|In This Issue ...
- November Manufacturing ISM Report On Business®: PMI at 36.2% Read more.
- Register for a Free ISM Web Seminar On Dec. 11: "Achieve Procurement Mastery Through an Effective Spend Analysis Program" Read more.
- ISM's 2009 Career Development Center Read more.
- Don't Miss ISM's 9th Annual Services Conference — December 4-5 in Phoenix 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.
|November Manufacturing ISM Report On Business®: PMI at 36.2%
Economic activity in the manufacturing sector failed to grow in November for the fourth consecutive month, and the overall economy contracted for the second 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. "When comparing November to October, the PMI indicates a continuing rapid rate of contraction in manufacturing. New orders have contracted for 12 consecutive months, and are at the lowest level since June 1980 when the index registered 24.2 percent. Order backlogs have fallen to the lowest level since ISM began tracking the Backlog of Orders Index in January 1993. The Prices Index at 25.5 percent indicates that commodity prices continue to decline at a rapid rate. This is the lowest reading for the index since May 1949 when it registered 20.1 percent."
To read the entire release click here.
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|ISM Web Seminar: "Achieve Procurement Mastery Through an Effective Spend Analysis Program"
Date: December 11, 2008
Time: 2 p.m. EST / 11 a.m. PST
- Mickey North Rizza, Research Director for AMR Research
- John Fogerty, Sourcing Director for Con-way Enterprises
- Kirit Pandit, Vice President Content Services for Emptoris
Note: This streaming-only Web seminar is 60 minutes long.
In the face of uncertain economic conditions, businesses are looking to their procurement organizations to work miracles and find additional savings. Learn how businesses that are considered procurement masters are able to uncover savings opportunities, execute against their savings strategy, and deliver/prove tangible results to the business.
Attendees will learn practical strategies to:
- Build the credibility of procurement through measurable business impact
- Speak the language of the business versus the language of procurement
- Act on savings opportunities through effective sourcing processes
- Prove results of sourcing programs to senior management in the form of dollars saved
You will need a computer with Internet access and sound to participate in this event. This is a streaming-only Web seminar; you will not be required to have a phone connection to listen to this event.
After you register, our provider's system will recognize your PC when you return to attend. If you wish to attend the event on a different PC from which you registered, you will need to input the e-mail address that was included in your registration to log in.
This Web seminar qualifies for one CEH credit at ISM. If multiple people are viewing the seminar on one PC, please print a copy of the CEH certificate for each participant and have the person who registered for the event — or the participants' manager(s) — sign the certificate to ensure that all participants receive CEH credit.
More information, plus registration, is available online — click here.
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|ISM's 2009 Career Development Center
Make your next career move a success with ISM's Career Development Center during our 94th Annual International Supply Management Conference and Educational Exhibit, May 3-6, 2009 in Charlotte, North Carolina.
Don't miss the opportunity to learn about and explore career opportunities and interview with world-class organizations. Recruiters know that the ISM Annual International Supply Management Conference attracts the best in the field. Make sure you participate in this exclusive event.
Supply managers are invited to submit their résumés to the Career Development Center database (URL to be announced fall 2008). Hiring organizations participating in the Center have exclusive access to these résumés.
Participating employers will review resumes and conduct interviews either during the Annual Conference or in private. All interviews will be in a secluded, professional setting. And, you are under no obligation.
Career Development Center Hours:
|Sunday, May 3rd
||Open House from 5 p.m. – 7 p.m.
|Monday, May 4th
||8 a.m. – 3 p.m. & 5:30 p.m. to 7 p.m.
|Tuesday, May 5th
||9 a.m. – 2:30 p.m.
For additional information, contact Toni Caserta by calling 800/888-6276 or 480/752-6276, extension 3095, or by e-mail.
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|Don't Miss ISM's 9th Annual Services Conference — December 4-5 in Phoenix
Finding extra value and cost savings in your services spend will help drive your bottom line during this downturn in the economy. This year's services conference will give you new tools and methods to leverage this critical area of your operation. Discover what your colleagues have done to maximize strengths, minimize weaknesses and reap the rewards of a fine-tuned services supply chain.
Thursday's special lunch session, "Economic Outlook 2009: The Year Ahead" by presented by financial expert Wayne Stutzer, senior vice president and financial consultant at Phoenix's RBC Wealth Management, will spotlight the latest information and global perspectives on investment and financial markets.
With more than 25 years of experience as an investment executive, Stutzer hosts "The Smart Investor" radio show on Arizona's News radio 92.3 KTAR FM every Sunday from 8 am. to 10 a.m. His market report, "Stocks on Fox," airs on Phoenix's Channel 10 every weekday morning at 5:20 a.m.
Additionally, attendees will learn:
- How to optimize sourcing decisions
- New methods for higher ROI
- Reduce costs related to travel management
- Make services procurement strategies more effective
They will also investigate real-world accomplishments from successful organizations — Allstate, MeadWestvaco, Oracle, Colgate-Palmolive among them — and earn 9.75 continuing education hours (CEHs).
More information is available online:
Conference Brochure (PDF):
For further details, call ISM Customer Service at 800/888-6276, option 8.
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|Web Site of Interest
This month's Web Site of Interest is Knowledge @ W.P. Carey: Supply Chain Management Research.
Knowledge@W. P. Carey is a bi-weekly online resource that offers the latest business insights, information and research from a variety of sources. These include analysis of current business trends, interviews with industry leaders and W. P. Carey faculty, articles based on the most recent business research, book reviews, conference and seminar reports, links to other Web sites and so on.
The Web site presents information in layers so that users can pursue their interests to whatever depth they wish. An in-depth searchable database of related articles and research abstracts allows access to information through simple mouse clicks.
To access Knowledge @ W.P. Carey: Supply Chain Management Research 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: FULLY DILUTED EARNINGS PER SHARE.
Definition: Earnings per common share that will result if all convertible securities — such as convertible preferred shares, convertible debentures, stock options, warrants and so on — are converted into common shares.
A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day — seven days a week. The Term of the Day is 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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