Monday, November 5, 2007
   


Ariba

Karrass

Primacy

University of San Diego School of Business Administration

In This Issue ...
  • October Non-Manufacturing ISM Report On Business®: Business Activity at 55.8%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • Personal Professional Development Scorecard.  Read more.
  • Practical Approaches for Quick, Sustainable Supply & Contract Management Success.  Read more.
  • The New Era of Global Supply Management Approaches.  Read more.
  • ISM and USD Launch Educational Relationship Over Specialized Master's Degree.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


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

Business activity in the non-manufacturing sector increased at a faster rate in October than in September, 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 55th consecutive month in October," Nieves said. He added, "The Business Activity Index increased 1 percentage point to 55.8 percent for the month of October. The New Orders Index increased at a faster rate, with the index registering 55.7 percent. The Employment Index decreased to 51.8 percent and the Prices Index decreased to 63.5 percent in October. Nine non-manufacturing industries reported increased activity in October. Members' comments in October remain mixed and concerned about the uncertainty of business conditions. The overall indication in October is continued economic growth in the non-manufacturing sector at a faster pace than in September."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Expansion of Global Manufacturing Production at Weakest Since July 2003, as Contractions in the US and Japan Offset Robust Growth in China and India.

October PMI data pointed to the weakest growth of global manufacturing output for fifty-one months, following a further slowdown in the rate of expansion of incoming new orders.

The JPMorgan Global Manufacturing PMI — a composite indicator designed to provide a single-figure snapshot of operating conditions in the global manufacturing sector — fell to 51.9 in October, down from a revised* figure of 52.6 in September, its lowest level since May 2005. * Please note that some index readings published for September have been revised due to the inclusion of previously unavailable data for China and Australia.

For the complete JPMorgan release click here.

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Personal Professional Development Scorecard

New ISM Members Only Benefit!

The Personal Professional Development Scorecard is a key tool to use to support your lifelong professional development goals and objectives. Investing in a scorecard and its accompanying processes can significantly improve your advancement opportunities and job security while simultaneously adding value to your organization. To remain competitive, supply professionals must be better, faster. Take control of your career by leveraging your scorecard to enhance your employability and increase your staying power — identify needs, set goals and measure your progress throughout your career.

Please note: ISM wishes to acknowledge and thank Robert A. Kemp, Ph.D., C.P.M. and Mark Thompson, C.P.M. for the important scorecard concept and for permission to use their material.

To access the Personal Professional Development Scorecard and its accompanying paper and PowerPoint slides click here.

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Practical Approaches for Quick, Sustainable Supply & Contract Management Success

Web Seminar Hosted by ISM and Sponsored by Emptoris
November 15, 2007
2:00 pm Eastern, 11:00 am Pacific

Businesses are taking a strategic approach to launch Supply and Contract Management programs. Many choose a phased approach allowing companies to launch a pre-defined set of capabilities. This approach also simplifies building the business case to expand the program to other groups within an organization.

Learn how organizations have established this on-ramp program to ensure operational and organizational readiness and leveraged these best practices to obtain fast and sustainable results. Learn to:

  • Start simple and move to more sophisticated approaches as capabilities grow
  • Understand how to avoid pitfalls that can lead to a dead end
  • Leverage early successes to build the case for expanded programs
  • Use best practices for phased deployment ensuring operational and organizational readiness
  • Identify how to minimize risk though controlled implementation

Participants will also be able to take-part in a live Q&A discussion session with presenters after the main presentation!

Presenters:

  • Steve Nied, Vice President, Strategic Sourcing and Operational Excellence, Wolters Kluwer
  • Pete Stoessel of CareFirst, Director of Administration, Medical Systems and Business Development

Moderator:

  • Roberta Duffy, Director of Executive Programs and Publications, CAPS Research

This Web seminar qualifies for one CEH credit at ISM

Don't miss this one-hour STREAMING ONLY Web event hosted by ISM and sponsored by Emptoris.

For full information and to register click here.

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The New Era of Global Supply Management Approaches

As we near the debut of the Certified Professional in Supply Management (CPSM) qualification, it's important to keep in mind why ISM decided to create the CPSM. The world is changing. Over the last several decades, trade, growing market economies and the scope of medium and large multinational enterprises have broadened the profession's responsibilities.

Increasingly, suppliers are positioned to take advantage of economies of scale, many times located in far corners of the globe. Additionally, managers face challenges in technology, regulation, logistics and competition. This has resulted in such a dramatic change in the supply management landscape that demand for the skills represented in the CPSM have made its development critical, even mandatory for the continued expansion of professional capabilities.

ISM exists to lead supply management. As the responsibilities of supply managers have grown, so has the need to prepare supply management professionals for the responsibility they hold. The CPSM represents the profession's progress, expansion and growth — the next level in the profession's evolution. Supply managers who dare to lead in this effort will require courage, stamina and persistence in the face of the unknown.

In this new supply management era, the CPSM shows great promise to those who invest in its potential. Professionals who commit to earning the CPSM must have courage and persistence in the face this challenge. They must Dare to Lead.

For more information about ISM's CPSM program click here.

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ISM and USD Launch Educational Relationship Over Specialized Master's Degree

ISM, in collaboration with the University of San Diego School of Business Administration, has approved one of the private institution's specialized master's degree programs. The Master of Science in Supply Chain Management (MS-SCM) is available to supply chain management professionals currently working in the field. This program focuses on flexible, interactive skill development for supply management professionals. The target enrollment date for the next cohort is December 1, 2007 with the program starting February 6, 2008.

For enrollment requirements and complete details of the program click here.

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Term of the Day

Today's ISM Term of the Day is: INTEGRATION CLAUSE.

Definition: Contract provision specifying that the entire agreement of the parties is reflected in a particular written document; also referred to as a "merger" clause on the assumption that all prior communications between the parties have been merged into the final contract. Often called the "Entirety" clause in contract language.

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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