Tuesday, January 3, 2006

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Institute for Supply Management

ISM's Annual Conference

Supply Management Image Campaign

In This Issue...

December Manufacturing ISM Report On Business®: PMI at 54.2%

Economic activity in the manufacturing sector grew in December for the 31st consecutive month, while the overall economy grew for the 50th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.

The report was issued today by Norbert J. Ore, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "2005 was an excellent year for the manufacturing sector as measured by the ISM data. In December, we saw a decline in the rate of growth of both new orders and production, but both indexes are at levels that support economic growth. We saw a significant slowing in the upward pricing spiral that has been a source of continuing concern for manufacturers. A strong fourth quarter should carry significant momentum forward into 2006."

To read the entire report click here.

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New ISM Qualification Web Seminar #1

ISM held a Web seminar on December 13, 2005 regarding the new ISM Qualification Program and how ISM plans to move forward in the future as it relates to the new qualification program. Did you miss it?

Would you like to know more about the:

  • Format of the new program?
  • Bridging and Recertification process?
  • Benefits to supply management professionals?
  • Extensive question and answer session at the conclusion of the event?

ISM has archived the Web seminar information and made it available — at no charge — to you on the ISM Web site.

To access the New Qualification Program Web Seminar information click here.

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ISM Knowledge Center

The Knowledge Center provides online courses that are self-paced. Designed with your needs in mind, you will save time and money because travel is not required. And, because they are self-directed, you can participate when it's convenient for you. Choose from a variety of topics, from basic to advanced, offered in a format that fits your busy schedule. ISM is making it easy for you to stay current with the latest trends in purchasing and supply chain management. You can also earn Continuing Education Hours (CEHs) toward your C.P.M. recertification.

Two new courses have been added to the Knowledge Center's course listing and, for a limited amount of time, are available for only $149 each. The new courses are:

  • Best Practices of Indirect Materials and Services (MRO)
  • e-Commerce Implementation Strategies

For more information about the ISM Knowledge Center or any of its online courses click here.

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Web Site of Interest

This month's Web Site of Interest is: THE OUTSOURCING INSTITUTE.

Free outsourcing information, resources, consulting and networking opportunities, and solutions for buyers, service providers and industry influencers.

To access this Web site click here.

Please note: This external Internet address contains information created, published, maintained, or otherwise posted by institutions or organizations independent of ISM. Links from this Web site, or any other Web site(s) accessible from this Web site, to any product, entity, service, or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other Web site.

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Gaining Control Over and Reducing Indirect Spend

A complimentary Web Seminar presented by ISM and American Express
February 2, 2006
11:00 a.m. Pacific / 2:00 p.m. Eastern

This program qualifies for one CEH

Control and management of indirect spend continues to be a challenge for most organizations. Procurement professionals are tasked with finding new and creative solutions to reduce significant indirect spend — including T&E — while also streamlining procurement processes.

When you attend this free Web seminar, you will learn how to:

  • Maximize the spend and manage the compliance of T&E expense
  • Streamline supplier sourcing and negotiation
  • Identify opportunities for savings in the procure-to-pay process

Listen to experts that have visibility into the challenges and opportunities within the indirect spend category:

  • Steve Landuyt, Regional Vice President, American Express
  • Lane Dubin, Vice President, Business Development American Express Travel
  • Case Studies from Two Practioners

For more information or to register for this event click here.

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Term of the Day

Today's ISM Term of the Day is: CONFLICT OF INTEREST.

Definition: A situation in which an individual has a personal interest as well as a job responsibility, with a possibility for a conflict between the two. The individual's actions may be influenced by his/her personal interest to the detriment of performing the professional responsibility effectively (e.g., buying from a supplier owned by a family member).

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

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The Gift of News — Free

Subscribe to the Just in ETime e-mail newsletter and give yourself the free gift of news. The Just in ETime e-mail newsletter delivers ISM- and purchasing/supply-related news and updates to subscribers' desktop every other week -- at no charge! Breaking news, such as the ISM Report On Business®, information on upcoming seminars and programs, changes to certification rules/requirements, as well as Web sites of interest to supply/procurement professionals.

For your free copy of the Just in ETime newsletter click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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