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In This Issue ...
  • August Non-Manufacturing ISM Report On Business®: PMI at 55.8%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • Group and Forum Conferences in September.  Read more.
  • CPSM Supplemental Reading List.  Read more.
  • Achieving World-Class Supply Chain Collaboration: Managing the Transformation.  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.


August Non-Manufacturing ISM Report On Business®: Business Activity at 55.8%

Business activity in the non-manufacturing sector increased at the same rate in August as in July, 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 53rd consecutive month in August," Nieves said. He added, "The Business Activity Index remained the same at 55.8 percent for the month of August. New Orders increased at a faster rate and Employment contracted in August. The New Orders Index increased to 57 percent, and the Prices Index decreased to 58.6 percent in August. Ten non-manufacturing industries reported increased activity in August. Members' comments in August are mixed about business conditions. The overall indication in August is continued economic growth in the non-manufacturing sector at the same pace as in July."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Growth of Global Manufacturing Output Posted Slight Acceleration in August, but Rate of Expansion in New Orders Continued to Soften.

August PMI data provided further evidence that the expansion of the global manufacturing sector during Q3 2007 is likely to be more subdued than in the previous quarter. The JPMorgan Global Manufacturing PMI posted 53.0 in August, a level above the no-change mark of 50.0 for the fiftieth successive month, but its lowest reading since March.

After losing noticeable traction since the start of H2 2007, the rate of growth of incoming new orders slipped to a five-month low in August. Although the rate of expansion in production picked up slightly from July's six-month low, it was still well below the high recorded for June.

For the complete JPMorgan release click here.

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Group and Forum Conferences in September

This month there are four ISM Group/Forum conferences. They include:

  • ISM Global Group Supply Management Conference
    September 20-21
    Mesa, AZ
  • 10th Annual Indirect-MRO Group Conference and Workshops
    September 24-25
    Chicago, IL
  • Northeast Supply Management Group's Northeast Supply Chain Conference & Exhibition
    September 30-October 2
    Marlborough, MA
  • 76th Annual Utility Purchasing Management Group (UPMG) Conference
    September 30-October 2
    Atlanta, GA

Check out the ISM Activity Calendar for more information — click here.

If you would like more information about ISM's Groups and Forums click here.

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CPSM Supplemental Reading List.

Are you interested in the new Certified Professional in Supply Management (CPSM) program? The Certified Professional in Supply Management is slated to be the qualification that supply management professionals strive to obtain. The CPSM will be relevant internationally and reflect the expanded education, skills and experience needed to be a successful supply management professional. The CPSM will debut in 2008.

ISM developed a Supplemental Reading List for the CPSM program to help CPSM candidates prepare for their section exams. From finance to global competition, these books have been chosen because of their focus on the many different components of supply and the relationship between each component. More topics may be added to this list as we approach the debut of the CPSM qualification.

To access the CPSM Supplemental Reading List click here.

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Achieving World-Class Supply Chain Collaboration: Managing the Transformation.

CAPS Research has released a new focus study titled "Achieving World-Class Supply Chain Collaboration: Managing the Transformation." This focus study examines how the supply chain (SC) world has changed in recent years. The study offers a comparison list of the top ten benefits, barriers and bridges to supply chain management and compares the lists from 2001 and 2007.

This study is currently posted on the CAPS Research Web site. To access the focus study 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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Term of the Day

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

Definition: A legally binding offer to sell or to buy. In public sector purchasing, a bid is an offer in a sealed bidding process. In the private sector, the offer may be referred to as a quotation and sometimes a proposal.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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