|In This Issue ...
- This Month in Inside Supply Management® Magazine — Read more.
- Presenting ... Winners of the Institute for Supply Management™ — Michigan State University Awards for Excellence in Supply Management — Read more.
- Feature Article: Career ROI: Advice From the C-Suite — Read more.
- April 25 Web Seminar: "Top 10 Things World-Class Procurement Organizations Do" — Read more.
- Calendar of Events for May — 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 April 2012 issue is full of useful information, including the following articles:
- Transparency Runs Deep
An innovative visibility tool at IBM is capturing, aggregating and displaying multitier supply and demand information for all parts from all suppliers.
- Building a Resilient Supply Chain
An earthquake, tsunami, flood and financial crisis put Cisco Systems' supply chain resiliency processes to the test.
- Centralizing Procurement at a Nonprofit
The Supply Chain and Real Estate Management Team at the American Red Cross plays a significant role to ensure the organization continues its mission.
- Making the Old Like New Again
A waste reduction program evolves into a long-term strategy, freeing up cash flow and reducing costs while meeting customer demand for refurbished mobile phones.
Access the complete April 2012 issue of Inside Supply Management® online.
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|Presenting ... Winners of the Institute for Supply Management™ — Michigan State University Awards for Excellence in Supply Management
Winners of the Institute for Supply Management™ — Michigan State University Awards for Excellence in Supply Management are officially announced this month in ISM's member publication, Inside Supply Management®. The following four winners are featured in a special section in the April 2012 issue:
IBM Corporation / Technology category
IBM's award-winning entry detailed the deployment of an innovative critical parts management tool which provided real-time visibility of its multitier supply chain.
Cisco Systems, Inc. / Process category
Cisco's Supply Chain Risk Management team developed and implemented four key processes to embed end-to-end resiliency in the supply chain and ensure business continuity during supply disruptions, including last year's natural disasters in Japan.
The American Red Cross / Organization/Structure category
A new organizational structure created synergy with the business units, a simplified way to work with clients and suppliers, and saved in excess of US$40 million the first two years in operation.
T-Mobile USA, Inc. / Sustainability category
The award-winning project focused on inventory reduction and associated cash flow release. Among the key successes were that T-Mobile closed the ecosystem, giving it cradle-to-grave control of the handsets, which helped reduce waste and increase the bottom line.
Institute for Supply Management™ — Michigan State University Awards for Excellence in Supply Management winners will be recognized next month in Baltimore at ISM's 97th Annual International Supply Management Conference and Educational Exhibit, to be held May 6-9, 2012. Representatives from the winning organizations will detail their projects in sessions on Monday, May 7, and Tuesday, May 8, 2012.
The 8th annual Institute for Supply Management™ — Michigan State University for Excellence in Supply Management call for entries will open on July 2, 2012. Multiple entries are welcome in one or more of the following categories: Process, People, Transformation of the Organization, Technology and Sustainability.
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|Feature Article: Career ROI: Advice From the C-Suite
For Amit Marwah, director of global logistics & distribution operations at Atkore International in Harvey, Illinois, the best career advice he ever received was from his father at 17: "Control your destiny, or someone else will."
Harsh words, but also true.
Since then, Marwah says he has tried to excel in every task he's undertaken — especially in his professional life — in an effort to control his destiny. Looking back, he believes the success required to pave his own career path has been the symptom of working smart and being receptive to new opportunities.
To this end, several factors in particular have proven instrumental. In this article, he outlines all of them.
Read the full article on the eSide Supply Management website.
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|April 25 Web Seminar: "Top 10 Things World-Class Procurement Organizations Do"
Date: Wednesday, April 25, 2012
Length: 60 minutes
2 p.m.-3 p.m. — U.S. Eastern
1 p.m.-2 p.m. — U.S. Central
12 p.m.-1 p.m. — U.S. Mountain
11 a.m.-12 p.m. — U.S. Pacific
6 p.m.-7 p.m. — GMT
For procurement executives, the most precious commodity is time. So, spend yours wisely with ISM and The Hackett Group for an insightful one-hour webcast. They'll work through a punch list of 10 things every world-class procurement organization should be doing — right now, in these turbulent times — to drive value beyond cost savings.
Some of these strategies require some soul searching and answering difficult questions; but, if they aren't proactively addressed, they can slow your organization's evolution from negotiator and cost controller to change agent and supply market power harnesser.
During this web seminar, experts from The Hackett Group will share some findings from their latest research — trends, performance benchmarks and leading procurement practices.
Attendees will learn:
- Key issues and trends surrounding procurement for 2012
- 10 critical attributes that constitute the DNA of a world-class procurement organization
- Essential procurement performance benchmarks and best practices to help speed up your organization's transformation into a world-class procurement function.
Senior Director, Procurement and Advisory Services
The Hackett Group
Pierre Mitchell is leads the development of research and other intellectual property within The Hackett Group's Procurement Executive Advisory Program, where he also serves as an adjunct business advisor.
He is a globally recognized industry expert in procurement best practices and technology, with more than 20 years of industry, research and advisory experience in the areas of procurement, supply chain and information technology.
Previously, Mitchell was vice president of supply management research at AMR Research and a manager at Arthur D. Little, where he led numerous supply chain and procurement transformations at Fortune 500 companies.
His other industry positions include manufacturing project manager at The Timberland Company; materials manager at the Krupp Companies; and engineer at EG&G.
Inside Supply Management®
John is the editor of Inside Supply Management®, the flagship publication of Institute for Supply Management™ and the authoritative resource for supply management executives in companies of all sectors, shapes and sizes.
Yuva has worked in the publishing industry for more than 15 years — both in newspapers and trade publications. He began his career at ISM in 1999 as a senior writer, and was recently promoted to the role of editor. John holds his degree in English from the University of Northern Iowa.
Registration is available on the ISM website.
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|Calendar of Events for May
Release of the Manufacturing Report On Business®
Release of the Non-Manufacturing Report On Business®
Strategic Business Partnering Skills for Supply Managers
CPSM® and CSM™ Train the Trainer: Review Instructor Courseware Program
CPSD™ Exam Review Course
ISM Affiliate Leadership Training Program
How to Develop and Manage a Supplier Diversity Program
ISM Board of Directors Meeting
97th Annual International Supply Management Conference & Educational Exhibit
Contracting: What All the Ts and Cs Mean (formerly Contracting Basics: What All the Ts and Cs Mean)
Fundamentals of Inventory Management (formerly Principles of Effective Inventory Management)
San Diego, CA
Integrating Project Management into Supply Management
San Diego, CA
Fundamentals of Purchasing: The Building Blocks of World-Class Professionalism
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|Term of the Day
Today's ISM Term of the Day is: CLASS RATE SYSTEM.
Definition: A freight rate pricing system that applies to commodities grouped according to similar shipping characteristics; applies to numbered/lettered groups/classes of articles contained in the rating column in classification schedules.
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
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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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