|In This Issue ...
- Experience Counts — ISM Announces New Designation for Career Professionals — Read more.
- This Month in Inside Supply Management® Magazine — Read more.
- No-Cost Web Seminar Next Week: "Master Data Management: Programming Your Organization for Cost Reduction and Avoidance" — Read more.
- Feature Article: Spotting Talent Before You Need It — 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.
|Experience Counts — ISM Announces New Designation for Career Professionals
Certified in Supply Management™ (CSM™) designation validates experience and knowledge.
(Tempe, Ariz.) September, 7, 2011 — Institute for Supply Management™ (ISM) announces a new certification option for professionals who aim to prove their experience and broad-based knowledge in all the major components of supply management. The Certified in Supply Management™ (CSM™) designation debuts November 15, 2011 and will allow practitioners to demonstrate knowledge in supply management, regardless of whether they have a college degree.
ISM Professional Credentials Committee Chair Karen Fedele, CPSM, C.P.M., says the new CSM™ solidifies ISM's status as the premiere association for all supply management professionals. "The CSM™ meets the needs of a large number of our constituents who want a designation that accurately reflects their knowledge and dedication to their chosen career, but were not in a position to pursue a four-year degree," Fedele says. "I'm thrilled ISM has added this current, relevant designation option that recognizes the expanded sphere of supply management."
ISM Board Chair Sidney Johnson, CPSM, stresses ISM's mission to lead and serve supply management by providing opportunities that advance the profession and, at the same time, allow individuals to advance in their careers. "Basic skills are no longer sufficient to compete in the international arena," Johnson says. "ISM has global reach and the new CSM™ option gives a broad range of practitioners a valuable way to prove and leverage their supply management knowledge and expertise."
The new CSM™ tests the same body of knowledge as ISM's Certified Professional in Supply Management® (CPSM®) credential, which debuted in 2008. CSM™ eligibility is dependent on a candidate's educational background and work experience.
Eligibility requirements for the CSM™ are:
- Successfully pass three CSM™ Exams or if a C.P.M. in good standing, pass the CSM™ Bridge Exam.
- Three years of full-time, professional supply management experience (non-clerical, non-support) with an associate's degree from a regionally accredited institution (or international equivalent) OR five years full-time, professional supply management experience (non-clerical, non-support).
More information is available on the ISM website.
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|This Month in Inside Supply Management® Magazine
Have you checked out the latest issue of Inside Supply Management® magazine? The September 2011 issue is full of useful information, including the following articles:
- Market Intelligence Matters
Gathering and analyzing market intelligence can help supply management better manage its supply chain — and get it noticed throughout the company.
- Share and Share Alike
While innovation can come from a variety of sources, suppliers are partners that need to be involved in the innovative process.
- Green Is Well Within Reach
When harvesting the financial benefits of going green, it can pay to look for any remaining low-hanging fruit.
Access the complete September 2011 issue of Inside Supply Management® online.
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|No-Cost Web Seminar Next Week: "Master Data Management: Programming your Organization for Cost Reduction and Avoidance"
Date: Tuesday, September 27, 2011
Time: 12 p.m. PDT/3 p.m. EDT
Price: No cost
Length: 60 minutes
Registration: Available online
Supply-base costs are under new management — yours!
Master data management delivers high-definition enterprise visibility and decision-making capabilities to organizations. It gives them actionable control over the business processes that impact the materials and services they buy, the suppliers and partners they engage to deliver products and services, and the customers they serve. Achieve improved bottom-line savings by moving beyond spend analysis and looking past categorization and into material and supplier data visibility.
- Improved savings through rationalized material spend, supplier base consolidations via parent/child relationships, and greater spend under management with preferred suppliers
- Cost avoidance through mitigation of supply chain disruptions and supplier bankruptcies
- Reduction in inventory carrying costs, maverick spend and strategic sourcing costs
- Impact value of MRO cost reduction, supplier diversity and A/P cost reduction
- Reduction of supply base management and supply chain operating costs
- Cost avoidance through effective regulatory compliance and corporate brand protection.
- Robert Handfield, Ph.D.
Bank of America Distinguished University Professor of Supply Chain Management
North Carolina State University
- Arthur Raguette
- John Yuva
Inside Supply Management®
Institute for Supply Management™
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|Feature Article: Spotting Talent Before You Need It
Did you ever wonder why some companies struggle to hire talent, and some are able to find the people they need, time after time? It's not an accident. The best managers understand that they need to use every resource possible to build the talent level of their organization, and one of the best ways of doing this is what I call "building a people bank."
Put simply, a "people bank" is a database of people you have encountered, and who you think might make good additions to your company when the opportunity presents itself. Building a strong people bank isn't difficult, but it is something that requires advance planning. The problem is that most companies only think of their hiring needs when they have an open position to fill. However, we often find the right person when we're not looking. A people bank is a good way to make sure we are in recruiting mode all the time so we can activate the bank when we need someone.
Read the full article on the Inside Supply Management® website.
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|Calendar of Events for October
Release of the Manufacturing Report On Business®
2011 New England Supply Chain Conference & Exhibition (NESCON)
Contracting for Purchasing and Supply Management: Beyond the Basics
Fundamentals of Purchasing: The Building Blocks of World-Class Professionalism
Release of the Non-Manufacturing Report On Business®
CAPS Research Supply Executive Summit
St. Paul, MN
ISM Satellite Seminar — Manage...Lead...Transform: What You Need to Know to be Effective
Administering Contracts: From Start to Finish
San Francisco, CA
Best Practices in Procurement
CAPS Research Critical Issues Partnership Event: Optimizing the Value of Supply Management Councils
Category Management: Cost and Leveraging Strategies for Supply Professionals
Las Vegas, NV
Contracting Basics: What All the Ts and Cs Mean
Power Negotiations: Unlock Your Powers of Influence and Persuasion
Business Continuity Planning: Risk Management through Strategic Preparation
San Francisco, CA
11th Annual ISM New York/New Jersey Forum Conference
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|Term of the Day
Today's ISM Term of the Day is: SECURITIES AND EXCHANGE COMMISSION.
Definition: U.S. federal agency created to protect investors and maintain the integrity of securities markets.
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 website, 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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