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Wednesday, August 18, 2010
   


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In This Issue ...
  • This Month in Inside Supply Management® Magazine — Read more.
  • Journal of Supply Chain Management Now on Thomson Reuters ISI Web of Knowledge℠ — Read more.
  • University of Texas at Dallas Masters Program Gains ISM Recognition — Read more.
  • Join the Movement to Elevate Supply Chain Careers and Profession — Read more.
  • Now Available — CPSM® Bridge Exam Diagnostic Kit, Web Version — Read more.
  • CAPS Research 11th Annual Best Practices Workshop — Read more.
  • Calendar of Events for September — 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 August 2010 issue is full of useful information, including the following articles:

  • Sustainability Through Data Visibility
    Improve your sustainability performance by working closely with supplier data to uncover green opportunities and reduce supply chain.

  • Draft Effective Warranties
    With a variety of product warranties, supply management professionals must know when each is appropriate and how to craft the best terms.

  • The Cost of Climate Change
    A quantifying model helps the food and beverage industry calculate costs and opportunities presented by a changing global environment.

Access the complete August 2010 issue of Inside Supply Management® magazine online.

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Journal of Supply Chain Management Now on Thomson Reuters ISI Web of Knowledge℠

The journal of choice for supply management scholars, Journal of Supply Chain Management (JSCM), has gained entry to a world-renowned citation database of more than 10,000 research journals. Thomson Reuters ISI Web of Knowledge℠ added the Journal following a rigorous evaluation of the publication's impact, influence, timeliness, peer review and geographic representation.

Now in its 46th year, the Journal of Supply Chain Management is published by Wiley-Blackwell on behalf of Institute for Supply Management™ (ISM). The Journal publishes papers by thought-leaders and top scholars in the field of supply management, as well as related disciplines including marketing channels and strategy, transaction cost economics, operations management and social network analysis.

According to Co-Editors-in-Chief Craig R. Carter, Ph.D., and Lisa M. Ellram, Ph.D., securing inclusion on the ISI Web of Knowledge℠ citation database is a huge accomplishment. "Our mission is to be the journal of choice across disciplines," Carter says. "The Journal's inclusion in this database will continue to help clarify and enhance understanding of the various aspects of supply chain management to individuals worldwide who can now incorporate relevant Journal content into their scholarly research and decision-making. It will also help to quantify the impact of research published in the Journal, and will encourage even greater submissions from authors located outside the U.S."

The Journal can be located on Thomson Reuters ISI Web of Knowledge℠ — Science by searching the term "Journal of Supply Chain Management" in the Master Journal List field. Acceptance into ISI will also assign the Journal an impact factor (a measure of relative importance based on average number of citations) based on articles published from 2008 onward.

For details, visit the JSCM website, follow JSCM on Twitter or order a subscription directly from Wiley-Blackwell.

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University of Texas at Dallas Masters Program Gains ISM Recognition

Institute for Supply Management™ (ISM) has granted official recognition to the Master of Science (M.S.) in Supply Chain Management degree program offered at The University of Texas at Dallas (UT Dallas). Institutions of higher education that seek ISM approval agree to submit their academic programs and curricula to ISM for evaluation. As part of the review process, the UT Dallas School of Management provided proof of Association to Advance Collegiate Schools of Business (AACSB) accreditation and extensive details on curriculum for its M.S. in supply chain management. A panel of subject matter experts concluded that the information provided by UT Dallas compares favorably to the body of knowledge of supply management as defined by ISM.

In summary findings, evaluators noted particular strong areas of content and curriculum, including specific courses on software in supply management, and a focus on risk and decision-making. The panel review also confirmed that outlined curriculum is relevant to the study and preparation for ISM's Certified Professional in Supply Management® (CPSM®) designation.

According UT Dallas leaders, ISM's favorable acknowledgment of the Master of Science in Supply Management degree comes at a perfect time. "This fall, the School of Management is unveiling an executive program with an emphasis in product lifecycle and supply chain management, "says Shawn Alborz, Ph.D., director of operations management. "ISM approval of our M.S. in Supply Chain Management degree program gives us even more confidence that we are providing relevant and meaningful education for those who are entering the profession or continuing to lead the profession."

To learn more about the Master of Science in Supply Chain Management degree program, visit the UT Dallas School of Management website. Educational institutions that wish to seek ISM approval can contact Christina Foster, SPHR, ISM Vice President—Strategic Relations—Diversity.

