Monday, February 5, 2007


Expense Management Solutions


ISM's 92nd Annual International Supply Management Conference

In This Issue ...
  • January Non-Manufacturing ISM Report On Business®: Business Activity at 59%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • A.P.P. Reminder.  Read more.
  • 6 plus 6: Two CPOs Share Their Six Best Ideas for Driving Cost Savings & Compliance.  Read more.
  • Conference Tidbits.  Read more.
  • Study Materials and Methods for the C.P.M. Exam.  Read more.
  • ISM Expands Online Course Offerings.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

January Non-Manufacturing ISM Report On Business®: Business Activity at 59%

Business activity in the non-manufacturing sector increased at a faster rate in January 2007, 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 46th consecutive month in January," Nieves said. He added, "Business Activity increased at a faster rate in January than in December. New Orders and Employment increased at slower rates than in December. The Prices Index decreased 4.5 percentage points this month to 55.2 percent. Seven non-manufacturing industries reported increased activity in January. Members' comments in January are mostly positive concerning current business conditions. The overall indication in January is continued economic growth in the non-manufacturing sector at a faster pace than in December."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing Recorded a Sluggish Start to 2007, as Production Expanded at Its Least Marked Pace Since Mid-2003.

The global manufacturing economy lost noticeable momentum at the start of 2007. At 52.4 in January, the JPMorgan Global Manufacturing PMI remained above the no-change mark of 50.0 for a forty-third consecutive month, but fell to its lowest level since August 2005. Production growth slowed to a three-and-a-half year low.

The latest release saw some slight revision to the back data of the global manufacturing indexes. These revisions are the consequence of the application of an updated weighting structure to the global indicators and ISM's annual assessment of the seasonal adjustment factors applied to the US data.

For the complete JPMorgan release click here.

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A.P.P. Reminder

In order to apply for your A.P.P. Original/Original Lifetime accreditation you must submit your application no later than February 28, 2007.

For more information click here.

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6 plus 6: Two CPOs Share Their Six Best Ideas for Driving Cost Savings & Compliance

February 8, 2007
11:00 am Pacific, 2:00 pm Eastern

Join Kenneth W. Edwards from Zurich Financial Services and David Peraino from American Express as they discuss their six best ideas for driving cost savings and compliance. This free Web seminar will provide you with tangible strategies and techniques to enhance the contribution and value you bring to your organization's procurement program.

This Webcast qualifies for one CEH credit at ISM. For full information and to register for this free one-hour event click here.

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Conference Tidbits

Everyone knows that you go to a conference for the educational workshops. But do you know about all the other benefits ISM's 92nd Annual International Supply Management Conference and Educational Exhibit has to offer its attendees?

Here are just a few extras that you might find worthwhile:

  • First Time Conference Participants
    If this is your first time at an ISM Conference, you can attend a special Sunday (May 6, 2007) morning session to learn how to navigate the Conference. Here you'll get suggestions on how to get the most out of your Conference experience and how to take advantage of the numerous networking opportunities available.

  • Networking Roundtable Discussions
    Take advantage of this opportunity to discuss and explore industry topics with your peers. Attend the Roundtable Discussion session on Sunday for your chance to share experiences, best practices, gain answers or just bounce ideas off your colleagues.

  • Conference Career Center
    World-class organizations will be onsite to conduct interviews, so make sure to upload your résumé in the Conference Career Center module.

  • Career Expert
    New this year! Stop by the Conference Career Center on Monday, May 7th to meet with an expert for tips on writing dynamic cover letters and résumés, and interviewing.

  • Exhibit Hall
    Here's your chance to meet with over 100 suppliers. Touch bases with your current suppliers or identify potential suppliers. Here's another opportunity to network with registered colleagues.

For more information about the ISM Annual Conference click here.

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Study Materials and Methods for the C.P.M. Exam

Because certification candidates' backgrounds vary significantly, we recommend a course of study and the use of materials which are pertinent to the C.P.M. Exam. ISM has compiled a descriptive list of various materials to help you in your certification efforts.

The study materials list includes information on:

  • Online review courses
  • A free informational handout by Dr. Michael McGinnis. C.P.M.
  • The ISM Knowledge Series
  • Self-study workbooks
  • C.P.M. Study Guide
  • And much more!

To access this handy information click here.

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ISM Expands Online Course Offerings

Visit the Knowledge Center today and gain access to ISM's expanded class offerings that now include Accenture's Supply Chain Academy (SCA) courses. Global in scope, these courses were developed by experts from more than 30 leading organizations, professional associations, industry consortia and educational institutions.

ISM is dedicated to your success. We've designed the Knowledge Center for you and your organization to give you access to a comprehensive curriculum that addresses all areas of the supply chain. Whether you're looking to improve your skills or want to expand the capabilities of your organization, ISM is your total education resource for achieving your goals.

And, we understand that everyone has a unique learning style. These expanded offerings provide you with a multitude of delivery formats and more continuing education opportunities.

Enroll today and earn Continuing Education Hours (CEHs).

To access the Online Course Guide (PDF format) click here.

To register for a Knowledge Center online course click here.

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Term of the Day

Today's ISM Term of the Day is: PILFERAGE.

Definition: Loss of materials through willful theft.

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.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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