|In This Issue ...
- February Non-Manufacturing ISM Report On Business®: NMI at 53% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- March is Supply Management Month! — Read more.
- March 10 Webinar: "Enabling Next-Generation ePurchasing" — Read more.
- ISM Offers Student Rate for 95th Conference — Read more.
- Industry Spotlights Are New for ISM 95th Conference — Read more.
- Discover New Strategies in Hospitality Supply Management — 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.
|February Non-Manufacturing ISM Report On Business®: NMI at 53%
Economic activity in the non-manufacturing sector grew in February 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 Worldwide. "The NMI (Non-Manufacturing Index) registered 53 percent in February, 2.5 percentage points higher than the seasonally adjusted 50.5 percent registered in January, indicating growth in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 2.6 percentage points to 54.8 percent, reflecting growth for the third consecutive month. The New Orders Index increased 0.3 percentage point to 55 percent, and the Employment Index increased 4 percentage points to 48.6 percent. The Prices Index decreased 0.8 percentage point to 60.4 percent in February, indicating an increase in prices paid from January. According to the NMI, nine non-manufacturing industries reported growth in February. Respondents' comments vary by industry and company about business conditions."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing Recovery Continued In February
The recovery in the global manufacturing sector continued in February. At 55.2, down slightly from 56.1 in January, the JPMorgan Global Manufacturing PMI posted its second-highest reading in almost four years. The average reading so far in Q1 2010 (55.7) is above that for Q4 of last year (54.2).
The headline Manufacturing PMI has remained above the no-change mark of 50.0 for eight successive months.
At 57.4 in February, down from 60.2 in January, the Global Manufacturing Output Index signaled an expansion in production for the ninth month running. Although the lowest reading in three months, it was still consistent with a marked increase in production and well above the series average.
For the complete JPMorgan release, click here.
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|March is Supply Management Month!
Each year in March, Institute for Supply Management™ (ISM) demonstrates its commitment to lead supply management by encouraging month-long celebrations and awareness activities showcasing the importance of the profession. Supply Management Month is a time of year when professionals around the world — regardless of job title, organizational role or even membership status in ISM — can play an important role in celebrating and promoting supply management.
Supply managers' capabilities and responsibilities have seen unprecedented growth in importance in recent years. Never before have supply managers been asked to do so much and take on as much responsibility as they do now. Supply Management Month is a perfect time to celebrate ... and educate others about who we are and what we do.
For more information, click here.
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|March 10 Webinar: "Enabling Next-Generation ePurchasing"
What: Webinar — "Enabling Next -Generation ePurchasing With Automated Spend Analysis, Part 1"
Date: Wednesday, March 10, 2010
Time: 2 p.m. EST / 11 a.m. PST
Length: 60 minutes
- Patrick Connaughton
- Bikash Mohanty
Senior Manager — Product Marketing
Maverick spend burning a hole in your budget?
Standalone contract management solutions enable you to get a grip of your spend. However, to gain maximum rewards from your efforts, it is essential to link and track your negotiated contracts — as well as new contracts — with your existing spend analysis solution. In fact, it could well be the last piece of the jigsaw puzzle that spend management sometimes can be.
A spend analysis solution needs to be the bedrock on which strong sourcing and purchasing systems are built. The integration and exchange of actionable data between disparate systems can be one of the main challenges facing many procurement teams across leading organizations.
Attendance of the live session of this Web Seminar qualifies for one CEH credit at ISM.
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|ISM Offers Student Rate for 95th Conference
Institute for Supply Management™ (ISM) welcomes students interested in attending its 95th Annual International Supply Management Conference and Educational Exhibit. This year's Conference will be held in San Diego, April 25-28, 2010 at the San Diego Convention Center. ISM's discounted student rate of USD $250 provides complete Conference registration, including educational sessions, meal functions and the Exhibit Hall. In addition, student attendees are invited to attend an evening of free networking and fun on Monday, April 26, 2010 at the 3rd Annual ISM Student Reception.
Students who are entering the field of supply management may be studying business, purchasing/supply management, logistics, management, operations management or related curriculums. College students who wish to take advantage of the discounted 2010 ISM Conference rate must be active ISM student members. ISM offers dues-free membership to students who are enrolled in an accredited community college or four-year college or university. To secure a dues-free membership in time to register for the ISM Conference, download the special application available on the ISM Web site:
Mail the completed application, along with your school-issued class schedule for the current semester showing full-time status. For more information, contact ISM at 800/888-6276, option 8.
