monthly newsletter institute for supply …...je dunn's team will discuss the key criteria and...

Message from the President When love is in the air...

Happy Mid-1st quarter to all, and a Happy Valentine's Day!

We have started 2011 and almost halfway through the 1st quarter

already.

The weather is cold with ice and snow to greet us, but I am hoping that

the holiday and your 2011 projects are keeping you warm.

If you would like to get a little more camaraderie, stop by and visit us a

little early this month for our February dinner meeting.

We would love to have you join us, and are also hoping that if you have

a great topic, speaker, or location for any future meetings

that you would give us a quick note to help us in the preparation.

If you are looking for some short-term projects to support, we could use

your help with a couple:

• Audit Committee - Review ISM-Kansas City's monthly

Treasurer's report (February - March - April 2011)

• Nominations Committee - Nomination and interview of ISM-

Kansas City members for the 2011-2012 Board positions

(February -

March - April - May 2011)

• JR Samuels Award Nominee - Do you know of someone who

has helped to support Supply Chain by providing knowledge,

support, and guidance? Submit your reasons by the end of

February why this person would be worthy of receiving the JR

Samuels Award.

• Committee Members - monthly or bi-monthly discussions for

support of the ISM-Kansas City Board

We would "love" to start working with you this month in support of our

ISM-Kansas City Affiliate. See you at the February 15th meeting!

Thanks,

Sandy Buescher, MBA, CPSM

President, ISM-Kansas City Affiliate

Inside This Issue

1 Message from the President

2 CPSM Certification Study &

Review Sessions

2 Calendar

2 ISM Scholarship Program

3 Volunteers Needed

4 January Dinner Meeting

5 2010 – 2011 Dinner Meeting

Schedule

6 Seminars

6 Satellite Seminars

7 Job Posting

8-11 Mid-America Leading

Economic Indicators

12 Board Members

MONTHLY NEWSLETTER

Institute for Supply Management – Kansas City, Inc.

February 2011

ISM-KANSAS CITY NEWSLETTER

CPSM Bridge Exam Study & Review Sessions:

The CPSM Bridge Review Session is scheduled for:

March 5, 2011 and March 12, 2011

Location will be determined later and there will be a

Cvent announcement sent out shortly with

registration information.

CPSM Certification

CPSM Full Three Module Exam Study & Review

Sessions scheduled for:

Module 1 – March 26 & April 2

Module 2 – April 30 & May 7

Module 3 – June 4 & June 11

Location will be determined later and there will be a

Cvent announcement sent out shortly with

registration information.

FEBRUARY 2011

S M T W T F S

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MARCH 2011

S M T W T F S

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APRIL 2011

S M T W T F S

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ISM Scholarship

A reminder to all ISM-KC Members…. ISM-KC is very proud to sponsor educational scholarships. If you meet the requirements below, please make sure to check it out at the link provided below. All applications are due by close of business on Monday, February 28.

1. Active members in good standing with the local ISM-

KC, immediate family member, student member or

life time member.

2. ISM-KC family member who are high school seniors

or high school graduates who plan to enroll or

students who are already enrolled in a full-time

college program at an accredited two or four-year

college or university with a minimum GPA of 3.0 on a

4.0 scale or equivalent B average.

3. ISM-KC members in good standing who are pursuing

advanced certification, i.e., C.P.M. and/or CPSM .

* Full-time study is defined as full-time enrollment for the

entire upcoming academic year.

Here is the link to the application: http://www.ism-kansascity.org/scholarship.asp


Volunteers Needed

We are very fortunate that we have a strong Board of Directors and

Committee Members. However it has been increasingly more difficult to

attract new volunteers. The ISM-KC affiliate has a lot of great ideas that

we are having problems implementing because we need more help.

If you have the time, no matter how little time, please help out. The

Committee Directors will make it as painless as possible for you.

We currently need volunteers for the following area:

Communications Committee needs volunteers to manage the ISM-KC

Web Site.

