|In This Issue ...
- June Manufacturing ISM Report On Business®: PMI at 44.8% — Read more.
- July 23 Webinar: Spend Visibility's Role — Proving Savings to Finance — Read more.
- Free ISM Web Seminars — Earn While You Learn — Read more.
- Inside the Latest eSide Supply Management — 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.
|June Manufacturing ISM Report On Business®: PMI at 44.8%
Economic activity in the manufacturing sector failed to grow in June for the 17th consecutive month, while the overall economy grew for the second consecutive month following seven months of decline, 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. "Manufacturing continues to contract at a slower rate, but the trends in the indexes are encouraging as seven of 18 industries reported growth in June. Most encouraging is the gain in the Production Index, which is up 12.1 percentage points in the last two months to 52.5 percent. Aggressive inventory reduction continues and indications are that the de-stocking cycle is at or near the end in most industries, as the Customers' Inventories Index remained below 50 percent for the third consecutive month. The Prices Index was unchanged from May, indicating that the supply/demand balance is improving. Overall, a slow recovery for manufacturing is forming based on the current trends in the ISM data."
To read the entire release, click here.
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|July 23 Webinar: Spend Visibility's Role — Proving Savings to Finance
Date: Thursday, July 23, 2009
Time: 1 p.m. EDT / 10 a.m. PDT
Please Note: This no-cost, streaming-only Web seminar is 60 minutes long.
Since the onset of the current economic crisis, your business, like many others, has likely engaged in strategies to cut costs and increase productivity. As the center of any cost cutting initiative, procurement continues to play a significant role in driving these initiatives. An opportunity exists for procurement to demonstrate its results to finance and the executive office, continuing to validate its strategic value to the business during both down times and prosperity.
Leading procurement organizations have learned to effectively work with the finance department to drive approaches that impact the bottom line. During this Web seminar, attendees will learn practical strategies for:
- Using spend visibility to prove the savings numbers results of procurement initiatives
- Using spend analysis to monitor payment terms and optimize days payable outstanding
- Speak the language of finance versus the language of procurement
- Heighten the company's view of procurement as a strategic asset
- Mickey North Rizza
- Mitch Plaat
Vice President, Procurement (Chief Procurement Officer)
Register online, 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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|Inside the Latest eSide Supply Management
Check out the May/June 2009 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:
- Counterfeiting — What (and Who) Can You Trust?
Finding an authorized source is as simple as checking a product manufacturer's Web site for a list of its authorized distributors and resellers. Also keep in mind that while you might be able to find genuine parts from unauthorized sources, many manufacturers are increasingly denying returns, warranty protection and support for products purchased outside the authorized channel.
Because good supply management practice dictates buying from authorized sources, a handful of solid recommendations apply.
- Great Negotiators Are Made, Not Born
With rare exception, natural-born talent has very little to do with successful negotiation. Top salespeople, winning negotiators and dominant diplomats are trained — and train themselves — to succeed.
- Green Purchasing: Building an Actionable Framework
These days, supply management professionals are on the front lines of sustainability purchasing. They possess decision-making capabilities that have impact beyond their organizations. Even so, green purchasing is still in its nascent stages. A significant need exists for standardized, solid practices, metrics and frameworks to help supply management professionals establish a business case for green products and methods to cost-efficiently implement those practices.
- Doing Business in South Africa
Frequently referred to as the "Rainbow Nation," South Africa's ever-expanding multicultural diversity makes it difficult to generalize about its business culture. Even so, the majority of experts agree on a handful of common etiquette tips.
To access past editions of eSide, click here.
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|Web Site of Interest
This month's Web Site of Interest is Responsible Purchasing:
The Responsible Purchasing Initiative seeks to learn from and improve how international sourcing from developing countries contributes to international sustainable development. It works in collaboration to stimulate debate with:
- Companies about how to improve their buying practices from low-cost countries, as well as to their key influencers
- Governments on how to create a business operating environment that supports business' contribution to the respect of international human rights
- Investors on the issues the companies they are investing in are facing when importing from newly industrializing countries
- Trade and professional associations to help them provide best practice advice to their members
To access Responsible Purchasing, 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: ACTIVITY-BASED PLANNING (ABP).
Definition: A method of planning whereby the organization continuously monitors the customer demand of its products or services and uses this demand to determine the organization's activity and resource requirements.
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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