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Join the Movement to Elevate Supply Chain Careers and Profession

A critical need for skills-savvy supply chain professionals is fueling a coordinated effort to increase the depth of talent and promote an abundance of career paths. The Supply Chain Talent Academic Initiative (SCTAI) leverages experience and leadership from all sectors of industry and academia to enrich the supply chain talent pool. SCTAI is a global partnership that began as a call to action at the 2007 Supply Chain Council World Conference.

SCTAI members include individuals from major universities and corporations as well as leading supply management and operations management associations including Institute for Supply Management™, APICS The Association for Operations Management and Supply Chain Council. Participating consultancies and academic institutions include Gartner, Michigan State University, The Pennsylvania State University and University of Texas — Austin.

The initiative is designed to benefit the profession as a whole. Participants have embarked on research, workshops and cross-industry projects that support several goals:

  • Identify industry competency requirements for supply chain talent, and provide forecasts of those requirements for university program planning
  • Assist universities and other educational institutions in building programs to meet those competency requirements
  • Market the supply chain profession as a career of choice

Founding member Jake Barr says the group seeks additional participants as well as industry funding. "We welcome fresh perspectives and ideas," says Barr, a director of manufacturing, planning and logistics for Procter & Gamble (P&G). "Companies that provide direct financial support will have direct input into the initiative's priorities and will also have access to a supply chain management grant-making simulation that is under development." Companies that have provided financial support to date include: The Boeing Company, IBM, Intel Corporation, Royal Philips Electronics, Procter & Gamble (P&G) and Whirlpool Corporation.

SCTAI participants agree to share non-competitive materials, programs and best practices. Materials that result from collaborative efforts will be available in the public domain and will include: demand forecasts, a library of industry knowledge and material for university program development, coordinated industry-to-university support, a supply chain management simulation for use in delivering grants to university students and resources designed to market the profession to high school and college students including School Counselor Information On Supply Management Careers.

Visit SCTAI online, connect with SCTAI participants via e-mail, or join the LinkedIn group.

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Now Available — CPSM® Bridge Exam Diagnostic Kit, Web Version

Created just for current C.P.M.s with a bachelor's degree, the CPSM® Bridge Exam Diagnostic Kit, Web version, is one of the most sought-after CPSM® study tools. It helps you focus your study efforts by identifying any areas of supply management that need strengthening. You get a sample test for the CPSM® Bridge Exam with a scoring chart and correct answers, including justifications and references. To be used with the CPSM® Study Guide.

Content in the Web Diagnostic Kit is equivalent to the print version. However, the Web-based version more closely simulates the test-taking environment.

Remember, the CPSM® Diagnostic Kit works in conjunction with the CPSM® Study Guide and the ISM Professional Series. This allows you to study effectively and efficiently in the areas you need to strengthen the most. The CPSM® Diagnostic Kit tells you exactly where to find the explanations in the in the CPSM® Study Guide, the ISM Professional Series and a few other resources.

Other available CPSM® Diagnostic Kits:

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CAPS Research 11th Annual Best Practices Workshop

It is not too late to secure your seat at the CAPS Research 11th Annual Best Practices Workshop, which is being held September 26-28 in Phoenix at the Arizona Grand Resort.

This year's theme, "Creating Value in the New Economy," features an economic outlook for 2011, interactive working sessions, industry case study presentations and different breakout sessions that focus on two research initiatives: value-focused supply, and accelerating innovation through the supply base.

The CAPS Research Best Practices Workshops are modeled after the highly acclaimed International Executive Roundtables and are designed for senior executives who usually report to the CPO (or are CPOs themselves) at organizations that are CAPS Research sponsors. The workshop's energetic environment allows high-potential professionals to network within their peer group, share experiences about strategies and processes, and learn firsthand the results of recently completed major research activities.

If your organization is already a CAPS Research sponsor and you are interested in attending this event, please contact CAPS by e-mail.

If your organization is not a CAPS Research sponsor and you would like information on the benefits of sponsorship, send an e-mail to research@capsresearch.org.

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Calendar of Events for September

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Term of the Day

Today's ISM Term of the Day is: SUNK COSTS.

Definition: Costs already incurred prior to a decision and cannot be changed by any decision now or in the future.

A different Term of the Day is posted on the ISM Home Page 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.

Access the online Glossary.

If you are not a member but would like membership information, visit the ISM website.

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  • 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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