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

 
Tuesday, May 6, 2008
   


EBSCO Industries, Inc.

University of San Diego School of Business Administration

Karrass

In This SPECIAL Issue ...
  • ISM's Spring 2008 Semiannual Economic Forecast.  Read more.
  • Supply Organizations Lauded for Contributions to Overall Enterprise Success.  Read more.
  • ISM Honors Persons of the Year.  Read more.
  • ISM's Pharmaceutical Forum Receives Excellence Award.  Read more.
  • ISM Honors Affiliate of the Year.  Read more.
  • Hospitality Supply Management 2008 Conference.  Read more.
  • Term of the Day.  Read More.
  • Contact Us.  Read more.


ISM's Spring 2008 Semiannual Economic Forecast

Economic Growth To Continue Throughout 2008

Economic growth in the United States is sustainable throughout the remainder of 2008, say the nation's purchasing and supply executives in their spring 2008 Semiannual Economic Forecast. Expectations for the remainder of 2008 are encouraging in both the manufacturing and non-manufacturing sectors.

These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management™ (ISM). The forecast was presented today by Norbert J. Ore, C.P.M., chair of the ISM Manufacturing Business Survey Committee, and group director, strategic sourcing and procurement, Georgia-Pacific LLC; and by Anthony S. Nieves, C.P.M., CFPM, chair of the ISM Non-Manufacturing Business Survey Committee, and senior vice president — supply management, Hilton Hotels Corporation.

Manufacturing Summary

While 42 percent of respondents predict revenues to be 9.2 percent greater in 2008 than in 2007, the overall expected revenue increase is only 1 percent for manufacturing as 31 percent expect a 9.3 percent decline, and 27 percent expect no change. This represents a significant decline in expectations from December 2007 when the panel of supply management executives predicted a 6.8 percent increase in 2008 revenues. With operating capacity at 78.6 percent, expected capital investment growth at 1 percent and prices expected to increase 8.5 percent during 2008, manufacturers will need to focus on cost cutting to offset lower revenue growth and higher input prices.

"On average, respondents are concerned about their organizations' prospects for 2008," said Ore.

The manufacturing industries expecting the greatest revenue increases in 2008 — listed in order — are: Electrical Equipment, Appliances & Components; Primary Metals; Miscellaneous Manufacturing*; Machinery; Food, Beverage & Tobacco Products; Paper Products; Plastics & Rubber Products; and Chemical Products.

Non-Manufacturing Summary

Forty-three percent of non-manufacturing purchasing and supply executives expect their 2008 revenues to be greater than in 2007. Overall, respondents currently expect a 2.7 percent net increase in overall revenues, greater than the 2 percent increase that was forecast in December 2007.

Non-manufacturing industries expecting increases in revenue at or above the average of 2.7 percent in 2008 are: Construction; Professional, Scientific & Technical Services; Wholesale Trade; Agriculture, Forestry, Fishing & Hunting; Other Services**; Retail Trade; and Utilities.

To read the entire Semiannual Economic Forecast release click here.

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Supply Organizations Lauded for Contributions to Overall Enterprise Success

ISM announced winners of its 3rd Annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management. Supply departments at five companies were honored in St. Louis at ISM's 93rd Annual International Supply Management Conference and Educational Exhibit.

Winners were selected from applications received in four categories: Process; Technology; People; and Organization/Structure. The 2008 Richter Corporate Award recipients are:

  • HP (Process Category)
  • Lockheed Martin Aeronautics Company (Process Category)
  • Masco Corporation (Technology Category)
  • Pfizer Inc (Process Category)
  • Royal KPN Telecom (Process Category)

For more information on the winners and the awards click here.

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ISM Honors Persons of the Year

ISM announced Persons of the Year Award winners during the ISM Annual International Supply Management Conference and Educational Exhibit. Award winners were recognized for efforts and accomplishments achieved during the prior year. The Persons of the Year Awards recognize excellence in Education/Learning, Innovation/Creativity, Leadership, Marketing/Communicating and Volunteerism. Recipients of ISM's 2007 Persons of the Year Award are:

  • Education/Learning Person of the Year — Eileen Byrne-Halczyn, Ph.D., A.P.P., ISM—Florida Gulf Coast, Inc.
  • Innovation/Creativity Person of the Year — Jim Haining, C.P.M., A.P.P., ISM—Nevada, Inc.
  • Leadership Person of the Year — Christine Couts, NAPM—Columbus, Inc.
  • Marketing/Communicating Person of the Year — Robert A. Barwick, A.P.P., ISM—Milwaukee, Inc.
  • Volunteer Person of the Year — David G. Duprey, NAPM—Greater Syracuse, Inc.

