752-6276, extension 3074.
CPSM® holders may contact PMAC — Eve Mechici by calling 888/799-0877 or +1 416/977-7111, extension 3121.
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|Register by December 31, 2010 for Best Discount for ISM's 96th Annual Conference
Essentials for a strong supply management career are in store at the 96th Annual International Supply Management Conference and Educational Exhibit, presented by Institute for Supply Management™ (ISM). ISM's Conference takes place May 15-18, 2011 in Orlando, Florida at the Gaylord Palms Resort & Convention Center.
Look for these learning tracks: Best Practices in Supply Management; Developing and Leading Impactful Supply Management Organizations; Headwinds; Logistics; Manufacturing; Risk Management; Services Procurement; Supplier Development and Relationship Management; Talent Management. Early registrants have priority when choosing from popular mega sessions, which cover finance, project management, contracting, business practices and negotiations.
Curious about the possibilities of a new position? Take part in the Conference Career Center. Recruiting organizations know that the ISM Annual International Supply Management Conference attracts the best in the profession. Bring your résumé directly to employers or upload to the Conference Career Center database. World-class organizations will conduct on-site interviews. Even Conference attendees who aren't looking for a new position can listen in on the Conference Career Center Special Sessions and come away with tools, tips and strategies to advance their careers.
Pre-Conference Seminars include:
- CPSM® Exam Review Course
- CPSM® Bridge Exam Review Course
- CPSM® Train-the-Trainer: Review Instructor Courseware Program
- Legal Negotiations
- How to Develop and Manage a Supplier Diversity Program
Register by December 31, 2010 for lowest member price of US$979 on the Complete Conference Registration Package. Member price for registrations postmarked by February 15, 2011 is US$1,079. Member price for registrations postmarked after April 15 is US$1,279 and member price for registrations postmarked after May 2 is US$1,349. Visit ISM for online registration, one day registration, nonmember registration, spouse/guest packages and preregistration for mega sessions.
The Gaylord Palms Resort & Convention Center is the official Conference hotel. A block of rooms has been reserved at the rate of US$229, inclusive of resort fee. Cutoff for special room rate is April 11, 2011. Online ISM group reservations are available.
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|Calendar of Events for December
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|Term of the Day
Today's ISM Term of the Day is: BINDING.
Definition: Executed with the proper legal authority and imposing adherence to a commitment, an obligation, or a duty such as a binding arbitration or a binding agreement.
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.
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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- Once you've created your new account, proceed to the "Manage Newsletters" link, which is also found under the "My Account" tab.
- Finally, select Just in ETime from the list of available newsletters and click the "Update Subscription" button at the bottom of the page.
If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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