Friday, November 3, 2006


Target Corporation



In This Issue ...
  • October Non-Manufacturing ISM Report On Business®: Business Activity at 57.1%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • How to Get Started on Your C.P.M. Designation.  Read more.
  • ISM Affiliate Employment Services.  Read more.
  • Gain Recognition for Your Company's Social Responsibility Efforts.  Read more.
  • UNSPSC for Spend Analysis: Industry Best Practices.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

October Non-Manufacturing ISM Report On Business®: Business Activity at 57.1%

Business activity in the non-manufacturing sector increased at a faster rate in October 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 43rd consecutive month in October," Nieves said. He added, "Business Activity increased at a faster rate in October than in September. Inventories, New Export Orders, Imports and Inventory Sentiment also increased at a faster rate. Nine of 18 non-manufacturing industry sectors reported increased activity in October. Members' comments in October continue to be mixed concerning current business conditions; however, the majority of the comments are positive. The Prices Index decreased 4.8 percentage points this month to 51.9 percent. The overall indication in October is continued economic growth in the non-manufacturing sector at a faster pace than in September."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Slowdown of Global Manufacturing Expansion Continued in October. Sharp Easing in Cost Inflation Pressures as Oil Prices Fell Further.

The ongoing slowdown of global manufacturing sector expansion continued in October. Rates of growth in output and new orders both eased to fourteen-month lows. Of the major industrial regions covered by the global PMI survey, rates of increase in production eased in the US, Japan, China and the UK. Growth held up at an elevated level in the Eurozone, with the rate of expansion posting a modest gain.

The headline JPMorgan Global Manufacturing PMI — which acts as an indicator of overall operating conditions — posted 53.9. The level of the PMI has fallen in each of the past three months and currently stands at its lowest since August 2005. The Eurozone Manufacturing PMI hit a three-month high of 57.0, whereas the ISM US Manufacturing PMI eased to a forty-month low of 51.2. The gap between the Eurozone and the US PMIs (in favor of the euro area) is at its widest since May 2001.

For the complete JPMorgan release click here.

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How to Get Started on Your C.P.M. Designation

You've decided to strengthen your skills set and expand your career by getting your C.P.M.. Congratulations! If you're like most people, you probably have a lot of questions — questions about eligibility, study materials, testing requirements and certification. This online guide helps direct you to the areas on ISM's Web site where you can find answers. While not all-inclusive, it is designed to help C.P.M. candidates understand what is involved in the certification process and how to prepare for your C.P.M. exam modules.

There are five basic steps to the C.P.M. certification process:

  • Determine Eligibility
  • Exam Preparation
  • Registering for Your Exam
  • Exam Testing
  • Applying for Certification

For details on each of the five basic steps to C.P.M. certification click here.

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ISM Affiliate Employment Services

Looking for new career opportunities? Did you know that ISM has compiled a listing of their local affiliates — nationwide — that offer employment services? That's right, ISM has compiled a list with links to 25 ISM affiliate Web sites offering employment services.

This list is available to ISM members only. To access the list click here.

Not yet an ISM member? Join now.

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Gain Recognition for Your Company's Social Responsibility Efforts

What is your organization doing to promote socially responsible practices? Do you have a supplier diversity program? Does your company support the community financially or through employee volunteer efforts? Do you have a code of ethics? Is your organization instituting processes to protect the environment? Does your company have an outstanding safety program?

Since the launch of the ISM Social Responsibility initiative in spring 2004, numerous companies have told us how various elements of the ISM Principles of Social Responsibility are embedded in their own policies and procedures. The ISM Principles of Social Responsibility encompass seven areas — community, diversity, environment, ethics, financial responsibility, human rights and safety.

Organizations that have notified us that they foster social responsibility are recognized in a special area of the ISM Web site. By clicking on the logos for any of the companies listed in this section, you can view their company Web pages to see examples of how they are practicing social responsibility. For more information click here.

To gain recognition for your company's social responsibility efforts and add it to this list, we invite you to complete the online Fostering Form — click here.

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UNSPSC for Spend Analysis: Industry Best Practices

A free archived Web seminar sponsored by Zycus and presented by ISM on September 20, 2006

Featured Speakers:

  • Stephen Arens, Senior Director Market Development, Gs1 US from UNSPSC, insights on factors critical for adopting UNSPSC.

  • 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.

From this archived 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.

To assess the FREE archived Web seminar and receive a free copy of the booklet "UNSPSC for Spend Analysis" click here.

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Term of the Day

Today's ISM Term of the Day is: STOCK LEVEL.

Definition: The desired quantity of stock to be carried.

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 ISM Glossary of Key Supply Management Terms.

ISM members can access the online Members Only ISM Glossary of Key Supply Management Terms which can be browsed alphabetically, or searched by keyword.

To access the online Glossary click here.

If you are not a member but would like membership information click here.

NOTE: Coming this month — the all new, expanded, fourth edition of the ISM Glossary of Key Supply Management Terms. The updated Glossary is a valuable reference tool for supply professionals, academics, researchers and students, and includes information from all disciplines within supply management. The new Glossary also includes a searchable CD and almost 300 new legal terms.

For more information on the new ISM Glossary of Key Supply Management Terms click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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