November 2015 Volume 1, Issue 3

November Community Service Opportunity – Nov. 17th

, 2015

Community Service

Tuesday November 17th, 2015

Time: 5:30 PM – 7:00 PM

(Since this is a volunteer activity there will be no dinner provided)

Topic: Packing food for the Senior Servings Program Senior Servings Program provides shelf-stable food, produce and bakery items to low-income seniors.

Location: 1304 N. Kenosha Avenue Tulsa, OK, 74106 Note: The new Food Bank is a long, white 2-story building with turquoise, silver and taupe trim.

GENERAL DIRECTIONS TO THE FOOD BANK (SIX BLOCKS FROM THE INTERSECTION OF PINE AND NORTH PEORIA):

1.Get on Peoria and head north to Pine. At intersection of Pine and N. Peoria, turn left (or west) onto Pine.

2.Go approximately three blocks to the next light. The street there is Lansing. Turn left (south) onto Lansing into the Lansing Business Park.

3.Go two blocks, to Newton, and turn right (west).

4.Go one block and you’re at the Food Bank!

Sign up early as we have a max capacity of 25 volunteers for this event.

Contact Ed Long at edward.long@riverspirittulsa.com to sign up.

Prior to the event please fill out the volunteer form and bring with you. http://okfoodbank.org/ways-to-help/volunteer/

Contact for event

Edward Long - Director of Communication; edward.long@riverspirittulsa.com

2015-2016

ISM-Tulsa

Board of Directors

==============

Jamie Gregory – CP Kelco Leann Franco, CPSM – Rockline Industries Bill Jolin – ONE Gas, Inc Nicole Boyd – Student @ ORU

For Membership Information please contact Rachael Vejraska - Director of membership; vejrara@tulsaschools.org ___________________________________________________

Maximizing Value of Millennials http://www.ismmagazine-

digital.com/ismmagazine/sept15/?pg=10&pm=2&u1=friend Source: ISM Magazine

Inside Amazon's New 1 Million Square Foot Baltimore Warehouse

http://wwlink.net/?i=nvstl0.AIOE Source: Industrial Distribution

ISM-Tulsa

Calendar of Events

2015-2016

“As we express our gratitude, we must never forget that the highest appreciation is not to

utter words, but to live by them.” ― John F. Kennedy

Eastern OK Food Bank 5:30-7:00

Embassy Suites 11:00-1:00

Dinner Meeting Embassy Suites

5:30-7:00

Dinner Meeting

NSU Broken Arrow 5:30-7:00

Embassy Suites 11:00-1:00

Meadow Brook Country Club

ISM-Tulsa, Inc. 2015-2016

Mission for 2015-2016 To provide educational resources for Supply Chain Management Practitioners, to foster and enhance networking opportunities within the regional business community that will allow like-minded professionals to share experiences and expand on their own personal career development

Vision for 2015-2016 To be recognized as the premier professional association in Northeast Oklahoma.

Values for 2015-2016 A professional association which desires to:

Provide opportunities for enhancing professional skills and knowledge in Supply Chain Management

Promote public understanding of Supply Chain Management Concepts

Offer opportunities to network within the regional Supply Chain Management Community.

Looking to the Future of the Affiliate Focusing on:

Continuing Education

Skills development

Certification Support Programs

About Institute for Supply Management®

Founded in 1915 as the first supply management institute in the world,

Institute for Supply Management® (ISM®) is committed to advancing the

practice of supply chain management to drive value and competitive

advantage for its members, contributing to a prosperous and sustainable

world. This year, ISM celebrates 100 years of leading, innovating and

guiding the profession through the renowned ISM Report On Business®,

highly regarded certification programs, and industry-standard training

and educational resources. ISM is a not-for-profit organization with

global influence, serving supply chain professionals in more than 90

countries. This report has been issued by the association since 1931,

except for a four-year interruption during World War II.

From the President… By Susan Carrillo, CPSM

Dear Affiliate Members,

I would like to extend a warm thank you to each of you who

came to our October luncheon at Embassy Suites. We had

26 in attendance which is a great turn out. Thank you! One

of our goals this year was to have more lunches intermixed

throughout the year to provide more opportunities for those

of you who are otherwise booked in the evenings. It was

wonderful seeing you and I truly hope you enjoyed the

presentation on project management given by Steve Brown,

thank you Steve!

As previously announced our new website is almost ready

for its go-live debut. We will be sending out an

announcement upon its arrival and we are sure you will

agree once you see it that it is “Oscar” worthy. Sorry – I had

to get a little fun in there in anticipation of all the new

blockbuster movies coming out this fall … Hunger Games –

Divergent… just to name a few in case you are interested.

With fall time comes Thanksgiving and all of the wonderful

traditions which accompany this holiday. For me, this means

I get to find my stretchy pants after I take the last bite of my

favorite pumpkin pie and start planning my black Friday

bargain hunting activities with my daughter.

I wish you a wonderful Thanksgiving Holiday! Please

remember to enjoy each minute you have been blessed with

and enjoy your family, friends, and yes…….even your co-

workers ;) I wish you many blessings and safe journeys if

you are traveling.

I and all of your board members look forward to seeing you

at our November community service at the Eastern

Oklahoman Food Bank on November 17th

. We have a limit

of 25 for this event so please sign up early if you are

interested in helping serve our community by packing food

for the senior program.

We take a break for December and then look forward to

seeing you again in January of 2016!

Buyer Dan Monthly Supply Chain Tips

What is Total Acquisition Cost?

In short, Total Acquisition Cost (TAC) is a measure of the total net cost incurred to purchase a production part, service or commodity.

TAC may also be referred to as Total Cost of Ownership (TCO).

Here is the ISM definition of TOTAL COST OF OWNERSHIP (TCO ).

The combination of the purchase or acquisition price of a good or service and additional costs incurred before or after product or service delivery. Costs are often grouped into pre-transaction, transaction and post-transaction costs, or into acquisition price and in-house costs. To use cost of ownership analysis as a cost reduction tool, it is necessary to identify and analyze the cost drivers to look for any avoidable costs.

What are the typical Costs that make up a TAC model?

Cost of Product

Cost of Inventory

Cost of Transportation

Cost of Quality

Cost of Handling

Cost of Schedule Non-Compliance

Cost of Communication

Cost of Money