Wednesday, December 1, 2004

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ISM's 90th Annual International Supply Management Conference

In this issue...

November Manufacturing ISM Report On Business®: PMI at 57.8%

Economic activity in the manufacturing sector grew in November for the 18th consecutive month, while the overall economy grew for the 37th 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, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee and group director, strategic sourcing and procurement, Georgia-Pacific Corporation. "November reverses three consecutive months in which the rate of growth had slowed. The manufacturing sector appears poised to end the year on a strong note as the New Orders Index made its way back above the 60 percent mark, and the Employment Index picked up significant momentum. There is still significant upward pressure on prices as commodity price increases are common."

To read the entire release click here.

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ISM's 90th Annual International Supply Management Conference

ISM's 90th Annual International Supply Management Conference information is now available online. The 2005 Conference takes place May 8-11 in San Antonio, Texas. A Year's Worth of Insight in Just Four Days!

Keynote Speakers Include:

  • Phylicia Rashad, Actress, Entertainer, Emmy Award Nominee, Tony Award Winner
  • Dieter Huckestein, President — Hotel Operations, Owned & Managed, Hilton Hotels Corporation
  • Thomas F. Siems, Senior Economist and Policy Advisor, Federal Reserve Bank of Dallas
  • Robert Fry, Senior Associate Economist, DuPont
  • Randall L. Stephenson, Chief Operating Officer, SBC Communications Inc.
  • David Robinson, NBA All-Star, MVP, World Champion

For more information or to register click here.

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One on One: An Interview with Robert G. Talbott

Each quarter the Journal of Supply Chain Management: A Global Review of Purchasing and Supply interviews an up and coming supply chain executive. The Summer 2004 issue of the Journal features an interview with Robert G. Talbott the vice president of supply management for Fireman's Fund Insurance Company headquartered in Novato, California. He is responsible for the strategic sourcing, procurement, contracts and real estate departments for this national property and casualty insurance company. He reports directly to the organization's chief administrative officer. Historically, Fireman's Fund had no formal supply management processes, and the company recruited Talbott in May 2002 to develop and institute the required systems and performance measures. In less than one year, the Fireman's Fund supply management department realized savings of more than $16 million.

Here's an excerpt from the interview:

The Journal: What were your first priorities when you came to Fireman's Fund Insurance Company? How did you start out?

Robert G. Talbott: I asked for and was given six months to understand the situation before I committed to deliverables. For the first six months, I gathered information, retooled the department and developed a vision. During the restructuring, we had nearly 80 percent turnover in the supply management department. We didn't replace people. We introduced new skill sets, attitudes and a sense of opportunity for the organization. For example, for a sourcing specialist, I sought skills in communication, team management and internal customer focus, in addition to supply management, negotiation and industry experience. When recruiting new team members, I hired 50 percent skill and 50 percent attitude. I viewed strategic supply management skills as higher priority than experience in the insurance industry. Now, I have about 40 people on the supply management staff, and two of them have insurance or financial backgrounds.

To read the entire interview with Mr. Talbott click here.

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C.P.M. Recertification Requirements

In last month's Just in ETime newsletter we covered the requirements for earning your original C.P.M. designation. This month we're covering the recertification requirements for a C.P.M.

Individuals who have earned their C.P.M. designation are required to be recertified every five years. To be recertified, an applicant must earn 12 C.P.M. points during their current certificate period. At least two-thirds of the points must be educational in nature. One-third may be earned in the professional contributions category.

C.P.M. points may be earned in the following categories:

  • College Courses (Taken or Taught)
  • Continuing Education (Taken or Taught)
  • Contributions to the Profession
  • Successful completion of Module 3 and/or 4 of the updated C.P.M. Exam

For more information or to download the C.P.M. Recertification Application click here.

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Web Site of Interest

Today's Web Site of Interest is: GLOBALCPO.COM.

The Web site is an information resource for Chief Procurement Officers focusing on best practices involving technology and innovation.

To check out this Web site click here.

Please note: This external Internet address contains information created, published, maintained, or otherwise posted by institutions or organizations independent of ISM. Links from this Web site, or any other Web site(s) accessible from this Web site, to any product, entity, service, or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other Web site.

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Term of the Day

Today's ISM Term of the Day is: DUTY DRAWBACK.

Meaning: A refund of customs duties paid on imported components that are subsequently reexported as part of a finished product.

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.

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From Our Sponsor…OnVantage, Inc.

Free Spend Management Resource Kit for Meetings & Events

Are you aware of strategies and tactics to control meeting-related spending? As a procurement professional you are well aware of cost-cutting initiatives that companies have implemented to reduce direct, indirect and even services spending over the last decade. Due to the hidden nature of meeting-related costs, similar initiatives have largely been absent for meetings expenditure. OnVantage now brings you a compilation of case studies, best practices, articles and more on the subject of managing meeting spend. If you feel you could use some tips in this area, click here to access your very own Spend Management Resource Kit for Meetings & Events.

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Final Month of ISM's 2004 Member-Get-A-Member Campaign

It's Showtime!

The 2004 Member-Get-A-Member Campaign
Presented by: ISM
Premiering: January 1 - December 31, 2004
Starring: YOU!

It's time to show your colleagues and friends all that ISM membership can do for them, and to win some cool rewards at the same time.

The 2004 Member-Get-A-Member Campaign features all-new rewards like ISM notepads, portfolios, and gym bags. Hurry this campaign ends December 31st!!

Start by downloading the official campaign brochure and application. click here.

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Just in ETime Subscriptions

The Just in ETime e-mail newsletter delivers ISM- and purchasing/supply-related news and updates to subscribers' desktop every other week -- FREE! Breaking news, such as the ISM Report On Business®, information on upcoming seminars and programs, changes to certification rules/requirements, as well as Web sites of interest to purchasing/supply professionals.

For your free copy click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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