Tuesday, June 5, 2007
   


Ariba

Karrass

Primacy Relocation

Institute for Supply Management

In This Issue ...
  • May Non-Manufacturing ISM Report On Business®: Business Activity at 59.7%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • Job Seekers Check Out the ISM Career Center.  Read more.
  • Deadline to Submit Your 2008 Call for Presentation is July 1st.  Read more.
  • How Do I Earn Continuing Education Hours (CEHs)?  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


May Non-Manufacturing ISM Report On Business®: Business Activity at 59.7%

Business activity in the non-manufacturing sector increased at a faster rate in May 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 50th consecutive month in May," Nieves said. He added, "Business Activity, New Orders and Employment increased at a faster rate in May than in April. The Prices Index increased this month to 66.4 percent. Twelve non-manufacturing industries reported increased activity in May. Members' comments in May are mostly positive about business conditions. There is continued concern with rising fuel costs. The overall indication in May is continued economic growth in the non-manufacturing sector at a faster pace than in April."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Consolidation of Global Manufacturing Sector Continued in May, as Growth of New Orders Accelerated to a Ten-Month High.

Growth of global manufacturing production steadied at a level close to April's seven-month high in May. Market conditions remained conducive to expansion, as new orders rose at the fastest rate since July 2006. The trend in international trade volumes also underpinned the latest growth of output, as new export orders expanded at a near three-year high.

At 54.1 in May, the Global Manufacturing Purchasing Managers' Index — a composite index produced by JPMorgan and NTC in conjunction with ISM and IFPSM — posted a reading above the neutral mark of 50.0 for the forty-seventh successive month. The PMI indicated that the rate of improvement in world manufacturing operating conditions stabilized, following the recovery in April, with most of the component indexes underlying the PMI showing little-movement over the month.

For the complete JPMorgan release click here.

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Job Seekers Check Out the ISM Career Center

The ISM Online Career Center is a great job-searching resource providing access to hundreds of job listings. Job seekers also enjoy other resources such as tips to help you prepare for a job interview, links to various job hunting Web sites, salary resources, relocating resources, job descriptions, and more.

For help with your résumé, ISM offers a free one-time résumé critique for job seekers. This service is offered by a third-party career expert who also provides a host of other career services (salary negotiation strategies, interview techniques, Internet résumé distribution, and more).

  • The Career Center Job Seeker services are FREE to ISM regular members.
  • Non-members may subscribe to the ISM Career Center Job Seeker services for an annual fee of $185.00.

For more information about the ISM Online Career Center or to register as a user click here.

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Deadline to Submit Your 2008 Call for Presentation is July 1st

ISM invites you to submit a workshop proposal for our 2008 Conference. What better way to share your knowledge, ideas, success and insight than to present a workshop session at the premier supply management event of the year. As a speaker at the 93rd Annual International Supply Management Conference, you announce to your stakeholders that you and your organization are leaders in supply management.

Plus, main presenters who submit a paper for inclusion in the Conference Proceedings receive one complimentary full-Conference registration. (One registration per proposal and per person.)

So don't miss this opportunity to answer the 2008 Call for Presentations for ISM's 93rd Annual International Supply Management Conference, May 4-7, 2008, in St. Louis, Missouri -- Deadline for submissions is July 1, 2007.

For more information click here.

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How Do I Earn Continuing Education Hours (CEHs)?

There are several ways to earn CEHs. Once way is to pass Module 3 and/or 4 of the C.P.M. Exam. Each module passed is worth 42 CEHs. Please note that you must register with ISM for Module 3 and/or 4, by postmarking or entering your registration, no later than December 31, 2008.

Other ways you can receive CEHs are:

  • Attend and pass (or teach) college courses:
    • 14 CEHs will be given for each semester hour completed in the following areas: Purchasing, materials management, supply management, management or other business-related subject matter (e.g. accounting, management, marketing, computers, economics, law, engineering, traffic management, communications, finance, statistics, physical sciences and behavioral sciences.
    • 7 CEHs will be given for most other three semester credit hour courses -- that's 7 CEHs for the entire course.
  • Attend or present a public seminar or conference
  • Business-related training provided by your employer
  • Correspondence courses
  • Publishing an article in an established purchasing or trade magazine or a refereed journal

All educational events must be at least one hour in length to qualify toward recertification. ISM does not need to pre-approve your courses. Each candidate is required to track their own continuing education hours earned.

ISM does not require that the continuing education be taken through ISM. However, ISM does offer numerous ways to earn CEHs (ISM-sponsored seminars, conferences, online courses, and more).

For more information on earning Continuing Education Hours check out the C.P.M. Recertification Frequently Asked Questions -- click here.

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Term of the Day

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

Definition: The legal relationship that exists between two parties by which one (the agent) is authorized to perform or transact specified business activities for the other (the principal).

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 Glossary 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 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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