Friday, April 1, 2011
   


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

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In This Issue ...
  • March Manufacturing ISM Report On Business®: PMI at 61.2% — Read more.
  • Feature Article: Closed and Open Doors of Innovation — Read more.
  • Leenders Receives Hoagland Award  — Read more.
  • ISM Announces Finalists in Awards for Excellence in Supply Management — Read more.
  • Feature Article: Negotiation: How to Prep Like a Pro — Read more.
  • Save on CPSM® and CPSD™ Exams — 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.


March Manufacturing ISM Report On Business®: PMI at 61.2%

Economic activity in the manufacturing sector expanded in March for the 20th consecutive month, and the overall economy grew for the 22nd 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 recent trend of rapid growth in the manufacturing sector continued in March, as the PMI registered above 60 percent for the third consecutive month. The component indexes of the PMI remain at very positive levels and signal strong sector performance in the first quarter. While manufacturers are benefiting from strength in new orders and production, there is significant concern with regard to commodity prices. Many manufacturers indicate the prices they have to pay for inputs are rising, and there is concern about the impact of higher prices on their margins."

To read the entire release, click here.

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Feature Article: Closed and Open Doors of Innovation

As product and service needs evolve, organizations must examine both closed and open innovation models to solve their business challenges. While a majority of organizations relied on a closed model a decade ago, today's customer-centered supply chains are driving open innovation strategies.

How does your organization approach innovation? Often, the decision to have a closed or open model depends on the business challenge and circumstances. However, the maturity of an internal innovation process is also critical in the success of moving toward an open model.

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Leenders Receives Hoagland Award

Institute for Supply Management™ (ISM), with the support of the ISM Educational Resources Committee, has awarded the John H. Hoagland Award for Distinguished Service to Michiel R. Leenders, DBA. Leenders is professor emeritus at the Richard Ivey School of Business at The University of Western Ontario. He was recognized during the 2011 North American Research Symposium held March 17-18, 2011 in San Diego.

Leenders earned his undergraduate degree in mining engineering from the University of Alberta, followed by an MBA from the Richard Ivey School of Business at The University of Western Ontario. A full professor for 30 years, Leenders headed the operations management group for 25 years and was director of the Richard Ivey School of Business Ph.D. program for five years. He holds a doctorate degree from the Harvard Business School.

For more than 40 years, Leenders worked with the Purchasing Management Association of Canada (PMAC) to develop a world-class professional development program. He is author/co-author of several world-renowned textbooks, including Purchasing and Supply Management, published by McGraw-Hill Irwin and now in its 14th edition.

The John H. Hoagland Award for Distinguished Service is named for John H. Hoagland, Ph.D., C.P.M., professor emeritus at Michigan State University's Eli Broad College of Business. Hoagland taught from 1952 until his retirement in 1990. He is internationally recognized for his legacy to purchasing and the supply management profession, which includes contributions to business and economic research, notably the advancement of ISM's Business Survey Committee by improving its monthly statistical reports.

The John H. Hoagland Award is designed to recognize outstanding contributions to the field of supply management through research, teaching and service. It is not conferred annually, but is presented to recognize individuals whose lifetime achievement and contribution to the field deserves special recognition. ISM's Educational Resource Committee leadership solicits nominations and administers the selection process. For more information, contact ISM Education Resource Committee Adviser Robert A. Kemp, Ph.D., CPSM, C.P.M.

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ISM Announces Finalists in Awards for Excellence in Supply Management

Supply management departments at 15 companies are among the finalists in the Institute for Supply Management™ (ISM) Awards for Excellence in Supply Management. Finalists in the 2011 competition were selected from applications received in an online submission process held from July 1, 2010 to September 17, 2010. Multiple entries were welcomed in one or more of the following categories: Process, People, Organization/Structure, Technology and Sustainability.

ISM will announce winners from among the 2011 finalists this month. Representatives from winning organizations will present their stories of excellence in supply management in Orlando, Florida, at ISM's 96th Annual International Supply Management Conference and Educational Exhibit, to be held May 15-18, 2011.

The 2011 ISM Awards for Excellence in Supply Management Finalists are:

  • Advanced Micro Devices, Inc. — Process Category (two nominations)
  • CAPITAL ONE — Process Category
  • Delphi — Technology Category; Organization/Structure Category; Process Category
  • The Dow Chemical Company — Process Category; Organization/Structure Category
  • State of Georgia, Department of Administrative Services — State Purchasing Division — Technology Category
  • Hewlett-Packard Company — Sustainability Category
  • IBM Corporation — Sustainability Category
  • Kraft Foods, Inc. — Organization/Structure Category; Process Category
  • L-3 Communications — Process Category
  • Lockheed Martin Missiles and Fire Control — Process Category
  • Pacific Gas and Electric Company — Process Category
  • Pfizer Inc. — Process Category
  • SIRVA, Inc. — Process Category
  • Sodexo, Inc. — Process Category
  • United States Postal Service — Technology Category

The ISM Awards for Excellence in Supply Management are open to supply management departments of all sizes and geographic locations, both domestic and international.

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Feature Article: Negotiation: How to Prep Like a Pro

To ensure the best possible outcome, use this step-by-step approach to advanced negotiation preparation, every time.

For supply management professionals, negotiation is a vital part of the job. To be effective in these critical interactions, you must manage the area that has the most potential to influence any negotiation's outcome: preparation.

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Save on CPSM® and CPSD™ Exams

Do you plan to attend ISM's Annual Conference this May in Orlando? If so, plane to come in a little early to take advantage of half-price paper-and-pencil CPSD™ and CPSM® Exams (with full conference registration) held on Saturday, May 14, 2011 before the start of the Conference on Sunday. What a great way to save, learn leading supply chain best practices and take the next step in your career.

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Website of Interest

This month's Website of Interest is Bloomberg Business Exchange: Supply Management:

Part of Bloomberg.com, Business Exchange: Supply Management is part of Business Exchange, a repository for relevant content, filtered by like-minded business professionals. The topic of supply management contains more than 11,000 news and 1,500 blog items, as well as job listings and topical resources — among them, user-submitted articles and procurement professionals' reactions on the subject of supply management.

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: PRIVATE CARRIER.

Definition: A carrier that owns or leases vehicles and provides transportation services for the organization that owns it.

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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