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Monday, January 3, 2011
   


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In This Issue ...
  • December Manufacturing ISM Report On Business®: PMI at 57% — Read more.
  • Feature Article: Q&A: The State of Green Leadership — Read more.
  • ISM Academic Research Support Program Seeks Qualified Applicants — Read more.
  • Deadline Extended: Women Executive Supply Management Summit — Read more.
  • Feature Article: Build a Better Disruption Plan — Read more.
  • Network With Supply Chain Execs — A.T. Kearney, Deutsche Bank & Kroll InfoAmericas — Read more.
  • Website 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.


December Manufacturing ISM Report On Business®: PMI at 57%

Economic activity in the manufacturing sector expanded in December for the 17th consecutive month, and the overall economy grew for the 20th 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 continued its growth trend as indicated by this month's report. We saw significant recovery for much of the U.S. manufacturing sector in 2010. The recovery centered on strength in autos, metals, food, machinery, computers and electronics, while those industries tied primarily to housing continue to struggle. Additionally, manufacturers that export have benefitted from both global demand and the weaker dollar. December's strong readings in new orders and production, combined with positive comments from the panel, should create momentum as we go into the first quarter of 2011."

To read the entire release, click here.

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Feature Article: Q&A: The State of Green Leadership

One expert goes in-depth on the chief sustainability officer (CSO) role — who's doing it now, how to lay the groundwork to get it in the future and whether or not supply managers have an edge.

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ISM Academic Research Support Program Seeks Qualified Applicants

Institute for Supply Management™ (ISM), with the support of the ISM Board of Directors, has established an Academic Research Support Program with the goal of increasing academic leadership by the profession and more advanced students entering the supply management profession. The Program will award grants to dedicated researchers and academicians in a career-long grant structure. The Program seeks qualified applicants from a diverse population and international applicants are welcome. Completed application packets are due by January 31, 2011 for all Academic Research Support Program. The four phases include:

Phase 1: The ISM Dissertation Research Grant

This program extends the long-running ISM Dissertation Grant Program and encourages doctoral students interested in supply management to develop and complete their dissertation research in supply management or closely related topics. ISM intends to support up to four dissertations each year at US$12,000 each. Each applicant has three years from the date of the award to complete the grant.

Phase 2: The Professional Research Development Grant

The goal of this program is to help faculty build a research and publication field and establish themselves in the profession (i.e. academic institutions, professional organizations, research fund granting bodies such as CAPS Research, etc.) This grant program is designed to support assistant and younger associate professors and faculty selected will generally have two to eight years of teaching and research experience and have successful publication experience beyond the doctoral degree. ISM will consider and may fund up to two grants per year at US$10,000.

Phase 3: The ISM Professional Research and Collaboration Grant

Supports associate and new full professors to establish themselves as recognized authorities in the field. Faculty selected will generally have nine to 18 years of teaching and research experience with recognition for extensive publications, teaching or expertise in academe or the corporate world. One-year projects will not exceed US$15,000 and multi-year projects cannot exceed three years, with a maximum value of up to US$12,000 per year.

Phase 4: The ISM Distinguished Leadership Grant

Recognizes and supports senior full professors to achieve even greater research, leadership and collaboration distinction in the academic research field. Faculty selected will generally have 16 to 25 years of teaching and research experience with a distinct recognition for extensive publications, teaching and leadership experience both in academe and the profession. This program will support faculty for one or more years as approved in the project plan and award documents. Grants for one year are limited to a maximum of US$25,000. Grants exceeding a one-year term will not exceed US$25,000 per year and will be considered for approval individually by the ISM Board of Directors for a specific term of years.

Each of the four phases of ISM's Academic Research Support Program has specific selection criteria as well as distinct application and evaluation procedures. Visit ISM online for specific application procedures for each grant.

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Deadline Extended: Women Executive Supply Management Summit

Register by January 10, 2011 for the 3rd Annual Women Executive Supply Management Summit (WESMS) to secure the best rate. Scheduled for February 10-11, 2011 in Boca Raton, Florida, the program — "Transition and Transformation in the Supply Chain" — offers opportunities to build your supply management community and learn from others who are passionate about supply management.

