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

 
Monday, January 4, 2010
   


ISM's 95th Annual International Supply Management Conference

ISM-ADR School for Supply Management

ISM's Hispanic Supply Management Summit

The ISM and NBTA Summit on Travel, Meetings & Supply Management

J. Shipman Award

In This Issue ...
  • December Manufacturing ISM Report On Business®: PMI at 55.9% — Read more.
  • Inside the Latest eSide Supply Management — Read more.
  • "Best Practices in Supply Management Professional Development" — Free Web Seminar January 13 — Read more.
  • No-Cost Webinar January 21: "Building Competitive Advantage" — Read more.
  • January 31 Deadline approaches for 2010 J. Shipman Award Nominations — Read more.
  • The ISM and NBTA Summit on Travel, Meetings & Supply Management — Read more.
  • Web Site 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.


December Manufacturing ISM Report On Business®: PMI at 55.9%

Economic activity in the manufacturing sector expanded in December for the fifth consecutive month, and the overall economy grew for the eighth 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 manufacturing sector grew for the fifth consecutive month in December as the PMI rose to 55.9 percent, its highest reading since April 2006 when it registered 56 percent. This month's report is quite strong as both the New Orders and Production Indexes are above 60 percent. The sector may be benefiting from an excessive destocking cycle as indicated by the recent performance of the Customers' Inventories Index. Customers' inventories have been 'too low' for nine consecutive months, and this month's index is the lowest reading since the inception of the index in January 1997. Overall, the recovery in manufacturing is continuing, but there are still some industries mired in the downturn as evidenced by the seven industries still in decline."

To read the entire release, click here.

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Inside the Latest eSide Supply Management

Check out the November/December 2009 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:

  • Assess Negotiation Outcomes Using the Subjective Value Inventory
    Who won? Given our competitive human nature and personal need for achievement, it's easy to understand why the question comes up — but how does a negotiator answer this question in actual practice?

  • CPSM® Update: The Diagnostic Kit Goes Online
    In August, Institute for Supply Management™ released its much-anticipated CPSM® Diagnostic Kit (Web version) to help candidates focus their study efforts — right from their computers. The Web-based CPSM® Diagnostic Kit was designed to more closely simulate the test-taking environment.

    Here are some common questions — and answers — from supply management professionals considering adding the CPSM® Diagnostic Kit (Web version) to their study regimen.

  • The Top 5 Supply Management Programs in America
    This summer, AMR Research set out to identify which U.S.-based supply management university programs are doing the best job preparing students for increasingly global, integrated real-world supply management roles.

    David Aquino and Bob Kraus, authors of Leading U.S. Supply Chain Programs, 2009, surveyed 126 companies and 19 universities to determine how well U.S. universities are teaching 11 key components, or "talent attribute stations," necessary for supply management graduates today.

To access past editions of eSide, click here.

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"Best Practices in Supply Management Professional Development" — Free Web Seminar January 13

Date: Wednesday, January 13, 2010
Time: 11 a.m. EST/8 a.m. PST
Host: The ISM-ADR School for Supply Management
Length: 60 minutes
Cost: Free

When you register for this January 13 Web seminar, you'll get the ISM-ADR School for Supply Management's new, no-cost whitepaper, Best Practices in Supply Management Professional Development: Don't Train—Make an Investment and Expect a Return. The whitepaper focuses on the differences between ad hoc training and professional development, highlighting the investment rewards for professional development programs for key employees.

Supply management teams need to apply the same strategic approaches and discipline to their professional development as they do to the purchasing categories they manage. Unfortunately, many companies approach professional development as an ad hoc string of training courses. Employees may learn new skills, but without support, it is difficult to put those new skills to use.

A better approach is to target employee needs and provide a professional development program wherein learning experiences are put to use by providing long-term mentoring, coaching and monitoring progress.

Join Bill Michel and other members of the ISM-ADR School for Supply Management to discover why training may be considered an expense, but professional development is an investment with high returns and measurable results. You will learn:

  • How "training" and "professional development" differ
  • Elements of a professional development program
  • The importance of a personal development plan (PDP)
  • How to embed new skills into the workplace
  • The ins and outs of measuring your return on investment.

Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM.

Participation details are available online.

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No-Cost Webinar January 21: "Building Competitive Advantage"

What: "Building Competitive Advantage: How DHL Leverages Technology to Unleash Supplier Innovation and Drive Value Across the Enterprise"
Date: January 21, 2010
Time: 1 p.m. EST / 10 a.m. PST
Length: 60 minutes
Cost: Free

With the global economy emerging from a deep recession, procurement professionals grapple with higher performance expectations more than ever. Supplier collaboration is increasingly more important to help organizations regain the profitability they enjoyed just a few years ago.

