Announcements
| January Meeting January 13, 2009 Dinner Meeting Public vs. Private Purchasing Discussion Facilitator: Jim Stroda, Willamette Graystone Click for more information Register for a no-cost Webinar: January 30, 2009 Maximizing Value from Shared Services: An e-Procurement Success Story Click for more information Upcoming Training Opportunity February 7th, 2009 CPSM Bridge Exam Training Seminar Click for more information 2009 Full Day Workshop Purchasing Law and Contracts Click for more information Register Now ISM's 94th Annual International Supply Management Conference May 3 -6, 2009 Charlotte, North Carolina  |
The National Association of Purchasing Management - Willamette Valley aims to promote the supply management profession
in the Willamette Valley. We offer quality educational opportunities and support to Purchasing and Supply Management
Professionals. We also support our membership by providing certification information and support and study resources.
| Words of the Month |
| ABROGATION Annulment of a contract after it has been partially performed, usually due to circumstances outside the control of the parties, e.g., force majeure. There is no obligation on either party for the remainder of the contract. |
| ANTICIPATORY REPUDIATION Notice given by one contracting party to another of the first party's intention not to perform the contract. |
| ARBITRATION Private means of settling disputes between parties in which an objective outside party acts as a fact finder and a primary decisionmaker. By prior agreement between the parties, the rulings of an arbitrator or arbitration panel may be binding and may not be subject to appeal. |
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| www.ism.ws | www.apics-swiv.org |