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

 
Thursday, February 1, 2007
   


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Expense Management Solutions

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ISM's 92nd Annual International Supply Management Conference

In This Issue ...
  • January Manufacturing ISM Report On Business®: PMI at 49.3%.  Read more.
  • Critical Business Skills for Effective Supply Chain Leaders.  Read more.
  • How to Get Started on Your C.P.M. Designation.  Read more.
  • 4th Annual Black Executive Supply Management Summit (BESMS).  Read more.
  • Web Site of Interest.  Read more.
  • Term of the Day.  Read more.
  • Subscribe to Just in ETime Newsletter.  Read more.
  • Contact Us.  Read more.

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January Manufacturing ISM Report On Business®: PMI at 49.3%

Economic activity in the manufacturing sector contracted in January following a one-month expansion, while the overall economy grew for the 63rd 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. "After a slight rebound in December, the manufacturing sector failed to grow in January. While New Orders remained positive, the signals are clear that there is relatively little change taking place in the sector as the PMI has averaged 50.5 percent for the past four months. In overall terms, manufacturing lost momentum in the second half of 2006, and is starting 2007 in a less than robust fashion. Also, results show a significant decline in the Inventories Index to the lowest level since February 2002, indicating that a significant liquidation is taking place in many supply chains. This is the largest month-to-month decrease since July/August 1984."

To read the entire release click here.

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Critical Business Skills for Effective Supply Chain Leaders

Be sure to join us for ISM's next satellite seminar, Critical Business Skills for Effective Supply Chain Leaders, scheduled for February 8, 2007.

Course Information:

To be successful in today's complex business environment, supply managers are challenged to reach beyond traditional business functions such as finance, marketing and procurement -- into areas such as operations, customer relationship management, project management and process design. As a supply professional you need an expanded set of business skills, including soft skills in critical thinking, interpersonal skills, time management, motivation and more.

Who should attend?

This seminar is designed to engage a wide range of supply professionals, providing information for:

  • Supply management professionals to utilize as a benchmarking tool in their professional skills' growth;
  • Buyers who desire to advance to grow their knowledge and marketability by transitioning to more strategically-focused Supply Managers; and
  • Supply management leaders to broaden the skills of their Supply Management professionals and as justification for training budget requests

Program begins 10:00 a.m. Eastern / 6:00 a.m. Pacific. For more information 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. ISM has just updated its online guide to help direct you to where you can find answers on ISM's Web site. 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.

If you're ready, click here to check out ISM's How to Get Started on Your C.P.M. Designation.

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4th Annual Black Executive Supply Management Summit (BESMS)

Next-Generation Leadership Strategies is the focus of this year's summit, March 7-9, 2007 at the Nashville Marriot at Vanderbilt University, Nashville, TN. Discover what it takes to be a successful leader. Examine the skills and experience companies value when recruiting talent; and delve into the strategies professionals are using to turn procurement savings into company profits.

Proceeds from this program are used for a scholarship fund to send students to the ISM 92nd Annual International Supply Management Conference and Educational Exhibit, May 6-9, 2007 in Las Vegas.

Constructive Engagement and Program Attendance — ISM embraces and takes a leadership role in constructive engagement at the university and professional levels to positively influence the growth of a diverse workforce of supply professionals. Constructive engagement includes the creation and delivery of programs for specific audiences. In support of the spirit of its nondiscrimination policy, this ISM educational program is open to everyone. $699 ISM members/$799 nonmembers* (*add $100 if you register after February 7, 2007).

For more information or to register click here.

Questions? Call ISM Certification Department at 800/888-6276, extension 3044.

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Web Site of Interest

This month's Web Site of Interest is: WORLD TRADE MAGAZINE.

Visit the 2007 Supply Chain Management Online University Webinar Series offered by World Trade magazine.

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: PREFERRED SUPPLIER.

Definition: A group of suppliers that an organization has determined meets its expectations for quality, delivery and/or price and that are able to respond to unexpected changes. Often, the organization establishes Master Price Agreements with preferred suppliers. For items where preferred suppliers have been identified, the entire organization is required to buy from these suppliers.

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.

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Subscribe to Just in ETime Newsletter

The Just in ETime e-mail newsletter delivers ISM- and purchasing/supply-related news and updates directly to subscribers' desktops 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 to Just in ETime click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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