Wednesday, June 3, 2009
   


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In This Issue ...
  • May Non-Manufacturing ISM Report On Business®: NMI at 44% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Highest Honor in Supply Management Presented to Seminole Electric Cooperative Exec — Read more.
  • June 18 Webinar: Strategic Sourcing Stimulus Plan  — Read more.
  • Free ISM Web Seminars — Earn while you Learn — Read more.
  • ISM Extends C.P.M. Exam Registration Deadline to September 30, 2009 — 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.


May Non-Manufacturing ISM Report On Business®: NMI at 44%

Economic activity in the non-manufacturing sector contracted in May, 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 44 percent in May, 0.3 percentage point higher than the 43.7 percent registered in April, indicating contraction in the non-manufacturing sector for the eighth consecutive month, but at a slightly slower rate. The Non-Manufacturing Business Activity Index decreased 2.8 percentage points to 42.4 percent. The New Orders Index decreased 2.6 percentage points to 44.4 percent, and the Employment Index increased 2 percentage points to 39 percent. The Prices Index increased 6.9 percentage points to 46.9 percent in May, indicating a slower decrease in prices from April. According to the NMI, six non-manufacturing industries reported growth in May. Respondents' comments remain mixed and vary by industry and company. Some respondents indicate that there are signs of stabilization, while others continue to have a negative outlook on the economy."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI Rose to Nine-Month High in May

At 45.3 in May, up further from December 2008's record low, the JPMorgan Global Manufacturing PMI posted its highest reading for nine months. Indexes for output and new orders also printed at much higher levels than in April.

The headline PMI is still at an historically low level and well below one consistent with outright recovery. However, the easing of the worldwide manufacturing recession signalled during the past two months has been substantial. The month-on-month gains in the PMI, output and new orders indexes in April and May are the greatest in the series history. All of the national indexes for these variables rose during the latest survey period.

For the complete JPMorgan release, click here.

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Highest Honor in Supply Management Presented to Seminole Electric Cooperative Exec

Richard D. Rich, C.P.M., accepted his profession's highest honor at the Institute for Supply Management™'s (ISM) 94th Annual International Supply Management Conference and Educational Exhibit. Rich accepted the J. Shipman Gold Medal Award in Charlotte, North Carolina, in recognition of modest, unselfish, sincere and persistent efforts for the advancement of supply management.

Rich has spent the majority of his 35-year career working in the government and public sectors. He is director of enterprise risk management for Seminole Electric Cooperative, Inc. in Tampa, Florida. Rich arrived at Seminole in 1982, and spent the next 26 years in purchasing, inventory, materials management and supply management. In 2008, Seminole Electric's CEO recruited him to implement an enterprise risk management program for the entire organization. "I'm proud that my organization made the bold and innovative move of entrusting a supply chain professional to manage risk on an enterprise level," Rich says.

Seminole Electric Cooperative CEO Tim Woodbury says he never even considered looking outside the organization. "Because of the skill set gained in supply management and his demonstrated leadership abilities, Richard was the ideal choice for establishing this new enterprise risk management function," Woodbury says. "Richard was able to hit the ground running — supply management not only equipped him well for the task of establishing protocols and methodologies for assessing risk, but it also gave him the tools necessary to effectively work across departmental lines with personnel at all levels within the company." Adds Woodbury: "My ability to redeploy existing manpower in this instance was only made possible by Richard having groomed his capable successor. It was a win-win for the company and a win for all the employees involved."

Like Shipman winners before him, Rich has played in integral part in the leveling up of the profession and his chosen association. For five years, between 1997 and 2001, he played a key role in changing the 85-year-old National Association of Purchasing Management™ (NAPM) governance process to the current Institute for Supply Management™ (ISM) governance and operating process. During his president-elect year from 1997 to 1998, Rich chaired the NAPM Strategic Planning Committee which prepared, drafted and coordinated the first-ever NAPM Five-Year Strategic Plan. While serving as NAPM president during 1998 to1999, Rich spearheaded the leadership that ultimately led to the adoption by NAPM of a number of key initiatives contained in the Strategic Plan, including changing the name of the association to Institute for Supply Management™, a name that more appropriately reflects the growing importance of the field of supply management within public and private organizations.

Rich spent his early career with the State of Wyoming. One of his first positions involved managing contracts and purchases of food and pharmaceuticals for state institutions. He was later promoted state program manager for purchasing and assistant administrator for the Division of Purchasing and Property Control. In 1979, the governor of Wyoming appointed Rich chief of fiscal operations for Wyoming Game and Fish. In July 1980, Rich moved east and was appointed purchasing supervisor with the City of Pittsburgh, where he supervised a citywide spend of about $250 million. In March 1981, then-New York City Mayor Edward Koch appointed Rich to the post of assistant commissioner of procurement for the five boroughs of New York City.

Rich earned a bachelor's degree in political science from the University of Wyoming (UW) in Laramie. He is former president of Sigma Alpha Epsilon (SAE) fraternity and also co-founded A-Enterprises, a local social fraternity for men and women.

