--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Friday, February 1, 2008
   


Ariba

University of San Diego School of Business Administration

Karrass

93rd Annual International Supply Management Conference

In This Issue ...
  • January Manufacturing ISM Report On Business®: PMI at 50.7%.  Read more.
  • ISM Revises PMI.  Read more.
  • 2008 Annual Adjustments to Seasonal Factors.  Read more.
  • Market Intelligence for Supply Professionals.  Read more.
  • An Achievable Approach to Master Data Management.  Read more.
  • Web Site of Interest.  Read more.
  • Term of the Day.  Read more.
  • It's Easy to Subscribe to the Just in ETime Newsletter.  Read more.
  • Contact Us.  Read more.


January Manufacturing ISM Report On Business®: PMI at 50.7%

Economic activity in the manufacturing sector expanded in January, while the overall economy grew for the 75th 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. "The manufacturing sector gained momentum in January as the PMI rose 2.3 percentage points, signaling stronger performance in January when compared to the seasonally adjusted 48.4 percent recorded in December. This represents a return to the recent trend of slow growth in manufacturing, as the PMI has averaged 50.2 percent for the past six months. The PMI was driven by the Production Index, which made a rebound of 6.6 percentage points during the month, while the New Orders Index reflected a slight decline at 49.5 percent."

To read the entire release click here.

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ISM Revises PMI

ISM announces a revision in the formula for calculating the PMI (composite index for the manufacturing sector). ISM also announces the development of a similar composite index for the non-manufacturing sector, NMI (Non-Manufacturing Index).

In late 2006, ISM asked a group of supply management professionals, educators and leading economists to study the relationship between the PMI Index and GDP (gross domestic product). After extensive study, the revised formula was determined to more closely predict GDP. While the impact of the change is marginal, it does provide a more precise measure than the previous formula.

To read the entire release click here.

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2008 Annual Adjustments to Seasonal Factors

U.S. Department Of Commerce Makes Annual Adjustments to Seasonal Factors for ISM Manufacturing PMI and Diffusion Indexes and ISM Non-Manufacturing Diffusion Indexes

The U.S. Department of Commerce recently completed its annual adjustment to the seasonal factors used in the monthly Institute for Supply Management™(ISM) Manufacturing Report On Business® and the monthly Institute for Supply Management™ (ISM) Non-Manufacturing Report On Business®. Economists and managers who track these indexes will note these changes are effective with the January 2008 ISM Manufacturing Report On Business®, which is scheduled to be released on February 1, 2008, and the January 2008 ISM Non-Manufacturing Report On Business®, which will be released on February 5, 2008.

Seasonal adjustment factors are used to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-movable holidays. It is standard practice to project the seasonal adjustment factors used to calculate the indexes a year ahead (2008).

To read the entire release and view the comparison tables click here.

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Market Intelligence for Supply Professionals

ISM Satellite Seminar
February 7, 2008
10:00 a.m. - 2:30 p.m. Eastern
7:00 a.m. - 11:30 a.m. Pacific

What is market intelligence? How can it be used in strategic sourcing? What should you consider when building a market intelligence program? Many companies are finding that information is a critical component of the sourcing process. How much they know about their suppliers and the market helps not only in negotiating, but in controlling costs and determining project success. This program will look at where and how to obtain information and how to use it to achieve success.

This satellite seminar is designed for supply and logistics management professionals who are currently involved in global category strategy development, who are responsible for identifying new and emerging suppliers in low cost countries, or who have recently participated in sourcing initiatives. It will also be useful for professionals in Engineering, Finance and Business Development who are interested in or are participating in global sourcing strategy or execution, and understanding the impact on total cost and cost of goods sold.

For more information about the program click here.

To find out if an ISM affiliate near you is registered to downlink this program, contact Valerie Gryniewicz at 800/888-6276 or 480/752-6276, extension 3090 (e-mail vgryniewicz@ism.ws).

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An Achievable Approach to Master Data Management

ISM Web Seminar
February 12, 2008
2:00 p.m. Eastern, 11:00 a.m. Pacific

Dirty master data leads to the failure of many otherwise well-thought out enterprise initiatives. Never is this more apparent than in the relationship between the procurement process and the vendor data that supports it. Yet the scope and complexity of Vendor Master Data projects stymies many companies from attacking the problem.

Learn from Forrester analyst Rob Karel and Quadrem Senior Vice President of Global Marketing and Solutions Chris Haydon how to identify and effectively address Vendor Master Data issues in your company.

This seminar is tailored for supply chain professionals evaluating how to cope with dirty and inconsistent vendor data. Take an hour to hear Forrester's latest research on trends, best practices and the impact Master Data Management can have on purchasing. Quadrem will provide a series of leading practice case studies from its global customer base.

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

For full information and to register click here.

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Web Site of Interest

This month's Web Site of Interest is: CENTER FOR ETHICS AND BUSINESS.

The Center for Ethics and Business at Loyola Marymount University in Los Angeles aims to provide an environment for discussing issues related to the necessity, difficulty, costs and rewards of conducting business ethically. The Web site includes an "ethical toolbox" to help users in handling ethical dilemmas, and an extensive list of links to other ethics Web sites.

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: LIFECYCLE.

Definition: (1) In product management, the interval from design of a new product through introduction, growth, maturity and decline until its end of life in the marketplace; (2) For capital equipment, the time interval during which a piece of equipment is intended to provide useful service.

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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It's Easy to Subscribe to the Just in ETime Newsletter

The Just in ETime e-mail newsletter delivers ISM- and supply/procurement-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 ISM's certification programs, as well as Web sites of interest to supply/procurement professionals.

It's easy to subscribe to the Just in ETime newsletter, all you need is your e-mail address. Best of all — there's no charge to become a subscriber!

To subscribe to Just in ETime click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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