Thursday, January 5, 2006

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Benedict Negotiating Seminars


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ISM's Annual Conference

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In This Issue...
  • December Non-Manufacturing ISM Report On Business®: Business Activity at 59.8%.  Read more.
  • JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • CNN Anchor, Lou Dobbs, to Keynote ISM's Annual Conference.  Read more.
  • Last Chance — Ballot Deadline January 12.  Read more.
  • Black Executive Supply Management Summit.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

December Non-Manufacturing ISM Report On Business®: Business Activity at 59.8%

Business activity in the non-manufacturing sector increased in December 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 33rd consecutive month in December," Kauffman said. He added, "Business Activity and New Orders increased at faster rates in December than in November. Employment increased at a slightly faster rate while Order Backlogs increased at the same rate as in November. Eleven of 17 non-manufacturing industry sectors report increased activity in December compared to 12 that reported increased activity in November. Supporting the increases in both the Business Activity and New Orders indexes, members' comments in December are generally positive concerning current business conditions. Concern about the relatively high level of energy prices has lessened somewhat, although the effects of high energy prices are still being felt through price increases and surcharges for other products. While the Prices Index continues to decline this month, it is still in a historically high range for the ISM Non-Manufacturing Business Survey. The overall indication in December is continued economic growth in the non-manufacturing sector with a cautiously optimistic outlook as we enter 2006."

To read the entire report click here.

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JPMorgan Global PMI: Global Report on Manufacturing

Expansion of Global Manufacturing Sector Continued in December, but Rates of Growth in Output, New Orders and Employment all Slowed.

December data indicated that global manufacturing operating conditions continued to improve at a solid pace. The Global Manufacturing PMI — a composite index produced by JPMorgan and NTC Economics in association with ISM and IFPSM — posted 54.0. However, the PMI has fallen in each of the past two months, suggesting that the current uptick in global manufacturing growth is losing momentum.

At 56.6 in December, the Global Manufacturing Output Index remained well above the no-change mark of 50.0. At its current level, the Output PMI is broadly consistent with solid growth of global IP of around 6% saar.

To access the complete JPMorgan release click here.

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CNN Anchor, Lou Dobbs, to Keynote ISM's Annual Conference

Award winning journalist and CNN anchor Lou Dobbs will be a keynote speaker at the Institute for Supply Management™'s (ISM) 91st Annual International Supply Management Conference and Educational Exhibit held May 7-10, 2006 in Minneapolis, Minn. Dobbs will address attendees at the Monday, May 8th lunch and Power Conference.

Dobbs, most popularly known as anchor for CNN's Lou Dobbs Tonight, also anchors the nationally syndicated radio report, Lou Dobb's Financial Report, and writes columns for both Money magazine and U.S. News and World Report. In 1999, Dobbs founded, the first multimedia company dedicated to space and space-related content.

Don't miss the opportunity to see Lou Dobbs and the other renowned keynote speakers who will address more than 2,000 supply management professionals from around the world. This supply management event will feature more than 100 workshops and networking events, the Career Center and pre- and post-Conference events.

For more information or to register for the Conference click here.

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Last Chance -- Ballot Deadline January 12

ISM members are being asked to vote on the election of ISM Board members. The report of the vote and other business of the organization will be made at the ISM Annual Membership Meeting that will be held on Thursday, January 12, 2006, at 11:30 a.m. MST at the national headquarters of ISM in Tempe, Arizona.

Your national Board unanimously recommends your vote "For" this outstanding group of individuals:

  • Aaron D. Dent
    Vice President - Supply Chain Management, Delta Air Lines
  • Robert B. Duncan, Ph.D.
    The Eli and Edythe L. Broad Dean and Professor of Management at The Eli Broad College of Business, Michigan State University
  • Grace Puma
    Vice President, Global Indirect Material and Services Procurement, Kraft Foods
  • Shelley Stewart, Jr.
    Vice President Supply Chain, Tyco International (US), Inc.

Remember your Proxy ballot must be received by ISM no later than 11:30 a.m. Mountain Standard Time, January 12, 2006. For more information about the election or the above individuals click here.

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Black Executive Supply Management Summit

March 1-3, 2006
Omni Hotel at CNN Center
Atlanta, Georgia

Plan to attend this unique program with sessions for senior level professionals as well as directors and managers. Special events are planned for college students pursuing a career in supply management.

Presentations include a panel discussion that lets you in on the secrets to success from some of the most influential people in supply management — use their experience to build your career.

  • Network with other top executives
  • Fuel the pipeline to support minority participation
  • Hear from leaders in supply management
  • Build your leadership potential
  • Give your organization a competitive edge

For more information or to register click here.

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Term of the Day


Definition: A system providing information processing and manipulation to support management in daily operations and reporting activities.

A different Term of the Day is posted on the ISM Home Page ( 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:

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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