This Issue ...
|72nd Semiannual Economic Forecast
Economic growth in the United States will continue in 2007, say the nation's purchasing and supply management executives in their 72nd Semiannual Economic Forecast.
Expectations for 2007 are at relatively high levels for both manufacturing and non-manufacturing sectors. Both sectors are optimistic about 2007, with revenues expected to grow equally in both sectors.
Expectations for 2007 are high as 72 percent of survey respondents expect revenues to be greater in 2007 than in 2006. The panel of purchasing and supply executives expects a 6.4 percent net increase in overall revenues for 2007, compared to an increase of 6.2 percent increase reported for 2006. Manufacturing industries expecting the greatest improvement over 2006 listed in order are: Chemical Products; Transportation Equipment; Primary Metals; Food, Beverage & Tobacco Products; Computer & Electronic Products; Miscellaneous Manufacturing*; and Electrical Equipment, Appliances & Components.
Seventy-two percent of non-manufacturing supply management executives expect their 2007 revenues to be greater than in 2006. They currently expect a 6.4 percent net increase in overall revenues for 2007 compared to a 7.7 percent increase reported for 2006. Non-manufacturing industries expecting the greatest improvement over 2006 listed in order are: Mining; Professional, Scientific & Technical Services; Wholesale Trade; Transportation & Warehousing; Educational Services; and Information.
To read the entire forecast click here.
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|Free Web Seminar -- Tomorrow
Leveraging Spend Visibility: Have reports, What Next?
December 13, 2006
2:00 pm EST, 11:00 am Pacific
In this thought provoking Web seminar brought to you by ISM and sponsored by Zycus, Jason Busch and Gary Miklos will discuss how companies can truly leverage spend visibility to create sustained value through a process driven savings opportunity creation and management.
With spend visibility projects, companies get a decision support tool and some quick initial savings. However, to leverage the power of this tool and get long term sustained value and savings, processes need to be put in place in order to institute change management.
In this one hour you will learn:
- How to create a sustainable process for savings opportunity discovery
- How to collaborate between stake holders to validate and prioritize opportunities
- Leveraging Spend Analysis as a sourcing performance management tool
For full information and to register for this free one-hour event click here.
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|Term of the Day
Today's ISM Term of the Day is: RESOURCE CONSERVATION AND RECOVERY ACT (RCRA).
Definition: Federal law, passed in 1976, that focuses on the management of hazardous waste, its generation, storage, transportation, and disposal.
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 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: The new ISM Glossary of Key Supply Management Terms (4th Edition) is now available for purchase. For details click here.
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