January 19, 2012

Presentation: Economic Outlook for 2012

Presented by : Dr. Edward F. Stuart Professor of Economics and International/Intercultural Studies North Eastern Illinois University

Joint meeting with Chicago Chapter hosted by the Highlands chapter

Location: Millrose Brewing Company * 45 S. Barrington Rd. * South Barrington , IL 60010

Join us for this First Event of the New Year Economic Outlook 2012. It is time once again for the annual Economic Outlook, a joint PDM with the Chicago APICS Chapter hosted by the Highlands APICS Chapter at the Millrose Brewing Company in South Barrington . Join us on Thursday, January 19, 2012 in what has become an annual tradition, and a much-appreciated one at that, when our respected speaker, Dr. Edward F. Stuart from Northeastern Illinois University , will again provide his informative and entertaining take on economic activity and on some of what 2012 may hold in store.

The past 3-1/2 years have been particularly difficult for the US Economy and for those of us who are affected by the economy.  The questions on everyone's' minds are "Where are we now? And where are we going?" Are we into the second dip of a double-dip recession, or just pulling out of a minor correction? Will the housing market turnaround? Is 9%+ unemployment the 'New Normal'? Given how the economy may affect many of the decisions that each of us will have to make over the next 12 months, it is as important or more important than at any other time in recent history to understand the forces that shape the economy , and to factor that understanding into personal and corporate decision making.  Dr. Stuart's presentation will discuss the basic forces that will shape the year ahead.

Currently, Dr. Edward F. Stuart, Professor of Economics and International/Intercultural Studies, Northeastern Illinois University (NEIU) teaches classes in Macroeconomic Theory, International Economics, and The Economics of the European Union, European Economic History, and Comparative Economic Systems at Northeastern Illinois University where he has been a member of the Economics Department faculty since 1986. You may recognize Dr. Stuart from WGN news or WTTW where he is often called on to provide expert background on economic issues

In The News:

The Highland Chapter would like to recognize the chapter committee members that volunteer their time to the chapter: Joyce Christensen of Affinia Brake Parts Inc Lori Faegenburg of AT&T Debra Martin of Kraft Co. Gordon James of Kemper Valve & Fittings

APICS Becomes The Association for Operations Management

On January 1, 2004, APICS—The Educational Society for Resource Management will change its name to APICS The Association for Operations Management and use the new tag line— Advancing Productivity, Innovation, and Competitive Success. The APICS Board of Directors unanimously approved the name change at its October 9, 2004, meeting, and APICS unveiled the new name publicly at the 2004 APICS International Conference and Exposition in San Diego , California , on October 12.

“APICS has evolved to meet the needs of the community it serves, but the name no longer fully recognized the value proposition the association delivers,” said APICS President Arnold E. Kennedy, CFPIM, CIRM, Jonah. “The new name will honor our rich history in production and inventory control, better define the broad application of the APICS body of knowledge, and position us for the future.”

APICS was founded in 1957 as the American Production and Inventory Control Society, Inc. In the early 1990s, it adopted the name APICS—The Educational Society for Resource Management to acknowledge its growing international presence and expanded scope.

Today, APICS represents a diverse community of professionals from virtually every manufacturing and service industry. The APICS body of knowledge spans all aspects of operations management, which includes production, inventory, supply chain, materials purchasing, and logistics. By changing its name, APICS The Association for Operations Management clearly defines its body of knowledge in terms that are universally understood. The new name asserts the association's leadership position of delivering superior training, internationally recognized certifications, and comprehensive resources, while representing a worldwide network of accomplished industry professionals.

In conjunction with the new name, APICS has adopted the tag line, Advancing Productivity, Innovation, and Competitive Success. “APICS is the resource that individuals and companies rely on for operations management education and validation of one's knowledge through obtaining the Certified in Production and Inventory Management and Certified in Integrated Resource Management designations,“ said Jeffry W. Raynes, CAE, executive director and chief operating officer. “Our new tag line communicates the value that APICS delivers to an individual's career advancement, as well as an employer's bottom line