For more information on the winners and the awards click here.

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ISM's Pharmaceutical Forum Receives Excellence Award

ISM honored its Pharmaceutical Forum as 2007 Group or Forum of the Year. Forum members and officers were recognized at ISM's 93rd Annual International Supply Management Conference and Educational Exhibit in St. Louis.

ISM Groups and Forums Excellence Awards, now in their fourth year, recognize those Groups and Forums that demonstrate excellence in their professional operations, educational offerings, recruitment, training and retention efforts, while at the same time communicating the value and prestige of ISM and the supply management profession.

For more information on the winner read the entire release, click here.

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ISM Honors Affiliate of the Year

ISM has awarded ISM—Nevada, Inc., the prestigious Affiliate of the Year Award. ISM officially announced and honored the 2007 Affiliate of the Year at the 93rd Annual International Supply Management Conference and Educational Exhibit in St. Louis.

Affiliate Excellence Awards recognize ISM affiliates that demonstrate an awareness and distinction in their professional operations, educational offerings, ability to recruit, train and retain members, while at the same time communicating the value and prestige of ISM and the supply management profession. Each ISM affiliate, regardless of size, has the opportunity to achieve Affiliate Excellence recognition by meeting each of the core competency requirements.

For more information about the winner, and the other twelve affiliates that met the Level of Excellence for 2007, click here.

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Hospitality Supply Management 2008 Conference

May 14-16, 2008
Hilton Chicago Hotel
Downtown Chicago, IL

ISM's HSM Forum delivers a wide array of educational sessions — everything from selecting safe food suppliers and recall procedures to leadership and sustainable best practices. Take this opportunity to find out what's new and what's on the horizon. This is a chance to ensure you have a fresh, safe, efficient supply chain that delivers quality at the right price. Learn many of the attributes of successful supply chain managers, leadership, best practices and innovation, food safety and recall issues. Plus, green & sustainability issues and supplier diversity.

Join us this Spring — in Downtown Chicago!

Program highlights include:

  • Supply Economics: Trends From a Non-Manufacturing Perspective
    Anthony S Nieves, C.P.M., CFPM, A.P.P., Senior Vice President, Supply Management, Hilton Hotels Corp.

  • Food Recall Procedures and Related Outbreak Litigation
    Keith R. Schneider, Ph.D., Associate Professor, Food Science and Human Nutrition Department, University of Florida
    Denis W. Stearns, Principal, Marler Clark L.L.P., P.S.

  • Selecting a Safe Food Supplier
    Judi A. Lazaro, Director, Customer Relations, AIB International

  • Minority Supplier Development: Recipes for Successful Growth Partnerships
    Sheldon B. Ross, CEO, Hospitality Solutions Corporation

  • The Greening of Yellowstone National Park
    Jim Evanoff, Environmental Protection Specialist, Yellowstone National Park

  • What's Your Type? Building Leadership Effectiveness Through the Myers-Briggs Type Indicator (MBTI)
    Joe Frodsham, Vice President, Executive Solutions, Batrus Hollweg International
    Ashley Hollweg, Executive Consultant, Batrus Hollweg International

Plus, get powerful take-away tools and valuable networking opportunities. Earn 9.25 CEHs!

Testing for the CPSM, CPSM Bridge Exam, C.P.M. and CFPM will be offered Wednesday, May 14th. Register for exams with your conference registration. For CPSM Pilot Exam re-takes, please register directly through ISM Customer Service at 800/888-6276 or 480/752-6276, extension 401.

Join us this Spring — in Downtown Chicago! Register Now! Click here.

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Term of the Day

Today's ISM Term of the Day is: F.A.S. VESSEL, PORT OF SHIPMENT.

Definition: Free of expense to the Government delivered alongside the ocean vessel and within reach of its loading tackle at the specified port of shipment. (FAR 52.247-36(a)).

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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