|In This Issue ...
- This Month in Inside Supply Management® Magazine — Read more.
- This Week: Keep Up With ISM's 96th Annual International Supply Management Conference & Educational Exhibit Online — Read more.
- ISM Honors Affiliate of the Year — Read more.
- ISM Names Persons of the Year — Read more.
- ISM Services Group Receives Excellence Award — Read more.
- Feature Article: Precision Tool Tackles Complex Task — Read more.
- Calendar of Events for June — 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 May 2011 issue is full of useful information, including the following articles:
- ISM's 2011 Salary Survey
Supply management professionals are seeing a major increase in their average salaries compared with 2009.
- Banks of Information
With the click of a mouse, supply management professionals can access a wealth of economic information from the World Bank and the IMF.
- IP Tug of War
Procurement organizations and suppliers often have divergent interests in IP, but there are ways to protect both parties and build relationships.
- Manufacturing and Non-Manufacturing ISM Report On Business®
Highlights of the Monthly Report On Business® Releases — April 2011 Data.
Access the complete May 2011 issue of Inside Supply Management® online.
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|This Week: Keep Up With ISM's 96th Annual International Supply Management Conference & Educational Exhibit Online
Attendees and non-attendees alike can view presentation materials, press releases, videos — and even a Conference blog — by visiting ISM's 96th Annual International Supply Management Conference & Educational Exhibit Online Daily.
Check out these helpful links:
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|ISM Honors Affiliate of the Year
Institute for Supply Management™ (ISM) has awarded ISM—Atlanta, Inc. the prestigious Affiliate of the Year Award. ISM officially recognized affiliate excellence at a Volunteer Appreciation Breakfast during its 96th Annual International Supply Management Conference and Educational Exhibit in Orlando, Florida. Affiliate Excellence Awards recognize ISM affiliates that demonstrate an awareness and distinction in their professional operations, educational offerings, and ability to recruit, train and retain members, while at the same time communicating the value and prestige of ISM and the supply management profession.
"The board members of ISM Atlanta couldn't be more enthused about this award," remarked Lauchlin McKinnon, president of ISM—Atlanta, Inc. "Every single board member is responsible for this Affiliate of the Year honor, not to mention the many loyal members. I especially want to thank the three past presidents still serving as board members, the veteran board members who have served tirelessly in many roles over multiple years, and the newer board additions to the board — all who are working to take ISM—Atlanta to the next level. We strive for a higher level of excellence each and every year and this will motivate us to raise the bar even higher."
Each ISM Affiliate, regardless of size, has the opportunity to achieve Affiliate Excellence recognition by meeting each of the core competency requirements. Those selected for the Affiliate of the Year have surpassed the designated core competency requirements found on the official nomination form, including but not limited to membership growth, professional development opportunities and valuable affiliate membership meetings. Ten Affiliates met the level of excellence for 2010. They are:
- NAPM—Alaska, Inc.
- ISM—Atlanta, Inc.
- ISM—Connecticut, Inc.
- ISM—Dallas, Inc.
- ISM—Greater Grand Rapids, Inc.
- ISM—Milwaukee, Inc.
- NAPM—National Capital Area, Inc.
- ISM—Nebraska, Inc.
- ISM—New Jersey, Inc.
- NAPM—Oklahoma City, Inc.
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|ISM Names Persons of the Year
Institute for Supply Management™ (ISM) has announced its Persons of the Year Awards, honoring those who have made significant contributions to ISM and the supply management profession. Winners were recognized at an appreciation breakfast during ISM's 96th Annual International Supply Management Conference and Educational Exhibit, in Orlando, Florida. Persons of the Year Awards recognize excellence in the areas of Education/Learning, Innovation/Creativity, Leadership, Marketing/Communicating and Volunteerism. The 2010 ISM Persons of the Year recipients are:
Education/Learning Person of the Year
Elton D. Brock, C.P.M., NAPM—Austin, Inc.
Elton Brock strives to make sure everyone gains value from NAPM—Austin, Inc.'s educational offerings. He coordinates relevant topics and speakers that support the vision and mission of ISM. He ensures that continuing education hours (CEHs) can be earned at programs that include speakers from ISM's International Conference. Brock makes himself available to students and peers, and donates his time and talents to further the profession and help volunteers grow.
Innovation/Creativity Person of the Year
Amy Gress, PMA of Cleveland, Inc.
Amy Gress has the ability to evaluate, embrace and adopt new technologies that improve affiliate operations and the overall member experience. As chair of the technology committee, she was the catalyst behind a new affiliate website that debuted in September 2010. Gress piloted the effort through all stages, from seeding a committee, sending out a request for proposal (RFP), evaluating results, writing a board recommendation, negotiating a contract and testing each stage of development.
Leadership Person of the Year
Joseph R. Britt, CPSM, ISM—Houston, Inc.
Joseph Britt's leadership style is described as open, generous and professional. He invites neighboring affiliates to attend ISM—Houston, Inc. seminars and CPSM® Exam reviews. Britt also works with students and faculty at area universities — helping with case studies and conducting student roundtables. He reinvigorated his affiliate student paper contest Britt has attended ISM Leadership Training Workshops for three consecutive years, as well as three local leadership training workshops.
