Friday, October 1, 2010

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ISM's 11th Annual Services Conference

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In This Issue ...
  • September Manufacturing ISM Report On Business®: PMI at 54.4% — Read more.
  • Inside the Latest eSide Supply Management — Read more.
  • October 4: Deadline to Register for Certified Professional in Supplier Diversity™ (CPSD™) Pilot Exam — Read more.
  • 10 Essential Principles of an Agile Supply Chain — Read more.
  • Register Now for ISM's 11th Annual Services Conference (Dec. 2-3, 2010 in Phoenix)  — Read more.
  • ISM CPSM® Exam Available in Simplified Chinese — Read more.
  • 3rd Annual ISM Sustainability and Social Responsibility Conference Takes Place Next Month in Florida — 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.

September Manufacturing ISM Report On Business®: PMI at 54.4%

Economic activity in the manufacturing sector expanded in September for the 14th consecutive month, and the overall economy grew for the 17th 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. "While the headline number shows relative strength this month as the PMI reading of 54.4 percent is still quite positive, the overall picture is less encouraging. The growth of new orders continued to slow, as the index is down significantly from its cyclical high of 65.9 percent (January 2010). Production is currently growing at a faster rate than new orders, but it typically lags and would be expected to weaken further in the fourth quarter. Manufacturing has enjoyed a stronger recovery than other sectors of the economy, but it appears that weaker growth is the expectation for the fourth quarter. Both the Inventories and Backlog of Orders Indexes are sending strong negative signals of weakening performance in the sector."

To read the entire release, click here.

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Inside the Latest eSide Supply Management

Check out the September/October 2010 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:

  • CPSM® Update: 3 Questions, 3 Answers
    New in 2010, eSide offers three sample questions — and answers — from the CPSM® Diagnostic Practice Exam to help you prepare to pursue your CPSM® certification. First, answer all three questions; then, scroll down to the "3 Answers" section to find out how you fared.

  • Around the World: Doing Business in Sweden
    For buyers of steel, electronic devices, paper products, machinery, dental/pharmaceutical supplies, automobiles, petroleum and clothing — or suppliers of military vehicles, semiconductors, construction materials and organic chemicals — a business trip to Sweden might be imminent, as all these are among the country's chief exports and imports. But, before you travel, be sure to master some basic elements of business etiquette.

To find the entire September/October 2010 edition of eSide Supply Management, visit the ISM website.

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October 4: Deadline to Register for Certified Professional in Supplier Diversity™ (CPSD™) Pilot Exam

ISM's Certified Professional in Supplier Diversity™ (CPSD™) is a new professional designation for supply management professionals whose responsibilities include supplier diversity. This designation also delivers added value to business leaders and other team leaders who participate in the development of diverse supplier initiatives within the organization.

What is the new designation?

The CPSD™ (Certified Professional in Supplier Diversity™) is a professional designation for supply professionals who demonstrate knowledge, skills and expertise in supplier diversity. CPSD™ is also for business professionals with responsibility for strategic diversity initiatives. This professional designation demonstrates to your employer, your colleagues, your suppliers and even your customers that you are serious about helping your organization and diverse suppliers succeed.

Why should you pursue this designation?

Successful organizations maintain an edge, especially in this competitive marketplace. The value of supplier diversity is that it gives your organization a distinction that shows your commitment to diversity through strong relationships with your suppliers and all stakeholders. A solid supplier diversity program creates opportunities to partner with innovative or otherwise untapped resources and markets. Additionally, having the CPSD™ designation is instant recognition that you and your organization are on the right track.

What are the requirements for the CPSD™?

  • Successfully pass Exam 1 of the Certified Professional in Supply Management® (CPSM®). This requirement is waived if the candidate holds a current C.P.M. or CPSM.
  • Successfully pass the CPSD™ exam.
  • CPSD™ Exam Specification
  • Minimum of five years professional (non-clerical, non-support) supplier diversity or supply management experience (does not need to be full time), OR three years of professional (non-clerical, non-support) supplier diversity or supply management experience IF the candidate has a bachelor's degree from a regionally accredited college or university.

Stand out among your peers when you earn the CPSD™.

October 4, 2010 is the deadline to register for pilot exam.

ISM offers the pilot exam at the special introductory price of $50. Pilot testing will be offered through ISM affiliates and participating companies on-site in early November 2010. Companies and ISM affiliates must have at least eight candidates interested in taking the CPSD™ pilot exam in order to register for the Pilot Testing Program. For more information on the CPSD™ pilot exam, contact Michelle Pattee at or +1 480/752-6276, extension 3074.

For complete details, visit the ISM website.

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10 Essential Principles of an Agile Supply Chain

In Shifting To A Customer-Centric Value Chain — an article which appeared in the September 2010 edition of ISM's Inside Supply Management® magazine — a best-in-class organization shares 10 essential principles for building an agile supply chain that's focused on customer needs and value.

