ISM - Publications - Just In ETime - Just in ETime Newsletter, November 3, 2005





	Thursday, November 3, 2005

In This Issue...

October Non-Manufacturing ISM Report On Business®: Business Activity at 60%. Read more.
JPMorgan Global PMI: Global Report on Manufacturing. Read more.
Gain Control of Your Contracts and Uncover Cost Saving Opportunities. Read more.
Career Resources. Read more.
The Future of Purchasing and Supply Chain Management. Read more.
Best Practices in Purchasing/Supply Chain. Read more.
ISM Professional Seminars -- Register Today. Read more.
Term of the Day. Read more.
Contact Us. Read more.

October Non-Manufacturing ISM Report On Business®: Business Activity at 60%

Business activity in the non-manufacturing sector increased in October 2005, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®.

The report was issued today by Ralph G. Kauffman, Ph.D., C.P.M., chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee and coordinator of the Supply Chain Management Program, University of Houston-Downtown. "Non-manufacturing business activity increased for the 31st consecutive month in October," Kauffman said. He added, "Business Activity increased at a faster rate in October than in September. Order Backlogs and New Orders also increased at faster rates, but Employment increased at a slower rate. Eleven of 17 non-manufacturing industry sectors report increased activity in October compared to eight that reported increased activity in September. Concern about the continued high level of energy prices and its impact on economic activity is again the number one topic on which survey respondents commented. Respondents also commented on Hurricanes Katrina and Rita and their impact on the energy supply and on the availability and cost of construction materials and truck transportation. The overall indication is continued economic growth in the non-manufacturing sector in October, but with a high level of concern about the impact of energy prices."

To read the entire report click here.

JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI Reached Thirteen-Month High in October, Supported by Solid Growth of Output, New Orders and Employment.

At 54.9 in October, the Global Manufacturing PMI — a composite index produced by JPMorgan and NTC in association with ISM and IFPSM — rose to a thirteen-month high. The PMI has now remained above the no-change mark of 50.0 for twenty-eight successive months.

Denmark recorded the fastest rate of improvement in operating conditions. Of the major industrial regions covered by the survey, the US saw the sharpest rate of expansion. The levels of the Japan (fourteen-month high), the Eurozone (thirteen-month high) and the UK (ten-month high) PMIs all improved since September. The China PMI fell to a level close to the stagnation mark of 50.0.

To access the entire JPMorgan release click here.

Gain Control of Your Contracts and Uncover Cost Saving Opportunities

ISM and Nextance present the complimentary Web seminar: Gain Control of Your Contracts and Uncover Cost Saving Opportunities

Date: November 10, 2005
Time: 11:00 a.m. Pacific / 2:00 p.m. Eastern
Presenter: Jason Rushin, Nextance Marketing, and Roberta Duffy, Editor, Inside Supply Management®
Price: FREE!

Note: This program is one hour in length and qualifies for one CEH at ISM.

For program information or to register for this free special event click here.

Career Resources

ISM has compiled lists of resources to help you further your job seeking endeavors. On the ISM Web site, in the Career Center, there are links to:

ISM affiliates offering employment services
Résumé writing and interview tips
Job descriptions
Various job hunting Web sites
Relocation resources
Scholastic opportunities
And more!

To access the Career Resources listing click here.

The Future of Purchasing and Supply Chain Management

– Making a strategic contribution –
A half-day forum hosted by Economist Conferences and supported by ISM
November 10, 2005 at The Metropolitan Club, Chicago

Join Tony Milikin, member of the Board of Directors, Institute for Supply Management™ and Senior Vice President - Global Supply Chain, MeadWestvaco Corporation at this invitation-only event for senior executives. Program Update! New speaker added: David Blackwell, Vice-president and Chief Financial Officer, Global Procurement, Wal-Mart Stores.

View the agenda and request a *complimentary* invitation, click here.

Best Practices in Purchasing/Supply Chain

PRACTIX, Best Practices in Purchasing/Supply Chain reports, a publication of the CAPS: Center for Strategic Supply Research, are quick looks at good/best practices on purchasing and supply chain programs and processes in the corporate realm.

Current 2005 PRACTIX articles available on the CAPS Web site include:

Consumption and Specification Management Bristol-Myers Squibb Company (02/2005)
Eastman Kodak Company Worldwide Purchasing Sourcing Process (07/2005)
Individual User Adoption and Diffusion of Internet Reverse Auctions at Shell Chemicals (04/2005)
Localizing Sourcing Volumes in China: Insights from the Automotive Industry (06/2005)

To access copies of the PRACTIX reports click here.

ISM Professional Seminars — Register Today

Winter is coming. Want a hot career idea?
Register today to attend an upcoming ISM professional seminar and watch your career heat up! Earn Continuing Education Hours while strengthening your knowledge and skills. From basic through advanced topics, every ISM seminar delivers a comprehensive program with unbeatable value. To learn more about ISM's seminars or to search by topic, date or location.

To learn more about ISM's seminars or to search by topic, date or location click here.

Term of the Day

Today's ISM Term of the Day is: DUTY DRAWBACK.

Definition: A refund of customs duties paid on imported components that are subsequently reexported as part of a finished product.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day -- 7 days a week. The Term of the Day is taken from the Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary of Key Supply Management Terms 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.

To access the Glossary click here.

If you are not a member but would like membership information click here.

Help us update this Glossary! If you don't find the term or definition that you are looking for let us know. We will be updating the ISM Glossary in the coming months, and your input will be useful for the new edition. To contact us regarding the Glossary, e-mail: surveys@ism.ws