Responsibilities Include:

• Maintain information on the site

• Interface with the site coordinator on any changes or issues that

may occurr

• Post information requested by Board Members

Contact Jim Marinakis, [email protected] ,

Tel: 913-345-4937, Wireless: 913-226-4842

Temporary Positions

• Audit Committee - Review ISM-Kansas City's monthly Treasurer's

report (February - March - April 2011)

• Nominations Committee - Nomination and interview of ISM-Kansas

City members for the 2011-2012 Board positions (February -

March - April - May 2011)

• JR Samuels Award Nominee - Do you know of someone who has

helped to support Supply Chain by providing knowledge,

support, and guidance? Submit your reasons by the end of

February why this person would be worthy of receiving the JR

Samuels Award.

• Committee Members - monthly or bi-monthly discussions for support

of the ISM-Kansas City Board

Contact Sandra Buescher, [email protected]


ISM-KC

“Keys to an Essential Supplier Risk Management Process” Tuesday, February 22, 2011

At the JE Dunn Corporate Headquarters Building

Join us as JE Dunn’s risk management group explains the essential elements of effective supplier selection and measurement in today's economic environment. They will demonstrate JE Dunn’s systemic approach towards managing supplier risk through technological and operational innovation. JE Dunn's team will discuss the key criteria and approach they've used in developing one of the most innovative risk scorecards in the construction industry. Topics addressed will include:

• Coming up with the key Criteria of a Supplier Measurement System • The Role of Technology in Developing a Supplier Measurement

System • Making the "scorecard" easy enough for everyone to understand • How to effectively take corrective actions without damaging your

supply chain

Our speakers will be Tim Dunn, Corporate Surety and Credit Director and Adam Denno, Senior Credit Analyst from JE Dunn. We’ll be meeting and eating at the new JE Dunn building downtown located at: JE Dunn 1001 Locust St. Kansas City, MO 64106 There is an attached parking garage. Bring in your parking ticket to get it validated for free parking. Agenda: 11:00 am-11:30 am Registration/Networking 11:30 am-12:00 pm Lunch 12:00 pm-1:00 pm Presentation Cost: Members -$25 ($30 after registration deadline) Non-members - $30 ($35 after registration deadline) Reservations must be in by noon on Monday, February 21st.


MARK YOUR CALENDARS

FOR

UPCOMING DINNER MEETINGS

February 22, 2011 - Keys to an Essential Supplier Risk Management Process

March 15, 2011 - Topic to be determined

April 19, 2010 - Topic to be determined

May 17, 2011 – Installation of Officers - Topic to be

determined

Michael Colbert, C.P.M. and Manuel Gutierrez, C.P.M.

Your Programs Committee has lined up a great list of

speakers to talk about the topics that you have deemed

important from your responses to the annual survey.

As always, attend for the great conversation and company

of good friends and colleagues.


Due to the recent technical difficulties encountered at KU Edwards

Campus with the satellite feed, ISM-KC is looking into newer technology or

other locations in the area that have a better quality satellite service.

Please be patient as we pursue new solutions.

Legal and Contracting Insights for Today's Supply Professional Thursday, April 28, 2011

Contracting underlies many aspects of procuring products and services.

Questions often arise concerning how to draft the contract to address

such issues as ethical practices, global regulations, intellectual property,

licenses and social responsibility. Supply professionals are guided by laws

and regulations to answer these questions. This satellite seminar will look at

key considerations in the contracting process, including how to identify

the terms and conditions that are important for you and your company,

and how to draft an agreement that will be effective in today's business

environment.

All satellite seminars are from 9:00 AM to 1:30 PM - Location will be

confirmed Registration and details will be forthcoming in cvent

notification and August newsletter

SATELLITE SEMINAR COMING YOUR WAY

Seminars


New Job Opportunities Posted on ISM-KC Web Site, go to:

• http://www.ism-kansascity.org/default.asp • Log In • Select Members • Select Job Postings • Click on each job for details

Please view the job postings regularly as new jobs are posted throughout

the month.


Interview with Professor Goss on YouTube http://www.youtube.com/watch?v=ERCkIybsHO4

For More Information Contact:

Ernie Goss Ph.D., (402) 280-4757

[email protected]

Cindy Workman (402) 280-2969

[email protected]

Mid-America Leading Economic Indicator Begins Year Strong:

Exports, Confidence and Inflation Bounce Higher

January survey results at a glance:

· Business confidence rises to highest level in almost six years.

