Tuesday, September 4, 2007
   


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In This Issue ...
  • August Manufacturing ISM Report On Business®: PMI at 52.9%.  Read more.
  • ISM Resource Guides — Free to ISM Members.  Read more.
  • The Strategic Profit Model.  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.
  • Web Site of Interest.  Read more.
  • Term of the Day.  Read more.
  • Subscribe to Just in ETime Newsletter.  Read more.
  • Contact Us.  Read more.


August Manufacturing ISM Report On Business®: PMI at 52.9%

Economic activity in the manufacturing sector expanded in August for the seventh consecutive month, while the overall economy grew for the 70th 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. "Viewed from the manufacturing sector, the overall economy continues to grow at a significant rate. In comparing August to July, the rate of growth in manufacturing was slightly less but continues the expansion, although at the slowest pace in the past five months. Both the New Orders Index and the Production Index are encouraging for continuing growth as we head toward the fourth quarter of 2007."

To read the entire release click here.

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ISM Resource Guides — Free to ISM Members

The ISM Resource Guides are topic-specific electronic "packets of information" on a variety of supply management subjects. Each guide includes 5-10 articles from various ISM publications, suggested reading lists, valuable links to related Web sites, plus contact information for a variety of other resources and information on each topic.

The ISM Resource Guides are FREE to members.

Three new Resource Guides have been compiled and include:

  • Contract Formation — Learn about the process of contract formation.
  • Contract Management — This guide covers the ins and outs of contract management.
  • Project Management — Learn about the planning process and how to use project management tools to achieve goals and objectives.

For the complete listing of available ISM Resource Guides click here.

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The Strategic Profit Model

Financial management today means keeping a careful watch on: a) producing a return on activity (profit on sales) and b) balancing these results against the amount of resources that are needed to earn profits.

Measuring purchasing and supply's financial impacts upon the organization. The strategic profit model tool highlights how purchased materials, inventories, investments in fixed assets, operating expenses, and working capital all build up to the key measures of:

  • Net income,
  • Capital employed, and
  • Return on capital employed.

What actually is the Strategic Profit Model? Purchasing and supply professionals can use this tool to trace their actions and impacts on the financial results of the firm. Public organization professionals can also use this tool as a guide toward efficiency improvements. Key insights are also brought to light when making the outsource/insource decision.

For more information and to access the Strategic Profit Model 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 richterawards@ism.ws.

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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Web Site of Interest

This month's Web Site of Interest is: CORPORATE SOCIAL RESPONSIBILITY NEWSWIRE.

This Web site provides links to current headlines, a library of corporate non-financial reports, free newsletter subscription, a calendar of social responsibility events, a directory of resources, and a listing of recent books on social responsibility.

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: VERTICAL MARKET COMMUNITY.

Definition: A group of individual professionals and companies in the same vertical market that trade information, advice, goods, and services online. (Source: Forrester Research, Inc.)

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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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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