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

 
Tuesday, January 6, 2009
   


CCMI

Global Quality Exchange, Inc. (GQEX)

University of San Francisco

Karrass

In This Issue ...
  • December Non-Manufacturing ISM Report On Business®: NMI at 40.6%  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing  Read more.
  • Renowned Economist Peter Morici to Speak at Travel & Meetings Summit  Read more.
  • Deadline Approaches for 2009 J. Shipman Gold Medal Award  Read more.
  • Register for no-cost Jan. 30 Webinar: "Maximizing Value from Shared Services: An e-Procurement Success Story"  Read more.
  • ISM's Inaugural Women Executive Supply Management Summit (WESMS)  Read more.
  • eSide Supply Management Article: 10 Credibility-Building Tactics  Read more.
  • Discounted Room Rates for the ISM Chemical Group 2009 Winter Conference in New Orleans Expire January 12  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.


December Non-Manufacturing ISM Report On Business®: NMI at 40.6%

Economic activity in the non-manufacturing sector contracted in December, 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 40.6 percent in December, 3.3 percentage points higher than the 37.3 percent registered in November, indicating contraction in the non-manufacturing sector for the third consecutive month, but at a slightly slower rate. The Non-Manufacturing Business Activity Index increased 6.6 percentage points to 39.6 percent. The New Orders Index increased 4.5 percentage points to 39.9 percent, and the Employment Index increased 3.4 percentage points to 34.7 percent. The Prices Index decreased 0.6 percentage point to 36 percent in December, indicating a decrease in prices from November. This is the lowest level for the index since it was first reported in 1997. According to the NMI, one non-manufacturing industry reported growth in December. Respondents' comments reflect concern about the overall decline in business, lack of funding, budget cuts and lower employment."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI Hit New Low in December

Global manufacturing ended 2008 on an exceptionally weak footing. December PMI data pointed to series-record contractions in output, new orders and employment as companies continued to face weak market demand resulting from the worldwide economic downturn and ongoing crises in the financial and credit markets. This was most striking in the US, where production and new work received fell at the fastest rates in the sixty-one year ISM survey.

At 33.2 in December, the JPMorgan Global Manufacturing PMI posted its weakest ever reading and has sunk to new lows in each month of Q4 2008. Based on the average reading for the headline PMI, the performance of the worldwide manufacturing sector through 2008 is the worst for a calendar year since 2001.

For the complete JPMorgan release, click here.

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Renowned Economist Peter Morici to Speak at Travel & Meetings Summit

The National Business Travel Association (NBTA), the Institute for Supply Management™ (ISM), and ProMedia.travel LLC, recently announced that Peter Morici, Ph.D., professor at the Robert H. Smith School of Business at the University of Maryland, will address attendees at the inaugural ISM and NBTA Summit on Travel & Meetings: Supply Management's Critical Role.

The Summit will be held January 27-28, at the Westin Charlotte, in Charlotte, North Carolina. As the United States starts a new year officially in a recession, Morici will provide an overview of the current global economic crisis and what businesses and individuals can expect in the coming year and beyond.

Professor Morici is a recognized expert on economic policy and international economics, having served as director of the Office of Economics at the U.S. International Trade Commission prior to becoming a professor at the University of Maryland. He has written 18 books and monographs and participated in three NBTA TV episodes. Morici is frequently featured on national broadcast networks around the world and has most recently testified before Congress on the auto industry bailout.

"NBTA is proud to welcome Dr. Morici as a featured speaker at the first-ever NBTA event to focus on supply management in travel and meetings," said Kevin Maguire, CCTE, GLP, NBTA President & CEO. "Having worked with Dr. Morici recently as the global economy began to slow, we are confident he will provide the insights necessary to successfully navigate an uncertain upcoming year."

The ISM and NBTA Summit on Travel & Meetings is specifically intended for experienced professionals with oversight responsibilities for business travel and meeting spend within supply management operations. This two-day event will address the challenges of managing travel and meetings in today's challenging economy and will offer insights and solutions from leading industry professionals.

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Deadline Approaches for 2009 J. Shipman Gold Medal Award

Institute for Supply Management™ (ISM) is currently taking nominations for the J. Shipman Gold Medal Award and will continue taking nominations until January 31, 2009. The J. Shipman Gold Medal Award is presented annually to an individual whose persistent efforts have aided the advancement of supply management.

