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

 
Wednesday, June 4, 2008
   


EBSCO Industries, Inc.

University of San Diego School of Business Administration

Karrass

ISM Career Center

In This Issue ...
  • May Non-Manufacturing ISM Report On Business®: NMI at 51.7%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • ISM Adds Sustainability to Social Responsibility Initiative.  Read more.
  • ISM Report On Business® Brochure.  Read more.
  • The C.P.M. Advantage to Earning the CPSM.  Read more.
  • Visit ISM's Knowledge Center Today.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


May Non-Manufacturing ISM Report On Business®: NMI at 51.7%

Economic activity in the non-manufacturing sector expanded in May, 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) decreased 0.3 percentage point in May to 51.7 percent, indicating expansion for the second consecutive month within the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 2.7 percentage points to 53.6 percent. The New Orders Index increased 3.5 percentage points to 53.6 percent, and the Employment Index decreased 2.1 percentage points to 48.7 percent. The Prices Index increased 4.9 percentage points to 77 percent in May, indicating a faster rate in price increases than in April. According to the NMI, 13 non-manufacturing industries reported growth in May. Members' comments in May reflect concern about business conditions, inclusive of rising costs, and the overall economy."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Survey Record Increase in Input Costs in May, as Oil, Energy and Metals Prices Remained High. Conditions Stayed Muted Overall, as New Orders and Employment Fell.

Conditions in the global manufacturing sector remained relatively weak in May. Although the JPMorgan Global Manufacturing PMI posted above the critical no-change mark of 50.0 for the fifty-ninth successive month, at 50.4, it stayed at a level indicative of only negligible improvement in the overall health of the sector.

Manufacturers experienced further marked upward pressures on average purchasing costs in May, with the rate of input price inflation hitting a survey record high. The main factors underlying the latest increase in costs were rising oil, energy, fuel and food product prices. The high cost of oil also fed through to increased transportation costs and hikes in the prices for a number of oil by-products. All of the PMI surveys for which May data were available reported sharp increases in purchasing costs, led by South Africa and the US — with the rate of inflation in the US hitting a four-year high. The Global Manufacturing Input Prices Index posted 76.3.

For the complete JPMorgan release click here.

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ISM Adds Sustainability to Social Responsibility Initiative

The ISM Glossary of Key Supply Management Terms defines sustainability as, "The ability to meet current needs without hindering the ability to meet the needs of future generations in terms of economic, environmental and social challenges." Recognizing that supply managers are in a key position in their organizations and in their supply chains to make an impact in these three areas, ISM is adding additional resources for sustainability.

Earlier this year, the name of the ISM Committee on Social Responsibility was changed to the ISM Committee on Sustainability and Social Responsibility (CSSR). To reflect the added emphasis on sustainability, the CSSR submitted a draft of the ISM Principles of Sustainability and Social Responsibility to the ISM Board of Directors for approval at their May 2008 meeting. The ISM Principles of Sustainability and Social Responsibility with a guide to adoption and implementation will be available in the coming months.

The original ISM Principles of Social Responsibility were adopted in 2004. To update these principles to include sustainability, the CSSR looked at sustainability across three contexts: (1) risk management, (2) environment and (3) business continuity. In addition to including sustainability both as a stand-alone principle as well as incorporating the concept into each of the existing principles, the CSSR revised the descriptive statements for each principle to use language that takes into consideration ISM's increasing international focus. Additional changes include: (1) separating the "Diversity" principle into two principles: "Diversity and Inclusion — Workplace" and "Diversity and Inclusion — Supplier Base"; (2) updating the "Safety" principle to include "Health and Safety;" and (3) updating the "Ethics" principle to "Ethics and Business Conduct."

The CSSR currently has two additional projects in the works. The first is an update to the ISM social responsibility "Baseline Study." The 2008 survey will gauge how attitudes toward social responsibility have changed since the original survey was conducted in 2004. Secondly, a new TechNote manual on sustainability is also in progress. Organizations are encouraged to share examples of policy statements, contract language, job descriptions, and other items that they use in promoting sustainability and social responsibility internally as well as in their supply chain. For additional information on how to participate in this project, contact technotes@ism.ws.

For additional information on sustainability and CSSR projects, click here.

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ISM Report On Business® Brochure

The ISM Report On Business® is considered by many economists to be the most reliable near-term economic barometer available. It is reviewed regularly by top government agencies, economists and business leaders for its timely, accurate information regarding the manufacturing and non-manufacturing sectors of the economy.

The ISM Report On Business® Brochure was recently updated and posted on the ISM Web site. Topics covered by this brochure:

  • The Nuts and Bolts
  • What It Tells Us
  • How Supply Managers Use the Data
  • What is a Diffusion Index?
  • Business Cycles
  • Follow the Trends

To access the 2008 ISM Report On Business® Brochure, click here.

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The C.P.M. Advantage to Earning the CPSM

What's the advantage? One single exam! If you are a C.P.M. in good standing, you have the advantage of taking one Bridge Exam to earn your CPSM. When a C.P.M. applies for the CPSM after passing the Bridge Exam, they must also meet the non-exam requirements.

The CPSM Bridge Exam is a single exam covering contemporary content and material not covered in the current C.P.M.

For more information about the Exam or to register, click here.

To access the Bridge Exam Specification brochure, click here.

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Visit ISM's Knowledge Center Today

Institute for Supply Management™ (ISM) offers you many online education topics and program types. Global in scope, these courses were developed by experts from leading organizations, professional associations, industry consortia, educational institutions, consulting firms and individual practitioners. Topics include a significant number of supply management titles as well as many new general business titles.

When you register for Knowledge Center courses, you and your organization have access to a comprehensive curriculum that addresses all areas of the supply chain, including:

  • Self Directed (SDR) courses are modular, self-study courses, integrated with activities, case studies and an assessment test. These courses vary in complexity, range from one to 14 hours and are priced accordingly. They will provide you with in-depth knowledge in a specific subject area.

  • Expert on Demand (EOD) courses require audio and provide overview presentations from experts in the field.

  • Bundled Programs (BDL) are groups of modular self-study courses designed for concentrated learning in specific supply areas.

Earn Continuing Education Hours (CEHs) for every course that you complete. Course duration corresponds with the number of CEHs you will earn.

ISM also offers Instructor-Led courses that are interactive and facilitated by proven subject-matter experts. Each course is four weeks in duration and offered several times per year through the ISM Knowledge Center.

To learn more about these courses, visit ISM's Knowledge Center: Click here.

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Term of the Day

Today's ISM Term of the Day is: STATISTICAL SAMPLING.

Definition: The process of testing the parameters of a sample of items in a population and extrapolating the results of that sample to the whole population.

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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