--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Wednesday, January 16, 2008
   


Ariba

University of San Diego School of Business Administration

Primacy

Karrass

In This Issue ...
  • This Month in the Inside Supply Management® Magazine.  Read more.
  • ISM's Professional Development Services.  Read more.
  • Latest Issue of eDigest: Chemicals Newsletter Available.  Read more.
  • Web Seminar — An Achievable Approach to Master Data Management.  Read more.
  • Employment Verification for the C.P.M. and CPSM.  Read more.
  • Calendar of Events for February.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


This Month in the Inside Supply Management® Magazine

Have you checked out this month's issue of Inside Supply Management® magazine? The January issue is full of useful information and includes the following articles:

  • Profile: Rolls-Royce
  • A New Method for Evaluating Outsourcing
  • Mentoring Programs for Rising Stars
  • Electronic Reverse Auctions

To access the January Inside Supply Management® magazine's table of contents, which contains links to all this month's articles click here.

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ISM's Professional Development Services

Training You Want — On Your Schedule — At Your Location — In Your Language

ISM Professional Development programs strengthen your organization by building and aligning the talent and resources needed to increase efficiency across the entire supply chain. From off-the-shelf courses to fully-tailored programs that include blended content and delivery options, ISM is dedicated to preparing your team's contribution toward your organization's dynamic future. Our programs also represent a green, sustainable solution to your organization's professional development. By eliminating transportation costs and holding training on your own schedule and location, you reduce your organization's carbon imprint.

For additional information, contact: Rene A. Yates, C.P.M., Manager, Professional Development Services, 800/888-6276 or 480/752-6276, Extension 3080, ryates@ism.ws, or Toni J. Caserta, Manager, Professional Development Services, 800/888-6276 or 480/752-6276, Extension 3095, acaserta@ism.ws.

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Latest Issue of eDigest: Chemicals Newsletter Available

The quarterly issue of eDigest: Chemicals newsletter was released this week. Highlights from the January 2008 issue include:

  • Sustainability Gains Ground in Paint and Coatings: For nearly five decades, the global paint and coatings industry has made advancements toward environmentally advanced technologies. These efforts — and those still on the horizon — were spotlighted at the most recent Brazilian Paint Manufacturers Association.

  • Natural Gas Prices Heat Up: According to the U.S. Energy Information Administration, more than half of U.S. households can expect to pay an average of $78 more this winter in fuel expenditures. In its Short Term Energy and Fuels Outlook for 2007-2008 report, the Arlington, Virginia-based organization showed natural gas heating costs have more than doubled since 2002.

  • Top-Notch Pharmaceutical Brand Teams: Successful pharmaceutical products rely on the savviest brand teams. Recent research from benchmarking organization Best Practices, LLC, uncovers what these teams have in common, from structure to composition to responsibilities.

  • Candle Companies See Opportunity, Not a Setback: As petroleum-based wax supplies continue to erode on a global scale, major wax end users are using the transition to vegetable-based and synthetic waxes as a marketing opportunity.

  • Mergers and Acquisitions: As the chemicals business has become mature and largely commoditized, many CEOs see organic growth alone as inadequate to achieve the double-digit growth rates they desire. The result is an ever-increasing number of global mergers and acquisitions.

  • What's Fueling the High Price of Oil?: Between January and November last year, a barrel of the benchmark West Texas Intermediate crude oil cost rose by 70 percent, from $58 to $98. This article examines the factors behind this increase and forecasts what supply managers can expect in 2008.

Produced in conjunction with the ISM Chemical Group, the eDigest: Chemicals newsletter is a quarterly e-newsletter that provides timely information on supply management topics pertinent to the chemical industry and those purchasing chemicals. Each issue contains articles, facts, strategies, and resources to help you understand the sourcing issues that face this dynamic field.

If you would like to access the January issue of eDigest: Chemicals newsletter click here.

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Web Seminar — An Achievable Approach to Master Data Management

February 12, 2008
2:00 pm Eastern, 11:00 am Pacific

Don't miss this one-hour STREAMING ONLY Web event hosted by ISM and sponsored by Quadrem.

Dirty master data leads to the failure of many otherwise well-thought out enterprise initiatives. Never is this more apparent than in the relationship between the procurement process and the vendor data that supports it. Yet the scope and complexity of Vendor Master Data projects stymies many companies from attacking the problem.

Learn from Forrester analyst Rob Karel and Quadrem Senior Vice President of Global Marketing and Solutions Chris Haydon how to identify and effectively address Vendor Master Data issues in your company.

This seminar is tailored for supply chain professionals evaluating how to cope with dirty and inconsistent vendor data. Take an hour to hear Forrester's latest research on trends, best practices and the impact Master Data Management can have on purchasing. Quadrem will provide a series of leading practice case studies from its global customer base.

You will learn to:

  • Determine dimensions that constitute Master Data Management (MDM)
  • Identify drivers and inhibitors of MDM adoption
  • Assess your data quality and readiness to address concerns
  • Select an approach that sets practical first steps, reasonable milestones and goals
  • Identity when to DIY and when to outsource
  • Determine how to work with IT for optimal success

This complimentary Web Seminar qualifies for one CEH credit at ISM.

For full information and to register click here.

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Employment Verification for the C.P.M. and CPSM

The C.P.M. and CPSM programs have a work experience requirement. Documentation of employment can be done in one of the following ways:

  1. A letter from your supervisor. The supervisor does not have to be currently employed with the company where you both worked. He or she just needs to have been your supervisor at the time of your employment.

  2. Signed job description from the company (usually from the human resources department).

  3. A letter from a coworker. This person does not have to be currently employed with the company where you both worked. He or she just needs to have been your coworker at the time of your employment.

  4. A letter from a supplier with whom you worked.

  5. Your most recent employer can verify all your past work experience; however, ISM would need to know how they verified that experience.

All documentation needs to have the following:

Your name, dates of employment, job title(s), job description for each job title signature of supervisor or company representative, their job title and their contact phone number.

Résumés and business cards are not accepted by ISM as proof of employment.

ISM has samples of work experience letters on our Web site click here.

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Calendar of Events for February

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Term of the Day

Today's ISM Term of the Day is: KAIZEN BUDGETING.

Definition: A Japanese-inspired approach to continuous renewal that emphasizes a gradual, methodical process to change and improvements in financial systems.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day — 7 days a week. The Term of the Day is currently 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.

To access the online Glossary click here.

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

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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