|In This Issue ...
- April Manufacturing ISM Report On Business®: PMI at 40.1% — Read more.
- Inside the Latest eSide Supply Management — Read more.
- ISM's 2009 Hospitality Supply Management Conference Scheduled for May 13-15 in Chicago — Read more.
- May 14 Webinar: "Five Plus Five: Two CPOs Offer Their Five Best Ideas for Driving Cost Savings" — Read more.
- May 7 Webinar: "Using Executive S&OP in a Down Economy to Unlock the Productivity of Your Supply Chain" — Read more.
- Web Site of Interest — 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.
|April Manufacturing ISM Report On Business®: PMI at 40.1%
Economic activity in the manufacturing sector failed to grow in April for the 15th consecutive month, and the overall economy contracted for the seventh consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "The decline in the manufacturing sector continues to moderate. After six consecutive months below the 40-percent mark, the PMI, driven by the New Orders Index at 47.2 percent, shows a significant improvement. While this is a big step forward, there is still a large gap that must be closed before manufacturing begins to grow once again. The Customers' Inventories Index indicates that channels are paring inventories to acceptable levels after reporting inventories as ‘too high' for eight consecutive months. The prices manufacturers pay for their goods and services continue to decline; however, copper prices have bottomed and are now starting to rise. This is definitely a good start for the second quarter."
To read the entire release, click here.
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|Inside the Latest eSide Supply Management
Check out the March/April 2009 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:
- Successful Contracting: Getting Beyond the Basics
Today's supply management organizations face ever-increasing challenges: Workloads are heavy, expectations are high and qualified high-capacity staff are sometimes hard to find. In this "pressure cooker" environment, the management team at your organization must look beyond traditional supply chain processes and embrace the underlying value proposition in contracting. Three critical strategies can help you mine the contracting function's potential value.
- 4 Ways to Build Your Job Security in a Struggling Economy
Recessionary times can actually provide supply management professionals with opportunities to progress in their careers. Four strategies can enhance your prospects, even during times like these.
- A Look Inside Green MBA Programs and the Business Drivers Fueling Them
Leaders at well-respected universities are implementing sustainable packaging, transportation and supply chain dynamics skills into their MBA curriculums. In fact, some institutions heeded the call from corporate America a while ago.
- Spotlight On 20-Something CPSM®s
Young supply management professionals are increasingly pursuing — and securing — professional certifications such as the Institute for Supply Management™'s esteemed Certified Professional in Supply Management® (CPSM®). eSide spotlights three driven 20-something CPSM®s setting the pace for their peers.
To access past editions of eSide, click here.
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|ISM's 2009 Hospitality Supply Management Conference Scheduled for May 13-15 in Chicago
Hospitality Supply Management, an ISM Forum, presents the 2009 Hospitality Supply Management Conference May 13-15, 2009 in downtown Chicago.
On the agenda are challenges and solutions for today's hospitality supply management professional, including:
- Effect of industry and demographic trends on food safety
- Sustainability and going green
- Equipment update and trends
- Disaster planning and recovery: a success story
- Economic outlook
Attendees will earn 8.75 continuing education hours, get powerful takeaway tools and enjoy valuable networking opportunities.
In today's challenging environment, it's critical for supply managers to bring more value to their organizations. This conference will help attendees gain new perspectives while networking with colleagues and industry leaders, discover what's on the horizon, discuss best practices and learn about current trends and innovations in sustainability, disaster planning and food safety.
Conference information, the agenda, registration and a downloadable conference brochure are available online, click here.
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|May 14 Webinar: "Five Plus Five: Two CPOs Offer Their Five Best Ideas for Driving Cost Savings"
Date: Thursday, May 14
Time: 1 p.m. EDT / 10 a.m. PDT
Note: This streaming-only Web seminar is 60 minutes long.
These are challenging economic times, but there have never been more opportunities and tools for companies to transform procurement programs through cost savings and greater control over spending.
In this one-hour session, attendees will hear from two prominent CPOs on the strategies, techniques and cutting-edge tools they have used at their companies to drive substantial cost savings, boost compliance to corporate policy and maximize control over all expenditures.
