Wednesday, January 5, 2011

Institute for Supply Management (ISM) Logo

Orlando 2011 -- ISM's 96th Annual International Supply Management Conference & Educational Exhibit

ISM's Online Career Center

I Am A CPSM<sup>®</sup>

<cite>Just in ETime</cite> Newsletter ... Pass it on!

In This Issue ...
  • December Non-Manufacturing ISM Report On Business®: NMI at 57.1% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • ISM Announces First Certified Professional in Supplier Diversity™ (CPSD™) — Read more.
  • Vote on Important Issues for Your Institute — Read more.
  • Feature Article: Achieve M&A Supply Synergy — Read more.
  • Annual Conference Early Bird Registration Ends February 15th — Read more.
  • Top Supply Chain Execs — BP, IBM Global Services, Intel Corporation, Tyco International, MeadWestvaco — Share Best Practices — Read more.
  • It's Easy to Subscribe to the Just in ETime Newsletter — Read more.
  • Term of the Day — Read more.
  • Contact Us — Read more.

December Non-Manufacturing ISM Report On Business®: NMI at 57.1%

Economic activity in the non-manufacturing sector grew in December for the 12th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®.

The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee. "The NMI (Non-Manufacturing Index) registered 57.1 percent in December, 2.1 percentage points higher than the 55 percent registered in November, and indicating continued growth in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 6.5 percentage points to 63.5 percent, reflecting growth for the 13th consecutive month at a faster rate than in November. The New Orders Index increased 5.3 percentage points to 63 percent, and the Employment Index decreased 2.2 percentage points to 50.5 percent, indicating growth in employment for the fourth consecutive month, but at a slower rate. The Prices Index increased 6.8 percentage points to 70 percent, indicating that prices increased significantly in December. According to the NMI, 14 non-manufacturing industries reported growth in December. Respondents' comments vary by company and industry, but overall are mostly positive about business conditions."

To read the entire release, click here.

Back to Top

Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI Ended 2010 at a Six-Month High

The global manufacturing sector ended 2010 on a strong footing. Rates of growth in production and new orders accelerated, leading to a further solid increase in employment.

At a six-month high of 55.0 in December, the JPMorgan Global Manufacturing PMI™ pointed to a robust improvement in overall operating conditions. The PMI has remained above the 50.0 no-change mark throughout the past one-and-a-half years. The average reading for the PMI in Q4 2010 was above that in Q3 but below the six-year high reached in the second quarter.

For the complete JPMorgan release, click here.

Back to Top

ISM Announces First Certified Professional in Supplier Diversity™ (CPSD™)

Institute for Supply Management™ (ISM) announces the first individual to earn the Certified Professional in Supplier Diversity™ (CPSD™). Alex F. Alvarez, CPSM, CPSD, C.P.M., A.P.P., supplier diversity manager at CoreLogic headquartered in Santa Ana, California, was among the more than 200 individuals who participated in pilot testing the program in November 2010.

"I'm proud to add the CPSD™ to my credentials," Alvarez says. "Not only does this broaden my current knowledge base, it helps legitimize my expertise in this field while expanding my capabilities," Alvarez says. Alvarez says the CPSD™ experience gave him more awareness of best practices. "I gained more insight into how other organizations strategically gained buy-in and influenced their workforce and executives to embrace supplier diversity."

Alvarez currently leads supplier diversity efforts for CoreLogic — educating more than 10,000 employees in diverse supplier initiatives. Prior to his current role, Alvarez was president and CEO of the South Region Minority Supplier Development Council, Inc. (SRMSDC), a regional affiliate of the National Minority Supplier Development Council (NMSDC). He also spent three years as executive director at the Alabama Minority Business Opportunities Center (MBOC), a federally-funded agency under the U.S. Department of Commerce, Minority Business Development Agency (MBDA). Alvarez began his career at General Motors, starting in GM Worldwide Purchasing and progressing to the role of global creativity team leader. There, he oversaw close to US$1 billion in spend globally.

Recognition of the first CPSD™ is particularly meaningful to ISM Board Chair Shelley Stewart, Jr., CPSM. Stewart is senior vice president, operational excellence and CPO at Tyco International. "Throughout my entire ISM Board leadership experience, we've seen an increasing demand for a certification that defines the body of knowledge necessary for effective supplier diversity," Stewart says. "It's my privilege to congratulate Alex F. Alvarez, as ISM's first CPSD™ recipient, and to offer my encouragement to individuals who set their sights on earning this designation in the coming years."

The CPSD™ is a professional designation for supplier diversity professionals and supply management professionals who hold diversity responsibilities. The full CPSD™ program will launch in early 2011. For more information, visit ISM website.

