|In This Issue ...
- February Non-Manufacturing ISM Report On Business®: NMI at 41.6% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Summit for Black Execs Features ISM Board Chair Shelley Stewart Jr. — Read more.
- ISM R. Gene Richter Awards Finalists Announced — Read more.
- ISM Launches Knowledge Center Offering — CPSM® Bridge Online Review — Read more.
- ISM Conducts Survey on Impact of Financial Market Turmoil — Read more.
- Term of the Day — Read more.
- Contact Us — Read more.
|February Non-Manufacturing ISM Report On Business®: NMI at 41.6%
Economic activity in the non-manufacturing sector contracted in February, 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 41.6 percent in February, 1.3 percentage points lower than the 42.9 percent registered in January, indicating contraction in the non-manufacturing sector for the fifth consecutive month at a slightly faster rate. The Non-Manufacturing Business Activity Index decreased 4 percentage points to 40.2 percent. The New Orders Index decreased 0.9 percentage point to 40.7 percent, and the Employment Index increased 2.9 percentage points to 37.3 percent. The Prices Index increased 5.6 percentage points to 48.1 percent in February, indicating a slower decrease in prices from January. According to the NMI, one non-manufacturing industry reported growth in February. Respondents are concerned about the soft market conditions, the negative outlook for employment and the overall state of the economy."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing Recession Continued in February
The performance of the worldwide manufacturing sector remained very weak in February. Although the JPMorgan Global Manufacturing PMI rose further from December's record low, at 35.8 it was still well below the critical no-change mark of 50.0. Rates of decline eased for production and new orders, but accelerated to reach a new survey record for employment.
All of the national PMI surveys for which February data were available indicated declines in output, new business and staffing levels. Amongst the larger manufacturing economies covered by the survey, rates of contraction for output eased in the US, Japan, China and India. However, the recession in the European manufacturing sector deepened, as production levels in the Eurozone and the UK both contracted at the fastest pace in their respective series histories.
For the complete JPMorgan release, click here.
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|Summit for Black Execs Features ISM Board Chair Shelley Stewart Jr.
The Sixth Annual Black Executive Supply Management Summit, to be held March 25-27, 2009 in Orlando, Florida, will offer attendees valuable networking opportunities, including the chance to learn from and visit with Shelley Stewart Jr., the first black chair of Institute for Supply Management™'s (ISM) Board of Directors. Stewart is senior vice president, operational excellence and chief procurement officer at Tyco International. He was recently named one of Black Enterprise's 100 Most Powerful Top Executives.
Stewart and other members of the ISM Board of Directors will discuss how your business can leverage supply management in the global economy and future trends. Professionals from renowned companies such as NBC Universal, Tyco, Microsoft and The Procter & Gamble Company will share their knowledge and insights. Learn from thought-leaders and change agents in the field as they discuss sustaining business in economic adversity, taking your career to the next level, sustainable energy and much more.
Presented by Institute for Supply Management™ and Howard University, the Summit offers a special track for students enrolled in supply management degree programs. Additionally, the program will feature the 2009 Student Case Competition, where future leaders in the profession will bring new ideas to the table as they present their case work and compete for scholarships.
Program cost is $795 for ISM members and $995 nonmembers. Register by March 9, 2009 to save $100 on registration. The discounted ISM room rate ($149 plus tax per night) is offered through March 9. For additional program information, e-mail or call Karin Spencer at 800/888-6276, extension 3068.
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|ISM R. Gene Richter Awards Finalists Announced
Supply management departments at 14 companies are among the finalists in Institute for Supply Management™'s (ISM) fourth annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management. ISM will announce winners from among the 2009 finalists in April. Representatives from winning organizations will present their stories of leadership and innovative thinking in Charlotte, North Carolina, at ISM's 94th Annual International Supply Management Conference and Educational Exhibit to be held May 3-6, 2009.
Named after supply management leader and innovator R. Gene Richter, the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management were established in 2004 to recognize innovative supply organizations that through strong leadership have dramatically increased their contribution to organizational success. Four entry categories include: Process; Technology; People; and Organization/Structure.
The 2009 Richter Corporate Award Finalists are:
- Advanced Micro Devices (Process Category)
- Alltel Communications Inc. LLC (Organization/Structure Category)
- Alltel Communications Inc. LLC (Process)
- ATMI, Inc. (Organization/Structure Category)
- Cessna Aircraft Company (Process Category)
- Materials, Intel Corporation (Process Category)
- J. C. Penney Corporation, Inc. (Process Category)
- KPN Energy Management (Process Category)
- Lockheed Martin Missiles and Fire Control (Technology Category)
- Mead Westvaco Corporation (Process Category)
- Mead Westvaco Corporation (Technology Category)
- Sonoco Products Company (Process Category)
- Terex Corporation (Technology Category)
- Tyco International (Organization/Structure Category)
- UNIBANCO (Organization/Structure Category)
- United States Postal Service (Technology Category)
Finalists in the 2009 competition were selected from applications received in an online submission process held July 1-31, 2008. The fifth annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management call for entries will open in July 2009.
Log on to the ISM Web site for more information and to sign up to receive e-mail updates.
Sponsors for the fourth annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management are:
- Gold — A.T. Kearney Procurement & Analytic Solutions; HP
- Silver — ADR International; Anklesaria Group, Inc.; Bank of America; BP; eclaro international; McKinsey & Company; Tyco International
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|ISM Launches Knowledge Center Offering — CPSM® Bridge Online Review
The latest tool for supply professionals seeking to acquire the Certified Professional in Supply Management® (CPSM®) qualification is here. Institute for Supply Management™ (ISM) now offers a CPSM® Bridge Exam Online Review Course through the ISM Knowledge Center. A special introductory member price of $99 is available through May 6, 2009. Regular cost is $195 for ISM members, $295 for nonmembers. As with all ISM Knowledge Center online courses, supply professionals have access to their desired courses for one year starting from the date of purchase.
The CPSM® Bridge Exam Online Review Course is for current Certified Purchasing Managers (C.P.M.s). with a bachelor's degree who are preparing for the CPSM® Bridge Exam. C.P.M.s in good standing who meet CPSM® requirements have the advantage of taking a single CPSM® Bridge Exam instead of the CPSM® Exam, which is comprised of three separate tests.
Participants get an in-depth review and assessment of the material in the CPSM® Study Guide by tailoring their course to their specific study needs. The course includes sample test questions, case studies and bonus supplemental content developed by subject-matter experts.
CPSM® Bridge Exam candidates can register for the online review course at www.ism-knowledgecenter.ws. Visit ISM's Knowledge Center for a list of all other courses, pricing information and four easy steps to purchase online courses. For questions on the CPSM® qualification, contact ISM Professional Credentials.
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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.
A downloadable PDF of the survey report is available. ISM offers fee-based customized research through the Research on Demand service of the ISM Resource Center.
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|Term of the Day
Today's ISM Term of the Day is: Advanced Planning and Scheduling (APS).
Definition: A manufacturing and logistics management process that allocates raw materials and production capacity to meet demand.
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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