· Inflation gauge climbs above 80.0 for the fifth time in the past year.

· Leading economic indicator points to healthy growth for first half of

2011.

· Export orders show healthy upturn.

For Immediate Release: Feb. 1, 2011

OMAHA, Neb. – For a third straight month, the Business Conditions Index,

or leading economic indicator, for the nine-state Mid-America region

advanced. According to recent surveys of supply managers, the region

will continue to expand at a healthy pace, but with rising inflationary

pressures at the wholesale level for the first half of 2011.

Overall index: The index, a leading economic indicator which ranges

between 0 and 100, expanded to 58.9 from December’s 57.5 and was

well above 2010’s low of 52.3 recorded in October. This is the 14th

consecutive month that the index has risen above growth neutral. An

index of 50.0 is considered growth neutral. Very healthy farm income,

expanding trade and a growing transportation sector are pushing growth

higher for firms in the region. The overall index, or Business Conditions

Index, is a mathematical average of indices for new orders, production or

sales, employment, inventories and delivery lead time. This is the same

methodology used by the national Institute for Supply Management.

“The regional economy is beginning the year on a very healthy note with

global growth, record low interest rates, and a cheap dollar providing a

significant boost, especially for firms linked to agriculture and energy.

Over the past year, farm commodity prices have risen by 18 percent. This

rapid price growth is showing up in farmers’ income and in industries tied

to agriculture,” Creighton University Economics Professor Ernie Goss said

today.


Employment: For a 13th straight month, the regional employment index

remained above growth neutral. The January job reading bounced to a

healthy 56.3 from December’s tepid 51.1 and November’s 53.0. For

January the number of firms reporting upturns in the size of their workforce

was double the number indicating pullbacks in employment.

“The more dependent the area is on agriculture and energy, the stronger

the new hiring. I expect the nine-state region to continue to add jobs for

the first half of 2011 with the pace of growth to increase in the months

ahead,” said Goss, director of Creighton’s Economic Forecasting Group

and the Jack A. MacAllister Chair in Regional Economics.

Wholesale Prices: The prices-paid index, which tracks the cost of raw

materials and supplies, rose to an inflationary 84.2 from 81.1 in December.

This was the fifth time in the past year that the inflation gauge climbed

above 80. “Prices for most raw materials, commodities and supplies are

increasing at an unsustainable pace. Over the last year, U.S. commodity

prices have risen by 6.6 percent driven by a 12.4 percent upturn in fuel

prices and a 9.7 percent gain in metal prices. This increase at the

producer level will bolster consumer prices well above the Federal

Reserve’s target rate of 2 percent sometime in 2011. I expect long-term

interest rates to grow rapidly in the second half of 2011 to compensate

investors for rising inflation. The Fed is currently keeping long-term interest

rates artificially low with their bond buying program, quantitative easing

(QE2),” said Goss.

Confidence: Looking ahead six months, economic optimism, as captured

by the January business confidence index, climbed to a very strong 74.8

from December’s 69.9. “This is the highest confidence index that we have

recorded since April 2004. Supply managers remain confident about

future economic conditions even though unemployment rates remain

well above state historical averages for most areas of the region,” said

Goss.

Inventories: For the 11th time in the past 12 months, supply managers in

the nine-state region expanded inventory levels, though the index was

down from December. The January inventory index sank to 55.8 from 64.4

in December. “As a result of rising economic confidence, firms in the

region continue to expand inventories in anticipation of growing sales in

2011. This time last year, supply managers were cutting inventories with a

January 2010 inventory index of 48.3,” said Goss.

Trade: Accompanying the global economic rebound, trade numbers

improved for January. The January new export orders index advanced to

54.7 from December’s 54.1 and November’s 50.8. The region’s import

reading expanded to 55.5 from December’s 50.0. “The weaker U.S. dollar,


making U.S. goods cheaper abroad and foreign goods more expensive in

the U.S., are strengthening exports. I expect this trend to continue for 2011

with the global economic rebound adding to the influence of the weaker

dollar,” said Goss.

