|In This Issue ...
- October Non-Manufacturing ISM Report On Business®: NMI at 50.6% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- ISM Sustainability and Social Responsibility Conference" — Read more.
- Learn Services Procurement Strategies for Today's Tough Economy — Read more.
- The ISM and NBTA Summit on Travel, Meetings & Supply Management — Read more.
- CPSM® Diagnostic Practice Exam Helps Focus Your Study — 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.
|October Non-Manufacturing ISM Report On Business®: NMI at 50.6%
Economic activity in the non-manufacturing sector expanded in October for the second consecutive month, 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 50.6 percent in October, 0.3 percentage point lower than the 50.9 percent registered in September, indicating growth in the non-manufacturing sector for the second consecutive month, but at a slightly slower rate. The Non-Manufacturing Business Activity Index increased 0.1 percentage point to 55.2 percent. This is the third consecutive month this index has reflected growth since September 2008. The New Orders Index increased 1.4 percentage points to 55.6 percent, and the Employment Index decreased 3.2 percentage points to 41.1 percent. The Prices Index increased 4.2 percentage points to 53 percent in October, indicating an increase in prices paid from September. According to the NMI, nine non-manufacturing industries reported growth in October. Respondents' comments remain mixed and are mostly cautious about business conditions and the overall economy."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing PMI Hits 39-Month High in October
At 54.4 in October, the JPMorgan Global Manufacturing PMI posted its highest reading since July 2006. The PMI has remained above the neutral 50.0 mark for four successive months. All of the national PMIs for the world's major economic regions covered by the survey — the US, the Eurozone, Japan, China, the UK, and India — were at levels consistent with growth.
The main factors underpinning the latest rise in the global PMI were substantial gains in output and new orders. The labor market also moved closer to a stabilization level, with the rate of job losses only marginal and the slowest since July last year.
For the complete JPMorgan release, 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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|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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|The ISM and NBTA Summit on Travel, Meetings & Supply Management
When: January 27-28, 2010
Where: Tampa, Florida
Whether you're challenged to increase services without an increase in your budget or your budget was cut, you need to maximize your 2010 travel and meeting spend. Gain expert insights from both procurement and travel management professionals.
The Summit is a dialogue between high-level travel and procurement professionals. It's a unique forum for travel and meetings managers and those in procurement with supervisory oversight of travel and meetings to collaborate and share insights.
Explore how to maximize your 2010 travel and meetings spend at this high-level, two-day summit. Highlighted sessions include:
- The View from the Top
- The Sacred Cows Go Home
- Economic Outlook
- The Future of Work
- The Art of the Deal
- The Metrics of Value
- The Right Model
Register on or before December 18, 2009 for $895. After December 19, 2009, registration costs $995.
For conference information, to view the agenda or to register, click here.
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|CPSM® Diagnostic Practice Exam Helps Focus Your Study
Institute for Supply Management™ (ISM) has released the much anticipated CPSM® Diagnostic Practice Exam, Web version. It is designed to help candidates focus their study efforts by identifying areas of supply management that need strengthening — right from their computers. The Diagnostic Practice Exam provides a sample test for the CPSM® Exam(s) with automatic scoring and correct answers, including justifications and references for further study. The Web-based CPSM® Diagnostic Practice Exam more closely simulates the test-taking environment than its print equivalent and is used along with the CPSM® Study Guide.
The Certified Professional in Supply Management® (CPSM®) gives supply professionals a career edge as well as an enhanced ability to see the big picture to impact their organization's supply operation. The CPSM® surpasses the demands of the international marketplace with multifaceted skills in areas such as supplier relationship management, commodity management, risk compliance issues and social responsibility.
For questions on the CPSM®, contact ISM Professional Credentials or visit the ISM Web site.
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|Term of the Day
Today's ISM Term of the Day is: BUYER'S MARKET.
Definition: A competitive market condition in which supply exceeds demand and the economic forces of business cause prices to be close to the purchaser's estimate of value.
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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