|In This Issue ...
- November Non-Manufacturing ISM Report On Business®: NMI at 37.3% Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing Read more.
- ISM Annual Conference Information Now Available Online Read more.
- Register for a Free ISM Web Seminar On Dec. 11: "Achieve Procurement Mastery Through an Effective Spend Analysis Program" Read more.
- ISM-NBTA Summit on Travel & Meetings — January 27-28 in Charlotte, North Carolina Read more.
- ISM's Inaugural Women Executive Supply Management Summit (WESMS) Read more.
- Article: Green Skills That Pay — eSide Supply Management Asks a Specialist Recruiter 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 Non-Manufacturing ISM Report On Business®: NMI at 37.3%
Economic activity in the non-manufacturing sector contracted in November, 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) registered 37.3 percent in November, 7.1 percentage points lower than the 44.4 percent registered in October, indicating contraction in the non-manufacturing sector for the second consecutive month. The Non-Manufacturing Business Activity Index decreased 11.2 percentage points to 33 percent. The New Orders Index decreased 8.6 percentage points to 35.4 percent, and the Employment Index decreased 10.2 percentage points to 31.3 percent. These are the lowest levels for each of these indexes since they were first reported in 1997. The Prices Index decreased 16.8 percentage points to 36.6 percent in November, indicating a decrease in prices from October. This is the largest-ever one-month decline in the index and its lowest level since it was first reported in 1997. According to the NMI, one non-manufacturing industry reported growth in November. Respondents' comments reflect concern about the time line for the economy to stabilize and the impact it is having on discretionary spending and employment."
To read the entire release click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing Downturn Deepened in November
The JPMorgan Global Manufacturing PMI plummeted to a new series-record low of 36.4 in November, a reading indicative of a substantial deterioration in operating performance. The deepening of the global manufacturing downturn was broadbased, with almost all of the national manufacturing PMIs for which November data were available falling to series-record lows. The only exceptions were Denmark, where the PMI edged higher from the previous month's low, and the US. The US PMI reading was the weakest since May 1982, making it the lowest during the history of the global manufacturing PMI (which was first compiled in January 1998).
Series-record contractions were also signaled for production, new orders, new export orders and employment. Moreover, the headline PMI and the Output Index have both remained at sub-50.0 levels for six successive months, providing further evidence that the worldwide manufacturing sector has fallen into a technical recession.
For the complete JPMorgan release click here.
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|ISM Annual Conference Information Now Available Online
As the first and the most respected supply management institute in the world, ISM is pleased to present the 94th Annual International Supply Management Conference and Educational Exhibit, May 3-6, 2009, in Charlotte, NC.
Attend the Conference and meet the best and the brightest in supply management. Workshop presenters represent successful practitioners and experts in the field. This is your chance to find out what works, who is best-in-class and how you can gain a competitive advantage.
This year's Conference tracks include:
- Doing Business in China
- Talent Management
- Headwinds and Trends
- Best Practices in Supply Management
- Sustainability, Social Responsibility and Green Issues
This year's keynote speakers:
- Shelley Stewart
Senior Vice President, Operational Excellence & Chief Procurement Officer
- Paul A. Laudicina
Managing Officer and Chairman of the Board
- Sara L. Johnson
Managing Director, Global Macroeconomics
IHS Global Insight
- Dr. Mickey D. Levy
Bank of America
- Dr. Bertice Berry
Award-winning entertainer, lecturer and comedienne
For complete Conference details 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-NBTA Summit on Travel & Meetings
Travel & Meetings: Supply Management's Critical Role
January 27-28, 2009
Charlotte, North Carolina
The ISM-NBTA summit "Travel & Meetings: Supply Management's Critical Role" is an outstanding opportunity for experienced professionals with oversight responsibilities for business travel and meeting spend within supply management operations.
The conference will focus on the challenges associated with the complex task of managing travel and meetings — the largest indirect spend category. Its goal is to facilitate strategic dialogue between professionals who directly oversee the travel and meetings management functions within their companies and those in the procurement organization who have direct supervision over those functional areas.
The ideal conference attendees are:
- Senior travel management professionals who report to their companies' procurement (supply management) operations;
- Senior meetings management professionals who report to their companies' procurement (supply management) operations; and
- Senior purchasing professionals to whom the travel and/or meetings functions report.
Whether you're a supply management professional or a travel or meetings management agent, a lot of knowledge can be gained from the views and suggested solutions of professionals on both sides of the spectrum.
Register online, click here.
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|ISM's Inaugural Women Executive Supply Management Summit (WESMS)
Date: February 5-6, 2009
Location: Marriott San Antonio Rivercenter / 101 Bowie Street / San Antonio, Texas
Sponsors: Pfizer Inc. and Tyco International
Don't miss this opportunity to network and learn from some great supply management professionals. This is a chance to roll up your sleeves and find out what other organizations are doing to get ahead. These sessions will help you glean skills and gather tools to boost your career and your organization. Look for sessions on improving your influence and persuasion skills and how to land those prime global assignments. Be sure to attend the panel discussion and gain some top level perspectives.
Who Should Attend This Program
This program is presented for executives, their direct reports and those interested in building their careers in supply management. Supply management professionals from all industries and organizations will benefit from these sessions. If you have a passion for supply management and want to network and learn from those sharing your interest, you won't want to miss this program.
In principle and in practice, ISM values and seeks a diverse membership, volunteer leadership and staff. There are no barriers to full participation in the Institute on the basis of ethnic background, gender, creed, age, sexual orientation, national origin or disability.
Download the Conference Brochure:
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|Article: Green Skills That Pay — eSide Supply Management Asks a Specialist Recruiter
Today, many organizations are paying a premium for supply management professionals with green skills — as much as 20 percent above the asking price for most positions, according to Nick Ellis, managing partner of Bright Green Talent. Not surprisingly, job seekers are taking note. But which skills really pay?
To read the complete article, click here.
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|Term of the Day
Today's ISM Term of the Day is: DEPRECIATION.
Definition: Allocation of a portion of the value of an asset as an expense in the current period. It represents the declining value of the asset as a cost. As a non-cash expense, it acts as a tax shield and reduces tax payments.
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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