Johnson Shipman, a pioneer member of the New York affiliate of the National Association of Purchasing Agents, was well known for giving liberally of his time and counsel. The award was established in 1931 to commemorate the contributions of Shipman, a man known for his vision, intellect and influence on important issues. The award is presented annually to an individual whose modest, unselfish, sincere and persistent efforts have aided the advancement of the supply management field. Those chosen for the award have also assisted and guided members of the supply management profession in their endeavors.

If you wish to nominate someone who has performed distinguished service for the cause and advancement of supply management as an innovator, community leader, mentor and teacher, please contact Judy Waters (jwaters@ism.ws) at ISM: 800/888-6276 or 480/752-6276, extension 3034. Nominations are due by January 31, 2009. Nominees do not have to be ISM members.

For more information on previous Shipman medalists, click here.

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Register for no-cost Jan. 30 Webinar: "Maximizing Value from Shared Services: An e-Procurement Success Story"

Date: Friday, January 30, 2009
Time: 2 p.m. EST / 11 a.m. PST
Duration: This no-cost, streaming-only Web seminar is 60 minutes long.

The move to a shared services structure can deliver the first level of efficiency for any large organization looking to achieve savings. But centralizing functions such as accounts payable and procurement is only the beginning; a strategy for extending those efficiencies can take many forms, some more successful than others.

Learn how Lafarge, a world leader in building materials, has developed a shared services vision designed to deliver immediate cost reductions and sustained efficiencies. It begins with the elimination of errors from the implementation of electronic POs and Invoices with the organization's supplier base and extends to full purchase-to-pay.

This seminar is tailored for supply management and accounts payable professionals looking for best practices in shared services and tools — such as e-invoicing and e-procurement to pay automation — that can immediately impact the corporate balance sheet.

Attend and learn to:

  • Establish collaboration between purchasing, accounts payable, finance and other parts of the organization
  • Manage the change a shared services approach requires
  • Develop a vision beyond the initial implementation
  • Establish reasonable KPIs
  • Extend basic e-invoicing value to other business processes
  • Develop a standardized approach to supplier selection
  • Determine where you have gaps and might want to consider professional services

Featured Speakers:

  • Andrew Gablehouse
    Manager, eProcurement
    Lafarge

  • Heather McKinney
    Director, Business Process Support and Controls
    Lafarge

  • Pete Torrenti
    Regional Vice President
    Quadrem North America

To register, or for more information, 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.

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eSide Supply Management Article: 10 Credibility-Building Tactics

At any professional level, it doesn't take much to undermine your credibility in the workplace — and more often than not, you won't even realize you're doing it. In this article, you'll learn 10 behavioral changes you can make immediately to re-establish your credibility among your peers and executives.

To read the complete article, click here.

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Discounted Room Rates for the ISM Chemical Group 2009 Winter Conference in New Orleans Expire January 12

The Institute for Supply Management™ Chemical Group's 2009 Winter Conference — "The Chemical Industry: Jazzed for Growth" — is scheduled for February 12-13 at the Royal Sonesta Hotel in New Orleans, Louisiana. The Conference will run a full day and a half, beginning at 8:30 a.m. on Thursday, February 12 and concluding at noon on Friday, February 13.

Each attendee will earn nine Continuing Education Hours that can be applied towards recertification of the Certified Professional in Supply Management (CPSM®), Certified Purchasing Manager (C.P.M.) or reaccreditation of the Accredited Purchasing Practitioner (A.P.P.). A panel of speakers has been assembled to provide attendees with insight to the latest trends in the economy, energy, key commodities and the latest in procurement technology — useful information when dealing with changes in the chemical marketplace which occur on a daily basis.

The conference fee is $495 per person, including a Thursday evening dinner full of networking and entertainment. This event will be a progressive dinner, with courses served at the finest restaurants in the French Quarter, providing time to socialize and network.

Any conference attendee who recruits one or more new attendees to this conference will receive a small gratuity recognizing their attendance at the event either as an ambassador for the Chemical Group or as a new recruit. To qualify for either of these awards, attendees must complete the section on the conference registration form indicating if they are first-time attendees and who referred them to the conference.

For additional questions or details, contact Glenda Cunningham at 727/540-1381 (glenda.cunningham@tse-industries.com) or Paul Kane at 317/277-7310 (kane_paul_e@lilly.com).

To register online, click here.

To download the conference brochure, click here.

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Term of the Day

Today's ISM Term of the Day is: TREATY.

Definition: Legal agreement between or among two or more countries; often takes priority over the laws of the individual countries involved.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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