--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Thursday, July 6, 2006
   


Institute for Supply Management

Supply Management Image Campaign

ISM's 92nd Annual International Supply Management Conference

Just in ETime -- Pass It On

In This Issue ...
  • June Non-Manufacturing ISM Report On Business®: Business Activity at 57%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • New ISM Web Seminar.  Read more.
  • R. Gene Richter Awards Accepting Entries From Innovative Supply Management Departments.  Read more.
  • I am Interested in Earning One of ISM's Certifications — Where do I Start?.  Read more.
  • Principles and Standards of Ethical Supply Management Conduct.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


June Non-Manufacturing ISM Report On Business®: Business Activity at 57%

Business activity in the non-manufacturing sector increased in June 2006, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®.

The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee; and senior vice president - supply management for Hilton Hotels Corporation. "Non-manufacturing business activity increased for the 39th consecutive month in June," Nieves said. He added, "Business Activity, New Orders, Employment, Inventory, Prices, New Export Orders and Imports increased at slower rates in June than in May. Backlog of Orders and Inventory Sentiment increased at faster rates. Fourteen of 16 non-manufacturing industry sectors report increased activity in June. Members' comments in June are mostly positive concerning current business conditions. Prices remain an area of concern for many members due to raw material and fuel expenses. The Prices Index declined 3.6 percentage points this month to 73.9 percent. The overall indication in June is continued economic growth in the non-manufacturing sector, however, at a slower pace than in May."

To read the entire report click here.

Back to Top


Latest JPMorgan Global PMI: Global Report on Manufacturing

Price Pressures Mounted as Growth of Global Manufacturing New Orders and Production Remained Robust in June.

Robust growth of the world manufacturing sector continued in June, as companies benefited from the current buoyancy of global market demand. The trend in employment remained positive, with manufacturing jobs added for the thirteenth successive month. Although companies maintained a reasonable degree of pricing power, reflected by an increase in factory gate prices, margins were squeezed as average purchase prices rose at the sharpest pace since October 2004.

At 55.0 in June, the JPMorgan Global Manufacturing PMI was unchanged from May's four-month low, but nonetheless remained well above the 50.0 no-change mark.

For the complete JPMorgan release click here.

Back to Top


New ISM Web Seminar

Enhancing Supply Effectiveness through Indirect Spend
Thursday, July 20, 2006

Indirect spend, for both materials and services, represents over a third of all procurement costs. Categories include a wide range of buys -- from MRO to professional services. For supply and procurement executives, indirect spend offers opportunities to not only significantly reduce costs but substantially improve quality and service. Explore the operating environment and characteristics of indirect spend, as well as specific case studies showing how some organizations have achieved impressive results. This session is one hour in duration and you can earn one Continuing Education Hour.

Featured Speaker:
Jack Barry

Principal, Pegasus Global Partners

Registration fees are $99 per individual or $179 for two or more attendees per connection.

For full information and to register now for this event click here.

Back to Top


R. Gene Richter Awards Accepting Entries From Innovative Supply Management Departments

ISM announces its call for entries for the second annual R. Gene Richter Awards for Leadership and Innovation in Supply Management. ISM's Richter Awards are open to supply management departments of all sizes and geographic locations, both domestic and international. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact.

ISM will accept entries through an online submission process from July 3 - September 29, 2006. Multiple entries are welcome in four award categories, including process, organization/structure, people and technology. Winners will be notified in January 2007, and award recipients will be publicly announced and honored at an awards dinner on Monday, May 7, 2007 at ISM's 92nd Annual International Supply Management Conference and Educational Exhibit in Las Vegas. Winners agree to present at ISM Conference sessions the Tuesday afternoon following the awards dinner.

For more information on the R. Gene Richter Awards click here.

Back to Top


I Am Interested in Earning One of ISM's Certifications — Where do I Start?

First determine whether you are eligible for the Certified Purchasing Manager (C.P.M.) or the Accredited Purchasing Practitioner (A.P.P.) or both. There are no prerequisites to take the Exam.

Modules 1, 2 and 3 of the Exam contain 95 questions (90 of which are scored) and you are allowed 1 hour and 45 minutes to complete each module. Module 4 contains 120 questions (110 of which are scored) and you are allowed 2 hours and 10 minutes to complete it.

The current requirements for the A.P.P.:

  1. Successful completion of Module 1 and Module 2 of the Exam.
  2. Two years of professional (non-clerical, non-support) experience, of which purchasing and supply can be a secondary component OR have an associate's degree from an accredited institution and one-year of professional (non-clerical, non-support) experience.

The current requirements for the C.P.M.:

  1. Pass all four modules of the Exam.
  2. Five years of full time professional (non-clerical, non-support) supply management experience OR three years of full time professional supply management experience and a four year degree from an accredited institution.

Once you determine what designation(s) you wish to achieve the next step is to plan a course of study and take the Exam. For details on the study material available through ISM and the testing process please click here.

Note: February 28, 2007 is the last day you can postmark your Original and Original Lifetime A.P.P. applications.

Back to Top


Principles and Standards of Ethical Supply Management Conduct

The principles and standards of ethical supply management conduct (as defined on the ISM Web site) are established to encourage adherence to an uncompromising level of integrity. They are designed to heighten awareness and acceptance of appropriate conduct and to emphasize the role of ethics in the decision-making process. They are not intended to supplant an organization's policies pertaining to ethical practice. These principles and standards are intended to be a model for consideration. Further, they are recommended as guidelines to all those who influence the supply management process, including supply management professionals, engineers, quality control personnel, sales representatives and senior management.

Although no set of principles and standards can be all-inclusive, these were established to cover major domestic and international supply management issues. Sensitivity to and consideration of other cultures, including the laws, customs and practices of other nations, are also important.

To access the ISM Principles and Standards of Ethical Supply Management Conduct with Accompanying Guidelines click here.

For a downloadable PDF version of the 12 Principles and Standards click here.

Back to Top


Term of the Day

Today's ISM Term of the Day is: EXPERT SYSTEM.

Definition: A computer system that provides employees with a knowledge base of industry experts in any given field at their fingertips. It may contain program goals, a consensus of facts by experts, rules of thumb used by experts to help them arrive at decisions, etc. This is interactive in the sense that the program asks the decisionmaker questions regarding a situation and makes recommendations using the available expert information.

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: mpeck@ism.ws

Back to Top


Rate and Review this item

Rate this item:



Log in to rate or review this item.


Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

Back to Top