Wednesday, May 3, 2006


National Business Travel Association (NBTA)Foundation

Institute for Supply Management

ISM's Annual Conference

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In This Issue ...
  • April Non-Manufacturing ISM Report On Business®: Business Activity at 63%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • ISM Conference Proceedings.  Read more.
  • Purchasing and Supply Chain Management Roundtable.   Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

April Non-Manufacturing ISM Report On Business®: Business Activity at 63%

Business activity in the non-manufacturing sector increased in April 2006, 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 37th consecutive month in April," Kauffman said. He added, "Business Activity and New Orders increased at faster rates in April than in March. Prices, Inventories, Backlog of Orders and Employment also increased at faster rates. New Export Orders and Imports increased at slower rates than in March. Fourteen of 17 non-manufacturing industry sectors report increased activity in April, compared to 13 that reported increased activity in March. Members' comments in April are mostly positive concerning current business conditions, with a number of them indicating that this month's faster rate of increase of inventories is due to increased business or the expectation of increased business activity. Price increases have again become a significant area of concern for many members as a result of recent fuel price increases. The Prices Index jumped 10 points this month to 70.5 percent, a level not seen since November 2005 when the index was 70.8 percent. The overall indication in April is continued economic growth in the non-manufacturing sector."

To read the entire report click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Acceleration of Global Manufacturing Output Growth Led to Solid Creation of Jobs in April. Supply-Side Pressures Continued to Mount.

The broad-based acceleration of global manufacturing sector growth continued in April. At 55.9, the JPMorgan Global Manufacturing PMI rose to a twenty-month high and signaled a marked improvement in manufacturing operating conditions. The PMI has now remained above the no-change mark of 50.0 for thirty-four successive months. The highest national PMI reading was recorded by Switzerland. Austria was in second-position, then Germany. The US was fifth-placed overall.

Growth of global manufacturing production reached a twenty-one month peak in April. New orders also rose sharply and employment increased at the most marked pace for almost two years. A slight increase in pre-production inventories was recorded for the first time in thirteen months.

For the complete JPMorgan release click here.

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ISM Conference Proceedings

What are Proceedings?
Proceedings are the written account of the Conference presenter's workshop. The selected Conference presenters submit their papers to ISM for inclusion in that year's Conference Proceedings publication.

Each year ISM publishes its Annual International Supply Management Conference Proceedings. In recent year's the Proceedings have been distributed as a CD. In earlier years it was printed as a book. But did you know that for the last 13 years ISM has also made its Annual Conference Proceedings available online on its Web site? That's right. Since 1994 ISM has posted the Proceedings online, available to the public.

To access the listing of available Conference Proceedings click here.

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Purchasing and Supply Chain Management Roundtable

A half-day event produced by Economist Conferences
Institute for Supply Management™ is a supporting organization.
June 20th, 2006 at the Metropolitan Club in New York City.

Join Shelley Stewart Jr., ISM Board Member and VP of Operational Excellence and Chief Procurement Officer, Tyco International and Lisa Martin, ISM Board Member and VP, Global Sourcing, Pfizer, at this invitation-only event for senior executives. Thought leaders from General Dynamics, Lucent, American Express, and more will attend. SAP is the event sponsor, and ISM is the supporting organization.

To view the agenda and request a *complimentary* invitation click here.

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Term of the Day

Today's ISM Term of the Day is: APICS.

Definition: The Educational Society for Resource Management; founded in 1957 as the American Production & Inventory Control Society.

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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