|In This Issue ...
- January Manufacturing ISM Report On Business®: PMI at 60.8% — Read more.
- Delphi Corporation Supply Exec Is ISM Board Chair — Read more.
- Institute for Supply Management™ (ISM) Announces 2011 Board of Directors — Read more.
- Feature Article: The Secret Superpowers of Great Negotiators — Read more.
- February 23 Web Seminar: 25% Process Cost Reductions Through P2P — 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.
|January Manufacturing ISM Report On Business®: PMI at 60.8%
Economic activity in the manufacturing sector expanded in January for the 18th 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 grew at a faster rate in January as the PMI registered 60.8 percent, which is its highest level since May 2004 when the index registered 61.4 percent. The continuing strong performance is highlighted as January is also the sixth consecutive month of month-over-month growth in the sector. New orders and production continue to be strong, and employment rose above 60 percent for the first time since May 2004. Global demand is driving commodity prices higher, particularly for energy, metals and chemicals."
To read the entire release, click here.
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|Delphi Corporation Supply Exec Is ISM Board Chair
Delphi Corporation supply management executive Sidney Johnson, CPSM, was named Board chair at the Annual Meeting of Institute for Supply Management™ (ISM), held January 13, 2011 in Tempe, Arizona. Johnson is vice president, global supply management at Delphi Corporation and executive champion for the Global Supply Management Task Team. Johnson leads a 1,300 person global team of procurement professionals that is focused on direct, indirect and logistics as well as processes and systems, and quality. His vision is to guide and enable his team to unlock the value of Delphi's supply chain. Johnson has more than 20 years of experience in purchasing, operations, quality and lean manufacturing principles.
A native of Cincinnati, Ohio, Johnson earned his bachelor of science degree in industrial engineering and technology from Central State University in Wilberforce, Ohio and received a master's degree in industrial management from Wesleyan University in Indianapolis. He attended the Center for Creative Leadership, Executive Development and was recently named "Top 100 Under 50 Executive Leaders in America" by Diversity MBA Magazine.
In addition to the ISM Board of Directors, Johnson's professional affiliations include: National Minority Supplier Development Council (NMSDC) board of directors; Focus: HOPE advisory board member; and Michigan State University — Supply Chain Management advisory board member.
Institute for Supply Management™'s (ISM) leadership-based Board is made up of business leaders who hold senior-level positions in supply management or other fields that help the Institute with its mission to lead and serve supply management.
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|Institute for Supply Management™ (ISM) Announces 2011 Board of Directors
Institute for Supply Management™ (ISM) announced its 2011 Board of Directors during its Annual Meeting, held January 13, 2011 in Tempe, Arizona. The leadership-based Board is made up of business leaders who hold senior-level positions in supply management or other fields that help the Institute with its mission to lead and serve supply management. The 2011 ISM Board of Directors is:
Chair, Sidney Johnson, CPSM, vice president, global supply management at Delphi Corporation and executive champion for the Global Supply Management Task Team. Johnson leads a 1,300 person global team of procurement professionals that is focused on direct, indirect and logistics as well as processes and systems, and quality. His vision is to guide and enable his team to unlock the value of Delphi's supply chain. Johnson has more than 20 years of experience in purchasing, operations, quality and lean manufacturing principles.
Jean Baderschneider, Ph.D., vice president, global procurement for Exxon Mobil Corporation. She is responsible for procurement, strategic sourcing, supply chain management, warehousing and accounts payable worldwide.
Joseph C. Black Jr., chief procurement officer for Aetna, Inc. In this position, he leads the company's procure-to-pay activities enterprisewide, impacting more than US$4 billion in company expense. His responsibilities include supply management, accounts payable, meeting management, travel, supplier diversity and expense policy.
Julia M. Brown, senior vice president – Global Procurement and chief procurement officer for Kraft Foods Inc. She is responsible for the procurement of all goods and services for Kraft Foods worldwide. This extends across the spend areas and includes risk management, strategic sourcing, and supporting tools and processes that drive collaboration with supplier partners.
Janice L. Davis, vice president and chief procurement officer at Bombardier Aerospace. Davis is accountable for a global team responsible for the strategic procurement of all aerospace products and services.
