Wednesday, June 15, 2005


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91st Annual International Supply Management Conference and Educational Exhibit

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In this issue...

This Month in Inside Supply Management®

Supply management and technology have been close partners since the 1990s when organizations began implementing procurement automation tools. That partnership quickly evolved into e-catalogs, e-sourcing systems, supplier scorecards and reverse auctions. With the 1990s well behind us and the new millennium well underway, what technology tools are supply managers taking advantage of today and what advancements are on the horizon? In the June issue of Inside Supply Management®, learn how organizations and their suppliers are aligning their technological abilities, and how "hot" technologies such as radio frequency identification (RFID) will increase the efficiency of the supply chain in the future. See "Taking the Pulse of Technology," June's cover story.

June also explores how today's technologies are making an impact on the supply management profession -- straight from the source. Whether it's solutions for increasing information accuracy or using reverse auctions for purchasing utilities, the suppliers provide the answer to the question, "How is technology enabling supply management processes?"

Turning procurement into a competitive advantage requires strategies that look beyond an organization's walls. In the June issue, unique strategies developed by IBM Global Procurement provides supply managers with the imperatives to achieve profit and revenue, and at the same time, remain competitive.

Also in the June issue of Inside Supply Management®:

  • What does the economy hold for the latter part of the year? Find out in ISM's 69th Semiannual Economic Forecast
  • Read about this year's Shipman Award winner
  • Expand your cost reduction opportunities through demand management
  • And much more!

To access the June magazine's online table of contents, click here.

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ISM News on the Net

Interested in the latest happenings within the Institute? ISM posts all of its press releases on the Web site in date order. ISM lists the press releases for the past year.

You may also subscribe to receive the ISM press releases via e-mail -- free!

To view past press releases or to subscribe to receive new releases, click here.

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Upcoming ISM Web Seminars

Contract-Centric Approach to Procurement
Procurement organizations are under immense cost and regulatory pressures to put systems in place to maximize sourcing and vendor management. However, a sourcing system without a contract management and compliance system makes it impossible to maximize the value of your supplier relationships. Join ISM, W. W. Grainger, The Hackett Group and i-many for this one-hour Web seminar and learn how to:

  • Have full visibility into and control of your vendor agreements
  • Ensure regulatory, obligation and transaction compliance
  • Source and make your agreements better to gain a higher incremental value

Presented By: Dianna Tallungan, Business Process Analyst, Contracts, W.W. Grainger, Inc.;
Pierre Mitchell, Director in Procurement and Supply Chain Management, Hackett Group Advisory Services;
Kirk Krappé, Executive Vice President Worldwide Markets, i-many, Inc.;
Roberta Duffy, Editor, Inside Supply Management®, Institute for Supply Management™
Date and Time: Tuesday, June 28, 2005 at 10:00 a.m. MST
Registration Fee: Complimentary

Effectively Managing Outsourcing Contracts
Join ISM for this one-hour session and discover why companies from all industries are turning to outsourcing their non-core activities, transactions, and functions as a strategic imperative. Find out how to effectively manage outsourcing initiatives and learn firsthand about the typical issues and pitfalls involved with the start up, maintenance and ramp down of an outsourcing project. Get the facts about how considerations such as key performance indicators, metrics and service level agreements are contract-critical in mitigating risk and maximizing ROI. These and several other outsourcing management practices that create a competitive advantage will be addressed.

Presented By: Edward M. Lundeen, CPIM, C.P.M., Director, Contracts, Eclipse Aviation Corporation
Date and Time: Wednesday, July 27, 2005 at 10:00 a.m. MST
Registration Fee: $99 per individual or $179 for two or more attendees per connection.

Attend and earn one Continuing Education Hour

For more information or to register for either event, click here.

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Deadline Approaching for 2006 Call for Presentations

The deadline to submit presentation proposals for ISM's 91st Annual International Supply Management Conference and Educational Exhibit which takes place May 7-10, 2006, in Minneapolis, MN is July 1, 2005.

If you're interested in presenting a workshop at next year's Annual Conference, click here.

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"Top 10 Reasons" to Support the
C.P.M. Program...
  1. Becoming a C.P.M. is an important way to declare interest to be a professional in the field.
  2. Becoming a C.P.M. helps build credibility for the individual (internally, externally, with customers, suppliers and other purchasing and supply management professionals).
  3. An organization supporting C.P.M. certification underscores its commitment to professionalism and gives a boost to the concept of lifelong learning (because of the recertification component of the program).
  4. Certification can reduce future training costs.
  5. C.P.M. certification is an objective measure of knowledge and experience; it assures a certain level of expertise and skill.
  6. The C.P.M. program focus on purchasing and supply management adds specialist knowledge to those with a business or technical degree.
  7. The C.P.M. program content is broad. Often an employee will focus on what they think they need to know to do their job. Exposing the employee to a broad-based knowledge specification can help them open up their thinking and problem-solving skills.
  8. The C.P.M. helps improve self-image, adds professional credentials and provides a broad view of the profession. Certification leads to higher morale and commitment.
  9. The C.P.M. program received certification accreditation by the American National Standards Institute (ANSI). ANSI administers and coordinates the U.S. voluntary standardization and conformity assessment system.
  10. The C.P.M. program was evaluated by the National Program on Noncollegiate Sponsored Instruction and recommended that the program can be worth as much as 12 college credits.

The above information can help bolster your case to earn the C.P.M. — whether you are convincing yourself, your employer, or both.

For more information, or to access online C.P.M. forms, click here.

For details (including specific Internet links), e-mail ISM's Certification Department at

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Supply Chain = Value Chain: Driving Results

A One-Day Educational Program
July 28, 2005
Rio All-Suite Hotel
Las Vegas

Sponsored by:
ISM Materials Management Group
ISM Logistics & Transportation Group

  • New Strategies for Transportation Management
  • Warehouse Operations and Inventory Management: A Supply Management Interface
  • Supply Chain and the Balance Sheet
  • Speed and Cash ... What's Your Role?

As a supply management professional, you are the wide angle lens of your business. You must see the business from all directions and points of view. It's your job to accommodate both internal and external customers all the while coordinating and managing suppliers. Attend this program and fine-tune your skills. Discover new trends in warehousing, transportation and improve your financial analysis expertise. This program offers lessons learned and success stories that you can apply in your organization. Stay ahead of your competition when you learn new ways to maximize the performance of your enterprise.

Speakers from:

  • Aberdeen Group
  • CATTAN Services Group, Inc.
  • Schneider Logistics, Inc.
  • Dell, Inc.

Earn 6.50 Continuing Education Hours (CEHs) towards your Recertification.

ISM Member Fee $495 (USD)/Nonmember Fee $695 (USD)

For program information or to register now, click here.

If you are attending the ISM Leadership Workshop in Las Vegas, why not come in a day early and participate in this valuable educational experience.

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Term of the Day

Today's ISM Term of the Day is: WORK IN PROCESS (WIP).

Definition: Semi-finished goods, located at some point in the production process.

A different Term of the Day is posted on the ISM Home Page ( each day -- 7 days a week. The Term of the Day is taken from the Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary of Key Supply Management Terms 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.

To access the Glossary click here.

If you are not a member but would like membership information click here.

Help us update this Glossary! If you don't find the term or definition that you are looking for let us know. We will be updating the ISM Glossary in the coming months, and your input will be useful for the new edition. To contact us regarding the Glossary, e-mail:

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Calendar of Events for July

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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