The Conference Navigator — containing inside information on all Conference events, including the Industry Spotlights, the Career Center Exhibit Hall and more — is available online.
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|Industry Spotlights Are New for ISM 95th Conference
Take the first step toward tapping your suppliers for innovation. Join us in the Exhibit Hall at ISM's 95th Annual International Supply Management Conference and Educational Exhibit in San Diego, April 25-28, 2010. This year's Conference marks the launch of Industry Spotlights. These mini educational sessions are filled with applications you can use when you return to the office.
Industry Spotlights are conducted by senior executives from some of the ISM Conference's major sponsoring organizations. Speakers are available to answer questions after their sessions. Don't miss this opportunity to connect with leaders in their field, who are well-versed in their unique products and solutions. Detailed information is available online.
The following Industry Spotlights take place on Monday, April 26, 2010 in Hall D of the San Diego Convention Center:
- 8:30 a.m. - 8:50 a.m. | Presented by American Express
Gregory A. Laufer, vice president, B2B product management, Global Commercial Card presents "How Payment Automation Can Impact Your Bottom Line."
- 9 a.m. - 9:20 a.m. | Presented by Office Max
Reuben Slone, executive vice president, supply chain, presents "The New Supply Chain Agenda: The Five Steps That Drive Supply Chain Excellence."
- 2 p.m. - 2:20 p.m. | Presented by BC Hydro
Tony Morris, CA, C.B.V., acting chief procurement officer, presents "Responding to Significant Change: BC Hydro Power's Procure-to-Pay Excellence."
- 2:30 p.m. - 2:50 p.m. | Presented by Concur
Christopher A. Juneau, CTE, senior director, segment marketing, presents "Gaining Control, Compliance and Visibility Into Employee T&E Spending."
- 5 p.m. - 5:20 p.m. | Presented by Oracle
David Hope-Ross, senior director, procurement and SCM, presents "Having Your Cake and Eating It Too: Positioning Procurement to Boost Cash and Margins."
- 5:30 p.m. - 5:50 p.m. | Presented by Travelocity Business
Deanne Dale, vice president, sales and account management, presents "Maximizing the Value of Your Corporate Travel Program."
For Conference registration, to download The Conference Navigator, check out hotel accommodations and more, visit the ISM Web site.
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|Discover New Strategies in Hospitality Supply Management
Hospitality Supply Management, an Institute for Supply Management™ (ISM) Forum, presents the 2010 Hospitality Supply Management Conference, May 19-21, 2010 in Downtown Chicago. The program features a wide variety of session topics specifically geared toward the supply management professional in the hospitality industry. Come prepared to learn about:
- Taking Responsibility for Food Safety in the Produce Industry
- Detecting and Preventing Supply Disruptions to Your Business
- Lean Supply Management: How to Do More With Less
- Using Collaborative Technology to Combat Costs
- Best Practices for Purchasing Energy in Deregulated Energy Markets
- Economic Outlook
"We invite supply management professionals in all segments of the hospitality sector to attend," says HSM Forum Chair Don Miller, C.P.M., CFPM. "Year after year, this event delivers relevant, updated content as well as networking opportunities that give our attendees unmatched opportunities to exchange best practices and explore new ideas."
Registration fee is $595 (USD) for ISM members and $795 (USD) for nonmembers registering before April 19, 2010. After April 19, 2010, add $200 (USD) to the registration fee. Student Member fee is $250 (USD). Team discounts and guest/spouse packages are available. To register by phone, contact ISM Customer Service at 800/888-6276, or 480/752-6276, option 8. Agenda and registration are available online.
The 2010 Hospitality Supply Management Conference takes place at the Hilton Chicago, 720 S. Michigan Ave., Chicago IL 60605. ISM would like to acknowledge the NRA (National Restaurant Association) for partnering on attendee accommodations for the ISM Hospitality Supply Management Conference. Please visit the NRA Web site for information on hotel rooms. Hotel rates have been reduced from last year, so attendees are encouraged to book early to secure the best rate. Travel discounts with major airlines are also available at the NRA Web site.
ISM Forums are comprised of members who are employed in a specific sector and come together for the sole purpose of exchanging information and ideas about supply management in that specific sector. Hospitality Supply Management Forum membership is limited to supply management professionals, including foodservice purchasing managers in the hospitality sector.
Visit the HSM Forum online.
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|Term of the Day
Today's ISM Term of the Day is: BUSINESS-TO-ENTERPRISE.
Definition: Sales, transactions or any activity between two businesses.
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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