|In This Issue ...
- This Month in Inside Supply Management® Magazine — Read more.
- Deadline Extended — Re-Subscribe to Just in ETime by July 16! — Read more.
- No-Cost Web Seminar June 24: Tackling the Procurement of Complex Services — Read more.
- ISM 2010 Salary Survey Now Available — Read more.
- ISM Offers Japanese Language Option for CPSM® Exam — Read more.
- Supply Management Legend Fearon Receives Inaugural Hoagland Award — Read more.
- Calendar of Events for July — 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 June 2010 issue is full of useful information, including the following articles:
To access the complete June 2010 issue of Inside Supply Management® magazine, click here.
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|Deadline Extended — Re-Subscribe to Just in ETime by July 16!
If you haven't done so already, you can ensure you keep receiving Just in ETime by taking a moment to re-subscribe by the extended deadline of Friday, July 16, 2010.
To manage your e-mail preferences:
- First log into the ISM Web site using your username and password.
- If you have never created a profile/account on the ISM Web site — or if you don't remember if you have an account — click "Log In" in the upper right-hand corner of the ISM Home Page.
- Under "Log In," you will find a "Did you forget your username and password?" link. Click that link, and enter your e-mail address. (If you have more than one e-mail address, try each one.)
- If you do have an account, the ISM system will e-mail you your username and password.
- If, however, the system tells you the e-mail address was not found in our records, you will want to create a new account. Do this by clicking the "My Account" tab in the upper right-hand corner of the ISM Web site, followed by "Create New Account."
- Once you've created your new account, proceed to the "Manage Newsletters" link, which is also found under the "My Account button" tab.
- Finally, select Just in ETime from the list of available newsletters.
If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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|No-Cost Web Seminar June 24: Tackling the Procurement of Complex Services
Date: Thursday, June 24, 2010
Time: 1 p.m. EDT / 10 a.m. PDT
Duration: 60 minutes
As organizations outsource more and more services (including IT, contingent labor, facilities management, business consulting and marketing), these complex categories have become increasingly attractive targets for improving the bottom line. Services are traditionally more difficult to manage than goods; they are fundamentally complex, purchased across the enterprise and, in some cases, regarded as "sacred cows" that shouldn't be centrally controlled.
Transformative leaders are employing innovative technologies to break through the many barriers associated with procuring complex services. By implementing an integrated platform — from spend analysis, strategic sourcing and contract management, to services procurement and supplier risk — today's leading enterprises are gaining strategic value and sustainable savings from services categories.
Join Forrester and industry practitioners for a one-hour interactive panel discussion to learn how:
- End-to-end strategic supply management can deliver hard-cost savings and provide the visibility, control and automation of the services supply chain.
- Spend analysis can help you identify the size of the prize across all types of services spend.
- To source high profile services that can reduce costs.
- Contract management can help structure strong contracts with service providers.
- To realize sourced and negotiated savings.
Presenter / Moderator:
- Patrick Connaughton
- Jim Holbel
Subject Matter Expert for Services Procurement
(View a video of Holbel discussing services procurement.)
- Sean Correll
Director, Consulting Services
Attendance of the live session of this Web seminar qualifies for one CEH credit at ISM.
As of April 1, 2010, all ISM Web Seminar registrants are required to register individually for each online event to qualify for the CEH credit. Those wishing to view presentations with a group must register individually and also provide the registrant's (group leader) e-mail address under which the event will be viewed. View ISM's Web seminar participation details and instructions online.
To register, or for more details, click here.
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|ISM 2010 Salary Survey Now Available
The world's largest supply management organization, Institute for Supply Management™ (ISM), this month releases analysis of its fifth comprehensive salary survey.
ISM surveyed supply management professionals in the United States during January and February 2010. Random samples of customers were pulled from an ISM database that included both members and nonmembers. An e-mail message requesting participation was then sent to these customers. In all, a total of 973 responses were received, representing a response rate of 7.3 percent.
ISM's salary survey established average salaries (for the 2009 calendar year, all in U.S. dollars) for the following job titles:
- Chief Purchasing/Supply Management/Sourcing: $240,408
- Vice President, Purchasing/Supply Management/Sourcing: $226,562
- Director, Purchasing/Supply Management/Sourcing: $132,398
- Manager, Purchasing/Supply Management/Sourcing: $94,384
- Experienced Supply Management Professional: $71,348
- Entry-Level Supply Management Professional: $50,506
Additional summary report details include:
ISM's new Certified Professional in Supply Management® (CPSM®) designation is making a positive impact on the profession. Respondents who earned this designation reported an average salary that was 9.8 percent higher than those without any certifications, and 8.9 percent more than those who have not earned their CPSM®.
Gender still appears to affect the salary supply management professionals
can expect to receive. The average salary among male respondents to this survey
was $104,443, while the average salary among female respondents was $88,078.
A brief summary of the results is available to the general public, while a detailed report is available at no charge to ISM members. Nonmembers may purchase the detailed report for US$199. The reports can be accessed in the ISM Career Center, click here.
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|ISM Offers Japanese Language Option for CPSM® Exam
For more than one year, Institute for Supply Management™ (ISM) has offered Japanese as a language choice for supply management professionals who are preparing to take the Certified Professional in Supply Management® (CPSM®) computer-based Exams. ISM affiliate ISM—Japan, Inc. was instrumental in providing support for the Japanese language exams.
