|In This Issue ...
- March Non-Manufacturing ISM Report On Business®: NMI at 40.8% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- No-Cost April 7 Webinar: "Enlisting Finance Support to Help Reduce Supply Risk"" — Read more.
- ISM Fine-Tunes Annual Conference to Address Economic Climate — 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.
|March Non-Manufacturing ISM Report On Business®: NMI at 40.8%
Economic activity in the non-manufacturing sector contracted in March, 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 40.8 percent in March, 0.8 percentage point lower than the 41.6 percent registered in February, indicating contraction in the non-manufacturing sector for the sixth consecutive month at a slightly faster rate. The Non-Manufacturing Business Activity Index increased 3.9 percentage points to 44.1 percent. The New Orders Index decreased 1.9 percentage points to 38.8 percent, and the Employment Index decreased 5 percentage points to 32.3 percent. The Prices Index decreased 9 percentage points to 39.1 percent in March, indicating a faster decrease in prices from February. According to the NMI, one non-manufacturing industry reported growth in March. Respondents remain concerned about the negative economic outlook and rising unemployment. A special question was asked with regard to the Economic Stimulus Package, and eight of the 18 industries expect to derive some benefit from the stimulus."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing PMI Rose to Five-Month High in March
March PMI data provided evidence that the worst of the global manufacturing recession may have passed. Indexes tracking trends in output and new orders rose further from the series lows registered at the end of 2008. However, both indexes remained at levels well below those consistent with an outright recovery in either component.
The JPMorgan Global Manufacturing PMI — which provides a single figure snapshot of operating conditions — posted 37.2 in March. Although substantially below the no-change mark of 50.0, the PMI rose for the third month in row and to its highest since last October. The vast majority of the national manufacturing PMIs rose in March, including the US, Japan, most Eurozone nations and the UK. However, all remained below 50.0.
For the complete JPMorgan release, click here.
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|No-Cost April 7 Webinar: "Enlisting Finance Support to Help Reduce Supply Risk"
Event: "Procurement's New Mandate: Enlisting Finance Support to Help Reduce Supply Risk"
Date: Tuesday, April 7, 2009
Time: 2 p.m. EDT/11 a.m. PDT
- Jason Busch
Editor of www.spendmatters.com
- Andrew Jesse
Vice President, Professional Services
Note: This no-cost, streaming-only Web seminar is 60 minutes long.
When it comes to monitoring the financial condition of your supply base in the current downturn, most companies are struggling to keep pace with how fast this environment is evolving. Procurement organizations alone will never be able to solve supply risk by themselves. Rather, they must work closely with finance leaders to mitigate the varied aspects of risk that can impact large portions of the business.
Together, both groups can take action, bringing together the right team to build increased overall spend and supplier visibility, enable better coordination and results, and deploy enabling P2P technology to drive compliance and overall risk reduction.
Additionally, given how fast things are changing, companies foster a false sense of security by monitoring supplier credit ratings or running once per quarter (or once a year) financial analyses on a supply base. Instead, companies must proactively mitigate the impact of supply risk by:
- Looking closely at key supplier behavior and indicators on a more frequent basis
- Automating, monitoring and tracking the overall P2P process
- Keeping current information on up-to-the-minute internal reporting metrics
- Sharing information with key constituents to enable action
Log on for this April 7 Webinar and learn from industry experts how companies can — and are — reducing the odds of all types of supply risk negatively impacting their business.
Register online, click here.
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|ISM Fine-Tunes Annual Conference to Address Economic Climate
If you're like the rest of us and have an eye on the economy, then you won't want to miss ISM's 94th Annual International Supply Management Conference May 3-6, 2009 in Charlotte, North Carolina.
This is a pivotal year for most organizations, and the supply chain continues to be an area that can contribute to organizations' overall success. ISM is fine-tuning its Conference content so attendees gain the tools to power through 2009 and enter 2010 with solid traction. All Conference sessions will include the most current information about the marketplace and how it relates to supply management issues.
Be sure to attend the Tuesday, May 5 session when ISM will present the Economic Outlook featuring the Report On Business®. Two prominent economists will offer their insight into the coming year.
Registration information, brochure and 2009 Conference Navigator are available online: click here.
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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 online for the review course: click here.
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 online: click here.
ISM offers fee-based customized research through the Research on Demand service of the ISM Resource Center. For more information, click here.
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|Term of the Day
Today's ISM Term of the Day is: FREE ALONGSIDE SHIP (INCOTERM).
Definition: Incoterm used only for ship transport (inland waterway and seagoing). Requires the seller to place the goods on a loading dock accessible to the carrier, at which time the risk of loss transfers to the buyer. Seller is responsible for export customs clearance. Delivery occurs when exporter brings goods "alongside" ship. Exactly when and where delivery takes place is hard to determine and is a deterrent to use of FAS.
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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