|In This Issue ...
- December Non-Manufacturing ISM Report On Business®: NMI at 50.1% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- No-Cost Webinar January 21: "Building Competitive Advantage" — Read more.
- "Best Practices in Supply Management Professional Development" — No-Cost Web Seminar January 13 — Read more.
- The ISM and NBTA Summit on Travel, Meetings & Supply Management — Read more.
- January 31 Deadline Approaching for 2010 J. Shipman Award Nominations — Read more.
- Save the Date for Three Diversity Summits Next Month — Read more.
- Cisco Exec to Deliver Opening Keynote at ISM 2010 Annual Conference — 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.
|December Non-Manufacturing ISM Report On Business®: NMI at 50.1%
Economic activity in the non-manufacturing sector grew in December after one month of contraction, 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 Worldwide. "The NMI (Non-Manufacturing Index) registered 50.1 percent in December, 1.4 percentage points higher than the 48.7 percent registered in November, indicating growth in the non-manufacturing sector for three out of the last four months. The Non-Manufacturing Business Activity Index increased 4.1 percentage points to 53.7 percent, reflecting growth after contracting for one month. The New Orders Index decreased 3 percentage points to 52.1 percent, and the Employment Index increased 2.4 percentage points to 44 percent. The Prices Index increased 0.9 percentage point to 58.7 percent in December, indicating a slight increase in prices paid from November. According to the NMI, seven non-manufacturing industries reported growth in December. Respondents' comments vary by industry and, for the most part, are either neutral or slightly more optimistic about business conditions."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing PMI Ended 2009 at 44-Month High
The global manufacturing sector ended 2009 on a positive footing. The JPMorgan Global Manufacturing PMI posted 55.0 in December, up from 53.7 in November and its highest reading for 44 months. The headline PMI has remained above the neutral 50.0 mark in each of the past six months. Its average reading in Q4 2009 was the highest since Q3 2006.
After easing in November, rates of expansion improved for both new orders and production in December. Growth of new work received was the fastest in over five-and-a-half years, while the pace of increase in output neared October's 63-month high.
For the complete JPMorgan release, click here.
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|No-Cost Webinar January 21: "Building Competitive Advantage"
What: "Building Competitive Advantage: How DHL Leverages Technology to Unleash Supplier Innovation and Drive Value Across the Enterprise"
Date: January 21, 2010
Time: 1 p.m. EST/10 a.m. PST
Length: 60 minutes
With the global economy emerging from a deep recession, procurement professionals grapple with higher performance expectations more than ever. Supplier collaboration is increasingly more important to help organizations regain the profitability they enjoyed just a few years ago.
Leading procurement organizations have the right processes and technologies in place to regain their competitive advantage. They have raised the profile of procurement within their enterprises to better manage total costs and negotiate optimal contracts. They are also masters at engaging suppliers in relationships that drive profitability.
If your organization is not quite there, now is the time to take action. Join us for a live, interactive panel discussion where you'll learn:
- Practical supplier partnering approaches that encourage innovation
- How technology can give you a competitive advantage, both internally and externally
- Strategies to strengthen your supplier relationships to increase profitability
- Techniques to source high profile services that can reduce costs
- Wayne Evans
Sr. Vice President, Procurement
- Sven Blawatt
- Sean Correll
Global Director, Consulting Services
- Donavon Favre
Professor, Supply Chain Management
North Carolina State University
Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM:
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|"Best Practices in Supply Management Professional Development" — No-Cost Web Seminar January 13
Date: Wednesday, January 13, 2010
Time: 11 a.m. EST/8 a.m. PST
Host: The ISM-ADR School for Supply Management
Length: 60 minutes
When you register for this January 13 Web seminar, you'll get the ISM-ADR School for Supply Management's new, no-cost whitepaper, Best Practices in Supply Management Professional Development: Don't Train—Make an Investment and Expect a Return. The whitepaper focuses on the differences between ad hoc training and professional development, highlighting the investment rewards for professional development programs for key employees.
Supply management teams need to apply the same strategic approaches and discipline to their professional development as they do to the purchasing categories they manage. Unfortunately, many companies approach professional development as an ad hoc string of training courses. Employees may learn new skills, but without support, it is difficult to put those new skills to use.
A better approach is to target employee needs and provide a professional development program wherein learning experiences are put to use by providing long-term mentoring, coaching and monitoring progress.
