|In This Issue ...
- January Non-Manufacturing ISM Report On Business®: NMI at 42.9% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- ISM Conducts Survey on Impact of Financial Market Turmoil — Read more.
- Feb. 19 Web Seminar — Procurement and Logistics: A Team of Rivals? — Read more.
- Feb. 24 Webinar: Controlling Services Spending — Compliance through Convenience — Read more.
- Minimize Your Training and Travel Spend with ISM's Online Courses — 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.
|January Non-Manufacturing ISM Report On Business®: NMI at 42.9%
Economic activity in the non-manufacturing sector contracted in January, 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 42.9 percent in January, 2.8 percentage points higher than the seasonally adjusted 40.1 percent registered in December, indicating contraction in the non-manufacturing sector for the fourth consecutive month, but at a slightly slower rate. The Non-Manufacturing Business Activity Index increased 5.3 percentage points to 44.2 percent. The New Orders Index increased 2.7 percentage points to 41.6 percent, and the Employment Index decreased 0.1 percentage point to 34.4 percent. The Prices Index increased 6.4 percentage points to 42.5 percent in January, indicating a decrease in prices from December. According to the NMI, two non-manufacturing industries reported growth in January. Respondents are concerned about the global economy and the continued decline in business and spending."
To read the entire release click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Survey Record Drop in Worldwide Manufacturing Employment
The global manufacturing sector remained in deep recession at the start of 2009. At 34.9 in January, the JPMorgan Global Manufacturing PMI posted a reading only slightly above December's record low of 33.7 and its second-weakest in the series history. The PMI has now remained below the critical no-change mark of 50.0 for eight successive months.
Indexes tracking trends for output and new orders rose only slightly from the record lows posted in December and were well below those recorded one year ago.
At 30.6 in January, the Global Manufacturing Output Index remained consistent with a substantial decline in world IP. All of the national manufacturing sectors covered by the survey for which January PMI data were available reported drops in production and new work received. Rates of reduction in output eased in the US, China and the UK, but held broadly steady in the Eurozone (despite a series record contraction in Germany). Meanwhile, the downturn in production in Japan accelerated to the fastest in survey history.
For the complete JPMorgan release, click here.
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|ISM Conducts Survey on Impact of Financial Market Turmoil
Capital spending and production capacity is likely to lessen in the coming year, according to a special survey conducted by the Institute for Supply Management™ (ISM). ISM surveyed members with senior-level job titles on how the financial market turmoil has affected their firms' plans for capital spending and production capacity. Of all respondents, 57 percent indicated their firm's primary line of business was a manufacturing industry while 43 percent selected a non-manufacturing industry.
The survey identified:
- Seventy-seven percent of respondents indicated that their organizations plan to reduce substantially or reduce slightly planned capital spending in 2009. Thirty-five percent indicated they would substantially reduce capital spending while 42 percent would slightly reduce capital spending.
- Among respondents indicating reduced capital spending plans, 79 percent selected at least one or more of five options as factors. The options indicated as most important factors in the decision were: worsening sales prospects; economic uncertainty; high cost of financing, difficulty obtaining financing and high cost of inputs.
- More than 42 percent of respondents indicated that their organization plans to reduce substantially or reduce slightly production capacity for 2009.
- Among respondents indicating plans to reduce production capacity, 90.1 percent indicated that the reduction is expected to be temporary and 9.9 percent responded that the reduction is expected to be permanent. Respondents were also asked to rank items in order of significance to their operations. The factor that was reported as having the most significant effect on their operations was reduced demand for the organization's products/services.
From time to time, ISM conducts surveys of its members and other audiences to measure the impact of issues or events on the business community and supply management in particular. For the just-released survey results on the impacts of financial market turmoil, responses were collected for several weeks in late November and early December 2008, which resulted in 304 completed responses — a response rate of 14.3 percent.
To access the downloadable PDF of the survey report, click here.
ISM offers fee-based customized research through the Research On Demand service of the ISM Resource Center. For more information about Research On Demand, click here.
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|Feb. 19 Web Seminar — Procurement and Logistics: A Team of Rivals?
Procurement and Logistics: A Team of Rivals?
Maximize the Value of Logistics and Transportation Services
Date: Thurs., Feb. 19
Time: 1 pm - 2 pm EST
- Chris Caplice
MIT Center for Transportation & Logistics
- Tom Carpenter
Director of Transportation
- Rene A. Yates
Manager of Professional Development Services
Institute for Supply Management (ISM)
Procurement naturally wants to drive down the cost of logistics and transportation; Logistics wants services that might not come with the lowest cost but are necessary to meet important operational goals. How can the two views be reconciled at a time when companies are under intense pressure to contain costs without sacrificing service quality?
By moving beyond the disjointedness that separates these key supply chain players and toward a unified approach where they are positioned more as allies and less as rivals. This evolution is critical to maximizing the value of logistics and transportation services, and implementing the supply chain strategies that companies need to compete in uncertain markets.
Essential for sustaining success in 2009, this unique webinar will highlight the ways that procurement and logistics can work together to lower costs, while harnessing the value-add services provided by third-party logistics services providers (3PLs) and freight carriers that help organizations to stay competitive.
Join us on February 19 to gain critical insights you won't find anywhere else! For complete details, or to register online, click here.
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|Feb. 24 Webinar: Controlling Services Spending — Compliance through Convenience
Controlling Services Spending — Compliance through Convenience
Proven Strategies to Effectively Manage Business Services Spending
Date: Tues., Feb. 24
Time: 2 pm EST / 11 a.m. PST
Note: This streaming-only Web seminar is 60 minutes in length.
- Gregg Brandyberry, Vice President Procurement, Global Systems & Operations, GlaxoSmithKline
- Mickey North Rizza, Research Director, AMR Research
Travel, Entertainment (T&E), and general Business Services represent a substantial spend category for your organization. This category typically includes travel, dining, client entertainment, and a host of office services like shipping, conferencing, and professional services. These spend categories are notoriously difficult to manage, and most companies are challenged to have employees adhere to policies and preferred suppliers.
Learn from GSK's Vice President of Procurement, Gregg Brandyberry, and AMR's Mickey North Rizza how to address some of the toughest services categories, and how to turn reluctant employees into savings advocates by providing some carrots with the traditional sticks.
Attend and learn:
- Typical obstacles to compliance and savings in services categories
- Challenges unique to travel and associated categories
- A winning approach to gaining employee compliance
- Leveraging technology to increase employee productivity while reducing company spend
For complete details, or to register online, click here.
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|Minimize Your Training and Travel Spend with ISM's Online Courses
Institute for Supply Management™ (ISM) Knowledge Center courses save your organization time and money. With no time taken away from work and the elimination of travel expenses, they are a green, sustainable resource in a time of training and travel budget cuts.
Global in scope, these courses were developed by experts in supply management. Courses are either self-directed, instructor-led or bundled with groupings of courses that focus on concentrated learning objectives in a specific supply area. Plus, you can earn Continuing Education Hours (CEHs) for every course that you complete. The cost per course is $495 for members and $595 for nonmembers.
Instructor-Led Online Courses for 2009:
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|Term of the Day
Today's ISM Term of the Day is: FIXED EXCHANGE RATE.
Definition: A currency exchange rate set and maintained by a government.
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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