Angel L. Mendez, senior vice president, Customer Value Chain Management for Cisco in San Jose, California, says observations within his company and from colleagues indicate that organizations are being significantly impacted by increasing customer expectations. "The customer has more choice and wants far more relevance in how we design for them, while at the same time, demands higher velocity and higher quality standards," he says. "Our supply network is impacting not only our customers' operations but their business models and their ability to generate revenue. We have to be far more responsive and customer-centric in our approach to everything affecting the value chain."

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Register Now for ISM's 11th Annual Services Conference (Dec. 2-3, 2010 in Phoenix)

"Innovative Supply Relationships: Creating Value for Services Procurement" is the theme of this year's ISM Services Conference, which will take place December 2-3, 2010 in Phoenix. Last year's Services Conference received one of the highest approval ratings in the 10-year life of the program. This year's event promises to be even better.

Earn 10.25 Continuing Education Hours (CEHs). The cost is $795 for members and $995 for nonmembers. Both groups can save $100 when they register for both the Services Conference and this year's pre-Conference seminar: Strategic Services Procurement: Applying Strategic Sourcing Principles #4457, November 30 — December 1, 2010 in Phoenix.

Highlights include:

  • Collaborative Relationship Development with Strategic Suppliers — Grace Puma from United Airlines outlines how transformation and continued savings, even during the economic pinch of the past few years, has been achieved in part through collaborative relationship development with strategic supplies.

  • Comprehensive Services Procurement — Mary Finaldi from Deloitte Services and Dan Ashton from Ariba explore the optimization of services spend in areas such as consulting, print and marketing services.

  • Service Contracts: Why is Market Rate a Bad Market? — Clark Terrill from Live Nation focuses on asking the right questions during the negotiations process.

  • Suppliers Saved My Bacon — John MacLean from American Airlines delves into the challenges American Airlines has faced in the last decade. Learn how American's suppliers helped the airline stay solvent and restructure.

  • Creative Services Sourcing at Disney: Engaged with Passion — Steven G. Miller gives participants an inside look of how Disney professionals engage with each other and suppliers to source creative services that help "make the Disney Difference."

All sessions will take place at the Pointe Hilton Tapatio Cliffs Resort at 11111 N 7th St., Phoenix, Arizona 85020. For reservations, call (602)866-7500. Be sure to mention ISM group code "IVG" to receive the special room rate of US$139 single/double, with high-speed Internet and resort fee included. The cutoff date for the ISM room rate is November 8, 2010. Rooms sell out quickly, so be sure to reserve yours early by visiting the ISM website.

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ISM CPSM® Exam Available in Simplified Chinese

Institute for Supply Management™ (ISM) now offers a fourth language choice — Simplified Chinese — to supply management professionals who are preparing to take Certified Professional in Supply Management® (CPSM®) computer-based Exams. 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.

All CPSM® candidates register for the CPSM® Exam with ISM. Specific test dates may then be scheduled with Pearson VUE testing centers. When a candidate schedules a specific exam date, he or she is given a choice of language options, which currently include Simplified Chinese as well as English, Korean and Japanese. The translation process involves thorough comparisons and analysis to ensure the degree of difficulty is unchanged, regardless of which language candidates select for their computer-based examination.

CPSM® Exam registration begins a one-year window of time in which the candidates have to study, schedule and sit for their exams at any of Pearson VUE's worldwide testing locations. Exam registrations expire after one year from the date of purchase.

The CPSM® gives supply management professionals a career edge as well as demonstrates a level of knowledge needed to positively impact their organization's supply operation. For more information on the CPSM® designation and how it can benefit you and your employer, contact ISM Professional Credentials online or by e-mail.

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3rd Annual ISM Sustainability and Social Responsibility Conference Takes Place Next Month in Florida

This year's program covers the full range of social responsibility, from sustainability and environmental issues to global licensing, ethics and logistics. Sessions address issues in sourcing and emerging issues in law. Don't miss the panel discussion featuring industry thought leaders who have implemented sustainable and socially responsible processes into their organizations. Use their insights to build and improve your sustainability programs.

Sustainability and social responsibility are here to stay, and your organization's level of commitment can make or break your future success.

Who Should Attend This Program

Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives. Supply management professionals may want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success. Corporate sustainability and social responsibility initiatives are holistic strategies that involve the entire organization, from the CEO to administrative support.

The event agenda, registration information, brochure and more are available for download online.

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Website of Interest

This month's Website of Interest is Business for Social Responsibility (BSR):

Business for Social Responsibility (BSR) is a non-profit organization that helps companies achieve success in ways that demonstrate respect for ethical values, people, communities and the environment. A leader in corporate responsibility since 1992, BSR works with its global network of more than 250 member companies to develop sustainable business strategies and solutions through consulting, research, and cross-sector collaboration. With offices in Asia, Europe, and North America, BSR uses its expertise in environment, human rights, economic development, and governance and accountability to guide global companies toward creating a just and sustainable world.

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these websites, or any other website(s) accessible from these websites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other website.

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Term of the Day

Today's ISM Term of the Day is: FASB-13.

Definition: The Financial Accounting Standards Board in Stanford, Connecticut, released Statement of Financial Accounting Standards No. 13, Account for Leases, in November 1976. This statement establishes formal financial accounting standards on accounting for lease arrangements.

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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