|In This Issue ...
- This Month in Inside Supply Management® Magazine — Read more.
- Feature Article: Out In Front: In the Same Boat — Read more.
- No-Cost Web Seminar, "Spend Analysis Redux," Scheduled for January 27 — Read more.
- ISM Announces First Certified Professional in Supplier Diversity™ (CPSD™) — Read more.
- Feature Article: CPSM® Update: 3 Questions, 3 Answers — Read more.
- Calendar of Events for February — 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 December 2010/January 2011 issue is full of useful information, including the following articles:
- Build a Better Disruption Plan
Supply management professionals can use mitigation mapping and supply base profiling to effectively pinpoint previously undetected risks in the supply chain.
- Achieve M&A Supply Synergy
Supply management professionals bring much more value to the table during an M&A initiative than simply leveraging volume.
- Strategic Plan and Changes at ISM
With a revised mission statement and new strategic plan, ISM is entering a time of exciting change.
Access the complete December 2010/January 2011 issue of Inside Supply Management® online.
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Today's military logistics successes were built on lessons from past conflicts. Many of these tenets apply to private-sector purchasing and supply management, as well.
The military, civilian and contractor logisticians of the U.S. Department of Defense (DOD) conduct supply chain operations that are nearly identical to those in the private sector. Our processes are anchored by large ERP systems that enhance the management of logistics requirements, contracts, transportation and distribution. Supply management is critical during this era of persistent conflict, and our logisticians share one goal: to sustain our military while providing the best value to our shareholders — the citizens of the United States.
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|No-Cost Web Seminar, "Spend Analysis Redux," Scheduled for January 27
Date: Thursday, January 27, 2011
Time: 2 p.m. (EST) / 11 a.m. (PST)
Length: 50 minutes
The dawn of the new decade presents a revolution in spend management technology — prodigious changes that promise to redefine the scope of spend analysis beyond spend visibility.
In this web seminar, we will:
- Discuss how the utility of spend analysis can be extended beyond providing a comprehensive, companywide view of spend by implementing new technology applications.
- See how spend analysis can provide better market visibility for effective management of commodity price fluctuation and reduce the information disparity between buyer and seller.
- Discuss classification of spend data at source to improve the quality of the data being analyzed, both of which help generate advance savings.
- Take an in-depth look at our presenter's experiences selecting the right suppliers and metrics for measuring the efficiency of a spend analysis program.
Attendees will learn:
- New developments in spend analysis that mitigate price risk by providing actionable information on commodity pricing.
- How this information can also be used to shape sourcing strategy, manage commodity volatility and unlock advanced savings — particularly for indirect spend categories.
- How new technology improves spend visibility through data classification at source, which is an enabler for guided buying.
- Best practices for supplier selection and the right metrics to measure the efficacy of a spend analysis program.
- Michelle Walter, C.P.M., CSCP
- Anurag Dixit
Vice President — Marketing
Attendance of the live session of this web seminar qualifies for one continuing education hour (CEH) credit with ISM.
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|ISM Announces First Certified Professional in Supplier Diversity™ (CPSD™)
Institute for Supply Management™ (ISM) announces the first individual to earn the Certified Professional in Supplier Diversity™ (CPSD™). Alex F. Alvarez, CPSM, CPSD, C.P.M., A.P.P., supplier diversity manager at CoreLogic headquartered in Santa Ana, Calif., was among the more than 200 individuals who participated in pilot testing the program in November 2010.
"I'm proud to add the CPSD™ to my credentials," Alvarez says. "Not only does this broaden my current knowledge base, it helps legitimize my expertise in this field while expanding my capabilities," Alvarez says. Alvarez says the CPSD™ experience gave him more awareness of best practices. "I gained more insight into how other organizations strategically gained buy-in and influenced their workforce and executives to embrace supplier diversity."
Alvarez currently leads supplier diversity efforts for CoreLogic — educating more than 10,000 employees in diverse supplier initiatives. Prior to his current role, Alvarez was president and CEO of the South Region Minority Supplier Development Council, Inc. (SRMSDC), a regional affiliate of the National Minority Supplier Development Council (NMSDC). He also spent three years as executive director at the Alabama Minority Business Opportunities Center (MBOC), a federally-funded agency under the U.S. Department of Commerce, Minority Business Development Agency (MBDA). Alvarez began his career at General Motors, starting in GM Worldwide Purchasing and progressing to the role of global creativity team leader, where he oversaw close to US$1 billion in spend globally.
Recognition of the first CPSD™ is particularly meaningful to ISM Board Chair Shelley Stewart, Jr., CPSM. Stewart is senior vice president, operational excellence and CPO at Tyco International. "Throughout my entire ISM Board leadership experience, we've seen an increasing demand for a certification that defines the body of knowledge necessary for effective supplier diversity," Stewart says. "It's my privilege to congratulate Alex F. Alvarez, as ISM's first CPSD™ recipient, and to offer my encouragement to individuals who set their sights on earning this designation in the coming years."
The CPSD™ is a professional designation for supplier diversity professionals and supply management professionals who hold diversity responsibilities. The full CPSD™ program will launch in early 2011. For more information, visit ISM online.
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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.
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|Calendar of Events for February
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|Term of the Day
Today's ISM Term of the Day is: HOUSE OF QUALITY.
Definition: The first matrix in a four-phase quality function deployment (QFD) process used for defining the relationship between customer requirements and the organization, product or service capabilities.
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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|It's Easy to Subscribe to the Just in ETime Newsletter
To receive Just in ETime:
- First, log into the ISM website using your username and password.
- If you have never created a profile/account on the ISM website — 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 Home Page, 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" tab.
- Finally, select Just in ETime from the list of available newsletters and click the "Update Subscription" button at the bottom of the page.
If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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