Wednesday, September 15, 2010

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In This Issue ...
  • This Month in Inside Supply Management® Magazine — Read more.
  • September 29 Webinar — SMM Data: Understanding and Optimizing Program Performance — Read more.
  • Institute for Supply Management™ Partners With Supply Chain Council — Read more.
  • Journal of Supply Chain Management Now on Thomson Reuters ISI Web of Knowledge℠ — Read more.
  • CAPS Research 11th Annual Best Practices Workshop — Read more.
  • Calendar of Events for October — 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 September 2010 issue is full of useful information, including the following articles:

  • Engaging Suppliers to Excel
    Strategic performance management teams give Lockheed Martin Missiles and Fire Control (MFC) a clear shot at collaborative innovation and cost reduction targets.

  • Recognition: Why Metrics Matter
    Still not getting the respect you deserve? It might be how you're communicating metrics to the C-suite.

  • Craft a Winning Résumé
    As the job market improves, supply management professionals must take a strategic approach to their résumés to stand out from the competition.

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

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September 29 Webinar — SMM Data: Understanding and Optimizing Program Performance

Date: Wednesday, September 29, 2010
Time: 1 p.m. (EDT) / 10 a.m. (PDT)
Price: No-cost
Length: 60 minutes
Host: ISM
Sponsor: Maxvantage.

For many organizations, meetings represents one of the largest categories of unmanaged spend. With the emergence of the new normal, companies are increasingly focused on meetings management.

Best-in-class strategic meetings management programs (SMMPs) provide transparency, risk mitigation and cost reduction. Data from managed meetings programs are a key tool for understanding the effectiveness of spend, as well as identifying opportunities to improve mature programs.

How can your company benefit from managing meetings spend? What kind of data is collected in a managed program? How can you make the most of the data you collect? How can benchmark data be used to make improvements in mature SMMPs?

Join us for an interactive conversation with two experts in the field — Jill Reyes, Director of Implementation within the Shared Services organization for Maxvantage, and Stephen J. O'Malley, Senior Vice President and General Manager for Maxvantage — as they share their experiences and insights for making the most of a managed meetings program.

Attendees will:

  • Understand the value of a managed meetings program
  • Identify key areas for data collection and analysis
  • Understand and demonstrate the value of benchmarking data for program improvements
  • Explore emerging areas for meetings management.

Featured Speakers:

  • Jill Reyes
    Director of Implementation, Shared Services

  • Stephen J. O'Malley
    Senior Vice President and General Manager

Attendance of the live session of this Web seminar qualifies for one CEH credit at ISM. Register online.

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Institute for Supply Management™ Partners With Supply Chain Council

Institute for Supply Management™ (ISM) has reached an agreement with Houston-based Supply Chain Council, Inc. (SCC) to offer member access and discounts to each organization's training and certification programs for supply management. ISM is a not-for-profit membership association that leads and serves supply management professionals across the globe. SCC is a global not-for-profit corporation with membership open to companies and organizations. SCC is a leading authority on supply chain methodology, diagnostics and benchmarking based on the Supply Chain Operations Reference model (SCOR®).

As a result of this partnership, SCC members are eligible for member pricing on ISM educational programs and testing for the Certified Professional in Supply Management® (CPSM®) professional credential as well as registration for the ISM 96th Annual International Supply Management Conference and Educational Exhibit (May 15-18, 2011 in Orlando, Florida).

ISM members have access to SCC's SCORmark® supply chain benchmarking database, and will receive member rates for SCOR Framework and Project workshops as well as global SCC events, including the upcoming Supply Chain World Europe (October 24-26, 2010 in Munich, Germany) and SCC Executive Summit (October 13-15, 2010 in Houston).

"This collaboration allows a range of products to be made available to members of both organizations," says ISM CEO Paul Novak, CPSM, C.P.M., A.P.P., MCIPS. "ISM members will enjoy access to SCOR® evaluation model and database, and SCC members now have a direct path to ISM's educational opportunities as well as to our professional qualification."

SCC Executive Director Joseph Francis adds, "This alliance is a great opportunity for both ISM and SCC members. Supply chain professionals around the world can enhance their knowledge and earn professional certifications from both organizations, increasing their industry recognition and career opportunities."

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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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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

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Calendar of Events for October

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Term of the Day

Today's ISM Term of the Day is: DISCOUNT RATE.

Definition: The interest rate used in calculating the present value of expected yearly benefits and costs.

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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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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