Other components: Other components of the January Business Conditions

Index were new orders at 60.2, up from December’s 58.2; production or

sales at 62.7 from 55.8; and delivery lead time at 59.5, up from 57.9 in

December.

The Creighton Economic Forecasting Group has conducted the monthly

survey of supply managers in nine states since 1994 to produce leading

economic indicators of the Mid-America economy. States included in the

survey are Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North

Dakota, Oklahoma and South Dakota.

The Creighton Economic Forecasting Group uses the same methodology

as a national survey by the Institute for Supply Management, formerly the

Purchasing Management Association, which has formally surveyed its

membership since 1931 to gauge business conditions. The overall index,

referred to as the Business Conditions Index, ranges between 0 and 100.

An index greater than 50 indicates an expansionary economy over the

course of the next three to six months.

Kansas: For the fifth time in the past six months, the leading economic

indicator for Kansas moved above growth neutral. The Business Conditions

Index climbed to 53.2 from 48.4 in December. Components of the

Business Conditions Index for January were new orders at 57.2, production

or sales at 54.4, delivery lead time at 61.1, employment at 41.5, and

inventories at 52.2. “We are beginning to see upturns in the state’s durable

and nondurable goods producers. Continuing global economic

expansion combined with a relatively cheap U.S. dollar will be very

positive for Kansas growth prospects for the first half of 2011. Of our nine

survey states, Kansas is the most dependent on international markets,”

said Goss.

Missouri: For the 19th straight month, Missouri’s Business Conditions Index

climbed above growth neutral. The index, a leading economic indicator

based on a survey of supply managers, grew slightly to 57.5 from 57.4 in

December. Components of the Business Conditions Index for January

were new orders at 58.1, production or sales at 59.2, delivery lead time at

57.5, inventories at 55.3, and employment at 57.6. “Except for food

processors, nondurable goods manufacturers in the state continue to

experience weak economic conditions. Durable goods manufacturers,

except for those tied to transportation equipment, reported improving

economic conditions. Firms involved in and/or tied to vehicle


manufacturing have experienced somewhat erratic growth with little new

hiring for 2010 and now into 2011,” said Goss.

You can obtain the full report for all Mid West states at the links below

Follow Goss on twitter at http://twitter.com/erniegoss

For historical data and forecasts visit our website at:

http://www2.creighton.edu/business/economicoutlook/

WELCOME NEW MEMBERS

ISM-KC would like to welcome the following new

members.

• James Bade • Donna Brozoski • Jeffrey Goff • Gary Kormos

Important Notice:

Have you heard the old expression “You Can’t Get There From Here” …Well,

our old NAPM-KC Domain Name will be cancelled in the next week which

means if you have it saved to your favorites and have used it to then link to

the new ISM Web page, You Can’t Get There From Here any longer.

Please click the following link to get to our current web page and then

save the link to your favorites

http://www.ism-kansascity.org/default.asp


ISM Kansas City Board of Directors

President Executive Administrator

Sandra Buescher, MBA, CPSM Mary Ann Lowrey, C.P.M.

Hallmark Cards ISM-KC

[email protected] [email protected]

1st Vice President

Membership, Marketing

& Communications

Lamar Wilson

NAIC

[email protected]

2nd Vice President

Programs, Education

& Diversity

Kriss Pearson [email protected]

Treasurer

Nick Arthur

Hallmark Cards

[email protected]

Secretary

JoAnn Harper, CPSM, C.P.M.

Sprint

[email protected]

Director - Diversity

Vacant Position

Director – Marketing

Mark VanSickle, CPM, CPSM

Sanofi Aventis

[email protected]

Director - Membership

David Bradshaw

Sprint

[email protected]

Co-Director – Programs Co-Director – Programs

Manuel Gutierrez, C.P.M. Michael Colbert, C.P.M.

CenturyLink Ash Grove Cement Company

[email protected] [email protected]

Director - Communications

Jim Marinakis, CPSM, C.P.M.

CenturyLink

[email protected]

Co-Director – Education Co-Director - Education

Lori Eckman VACANT

CenturyLink

[email protected]

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