WESMS features speakers from world-class organizations, including Kroll-InfoAmericas, IBM Global Services, Tyco International and Amgen, Inc. The program is presented for women executives, their direct reports and those interested in building their careers in supply management. Workshops will feature the following topics:

  • What's Ahead in the Economy
  • Supply Chain Expectations From the CEO
  • Women in Peril/Women Empowered: The Changing Landscape and Its Implications
  • Leadership and Career Progress
  • Strategic Impact: A Supply Executive's Top 10 List

The 3rd Annual Women Executive Supply Management Summit is held at the same time and location as ISM's 4th Annual Hispanic Supply Management Summit and 8th Annual Black Executive Supply Management Summit. Each summit has its own set of workshops, but general sessions are held together for added networking time with colleagues attending the other summits.

Registration

Register online by January 10, 2011 for the best rate, or call 800/888-6276 or +1 480/752-6276, option 8. Cost is US$795 for ISM members, US$995 for nonmembers and US$250 for ISM student members.

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Feature Article: Build a Better Disruption Plan

Supply management professionals can use mitigation mapping and supply base profiling to effectively pinpoint previously undetected risks in the supply chain.

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Network With Supply Chain Execs — A.T. Kearney, Deutsche Bank & Kroll InfoAmericas

Doing business in Latin America? Interested in developing a diverse workforce in supply management? Institute for Supply Management™ (ISM) invites you to the 4th Annual Hispanic Supply Management Summit, February 10-11, 2011 in Boca Raton, Florida. The program, "Transition and Transformation: Influenciar Su Cadenda de Suministro/Influence Your Supply Chain" offers opportunities to learn, network and share supply management best practices.

The 4th Annual Hispanic Supply Management Summit features speakers from world-class organizations including A.T. Kearney, Deutsche Bank and Kroll InfoAmericas. The program addresses challenges faced by Hispanic senior executives and mid-level managers. Students enrolled in supply management degree programs are also invited to attend. Workshops will feature the following topics:

  • Economic Trends in the Americas
  • Develop and Grow the Latino Workforce in Supply Management
  • Sustainability: Latin America Continues its Transformation
  • Post-Acquisition: How to Optimize Your Supply Chain

The 4th Annual Hispanic Supply Management Summit is held at the same time and location as ISM's 3rd Annual Women Executive Supply Management Summit and 8th Annual Black Executive Supply Management Summit. Each summit has its own set of workshops, but general sessions are held together for added networking time with colleagues attending the other summits.

Registration

Register by January 10, 2011 for the best rate. Cost is US$795 for ISM members, US$995 for nonmembers and US$250 for ISM student members.

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Website of Interest

This month's Website of Interest is ProcurementBlog:

The Procurement Leaders Network Blog offers multiple new blogs daily and is part of the Procurement Leaders Network, which features news, job listings and more. Blog topics range from sustainability to software to marketing and beyond.

Guest bloggers include Tim Minahanj, senior vice president of marketing at Procuri; Haydn P. Jones, a consultant at A. T. Kearney; Christopher Barrat of Greystone Partnership; Jai Shekhawat, CEO and co-founder of Fieldglass; Martin Berr-Sorokin, managing director at Xcitec GmbH; Jules Goffre, leader of the European Supply Management practice at A.T. Kearney; David Downs, principal consultant at Equaterra incorporating Morgan Chambers; Richard Edwards, news editor of Procurement Leaders; Jemima Fitzgerald with Equaterra incorporating Morgan Chambers; Adrian Finn of eSourcing Solutions; and Malcolm Swallow — Country Manager at Equaterra incorporating Morgan Chambers. Guest authors are also encouraged to set up an author's account with the blog.

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: MARGIN.

Definition: (1) As a business measure, the ratio of operating profit to revenue; (2) For individual products, the difference between cost and selling price of an item or service; (3) The minimum return below which products or activities are not profitable.

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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