Leading procurement organizations have the right processes and technologies in place to regain their competitive advantage. They have raised the profile of procurement within their enterprises to better manage total costs and negotiate optimal contracts. They are also masters at engaging suppliers in relationships that drive profitability.

If your organization is not quite there, now is the time to take action. Join us for a live, interactive panel discussion where you'll learn:

  • Practical supplier partnering approaches that encourage innovation
  • How technology can give you a competitive advantage, both internally and externally
  • Strategies to strengthen your supplier relationships to increase profitability
  • Techniques to source high profile services that can reduce costs

Featured Speakers:

  • Wayne Evans
    Sr. Vice President, Procurement
    DHL

  • Sven Blawatt
    Manager, Procurement
    DHL

  • Sean Correll
    Global Director, Consulting Services
    Emptoris

Moderator:

  • Donavon Favre
    Professor, Supply Chain Management
    North Carolina State University

Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM.

Participation details are available online.

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January 31 Deadline approaches for 2010 J. Shipman Award Nominations

Institute for Supply Management™ (ISM) is currently accepting nominations for the J. Shipman Gold Medal Award and will continue taking nominations until January 31, 2010. The J. Shipman Gold Medal Award is presented annually to an individual whose persistent efforts have aided the advancement of supply management.

Johnson Shipman, a pioneer member of the New York affiliate of the National Association of Purchasing Agents, was well-known for giving liberally of his time and counsel. The award was established in 1931 to commemorate the contributions of Shipman, a man known for his vision, intellect and influence on important issues. The award is presented to those individuals whose modest, unselfish, sincere and persistent efforts have aided the advancement of the supply management field. Those chosen for the award have also assisted and guided members of the supply management profession in their endeavors.

The 2010 J. Shipman Gold Medal Award Winner will be honored at an awards luncheon on Tuesday, April 27, 2010 at ISM's 95th Annual International Supply Management Conference and Educational Exhibit in San Diego.

If you wish to nominate someone who has performed distinguished service for the cause and advancement of supply management as an innovator, community leader, mentor and teacher, please contact Janis Kellerman jkellerman@ism.ws at 800/888-6276, extension 3023 (or, for callers outside the United States, +1 480/752-6276, extension 3023). Nominees do not have to be ISM members.

For more information on previous Shipman medalists, click here.

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The ISM and NBTA Summit on Travel, Meetings & Supply Management

When: January 27-28, 2010
Where: Tampa, Florida

Whether you're challenged to increase services without an increase in your budget or your budget was cut, you need to maximize your 2010 travel and meeting spend. Gain expert insights from both procurement and travel management professionals.

The Summit is a dialogue between high-level travel and procurement professionals. It's a unique forum for travel and meetings managers and those in procurement with supervisory oversight of travel and meetings to collaborate and share insights.

Explore how to maximize your 2010 travel and meetings spend at this high-level, two-day summit. Highlighted sessions include:

  • The View from the Top
  • The Sacred Cows Go Home
  • Economic Outlook
  • The Future of Work
  • The Art of the Deal
  • The Metrics of Value
  • The Right Model

For conference information, to view the agenda or to register, click here.

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Web Site of Interest

This month's Web Site of Interest is National Minority Supplier Development Council® (NMSCD®):

The National Minority Supplier Development Council ® (NMSDC®) provides a direct link between corporate America and minority-owned businesses. Chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes, it is one of the country's leading business membership organizations.

The NMSDC Network includes a national office in New York and 38 regional councils across the country. There are 3,500 corporate members throughout the network, including most of America's largest publicly owned, privately owned and foreign-owned companies, as well as universities, hospitals and other buying institutions. The regional councils certify and match more than 15,000 minority owned businesses (Asian, Black, Hispanic and Native American) with member corporations which want to purchase goods and services.

To access NMSDC, click here.

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these Web sites, or any other Web site(s) accessible from these Web sites, 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: LIMITED LIABILITY COMPANY..

Definition: Special form of business organization combining aspects of a corporation and a partnership.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) 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.

To access the online Glossary, click here.

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

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It's Easy to Subscribe to the Just in ETime Newsletter

The Just in ETime e-mail newsletter delivers ISM- and supply/procurement-related news and updates directly to subscribers' desktops every other week. You'll receive breaking news, such as the ISM Report On Business®, information on upcoming seminars and programs, changes to ISM's certification programs, as well as Web sites of interest to supply/procurement professionals.

It's easy to subscribe to the Just in ETime newsletter: all you need is your e-mail address. Best of all — there's no charge to become a subscriber!

To subscribe to Just in ETime, click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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