Join Bill Michel and other members of the ISM-ADR School for Supply Management to discover why training may be considered an expense, but professional development is an investment with high returns and measurable results. You will learn:
- How "training" and "professional development" differ
- Elements of a professional development program
- The importance of a personal development plan (PDP)
- How to embed new skills into the workplace
- The ins and outs of measuring your return on investment.
Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM.
Participation details are available online.
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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 meetings 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
For conference information, to view the agenda or to register, click here.
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|January 31 Deadline approaches for 2010 J. Shipman Award Nominations
Institute for Supply Management™ (ISM) is currently accepting nominations for the J. Shipman Gold Medal Award and will continue taking nominations until January 31, 2010. The J. Shipman Gold Medal Award is presented annually to an individual whose persistent efforts have aided the advancement of supply management.
Johnson Shipman, a pioneer member of the New York affiliate of the National Association of Purchasing Agents, was well-known for giving liberally of his time and counsel. The award was established in 1931 to commemorate the contributions of Shipman, a man known for his vision, intellect and influence on important issues. The award is presented to those individuals whose modest, unselfish, sincere and persistent efforts have aided the advancement of the supply management field. Those chosen for the award have also assisted and guided members of the supply management profession in their endeavors.
The 2010 J. Shipman Gold Medal Award Winner will be honored at an awards luncheon on Tuesday, April 27, 2010 at ISM's 95th Annual International Supply Management Conference and Educational Exhibit in San Diego.
If you wish to nominate someone who has performed distinguished service for the cause and advancement of supply management as an innovator, community leader, mentor and teacher, please contact Janis Kellerman (email@example.com) at 800/888-6276, extension 3023 (or, for callers outside the United States, +1 480/752-6276, extension 3023). Nominees do not have to be ISM members.
For more information on previous Shipman medalists, click here.
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|Save the Date for Three Diversity Summits Next Month
Do you have a passion for supply management and value diversity and innovation? ISM helps you fuel the recovery at one of our diversity summits — Black Executive Supply Management Summit, Hispanic Supply Management Summit or Women Executive Supply Management Summit — in San Diego, California in February 2010.
Choose the program that resonates with you, or your organization's goals, for learning, sharing, mentoring and building your professional network. Attendees have access to sessions in all three programs, as space permits, for additional learning and networking opportunities. All summits will take place at the Omni San Diego Hotel.
February 2-4, 2010 — 7th Annual Black Executive Supply Management Summit (BESMS)
February 3-4, 2010 — 3rd Annual Hispanic Supply Management Summit (HSMS)
February 3-4, 2010 — 2nd Women Executive Supply Management Summit (WESMS)
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|Cisco Exec to Deliver Opening Keynote at ISM 2010 Annual Conference
Institute for Supply Management™ (ISM) announces supply chain performance leader Angel L. Mendez, senior vice president, customer value chain management for Cisco, will deliver the opening general session address at ISM's 95th Annual International Supply Management Conference and Educational Exhibit in San Diego, April 25-28, 2010 at the San Diego Convention Center.
Mendez will share wisdom gained from more than 24 years of experience in manufacturing and supply chain management assignments, on Sunday, April 25. He currently leads a global organization responsible for accelerating innovation and value for Cisco customers. His business background includes extensive international business experience in Canada, Europe, Latin America and Asia. Mendez was named by Business 2.0 Magazine to the "Business 2.0 Dream Team — All Star Executives any Company Would Kill For." In 2005, Hispanic Business Magazine placed him on its list of the "20 Most Influential Hispanic Executives in Corporate America."
Premiere Supply Management Event
For 94 years, ISM has consistently delivered practical essentials for a strong supply management career. ISM's 95th conference year is no exception, and includes a schedule with learning tracks that focus on risk management, best practices in supply management, logistics, leadership management and talent, and services procurement.
ISM's annual Conference attracts supply management professionals from multiple countries and industries. The four-day event offers numerous opportunities to:
- Gain practical applications
- Identify best practices you can use
- Find colleagues with similar challenges
- Dive into your job with renewed energy
- Connect with colleagues
Information about conference registration and hotel accommodations is available online.
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|Term of the Day
Today's ISM Term of the Day is: EQUITY BOOK VALUE.
Definition: Ownership interest in a corporation in the form of common stock or preferred stock. It also refers to total assets minus total liabilities, in which case it is also referred to as shareholder's equity or net worth or book 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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