|In This Issue ...
- July Non-Manufacturing ISM Report On Business®: Business Activity at 55.8%. Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing. Read more.
- Principles and Standards of Ethical Supply Management Conduct. Read more.
- ISM Supplier Directory. Read more.
- PRACTIX: Best Practices in Purchasing/Supply Chain Reports. Read more.
- Is Your Organization a Potential Winner? Don't Forget the ISM R. Gene Richter Awards Application Process Closes September 28, 2007. Read more.
- Term of the Day. Read more.
- Contact Us. Read more.
|July Non-Manufacturing ISM Report On Business®: Business Activity at 55.8%
Business activity in the non-manufacturing sector increased at a slower rate in July 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 52nd consecutive month in July," Nieves said. He added, "Business Activity, New Orders and Employment increased at a slower rate in July than in June. The Business Activity Index registered 55.8 percent, a decrease of 4.9 percent. The New Orders Index decreased to 52.8 percent, and the Prices Index decreased to 61.3 percent in July, both indicating growth at a slower rate than in June. Nine non-manufacturing industries reported increased activity in July. Members' comments in July are mixed about business conditions. The overall indication in July is continued economic growth in the non-manufacturing sector, but at a slower pace than in June."
To read the entire release click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Solid Expansion of Global Manufacturing Sector Eased From Recent Highs in July. Input Price Inflation Remained Elevated.
Growth of the global manufacturing sector eased noticeably at the start of 2007. However, underlying conditions remained solid overall, with July PMI data pointing to an expansion of global IP of around 4% saar.
The headline JPMorgan Global Manufacturing PMI posted 53.1 in July, down from 54.4 in June, to record its lowest reading in four months.
For the complete JPMorgan release click here.
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|Principles and Standards of Ethical Supply Management Conduct
The principles and standards of ethical supply management conduct defined on the ISM Web site are established to encourage adherence to an uncompromising level of integrity. They are designed to heighten awareness and acceptance of appropriate conduct and to emphasize the role of ethics in the decision-making process. They are not intended to supplant an organization's policies pertaining to ethical practice.
Loyalty To Your Organization
Justice To Those With Whom You Deal
Faith In Your Profession
From these principles are derived the ISM standards of supply management conduct. (Global)
- Avoid the intent and appearance of unethical or compromising practice in relationships, actions and communications.
- Demonstrate loyalty to the employer by diligently following the lawful instructions of the employer, using reasonable care and granted authority.
- Avoid any personal business or professional activity that would create a conflict between personal interests and the interests of the employer.
- Avoid soliciting or accepting money, loans, credits or preferential discounts and the acceptance of gifts, entertainment, favors or services from present or potential suppliers that might influence, or appear to influence, supply management decisions.
- Handle confidential or proprietary information with due care and proper consideration of ethical and legal ramifications and governmental regulations.
- Promote positive supplier relationships through courtesy and impartiality.
- Avoid improper reciprocal agreements.
- Know and obey the letter and spirit of laws applicable to supply management.
- Encourage support for socially diverse practices.
- Conduct supply management activities in accordance with national and international laws, customs and practices, your organization's policies and these ethical principles and standards of conduct.
- Develop and maintain professional competence.
- Enhance the stature of the supply management profession.
These principles and standards are intended to be a model for consideration. Further, they are recommended as guidelines to all those who influence the supply management process, including supply management professionals, engineers, quality control personnel, sales representatives and senior management.
Although no set of principles and standards can be all-inclusive, these were established to cover major domestic and international supply management issues. Sensitivity to and consideration of other cultures, including the laws, customs and practices of other nations, are also important.
For more information on these principles and standards and to view the accompanying guidelines click here.
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|ISM Supplier Directory
Looking for technology providers? Consultants? Logistics services? Take a look in the ISM online Supplier Directory.
You can search the ISM Supplier Directory by company name, descriptive keywords, state, country or category. You'll find over 20 supplier categories listed.
To check out the ISM Supplier Directory click here.
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|PRACTIX: Best Practices in Purchasing/Supply Chain Reports
PRACTIX, Best Practices in Purchasing/Supply Chain reports, are quick looks at good/best practices on purchasing and supply chain programs and processes in the corporate realm. The topics are driven by the Project 10X Assessment, 10X Knowledge Base, and Benchmarking. These reports are published on the CAPS Research Web site, and current reports are available for downloading.
PRACTIX features digestible case studies — summary portraits of programs that have changed the face of purchasing and continue to do so.
Check out the latest reports published in 2007:
- The Evolution of Electronic Invoicing at MRD
By Tom Gattiker
This article describes the implementation of electronic invoicing (e-invoicing) at a large original equipment manufacturer and services provider in electronics and computing.
- Zeta — A Model of Process Excellence
By Nicole DeHoratius and Joseph Van Orden
This paper documents the actions one retailer has taken to prevent and correct record inaccuracy at its retail stores. Specific actions include the improvement of inventory control, the design of new picking and shipment processes, and the development of measures to monitor and hold individuals accountable for record inaccuracy.
To access these and other PRACTIX reports visit the CAPS Research Web site — click here.
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|Is Your Organization a Potential Winner? Don't Forget the ISM R. Gene Richter Awards Application Process Closes September 28, 2007.
Submissions for the prestigious ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management close September 28.
The awards are open to supply management departments of all sizes and geographic locations, both domestic and international. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact.
Online submissions are open from July 2 to September 28, 2007. Multiple entries are welcome in four award categories, including process, organization/structure, people and technology. Winners will be notified in January 2008, and award recipients will be publicly announced and honored in May 2008 at an awards dinner at ISM's 93rd Annual International Supply Management Conference and Educational Exhibit in St. Louis, MO.
Questions regarding the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management can be directed to Scott Sturzl, C.P.M., at 800/888-6276, extension 3105 (or, for callers outside the United States, 480/752-7890, extension 3105), or by e-mail at email@example.com.
For information on entry categories, applying for the 2008 awards or to download the 2007 Richter Award Winners Brochure click here.
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|Term of the Day
Today's ISM Term of the Day is: UNIFORM ELECTRONIC TRANSACTIONS ACT.
Definition: Standalone act (not part of the UCC) approved in 1999 by the National Conference of Commissioners on Uniform State Laws (NCCUSL) to govern electronic commerce. Adopted by most states, it defines contracting requirements in the electronic environment.
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 currently 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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