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

 
Monday, May 5, 2008
   


EBSCO Industries, Inc.

University of San Diego School of Business Administration

Karrass

In This Issue ...


April Non-Manufacturing ISM Report On Business®: NMI at 52%

Economic activity in the non-manufacturing sector expanded in April, 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. "The NMI (Non-Manufacturing Index) increased 2.4 percentage points to 52 percent, indicating expansion after three consecutive months of contraction within the non-manufacturing sector for April 2008. The Non-Manufacturing Business Activity Index decreased 1.3 percentage points to 50.9 percent. The New Orders Index decreased 0.1 percentage point to 50.1 percent, and the Employment Index increased 3.9 percentage points to 50.8 percent. The Prices Index increased 1.3 percentage points to 72.1 percent in April, indicating a faster rate in price increases than in March. According to the NMI, 12 non-manufacturing industries reported growth in April. Members' comments in April continue to be mixed and vary by industry. The inflationary pressures of rising fuel, energy and commodity prices are of major concern for members."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Cost Inflation Rose to a Joint Survey-Record High in April. Conditions Remained Subdued Overall, as Manufacturing New Orders Fell For First Time Since May 2003.

The global manufacturing sector entered the second quarter of 2008 on a weak footing. The JPMorgan Global Manufacturing PMI posted 50.3, a figure indicative of only a negligible improvement in the overall economic health of the sector and its lowest reading since June 2003.

Measured worldwide, the level of manufacturing new orders dropped for the first time in almost five years. Marked reductions in new work received were posted for Japan, where new business fell at the fastest pace since January 2002, and in the US. New orders to Eurozone manufacturing companies declined for the first time since May 2005, and in the UK for the fourth successive month. Within the euro area, only Germany and Greece reported increases in new work received. Where growth of new business was recorded elsewhere, this was mainly centered on the BRIC — Brazil, Russia, India and China — economies.

For the complete JPMorgan release click here.

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See What's Happening at Conference

ISM's 93rd Annual International Supply Management Conference is taking place right now! If you couldn't make it to this year's Annual Conference, get up to speed by checking out the Online Conference Daily. Here you'll find:

  • Workshop slides and handouts
  • News releases on this year's award winners
  • Workshop summaries
  • The 2008 Conference Proceedings

New information is being added daily during the Conference. So, if you couldn't attend the Conference in person, or if you just couldn't fit in all the workshops you wanted to attend, be sure to visit the Online Conference Daily to catch up on everything you missed.

To access the Conference Online Daily Web page click here.

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Future Conference Dates

If you had to miss this year's Conference in St. Louis, you won't want to miss next year's Conference! Make plans now to attend ISM's 94th Annual International Supply Management Conference and Educational Exhibit in Charlotte, North Carolina and set aside the dates for future ISM Conferences:

  • 2009: May 3-6 — Charlotte, NC
  • 2010: April 25-28 — San Diego, CA
  • 2011: May 15-18 — Kissimmee, FL (Orlando)
  • 2012: May 6-9 — Baltimore, MD
  • 2013: April 28-May 1 — Grapevine, TX (Dallas)

For more information on ISM Conferences and programs, click here.

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ISM's Semiannual Economic Forecast

ISM's Spring 2008 Semiannual Economic Forecast is being released Tuesday, May 6th at 11:00 a.m. (Eastern). Just in ETime newsletter subscribers will receive a special Just in ETime newsletter tomorrow, announcing the results of the Spring 2008 Semiannual Economic Forecast.

To view past Semiannual Forecasts click here.

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Term of the Day

Today's ISM Term of the Day is: EMPLOYEE STOCK OWNERSHIP PLANS (ESOP).

Definition: A benefit that allows employees to purchase company stock, often below market value. Stock options may be awarded to employees based on performance or for service tenure.

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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