|In This Issue ...
- August Non-Manufacturing ISM Report On Business®: NMI at 48.4% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Learn Services Procurement Strategies for Today's Tough Economy — Read more.
- ISM Sustainability and Social Responsibility Conference® — Read more.
- September is the Final Month to Enter Richter Awards Competitiony — 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.
|August Non-Manufacturing ISM Report On Business®: NMI at 48.4%
Economic activity in the non-manufacturing sector contracted in August, 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 48.4 percent in August, 2 percentage points higher than the 46.4 percent registered in July, indicating contraction in the non-manufacturing sector for the 11th consecutive month but at a slower rate. The Non-Manufacturing Business Activity Index increased 5.2 percentage points to 51.3 percent. This is the first time this index has reflected growth since September 2008. The New Orders Index increased 1.8 percentage points to 49.9 percent, and the Employment Index increased 2 percentage points to 43.5 percent. The Prices Index increased 21.8 percentage points to 63.1 percent in August, indicating a substantial increase in prices paid from July. According to the NMI, six non-manufacturing industries reported growth in August. Respondents' comments are mixed about business conditions and the overall economy; however, there is an increase in comments indicating that there are signs of improvement going forward."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global PMI Rose Above 50.0 for First Time since May 2008
The rebound of the global manufacturing sector continued to gain traction in August. At 53.1, up from 50.0 in July, the JPMorgan Global Manufacturing PMI posted it highest reading for twenty-six months and rose above the neutral 50.0 mark for the first time since May 2008.
Production increased for the third month running in August and at the fastest pace for forty months. The expansion was broad-based by nation, with gains especially marked in the US (growth at a near four-year high), Japan (three-and-a-half year high), and emerging Asian economies. The rate of expansion in China hit a 22-month peak, but in India eased to the weakest in the current period of recovery.
For the complete JPMorgan release, click here.
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|Learn Services Procurement Strategies for Today's Tough Economy
What: 10th Annual ISM Services Conference
When: December 3-4, 2009
Where: Pointe Hilton Tapatio Cliffs Resort (Phoenix, Arizona)
The 10th Annual ISM Services Conference offers lessons learned over the last decade, and real-world accomplishments from some of the world's most visible and successful organizations. During the two-day Conference, the following breakout sessions will be offered:
- Practical Ways to Select and Manage Service Suppliers in a Challenging Economy
- Putting Service Back into Services Procurement!
- Developing an Effective Strategic Procurement Plan
- Developing a Well-Defined Program to Manage Contingent Workers
- Six Sigma Applications in the Indirect Sourcing Process
- Academy Award Performances: Big Screen Lessons for Supply Chain Professionals
- Reviewing the Contract: What to Look For in the Terms and Conditions
- Outsourcing: When, Why and How to Manage
- High-Quality Service Delivery: Collaboration — The Ultimate KPI
- End-to-End Supplier Management in a Telecom Environment
- A Practical Guide to Agency Compensation Assessment and Benchmarking
- Procurement's Value in the Midst of Mergers & Acquisitions
All sessions will take place at the Pointe Hilton Tapatio Cliffs Resort, 11111 N. 7th St., Phoenix, AZ 85020. For reservations, call (602)866-7500. Be sure to mention ISM to receive the special room rate of $169 Single/Double. The ISM rate is offered until November 8, 2009. Rooms sell out quickly, so be sure to reserve your room early.
For complete details or to register, click here.
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|ISM Sustainability and Social Responsibility Conference
When: November 5-6, 2009
Where: Marriott Inn and Conference Center UMUC* (Adelphi, Maryland) — a LEED-Certified facility
- Get past the hype to the nuts and bolts and the bottom line.
- Discover best practices in sustainability and social responsibility.
- Follow the trail as you discover how organizations have taken sustainability and social responsibility from concept to execution.
Whether your organization is in manufacturing or the services sector, it's time to discover the benefits of a socially responsible organization. Find out how social responsibility and sustainability strategies have benefited other organizations. These sessions are presented by the cream of the crop in supply management.
Learn how other organizations have embraced social responsibility and turned it into an effective business practice for everyone. Sustainability is here to stay, and your organization's level of commitment can make or break your bottom line.
Who Should Attend
- Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives.
- Supply management professionals might want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success.
- Corporate sustainability and social responsibility initiatives are holistic strategies that involve the entire organization, from the CEO to administrative support.
Sustainability — the ability to meet current needs without hindering the ability to meet the needs of future generations in terms of economic, environmental and social challenges.
Social responsibility — a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization and the community in the following areas: community, diversity and inclusiveness — supply base, diversity and inclusiveness — workforce, environment, ethics, financial responsibility, human rights, health and safety, and sustainability.
Attend this pre-conference seminar and double your strategic takeaways:
What: Finance for the Supply Management Professional
When: November 3-4, 2009
Register for the pre-conference seminar and the SSR Conference and save $200 on the complete package. Attend both programs and pack in as much value and working knowledge as you can in one trip.
Visit the ISM Web site for a complete outline of this valuable seminar, click here.
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|September is the Final Month to Enter Richter Awards Competition
Institute for Supply Management™ (ISM) is accepting entries for the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management. Deadline for applications via ISM's Web site is September 18, 2009.
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. The competition recognizes organizations that raise the bar and bring supply management best practices to the forefront. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact.
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.
Multiple entries are welcomed in one or more of the following categories:
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; and implementing continuity contingency plans to manage natural disasters, terrorist actions and the like.
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. Winning organizations agree to present a Conference session describing their project. 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 at email@example.com.
For full category descriptions and information on how to apply for the 2010 awards, visit the ISM Web site: click here.
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|Term of the Day
Today's ISM Term of the Day is: COMPUTER-AIDED DESIGN.
Definition: The use of computers in interactive engineering drawing and storage of designs. Programs complete the layout, geometric transformations, projections, rotations, magnifications and interval (cross-section) views of a part and its relationship with other parts.
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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