This Issue ...
- August Non-Manufacturing ISM Report On Business®: Business Activity at 57%. Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing. Read more.
- About ISM's Special Interest Groups & Forums. Read more.
- UNSPSC for Spend Analysis: Industry Best Practices. Read more.
- Certified Professional in Supply Management (CPSM). Read more.
- Application Deadline is September 29, Don't be Left Out! Read more.
- Term of the Day. Read more.
- Contact Us. Read more.
|August Non-Manufacturing ISM Report On Business®: Business Activity at 57%
Business activity in the non-manufacturing sector increased in August 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 41st consecutive month in August," Nieves said. He added, "Business Activity increased at a faster rate in August than in July. Employment, New Orders, New Export Orders, Imports, Inventories and Prices increased at a slower rate. Eleven of 18 non-manufacturing industry sectors report increased activity in August. Members' comments in August are mostly positive concerning current business conditions. Prices, fuel expenses, energy costs and interest rates remain areas of concern. The Prices Index decreased 2.4 percentage points this month to 72.4 percent. The overall indication in August is continued economic growth in the non-manufacturing sector at a faster pace than in July."
To read the entire release click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Growth of production and new orders slowed but remained solid in August. Cost inflation eased to a four-month low.
Latest PMI data indicated that the trends in output and new orders for the global manufacturing sector eased, but remained solid, in August. Higher output underpinned a further robust increase in employment, as jobs were added at the sharpest pace in four months. Cost inflationary pressure eased, but supply-side constraints continued to rise.
At 55.1 in August, the JPMorgan Global Manufacturing PMI posted a reading above the no-change mark of 50.0 for the thirty-eighth successive month. Although down on the 55.5 recorded for July, the figure was broadly in line with the robust average for 2006 so far (55.2). Of the major industrial regions covered by the survey, the most noticeable improvement in operating conditions was seen in the Eurozone (led by Germany). PMIs for Japan and the US fell slightly, but remained at solid levels.
For the complete JPMorgan release click here.
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|About ISM's Special Interest Groups & Forums
There are currently a total of 12 ISM Special Interest Groups. Groups are composed of members with common interests for education and networking in various topics. Group membership is open to all ISM Regular and Direct members.
ISM Groups include the following:
- Chemical Group
- Indirect-MRO Group
- Materials Management Group
- Services Group
- And many more!
There are a total of eight ISM Special Interest Forums. Forums are composed of members who are employed in a specific sector and come together for the sole purpose of exchanging information and ideas about supply management in that specific sector. Forum membership is limited.
ISM Forums include the following:
- Hospitality Management Forum
- Petroleum Industries Buyers Forum
- Steel Buyers Forum
- Utility Purchasing Management Group
- And more!
For more information about the ISM Groups and Forums click here.
Be sure to visit the ISM Groups and Forums Web sites too: click here.
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|UNSPSC for Spend Analysis: Industry Best Practices
A free Web seminar sponsored by Zycus and presented by ISM
September 20, 2006
2:00 p.m. EST 11:00 a.m. Pacific
Please join Mr. Stephen Arens, Senior Director Market Development, Gs1 US from UNSPSC who will share his insights on factors critical for adopting UNSPSC during this one-hour free Web seminar. Also presenting will be Michael D. Batton, Strategic Sourcing Research Manager, Corning Incorporated. Mr. Batton will detail how Corning has benefited by using UNSPSC, what to expect and how best to implement a progressive spend analysis program in your organization.
During this Web seminar, you will learn:
- Best practices for successful adoption of UNSPSC
- Common mistakes to be avoided during the implementation of UNSPSC
- Tips for Effective Change Management
- Industry successes discussed through case studies
- GS1 Roadmap for UNSPSC
The United Nations Standard Products and Services Code®, is considered synonymous to Best in Class Spend Analysis Programs. Successful adoption and value derived by early adopters of UNSPSC has generated a lot of interest in organizations that are planning to start or enhance their spend analysis initiatives.
Attend this FREE Web seminar and receive a free copy of the booklet
UNSPSC for Better Spend Analysis!
This free Web seminar qualifies for one CEH credit at ISM. For full information and to register for this one-hour event click here.
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|Certified Professional in Supply Management (CPSM)
The Certified Professional in Supply Management (CPSM) is slated to be the qualification that supply management professionals strive to obtain. The CPSM will be relevant internationally and reflect the expanded education, skills and experience needed to be a successful supply management professional.
"The new qualification will address the realities of supply management, workplace complexities including globalization, greater use of technology, and expanded competencies that supply management professionals employ to drive value in their organizations," states ISM Chief Executive Officer Paul Novak, C.P.M., A.P.P.
The CPSM will debut in 2008. If you would like to receive e-mail updates regarding the new CPSM qualification as it becomes available, join ISM's e-mail update list, click here.
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|Application Deadline is September 29, Don't be Left Out! ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management Accepting Entries From Innovative Supply Management Departments
Organizations invited to apply via ISM Web no later than September 29, 2006.
While the inaugural ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management have been presented, the Institute for Supply Management (ISM) is announcing its call for entries for the second annual awards. 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 to 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.
Questions regarding the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management can be directed to Scott Sturzl, C.P.M., at 800/888-6276, extension 3105 (or, for callers outside the United States, 480/752-7890, extension 3105), or by e-mail at firstname.lastname@example.org.
For information on entry categories, applying for the 2007 awards or to download the 2006 Richter Award Winners Brochure click here.
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|Term of the Day
Today's ISM Term of the Day is: ANSI X.12.
Definition: A set of standards promulgated by the American National Standards Institute for use in formatting and handling purchasing-related documents transmitted by electronic data interchange (EDI).
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: email@example.com
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