- Maximize control over expenditures by using new innovative tools and resources
- Gain senior management support for new compliance initiatives
- Drive savings by leveraging change in your procurement organization
Director of Benchmarking Programs and Marketing Initiatives, CAPS Research
Chief Procurement Officer and Head of Global Real Estate, American Express
Jeff Furman is the Chief Procurement Officer and Head of Global Real Estate at American Express, a position he assumed in August 2007. In this role, Furman is responsible for leading an organization of more than 1,900 professionals in the management and operations of all Amex real estate and facilities worldwide, as well as leading and establishing the strategy for the global Procurement Services team.
Since joining American Express in 1991, Furman has held several positions in real estate. Most recently, he was vice president, global real estate with overall responsibility for global real estate operations across a portfolio that exceeded 1,500 locations and 58 countries.
Before coming to American Express, Furman worked as a project manager/architect with firms in Chicago and Boston, as well as leading the design and construction organization for Thomas Cook Travel USA.
Wayne S. Evans
Senior Vice President, DHL
Evans is currently the vice president of procurement for the Americas at DHL, the global market leader of the international express and logistics industry. His career in procurement spans more than 20 years in which he has held senior level procurement positions at Lockheed Martin, Unisys and CBS.
In addition, Evans was a senior manager for a "Big Five" consulting firm where he performed supply chain consulting services for industry leaders such as Boeing, Carnival Cruise Lines, Federal Express and BP. His current responsibilities include the procurement of more than $1.5 billion of goods and services across North and South America.
For more information, or to register, click here.
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|May 7 Webinar: "Using Executive S&OP in a Down Economy to Unlock the Productivity of Your Supply Chain"
Date: Thursday, May 7
Time: 2 p.m. ET
With the global economic downturn, the ability to eliminate inefficiencies across your supply chain and improve cash flow is now more important than ever. And, while many companies have been using Sales and Operations Planning (S&OP) to match supply and demand for more than two decades, most organizations have failed to realize its potential for integrating planning across key functions like finance, operations and procurement.
Executive S&OP links high-level plans with day-to-day execution, ties operational and financial planning tightly together, and prevents potential problems from becoming costly planning mistakes. When properly executed, Executive S&OP can begin to yield benefits in just 90 days, so in today's recession, no supply chain strategy is complete without it.
Join IOMA and ISM for a timely interactive webinar where leading experts will explain how you can use Executive S&OP to sure up your organization against today's market uncertainty.
In just 90 minutes, attendees will learn how the process brings functional teams and senior executives together to improve resource allocation, tighten cash flows and prevent costly product shortages and surpluses. This interactive program will also address key issues such as how to connect contract manufacturing with the Executive S&OP process at a time when many companies are rebalancing their outsourcing strategies.
Expert advice will include:
- What Executive S&OP has achieved and what capabilities companies are leaving on the table
- How Executive S&OP can become the company's planning backbone
- The benefits including decreases in finished inventory, improved financial planning, and more effective communications between functions such as operations, finance and procurement
- How experienced companies are using Executive S&OP to drive planning on the supply side
- Why the process offers a forum where executives can address strategic questions about balancing demand opportunities with supply constraints.
Director, Supply Chain, Eli Lilly and Company
S&OP Expert, Educator and Author
Dr. Larry Lapide
Director, Demand Management MIT Center for Transportation & Logistics (CTL)
Host & Moderator:
Editor, Supply Chain Publications, IOMA
Details and registration are available online, click here.
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|Web Site of Interest
This month's Web Site of Interest is National Minority Supplier Development Council, Inc. (NMSDC).
The National Minority Supplier Development Council® (NMSDC®) provides a direct link between corporate America and minority-owned businesses. NMSDC is one of the country's leading business membership organizations. It was chartered in 1972 to provide increased procurement and business opportunities for minority businesses of all sizes.
Its Web portal offers business opportunity fairs, a national conference, information about NMSCD certification, and Centers of Excellence — a network of regional business modules comprised of corporate diversity/purchasing executives and minority business owners. NMSDC also offers education programs, online courses, regional corporate seminars, workshops and more.
To access NMSCD online, click here.
Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these Web sites, or any other Web site(s) accessible from these Web sites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other Web site.
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|Term of the Day
Today's ISM Term of the Day is: ELECTRONIC ENGINEERING NETWORK.
Definition: Online directory for the electronics industry.
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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