|In This Issue ...
- June Non-Manufacturing ISM Report On Business®: NMI at 47% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- July 23 Webinar: Spend Visibility's Role — Proving Savings to Finance — Read more.
- ISM Announces Doctoral Grants and Research Fellowship — Read more.
- ISM Board of Directors Appoints New Corporate Secretary — Read more.
- ISM Extends C.P.M. Exam Registration Deadline to September 30, 2009 — Read more.
- Term of the Day — Read more.
- Contact Us — Read more.
|June Non-Manufacturing ISM Report On Business®: NMI at 47%
Economic activity in the non-manufacturing sector contracted in June, 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 47 percent in June, 3 percentage points higher than the 44 percent registered in May, indicating contraction in the non-manufacturing sector for the ninth consecutive month, but at a slower rate. The Non-Manufacturing Business Activity Index increased 7.4 percentage points to 49.8 percent. The New Orders Index increased 4.2 percentage points to 48.6 percent, and the Employment Index increased 4.4 percentage points to 43.4 percent. The Prices Index increased 6.8 percentage points to 53.7 percent in June, indicating an increase in prices paid from May. This is the first time the index has registered above 50 percent since October 2008. According to the NMI, six non-manufacturing industries reported growth in June. Respondents' comments continue to be mixed and tend to be industry- and company-specific about business conditions."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing Output Stabilized In June
The worldwide manufacturing sector took a further step towards recovery in June. The JPMorgan Global Manufacturing PMI — which acts a barometer of the overall health of the sector — posted 46.9, its highest reading since last August. Output expanded slightly following a year-long period of contraction.
The PMI has now remained below the neutral 50.0 mark for thirteen successive months. The principal factors weighing on the level of the PMI in June were declines in new orders, employment and inventory holdings. However, rates of contraction in new work and employment eased to their weakest for thirteen and eight months respectively. Looking ahead, the new orders to inventories ratio — which tends to move in advance of the production cycle — rose for the sixth month running to its highest since April 2004.
For the complete JPMorgan 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
- Donovan Favre
Teaching Assistant Professor
North Carolina State University
- Kirit Pandit
Vice President, Content Services
- Mitch Plaat
Vice President, Procurement (Chief Procurement Officer)
- Mickey North Rizza
- Terri Tracey, CAE
Inside Supply Management®
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|ISM Announces Doctoral Grants and Research Fellowship
Institute for Supply Management™ (ISM), with the support of the ISM Board of Directors, has awarded Doctoral Dissertation Grants to three doctoral candidates across the United States. At its May 2009 meeting, the ISM Board approved the ISM Educational Resources Committee's recommendations for ISM Doctoral Dissertation Grants in amounts ranging from $6,000 to $12,000 to:
- Yusoon Kim — Arizona State University
Reframing Buyer-Supplier Relationships: Adoption of Network Embeddedness
- Delvon B. Parker — Michigan State University
Modularity and Complexity: An Examination of the Effects of Product Structure on the Intricacy of Production Systems
- Yoon Hee Kim — University of Wisconsin
The Effect of Operations Strategy on Supplier-Customer Relationships and the Suppliers' Financial Performance
The objective of ISM's Doctoral Dissertation Grant Program, which has funded one or more Doctoral Dissertation Grants since 1960, is to produce useful research that can be applied to supply management, and to support high-potential doctoral candidates who will teach and conduct research in supply management. A key criterion for selecting grant recipients is that their dissertations have direct value and implications for the purchasing and supply management function. Additional information on application procedures for ISM's Doctoral Dissertation Grant Program is available online.
The ISM Board also approved the following Senior Research Fellowship to support outstanding research in supply management by:
- Assistant Professor Tobias Schoenherr — Michigan State University
Electronic Procurement — Context, Practice, Bundles and Performance
The objective of the $5,000 grant is to support emerging, high-potential scholars who teach and conduct research in supply management, and to help produce useful research that can be applied to the advancement of supply management.
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|ISM Board of Directors Appoints New Corporate Secretary
The Board of Directors of the leading organization for supply management professionals, Institute for Supply Management™ (ISM), has appointed Senior Vice President Nora Pollard Neibergall, CPSM, C.P.M., to the position of corporate secretary.
Starting her career with ISM in 1994, Neibergall has held a number of increasingly responsible positions and now oversees ISM's educational program development, professional credentials, public relations, marketing and sales efforts. She is a Certified Professional in Supply Management® (CPSM®).
Prior to joining ISM, Neibergall earned her Certified Purchasing Manager (C.P.M.) credential and was employed in supply management at technology and retail organizations. Neibergall holds a BS from the University of Arizona and an MBA from Arizona State University.
ISM Bylaws stipulate a 15-member Board of Directors. ISM's leadership-based Board is made up of business leaders who hold senior-level positions throughout the world. The complete ISM Bylaws can be accessed on the ISM Web site, click here.
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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: QUALITY ASSURANCE.
Definition: Management function that includes establishing specifications that can be met by suppliers; utilizing suppliers that have the capability to provide adequate quality within those specifications; applying control processes that assure high-quality products and services; and developing the means for measuring the product, service, and cost performance of suppliers and comparing it with 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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