--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Monday, November 1, 2010
   


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ISM's 11th Annual Services Conference

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In This Issue ...
  • October Manufacturing ISM Report On Business®: PMI at 56.9% — Read more.
  • Inside the Latest eSide Supply Management — Read more.
  • ISM and PMAC Announce Reciprocity for Professional Designations — Read more.
  • Feature Article: Impact Ready: In the Eye of Natural Disasters — Read more.
  • This Week: 3rd Annual ISM Sustainability and Social Responsibility Conference — Read more.
  • February's ISM Hispanic Supply Management Summit to Be Co-Located with Black Executive and Women Executive Events — 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.


October Manufacturing ISM Report On Business®: PMI at 56.9%

Economic activity in the manufacturing sector expanded in October for the 15th consecutive month, and the overall economy grew for the 18th 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. "The manufacturing sector grew during October, with both new orders and production making significant gains. Since hitting a peak in April, the trend for manufacturing has been toward slower growth. However, this month's report signals a continuation of the recovery that began 15 months ago, and its strength raises expectations for growth in the balance of the quarter. Survey respondents note the recovery in autos, computers and exports as key drivers of this growth. Concerns about inventory growth are lessened by the improvement in new orders during October. With 14 of 18 industries reporting growth in October, manufacturing continues to outperform the other sectors of the economy."

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:

  • Listening. Communicating. Connecting.
    Strong buyer-supplier relationships are among the most critical aspects of successful supply chains. These connections can be strengthened only when key elements exist and are supported by both parties. Today, supply management professionals know we must have a team rapport with key suppliers. Overall, suppliers must believe they'll have a long-term affiliation with us, their customers.

  • CPSM® Update: 3 Questions, 3 Answers
    eSide offers three sample questions — and answers — from the CPSM® Diagnostic Kit 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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ISM and PMAC Announce Reciprocity for Professional Designations

Institute for Supply Management (ISM) and the Purchasing Management Association of Canada (PMAC) have entered into an agreement with the goal of providing reciprocity between each organization's globally recognized designation. ISM offers the Certified Professional in Supply Management® (CPSM®) and PMAC offers the Supply Chain Management Professional (SCMP) designation. The reciprocity agreement allows purchasing and supply management professionals holding one designation to apply for and receive the reciprocal designation, provided they meet specific criteria.

According to ISM CEO Paul Novak, CPSM, C.P.M., A.P.P., MCIPS, both designations represent mastery of complex skills, an extensive knowledge base and professional maturity. "There is a high degree of congruence between all aspects of the CPSM® and SCMP," Novak says. "Allowing CPSM® and SCMP holders to leverage their designations to secure even greater professional credibility also benefits the wider business community."

Cheryl Paradowski, PMAC's president and CEO says, "In a global marketplace, designation reciprocity is extremely valuable. This will open up opportunities for designation holders who now gain greater mobility and recognition. Not only will this increase their international marketability, but it helps to expand the profile of the entire supply chain management profession."

Professionals holding the CPSM® designation may apply for and receive the SCMP credential provided they meet several conditions including payment of PMAC membership fees and fulfilling requirements set by PMAC to retain the SCMP. Complete details are available on the PMAC website under SCMP Designation and selecting the link for Designation Reciprocity.

Alternately, PMAC members holding the SCMP credential may apply for and receive the CPSM® designation from ISM provided they meet certain conditions. SCMP holders can review requirements and obtain the one-page application online by visiting the ISM website, selecting Professional Credentials and Certified Professional in Supply Management® Program and then selecting the link for CPSM® and SCMP Reciprocity.

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Feature Article: Impact Ready: In the Eye of Natural Disasters

In the September 2010 issue of Inside Supply Management®, the article Assess Your Vulnerability to Natural Disasters explored the impacts of natural catastrophes on the supply chain and the importance of prioritizing these events in an organization's risk portfolio. This October/November 2010 article is an extension of that piece, and provides business continuity strategies in the wake of natural calamities.

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This Week: 3rd Annual ISM Sustainability and Social Responsibility Conference

Now in its third year, the ISM Sustainability and Social Responsibility Conference will take place in a few days — November 4-5 — at Disney's Yacht & Beach Club Resort in Lake Buena Vista, Florida.

This year's program will cover the full range of social responsibility, from sustainability and environmental issues to global licensing, ethics and logistics. Sessions will address issues in sourcing and emerging issues in law. A panel discussion will feature industry thought leaders who have implemented sustainable and socially responsible processes into their organizations. Attendees can use their insights to build and improve their own organizations' sustainability programs.

Who Should Attend

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.

Event agenda, registration information, brochure and more are available online.

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February's ISM Hispanic Supply Management Summit to Be Co-Located with Black Executive and Women Executive Events

ISM's 4th Annual Hispanic Supply Management Summit (HSMS) — to be held February 10-11, 2011 in Boca Raton, Florida — offers a wide variety of learning and networking opportunities for sharing supply management best practices across industries.

HSMS activities convey innovation and information to help attendees deliver transformational change and success within their supply organizations. Active networking is encouraged during sessions designed to facilitate attendees meeting and learning from their peers.

This year's HSMS addresses many forward-thinking topics — environmental sustainability in Latin America and analyzing acquisitions and talent development, for example — intended to help attendees deliver real-world results in their own organizations. Those in attendance will find inspiration in the success stories presented and take home ideas they can apply to their own global sourcing projects.

HSMS will be held at the same time, and at the same location, as the Black Executive Supply Management Summit (BESMS) and the Women Executive Supply Management Summit (WESMS). Although each summit has its own set of workshops, general sessions will be held as a group, giving HSMS attendees the added benefit of networking time with colleagues attending the other summits. HSMS attendees are also welcome to attend any of the concurrent BESMS or WESMS sessions.

This program is open to all professionals in supply management who value diversity and innovation. HSMS topics are relevant for supply management professionals, especially those who have or may be considering suppliers in Latin America or suppliers primarily owned and operated by Latinos. As such, many diverse individuals are invited to learn and network at this event. To ensure significant discussions and relevant networking, ISM asks that participants have more than a basic knowledge of supply management. This program is not exclusive to any one race or ethnic background, but the emphasis is for Hispanics in supply management to address concerns that they might routinely face in the workplace — experiences that are unique to them. Students enrolled in supply management degree programs are also invited to attend.

HSMS conference information, agenda, registration and more are available on the ISM website.

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Website of Interest

This month's Website of Interest is Purchasing Management Association of Canada (PMAC):

PMAC — with whom ISM recently announced a reciprocity agreement for professional designations — is the largest association in Canada for supply chain management professionals, with 7,000 members working across private and public sectors. PMAC is the principal source of training, education and professional development for these professionals in Canada.

PMAC's website offers a multitude of online career resources, including a job board, salary survey and "insider" blog. Online web offerings include research studies and publications, economic indexes and supply chain links.

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: OUTBOUND LOGISTICS.

Definition: The process related to the movement and storage of products from the end of the production line to the end user or ultimate consumer.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) 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 Web site, 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.

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

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