Timothy R. Fiore, CPSM, C.P.M., MCIPS, senior vice president, supply management for Terex Corporation. He is responsible for managing a companywide supply management and strategic sourcing process. Using a central category management and leadership team, Fiore's group leverages the spend across 30 global manufacturing sites to more effectively manage Terex's direct and indirect spend.
Craig J. Johnson, C.P.M., A.P.P., chief executive officer of Musician's Friend, Inc., a leading direct marketer and e-commerce retailer of musical equipment and related merchandise — the largest such company in the United States and a wholly owned subsidiary of Guitar Center.
Thomas K. Linton has decades of experience in both global procurement and the semiconductor industry, having built his career at companies around the world. He is the former executive vice president and chief procurement officer for LG Electronics and was based in Seoul, South Korea.
Lisa Martin, C.P.M., senior vice president, worldwide procurement and global operations, Pfizer Inc. As Pfizer's chief procurement officer and Global Operations leader, Martin and her organization support all externally purchased goods and services categories across each business line, including biopharmaceuticals, consumer, nutritional and animal health.
Nora P. Neibergall, CPSM, CPSD, C.P.M., senior vice president at Institute for Supply Management™ and corporate secretary for the ISM Board of Directors. Neibergall oversees ISM's educational program development, professional credentials, diversity, public relations, marketing and sales efforts.
Paul Novak, CPSM, C.P.M., A.P.P., MCIPS, ISM chief executive officer. Novak led the Institute in a major change in its governance, the implementation of a Board of Directors comprised of senior officers at major companies. Following this change, Novak led the organization in broadening its focus from purchasing into supply management and extending its worldwide reach.
Craig Reed, CPSM, senior vice president, supply chain management at Eaton Corporation, a global diversified power management company. In this position, he leads global policy and functional alignment for supply chain management worldwide for Eaton Corporation.
Anthony E. Santiago, CPSM, vice president and chief procurement officer for WellPoint, Inc. Santiago has sourcing responsibility for a broad range of spend categories, including marketing services and materials, IT hardware and software, capabilities sourcing, consulting, and professional services, facilities, energy and utilities.
Ronald D. Schnur, CPSM, vice president, dairy supply and operations for WhiteWave Foods Company. In this position, he is responsible for providing strategic, financial and operational leadership for the dairy supply chain and operations team of 115. He also provides direct support for the Horizon Organic Business Unit.
Deborah Webber, CPSM, C.P.M., senior vice president at Institute for Supply Management™ and corporate treasurer for the ISM Board of Directors. Webber is responsible for the day-to-day operations of the Institute, which include communications, customer service, accounting, information systems/technology and the website, purchasing/contracting, human resources, affiliate support, meeting planning and corporate program development.
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|Feature Article: The Secret Superpowers of Great Negotiators
Imagine you're sitting down to start your next negotiation. What secret superpowers would you need to ensure a positive outcome? Mind-reading abilities? Mind-control powers? X-ray vision?
Well, barring a freakish accident that transforms you overnight from a procurement specialist into a superhero, you will need a different approach.
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|February 23 Web Seminar: 25% Process Cost Reductions Through P2P
Date: Wednesday, February 23, 2011
Time: 11 a.m. PST / 2 p.m. EST
Length: 60 minutes
World-class organizations have procurement and finance costs that are nearly 25 percent lower than their peers, with lower supply risks and better collaboration. What makes them different from more than 70 percent of today's companies?
During this web seminar, Pierre Mitchell, senior director at the Hackett Group, will reveal what every company should know about Procure-to-Pay (P2P) processes, including:
- What drives top-performing cost reductions;
- What collaborations determine P2P success or failure; and
- The real value of P2P.
- John Lark
Senior Manager, Procurement Solutions
- Pierre Mitchell
Director, Procurement and Research Advisor
The Hackett Group
- Nora P. Neibergall
Senior Vice President
Institute for Supply Management™
Attendance of the live session of this web seminar qualifies for one CEH credit at ISM.
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|Website of Interest
This month's Website of Interest is Professional Purchasers' Blog:
Professional Purchasers' Blog is an information resource for the purchasing professionals regarding business and environmental issues that affect the supply management profession. It aims to create a interactive community of purchasing professionals who help each other by sharing marketplace information and negotiating tactics; help the profession by raising its profile and status in the eyes of senior management; and help the planet by raising awareness of the environmental impact of sourcing decisions.
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: STOCKOUT.
Definition: A condition that occurs when items normally carried in stock are unavailable.
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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