"Soon after ISM's CPSM® credential became available in May 2008, we partnered with ISM worldwide headquarters to provide candidates with the CPSM® Exam in Japanese," says ISM—Japan, Inc. Chief Executive Officer Osamu Uehara, CPSM, C.P.M., A.P.P. "It is gratifying to hear from those who have successfully achieved the CPSM® and be told that they found the Japanese language option very beneficial." All three CPSM® Exams have been fully translated and available as computer-based exams since April 2009.
Candidates may purchase official ISM CPSM® study materials in English either through the ISM Web site or through the ISM—Japan, Inc. Web site. The CPSM® Study Guide is available in Japanese through the review course offered through ISM—Japan, Inc. All CPSM® candidates register for the CPSM® Exam with ISM. When a candidate schedules a specific exam date with the computer testing center, the candidate is given a choice of language options. Exam registrations expire after one year from the date of purchase.
The CPSM® surpasses the demands of the international marketplace and requires supply management professionals to demonstrate multifaceted skills in areas such as supplier relationship management, commodity management, risk and compliance issues, and social responsibility. For more information on the CPSM® designation and how it can benefit you and your employer, contact ISM Professional Credentials online or e-mail, or contact ISM—Japan, Inc..
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|Supply Management Legend Fearon Receives Inaugural Hoagland Award
Institute for Supply Management™ (ISM), with the support of the ISM Educational Resources Committee, has awarded the John H. Hoagland Award for Distinguished Service to Harold E. Fearon, Ph.D., C.P.M. Fearon was recognized during the 2010 North American Research and Teaching Symposium held this past March in Tempe, Arizona.
Inaugural honoree Harold "Hal" Fearon is a pioneer scholar, educator and author. He is professor emeritus at Arizona State University (ASU), having joined the ASU faculty in 1961 as assistant professor of management, following five years on the Michigan State University faculty. Fearon started ASU's Purchasing, Transportation, Operations Department (now the Supply Chain Management Department) and served as its first chair. In 1986, he initiated the Center for Advanced Purchasing Studies (now CAPS Research), a joint effort of ISM and ASU, and served as its first director for 10 years.
Fearon was an active faculty member at ASU for 28 years and retired in 1989. In 1994, he was honored with the establishment of the Harold E. Fearon Endowed Professor of Purchasing Chair, under the Eminent Scholars Program at ASU, with an endowment of more than US$2 million. Fearon began the Journal of Purchasing in 1965 as its first editor. ISM continues to publish the Journal, now the Journal of Supply Chain Management. Fearon is a 1992 J. Shipman Gold Medal recipient.
The John H. Hoagland Award for Distinguished Service is named for John H. Hoagland, Ph.D., C.P.M., professor emeritus at Michigan State University's Eli Broad College of Business. Hoagland taught from 1952 until his retirement in 1990. He is internationally recognized for his contributions to education and research in supply management for undergraduate, graduate and executive students. His legacy to purchasing and the supply management profession includes contributions to business and economic research, notably the advancement of ISM's Business Survey Committee by improving its monthly statistical reports. His methodology has now been adopted worldwide. Hoagland is a 1989 J. Shipman Gold Medal recipient plus a Garner-Thèmoin Award recipient from the International Federation of Purchasing and Materials Management (now the International Federation of Purchasing and Supply Management).
In 2004, Michigan State University announced a US$2 million Hoagland-Metzler Endowed Chair in Purchasing and Supply Management at the Eli Broad College of Business. The endowment was raised through the efforts of Richard J. Metzler, ISM, CAPS Research, and many other individuals and companies.
Doctors Fearon and Hoagland share several milestone "firsts." In 2010, Dr. Fearon is the first Hoagland Award recipient, and 50 years earlier, he was Dr. Hoagland's first doctoral student at Michigan State University. Hoagland served as dissertation chair for the doctoral thesis titled Purchasing Research in American Business, which Fearon submitted in 1961 for his Ph.D. degree.
The John H. Hoagland Award is designed to recognize outstanding contributions to the field of supply management through research, teaching and service. It will not be conferred annually, but will be presented to individuals whose lifetime achievement and contribution to the field deserves special recognition. ISM's Educational Resource Committee leadership will solicit nominations and administer the selection process. For more information and selection criteria, contact ISM Education Resource Committee Adviser Robert A. Kemp, Ph.D., CPSM, C.P.M..
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|Calendar of Events for July
Release of the Manufacturing Report On Business®
ISM Headquarters Closed — Independence Day
Release of the Non-Manufacturing Report On Business®
Advanced Negotiation Strategies: Advanced Concepts and Techniques for Optimizing Value through Negotiations
ISM Finance Committee Meeting
Legal Aspects of Supply Management: The Basics You Need to Succeed
Supplier Relationship Management for Collaboration, Impact and Business Success
CISM Annual Membership Meeting
Toronto, Ontario, CA
Strategic Services Procurement: Applying Strategic Sourcing Principles to the Procurement of Services
Contracting for Purchasing and Supply Management: Beyond the Basics
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|Term of the Day
Today's ISM Term of the Day is: EQUAL EMPLOYMENT OPPORTUNITY COMMISSION (EEOC).
Definition: U.S. federal agency in charge of administrative and judicial enforcement of the federal civil rights laws with regard to employment practices.
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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