Back to Top

Vote on Important Issues for Your Institute

The 2011 Proxy for the Annual Meeting of Members of the Institute for Supply Management, Inc.™ (ISM) was mailed to all ISM members on December 6, 2010. You are being asked to vote on the election of ISM Board members and change to ISM Bylaws. The report of the vote and other business of the organization will be made at the Annual ISM Membership Meeting that will be held on Thursday, January 13, 2011 at 11:30 a.m. Mountain Standard Time at the headquarters of ISM.

Voting ends at 11:30 a.m. Mountain Standard Time (MST) on January 13, 2011.

For more information on how you can register your vote, and an explanation of ballot proposals, click here.

Back to Top

Feature Article: Achieve M&A Supply Synergy

Acquisitions are risky. Studies repeatedly report that more than half of all acquisitions fail to deliver target returns. Too often, the goal becomes simply completing the agreement, not negotiating a workable arrangement that will deliver better performance from the combined company that results from the merger. Supply management's value in M&A initiatives often pays for itself — every dollar of supply savings delivers profit equal to US$10 to $20 of "revenue growth synergy."

Hewitt Associates' M&A and Human Capital Keys to Success — Global Report 2009 notes that in today's tough economic conditions, the majority of acquirers focus on cost reduction as the primary means to a financial return. Further, 80 percent of companies "always" use cost reduction as a measure of success for M&As. Given the amount of cost supply organizations manage, they are key to delivering M&A synergy.

Back to Top

Annual Conference Early Bird Registration Ends February 15th

ISM is pleased to present the 96th Annual International Supply Management Conference and Educational Exhibit. Join us this year as we travel to Orlando, for four days of supply management professional development, training and networking.

Attend the Conference and meet the best and the brightest in supply management. Workshop presenters represent successful practitioners and experts in the field. This is your chance to find out what works, who is best-in-class and how you can gain a competitive advantage.

This year's keynote speakers include:

  • Sidney Johnson, CPSM, Vice President, Global Supply Management, Delphi Corporation
  • Daniel Burrus, Technology Futurist and Business Strategist
  • William Dunkelberg, Professor, Economics, Temple University
  • David Hensley, Executive Director and Global Economics Coordinator, Economic Research Dept., J.P. Morgan
  • Norbert J. Ore, CPSM, C.P.M., Chair, ISM Manufacturing Business Survey Committee
  • Anthony S. Nieves, C.P.M., CFPM, Chair, ISM Non-Manufacturing Business Survey Committee
  • Arianna Huffington, Co-Founder and Editor-in-Chief, The Huffington Post

Hurry! Early bird registration ends February 15, 2011. Register now!

Back to Top

Top Supply Chain Execs — BP, IBM Global Services, Intel Corporation, Tyco International, MeadWestvaco — Share Best Practices

What: 8th Annual Black Executive Supply Management Summit
When: February 9-11, 2011
Where: Boca Raton, Florida
Sponsors: Institute for Supply Management™ (ISM) and Howard University
Cost: US$795 for ISM members/US$995 for nonmembers/US$250 for ISM student members

A popular program, ISM's 8th Annual Black Executive Supply Management Summit (BESMS) helps supply management executives lead their careers and organizations to new heights with the latest best practices and unparalleled networking.

BESMS is for executives and managers in supply, with a special track for students enrolled in supply management degree programs. Renowned speakers from BP, IBM Global Services, Tyco International, MeadWestvaco, National Sustainability Coalition and more will share tried-and-true secrets for success that cross industry lines. Sessions highlights include:

  • "Transformation: A Change of Pace" led by Chuck Wardlaw, vice president, U.S. Fuels Value Chain Procurement, BP
  • "Make the Sustainable Shift" presented by Icy Williams, chair, National Sustainability Coalition
  • Student Case Competition
  • "Plan and Manage: From Global Contracts to Global Customers" led by Anthony Humphrey, director, Global Strategic Outsourcing, MeadWestvaco
  • Executive Roundtable Networking

This year's BESMS will be held at the same time and location as ISM's 4th Annual Hispanic Supply Management Summit (HSMS) and 3rd Annual Women Executive Supply Management Summit (WESMS). Each summit has its own set of workshops, but general sessions are held together for added networking time with colleagues attending the other summits. Students are encouraged to attend.

Register online by January 10, 2011 for the best rate, or call +1 480/752-6276, option 8.

Back to Top

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.
  • If you have never created a profile/account on the ISM website — 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" 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.

Back to Top

Term of the Day


Definition: The simplest and most commonly used depreciation method where depreciation is calculated by taking the purchase or acquisition price of an asset minus the salvage value divided by the total productive years the asset can be reasonably expected to benefit the company (called "useful life"). This method yields slower write-offs and provides less of a tax shield than the accelerated depreciation method.

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.

Back to Top

Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

Back to Top