Thursday, June 1, 2006

Institute for Supply Management

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In This Issue ...
  • May Manufacturing ISM Report On Business®: PMI at 54.4%.  Read more.
  • 2007 Call for Presentations Deadline is July 1, 2006.  Read more.
  • New ISM Ethics Survey Report Available Online.  Read more.
  • ISM's 2006-07 Satellite Seminar Series.  Read more.
  • Purchasing and Supply Chain Management Roundtable.  Read more.
  • The Power of the Services Supply Chain: Strategies for Innovation.  Read more.
  • Web Site of Interest.  Read more.
  • Term of the Day.  Read more.
  • Are You Taking Advantage of Just in ETime?  Read more.
  • Contact Us.  Read more.

May Manufacturing ISM Report On Business®:
PMI at 54.4%

Economic activity in the manufacturing sector grew in May for the 36th consecutive month, while the overall economy grew for the 55th 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. "The manufacturing sector grew once again in May, but the rate of growth as measured by the PMI slowed somewhat during the month. The slower growth is evidenced by a significant loss of momentum in the last four months as the New Orders Index has slipped from 61.9 percent in February to 53.7 percent in May. Prices, driven by raw materials costs, are a concern."

To read the entire report click here.

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2007 Call for Presentations Deadline is
July 1, 2006

ISM invites you to submit a workshop proposal for our 2007 Conference. What better way to share your knowledge, ideas, success and insight than to present a workshop session at the premier supply management event of the year? As a speaker at the 92nd Annual International Supply Management Conference, you announce to your stakeholders that you and your organization are leaders in supply management.

Motivate your colleagues to reach new heights. Inspire newcomers to embrace the profession.

Deadline for submissions: July 1, 2006.

ISM's 92nd Annual International Supply Management Conference and Educational Exhibit takes place:

May 6-9, 2007
Bally's Las Vegas Hotel
Las Vegas, Nevada

For more information on submitting a presentation proposal click here.

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New ISM Ethics Survey Report Available Online

In late 2005, ISM's Ethical Standards Committee conducted a survey to assess the drivers and barriers to ethical behavior in organizations. The survey received more than 1200 responses from supply managers and their colleagues. The results of that study, "Social Responsibility and the Supply Management Profession: A Study of Barriers and Drivers to Ethical Practices," are now posted in PDF format in the Research area of the ISM Social Responsibility section of the ISM Web site.

To download the study click here.

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ISM's 2006-07 Satellite Seminar Series

It's time to mark your calendars for the 2006-07 Satellite Seminar Series.

  • June 8, 2006 -- Buying Travel, Energy and Other Services
  • October 12, 2006 -- Finance for the Supply Professional
  • February 8, 2007 -- Critical Business Skills for Effective Supply Chain Leaders
  • April 19, 2007 -- The Business Case for Diversity in a Social Responsibility Context
  • June 7, 2007 -- Project Management for Supply Professionals

Program descriptions and outlines, panelist biographies and other pertinent information can be found online. 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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The Power of the Services Supply Chain: Strategies for Innovation

An ISM Services Group Program
St. John's University - Manhattan Campus New York, NY
June 8, 2006

Spend the day with some of the industry's leading experts from MetLife, Dun & Bradstreet, Pfizer Inc, JVKellyGroup and Voice of Empowerment, Inc. Learn to develop a successful strategy and integrate real solutions that achieve significant results.

ISM and St. John's University have again teamed up to present valuable insights into new strategies for innovation solutions to help you contain and even lower costs that are associated with purchasing services. Make a dynamic difference within your organization by enhancing and more effectively managing your services spend. This one-day event is filled with back-to-back sessions, including dynamic negotiation strategies for service related contracts and techniques that improve the bottomline.

$495 ISM Members/$695 Nonmembers. Register online and save $25

Sponsored by:

  • St. John's University
  • The Peter J. Tobin College of Business
  • JVKelly Group

Earn 6.25 Continuing Education Hours (CEHs) when you attend this one-day event.

For more information or to register click here.

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Web Site of Interest

This month's Web Site of Interest is: BUSINESS ETHICS MAGAZINE - ONLINE

This Web site has a Business Ethics Directory in their Resources section. The directory is broken into sections, and the sections list the company names, company descriptions and contact information. The site also offers an event calendar, and a books and products section on business ethics. Some of the magazine's articles are available to non-subscribers.

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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Term of the Day

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

Definition: Any name, term, symbol, or design that an organization uses to differentiate its offering from those of others.

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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Are You Taking Advantage of Just in ETime?

The Just in ETime e-mail newsletter delivers ISM- and purchasing/supply-related news and updates to subscribers' desktop every other week. You'll receive 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. And best of all — there's no charge to subscribe!

To subscribe click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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