Marketing/Communicating Person of the Year
Christine E. Fahy, ISM—Connecticut, Inc.
Christine Fahy's warm communication style is an effective membership marketing and retention tool. She initiated the practice of welcoming new members with a phone call. Fahy maintains the same level of enthusiasm during membership renewal campaigns. She is admired for her talent at leveraging affiliate projects to garner positive coverage. The annual Supply Management Month food drive and a State Capitol Park cleanup effort in 2010 raised the affiliate's visibility in the area business community.
Volunteer Person of the Year
Eugene Ruff-Wagner, CPSM, C.P.M., NAPM—New Mexico, Inc.
Eugene Ruff-Wagner keeps the NAPM—News Mexico, Inc. board on track with reminders of the "the ISM cause" and a shared goal of helping the membership. He is admired for instilling a culture of "walking the talk". He has earned ISM certifications, led successful seminars, and actively led or participated in monthly educational dinner meetings and membership drives. Ruff-Wagner has been known to lighten the mood by sharing his musical talents, performing skits or rewriting humorous lyrics to popular songs.
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|ISM Services Group Receives Excellence Award
ISM Services Group Chair Fred Ledbetter, C.P.M., attributes the success of this group to a dedicated team of professionals that serve on the group's Leadership Council. Ledbetter remarks, "Every year is a challenge when you are a volunteer organization, and success would not happen without the tireless efforts of this exceptionally talented group."
This is the second time that the ISM Services Group has achieved this honor. The first time was in 2004, the inaugural year of the Group and Forum Excellence Award. Every year since 2004, the ISM Services Group has achieved the Level of Excellence. "These results do not happen without having a strong leadership team, a commitment from ISM, and a supportive and responsive membership base," Ledbetter adds.
ISM Groups and Forums Excellence Awards recognize those Groups and Forums that demonstrate excellence in their professional operations, educational offerings, recruitment, training and retention efforts, while at the same time communicating the value and prestige of ISM and the supply management profession. Two Groups or Forums met the level of excellence for 2010. They are:
Organized by procurement professionals during the ISM International Conference in 2000, the Services Group was formed to champion best practices and networking opportunities associated with supply management practitioners who source services (such as temporary labor, consultants, building services, telecom, technology needs, etc.) or who work in one of the many service-related industries. The importance of this group is evidenced by the fact that the service sector is the fastest growing economic sector, not only in the United States, but in the world economy as well. The Services Group works with its nearly 2,000 members to develop a dynamic annual Services Conference that features some of the industry's leading speakers, who present on a wide array of current topics. The ISM Services Group's mission is: To lead services procurement in alignment with ISM.
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|Feature Article: Precision Tool Tackles Complex Task
It is imperative for Delphi's supply management organization to accurately and thoroughly calculate the total cost of ownership (TCO) for the variety of parts it buys from suppliers around the world. Keeping in mind its vision to "buy where you consume and manufacture where you sell," the Cost Management group at Delphi designed an easy-to-use, sophisticated tool to measure TCO, focusing on global logistics costs. The Total Cost Model (TCM) provides decision support for Delphi's sourcing professionals so they can select suppliers and sources that provide the largest opportunity for total value.
The TCM, developed by the Cost Management group, a function within Delphi Global Supply Management, won one of the ISM Awards for Excellence in Supply Management in the Technology category. Delphi, based in Troy, Michigan, is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. The desktop tool, with built-in intelligence to account for numerous factors using minimum inputs, has reduced the time to estimate the total cost of buying a part from five days to a matter of minutes.
A key indicator of the tool's success is based on a "localization in region" metric, according to Katherine A. Stando, director, business planning, processes and systems for Delphi Global Supply Management. In December 2009, 78 percent of Delphi's spend was localized in region. Delphi's goal for 2010 was 83 percent, and as of November 2010, the actual number was 84 percent, Stando says. She adds that the realized and projected savings for the tool is US$32.9 million.
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|Calendar of Events for June
Release of the Manufacturing Report On Business®
Legal Aspects of Supply Management: The Basics You Need to Succeed
Release of the Non-Manufacturing Report On Business®
Fundamentals of Purchasing: The Building Blocks of World-Class Professionalism
CAPS Research Asian Executive Roundtable
Integrating Project Management into Supply Management
Strategic Services Procurement: Applying Strategic Sourcing Principles to the Procurement of Services
Supplier Risk Management
Power Negotiations: Unlock Your Powers of Influence and Persuasion
San Diego, CA
Contracting for Purchasing and Supply Management: Beyond the Basics
San Diego, CA
Conference Leadership Committee Meeting
Contracting Basics: What All the Ts and Cs Mean
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|Term of the Day
Today's ISM Term of the Day is: EURO.
Definition: European currency launched in January 1999 in non cash form and issued as actual notes and coins in 2002. The Euro is currently used by Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
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:
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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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