The J. Shipman Gold Medal Award is the highest award within the power of ISM to confer. ISM joins the members of the 2008-2009 J. Shipman Gold Medal Award Selection Committee — Thomas H. Slaight; Aaron D. Dent; Timothy R. Fiore, C.P.M.; R. David Nelson, C.P.M., A.P.P.; and Norbert J. Ore, CPSM, C.P.M. — in congratulating Richard D. Rich, C.P.M., on this prestigious award. The J. Shipman Gold Medal Award was created by the Purchasing Management Association of New York in 1931 to honor Johnson Shipman, a pioneer in the profession.

For more information about The J. Shipman Gold Medal Award, click here.

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June 18 Webinar: Strategic Sourcing Stimulus Plan — Leveraging Meetings Related Spend for Dramatic Costs Savings

Date: Thurs., June 18, 2009

Time: 12 p.m. EDT / 9 a.m. PDT

Note: This no-cost, streaming-only Web seminar is 60 minutes long.

Applying the principles of strategic sourcing to meetings and travel is often new territory for procurement. Harnessing an organized and collaborative process for leveraging meetings and associated travel spend with select suppliers can dramatically lower costs while more readily achieving broader corporate goals — but how?

This Webinar provides corporate procurement, travel and meetings professionals with guidance regarding strategic sourcing opportunities for meetings and how to successfully take that effort into the supplier marketplace. You'll also get a sneak peak at the latest Strategic Meetings Management research from Aberdeen.

In this one hour event, we will discuss:

  • Garnering percent discounts for guaranteed meetings business;
  • Negotiating rebates for excellent performance;
  • Establishing service-level expectations and ensuring meetings quality;
  • Reducing planning time/resources; and
  • Minimizing risk in your organization.

Featured Speakers:

  • Bill Browning, Research Analyst, Aberdeen

    Browning is responsible for research into complex category management, covering travel and entertainment (T&E), meetings and events management, real estate and facilities, and print management. These are areas of significant corporate spend for which focused processes and technologies have been developed to drive visibility, operational efficiencies and savings.

    Browning provides fact-based research and actionable recommendations around strategies for automation and best-in-class practices regarding his topics of coverage. He also leads supply management research that concentrates on process-related challenges such as contract lifecycle management, procurement outsourcing and supply risk management.

    Prior to joining Aberdeen, Browning was a consultant for CGI Spend Management Solutions (formerly Silver Oak Solutions), a leading strategic sourcing and spend management consulting firm. At CGI, he led several category sourcing efforts, analyzing more than $200 million of spend and achieving significant client savings, while also performing operations and technology assessments for various clients.

  • Kevin Iwamoto, Vice President, Enterprise Strategy, StarCite

    As Vice President, Enterprise Strategy, Iwamoto guides StarCite's overall strategy for engaging with buyers and suppliers. Prior to joining StarCite, he was a key manager in the Hewlett-Packard Global Travel & Meetings Team, serving as Global Corporate Card, Hotels & Meetings Category Manager. His responsibilities included working with HP's management team and global offices negotiating and creating worldwide purchasing and supplier strategies. Iwamoto previously managed HP's worldwide airline, car rental and ground programs for many years before assuming new responsibilities in 2006.

    Iwamoto is a former president & CEO of the board of directors for the National Business Travel Association (NBTA).

Moderator:

  • Nora Pollard Neibergall, CPSM, C.P.M., Senior Vice President at Institute for Supply Management™

    Starting her career with ISM in 1994, Nora now oversees ISM's educational program development, professional credentials, public relations, marketing and sales efforts. Prior to ISM, Nora was a supply management professional for manufacturing and retail firms. Nora holds a B.S. from the University of Arizona and an MBA from Arizona State University.

To register, or for more information, click here.

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Free ISM Web Seminars — Earn while you Learn

Each month, ISM presents sponsored Web seminars that bring you new trends, methods and products that can make you more effective as a supply management professional. Participate from any location — All you need is a computer with an Internet connection, speakers or headphones. Plus, you will earn one Continuing Education Hour (CEH) for each event you attend.

2009 Completed ISM Sponsored Web Seminars:

Now, Get Your Affiliate Link!

Affiliates can now receive their own link to new ISM Sponsored Web Seminars. Just contact Mike Shirra with your full contact information, including phone and preferred e-mail address and you'll be updated for each new event.

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ISM Extends C.P.M. Exam Registration Deadline to September 30, 2009

Due to overwhelming demand, ISM has extended the Certified Purchasing Manager (C.P.M.) Exam registration deadline. Don't miss this opportunity to earn a globally recognized credential and boost your competitive edge in today's tough job market.

Since the C.P.M. Exam registration deadline on December 31, 2008, ISM has been inundated with requests from individuals for additional time to register for the C.P.M. Modules. C.P.M. Exam registrations will be accepted through September 30, 2009. All exams (including retakes) must be completed by December 31, 2009. No exceptions.

ISM encourages candidates to schedule testing as soon a possible to avoid scheduling conflicts at testing centers. Register for C.P.M. Modules by calling or ISM Customer Service at 800/888-6276, option 8, or online, click here.

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Term of the Day

Today's ISM Term of the Day is: DELEGATION OF DUTIES.

Definition: Transfer of one's contractual performance obligations to another, in whole or in part.

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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