|In This Issue ...
- July Non-Manufacturing ISM Report On Business®: NMI at 46.4% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Mark Your Calendar for a Free August 19 ISM Webinar — Read more.
- Save the Date for the ISM Sustainability and Social Responsibility Conference — Read more.
- Apply Now for ISM R. Gene Richter Awards — 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.
|July Non-Manufacturing ISM Report On Business®: NMI at 46.4%
Economic activity in the non-manufacturing sector contracted in July, 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 46.4 percent in July, 0.6 percentage point lower than the 47 percent registered in June, indicating contraction in the non-manufacturing sector for the 10th consecutive month, at a slightly faster rate. The Non-Manufacturing Business Activity Index decreased 3.7 percentage points to 46.1 percent. The New Orders Index decreased 0.5 percentage point to 48.1 percent, and the Employment Index decreased 1.9 percentage points to 41.5 percent. The Prices Index decreased 12.4 percentage points to 41.3 percent in July, indicating a significant decrease in prices paid from June. According to the NMI, seven non-manufacturing industries reported growth in July. The majority of respondents' comments reflect a sense of uncertainty and cautiousness about business conditions."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Upturn in Output Gained Traction as New Orders Recovered
At 50.0 in July, the JPMorgan Global Manufacturing PMI indicated that operating conditions stabilized following a sustained period of weakness. PMIs remained above 50.0 in China, India and Turkey and rose back above this level in Japan and the UK for the first time in 17 and 16 months respectively.
The Global Manufacturing Output Index rose to an 18-month high in July. The index has recovered strongly since hitting a record low in December last year. At a twenty-month high of 53.3, the Global Manufacturing New Orders Index pointed to an increase in new work received for the first time since March 2008. International trade volumes rose slightly in July, following ten months of sustained decline.
For the complete JPMorgan release click here.
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|Mark Your Calendar for a Free August 19 ISM Webinar
What: Services Spend Management — Effectively Managing Indirect Services and Contingent Labor Across the Enterprise
Date: Wednesday, August 19, 2009
Time: 1 p.m. EDT / 10 a.m. PDT
Don't miss this no-cost, one-hour STREAMING ONLY Web event hosted by ISM and sponsored by Emptoris.
Representing more than 50 percent of an organization's annual spend, services spend management remains a complex challenge for many companies. For the most part, indirect spend tends to be decentralized, unmanaged and driven by purchasing decisions based on relationships rather than price. In today's economy, effective services spend management is critical to the bottom line and is top of mind for executives from finance to procurement to HR.
Please join us for a discussion around trends in the services procurement marketplace and the benefits of employing a services management solution. The webcast will feature Subs Tripathy, director of strategic sourcing at Novartis; Jason Busch of the spend management blog, "Spend Matters"; and Kevin Potts, vice president of marketing and product management for Emptoris.
During this session, you will learn:
- How a services management solution delivers visibility and control over difficult-to-manage areas, including the complex contingent labor category.
- Trends in services procurement and how to successfully manage the nuances of indirect spend categories.
- Best practices to capture savings across a wide variety of services categories, such as contingent labor, IT services and maintenance.
- Subs Tripathy
Director, Strategic Sourcing
- Jason Busch
Managing Director, Azul Partners & Editor
- Kevin Potts
Vice President of Marketing and Product Management
- Terri Tracey, CAE
Vice President, Technology and Publications
Inside Supply Management®
This Web Seminar qualifies for one CEH credit at ISM. Register online, click here.
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|Save the Date for the ISM Sustainability and Social Responsibility Conference
Dates: November 5-6, 2009
Location: Adelphi, MD
Details are forthcoming. Sign up now to receive program information by e-mail, click here.
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|Apply Now for ISM R. Gene Richter Awards
For the past four years, Institute for Supply Management™ (ISM) has recognized innovative supply organizations that through strong leadership have dramatically increased their contribution to organizational success. ISM is now accepting entries for the fifth annual ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management. The award competition was created to honor the vast professional contributions of R. Gene Richter, who was a pioneer in the field of supply management.
The ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management are open to supply management departments of all sizes and geographic locations, both domestic and international. ISM is accepting entries through an online submission process from July 1 to September 18, 2009. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact. Multiple entries are welcomed in one or more of the following categories: Process, People, Organization/Structure, Technology and Sustainability.
The fifth category — Sustainability — is new for the 2010 competition. In its broadest sense, sustainability includes principles of social responsibility. Examples include: Supply management's role, both internally and externally across practices, products, services and business philosophies; developing measurements and results-reporting capabilities and action plans; implementing continuity contingency plans to manage natural disasters, terrorist actions, and the like.
For the 2010 awards, the project/initiative must either (1) have been completed and/or implemented or (2) have measurable outcomes within the date range of October 1, 2006 through September 30, 2009. An application fee of $1,000 per organization is required for 2010 award applications. Organizations that submit multiple applications will only be charged this fee once, regardless of the number of applications they submit.
Richter award recipients will be notified in January 2010 and will be honored at an awards dinner on Sunday, April 25, 2010 at the ISM Annual International Supply Management Conference and Educational Exhibit in San Diego, California. Winning organizations agree to present a Conference session describing their project. The 2010 award winners will join an esteemed group of previous winning organizations including: Alltel Wireless; BP p.l.c.; DaimlerChrysler; Fluor-Hanford; HP; Johnson & Johnson; KLA-Tencor; Lockheed Martin Aeronautics Company; Masco Corporation; Pfizer Inc; Rockwell Collins; Royal KPN Telecom; and the U.S. Postal Service.
Questions regarding the awards may be directed to Terri Tracey, CAE, at 800/888-6276, extension 3071 (or, for callers outside the United States, +1 480/752-6276, extension 3071), or by e-mail.
For full category descriptions and information on how to apply for the 2010 awards, click here.
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|Term of the Day
Today's ISM Term of the Day is: LONG-TERM DEBT.
Definition: Debt that becomes due after more than one year.
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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