ISM - Publications - Just In ETime - Just in ETime Newsletter -- August 17, 2011





	Wednesday, August 17, 2011

In This Issue ...

This Month in Inside Supply Management^® Magazine — Read more.
Feature Article: Develop the Entrepreneurial Spirit — Read more.
No-Cost Web Seminar August 30: "User Adoption — The Key to Successful Procurement Automation" — Read more.
Save the Date for Three Upcoming ISM Diversity Summits — Read more.
Calendar of Events for September" — 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 August 2011 issue is full of useful information, including the following articles:

Transforming Traditional Lean Principles
Lean process methodologies are part of the global procurement leadership culture at Capital One Financial Corporation, allowing the team to do more without adding costs.
Make Mentoring a Priority
By taking on the role of mentor, supply management leaders can play a vital role in enriching the professional lives of promising individuals.
Improving With M&S
Business modeling and simulation allows supply management professionals to test and improve processes.

Access the complete August 2011 issue of Inside Supply Management^® online.

Feature Article: Develop the Entrepreneurial Spirit

With the retirement of baby boomers, high commodity prices and nagging unemployment, the new normal is characterized by weak sales growth (at best), a tight cash position and elevated customer service expectations. Unleashing your entrepreneurial spirit is one of the only ways to thrive in this complex environment, as it can encourage creative thinking and boldness in strategy and action.

As most of us can attest, people are an organization's number-one asset, and an entrepreneurial spirit taps into the people-power within an organization. It is key to success. How do you define and implement an entrepreneurial spirit? Three primary leadership behaviors can help build an entrepreneurial environment: 1) focus on experimentation, 2) encourage "what if" thinking and 3) value influencers.

Read the full article on the Inside Supply Management^® website.

No-Cost Web Seminar August 30: "User Adoption — The Key to Successful Procurement Automation"

Date: Tuesday, August 30, 2011
Time: 2 p.m. (EDT) /11 a.m. (PDT)
Price: No cost
Length: 60 minutes
Format: Streaming only
Host: ISM
Sponsor: Zycus

Implementing new technology can be the means to deliver higher business value. However, a smooth technical implementation is not enough; it needs to be supported by widespread user adoption to ensure the success of the initiative.

This summer, Zycus conducted its 2011 Procurement Automation Adoption Survey. More than 600 procurement and supply chain professionals, representing a combined spending power of about $370 billion, participated in this survey. Their responses confirmed that technology adoption has a major impact on both stakeholder participation and compliance to spend management initiatives.

Join a panel of experts as they discuss the insights gained from this survey about the tactics and strategies used by best-in-class companies to deal with compliance issues arising out of procurement management solution implementations.

Attendees will learn:

Five tactics used by top performers to ensure compliance
To understand the importance of compliance, participation and technology adoption for transforming corporate culture
To increase cross-functional participation in spend management activities
To define role of technology adoption in areas apart from stakeholder participation and compliance to spend management initiatives.

Featured Speakers:

Andrew Bartolini
Managing Partner & Chief Research Officer
Ardent Partners
R. David Nelson
Chairman
Quality Analytics
Anurag Dixit
Vice President of Marketing
Zycus Inc.

Registration is available on the ISM website.

Save the Date for Three Upcoming ISM Diversity Summits

Registration opens next month for three diversity summits hosted by ISM.

The 9th Annual Black Executive Supply Management Summit will take place on February 8-9, 2012 in Grapevine, Texas.
The 5th Annual Hispanic Supply Management Summit will also take place on February 8-9, 2012 in Grapevine.
The 4th Annual Women Executive Supply Management Summit is also set for February 8-9, 2012 in Grapevine.

All three summits will be held at the Hilton DFW Lakes Executive Conference Center. On February 7, 2010, there will be a networking reception in the evening and Certified Professional in Supplier Diversity^® (CPSD™) Exam in the afternoon. The networking reception is included in each program's registration fee, but you will need to register separately for the CPSD™ Exam if you are interested in taking it.

Hotel information may be found at the ISM reservation page. Please make hotel reservations by January 10, 2012. The ISM rate is available until January 10, 2012 or until the ISM room block is sold, whichever comes first.

The CPSD™ Exam will be given on Tuesday, February 7, 2012. Check-in time is 1:30 p.m. to 2:15 p.m.; doors close at 2:15 p.m. The exam time is 2:30 p.m. to 4:30 p.m. The exam fee is US$180 for both ISM members and nonmembers. You do not have to attend a summit to take the exam.

Calendar of Events for September

9/1
Release of the Manufacturing Report On Business^®
Nationwide
9/5
ISM Headquarters Closed — Labor Day
Tempe, AZ
9/6
Release of the Non-Manufacturing Report On Business^®
Nationwide
9/7-9/9
Legal Aspects of Supply Management: The Basics You Need to Succeed
Minneapolis, MN
9/8-9/9
Legal Negotiations
Chicago, IL
9/15-9/16
Commodity Teams: Leveraging Value Across the Entire Organization
Philadelphia, PA
9/15-9/16
Searching for Savings Seminar/Workshop, co-sponsored by ISM—Utah and the ISM Materials Management Group
Salt Lake City, UT
9/18-9/20
CAPS Research 12th Annual Best Practices Workshop
Phoenix, AZ
9/18-9/20
80th Annual Conference of the Utility Purchasing Management Group
Louisville, KY
9/22-9/23
Driving Down Costs Through Cost/Price Analysis
San Francisco, CA
9/26-9/27
Legal Considerations of Software Licensing and Other Technology-Related Agreements
San Francisco, CA

Term of the Day

Today's ISM Term of the Day is: CONSIGNOR.

Definition: The shipper of a specified quantity of goods.

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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