Tuesday, April 27, 2010
   


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In This SPECIAL Issue ...


ISM's Spring 2010 Semiannual Economic Forecast

Economic growth is expected to continue in the United States throughout the remainder of 2010, say the nation's purchasing and supply executives in their spring 2010 Semiannual Economic Forecast. Expectations for the remainder of 2010 have improved in both the manufacturing and non-manufacturing sectors.

Manufacturing Summary

Sixty-six percent of respondents predict revenues will be 12 percent greater, 13 percent expect an 11.1 percent decline, and 21 percent foresee no change. This yields significant expectations for growth in 2010, as manufacturers' net revenues are expected to increase 6.3 percent. This represents an improvement in expectations from December 2009 when the panel of supply management executives predicted a 5.7 percent increase in 2010 revenues compared to 2009. With operating capacity improving to 72.8 percent, an expected capital expenditure increase of 2 percent, and prices paid expected to increase 3.8 percent for the full year of 2010, manufacturers will be challenged to grow revenues and contain costs during the year. "Manufacturing is emerging from a period in which many companies lost significant volumes of business due to reduced demand. While excess capacity and meager capital investment are concerns, the forecast of revenue growth and improved employment will drive the continuation of the recovery," said Ore.

Non-Manufacturing Summary

Forty-four percent of non-manufacturing purchasing and supply executives expect their 2010 revenues to be greater by 6.4 percent than in 2009. Overall, respondents currently expect a 0.3 percent net increase in overall revenues, which is lower than the 1.3 percent increase that was forecast in December 2009. "Indications are that non-manufacturing has stabilized and is on track for slow and steady growth for the balance of 2010. Capital funding and employment will continue to be a concern in the non-manufacturing sector," Nieves said.

To read the entire release, click here.

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San Diego Conference's Online Daily

The Online Daily is where ISM has gathered all the links to this year's Annual Conference information. Here you'll find access to Conference workshop presentation materials; press releases on the Shipman, Richter and affiliate awards winners; and workshop summaries written by ISM staff writers. You'll also find the link to the 2010 Conference Proceedings.

To access the San Diego Conference's Online Daily, click here.

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It's Time to Renew Your Just in ETime Subscription

To ensure you keep receiving Just in ETime, take a moment to re-subscribe by Monday, May 3, 2010. Just click here to continue receiving this e-newsletter.

To manage your e-mail preferences:

  • First log into the ISM Web site using your username and password.
  • If you have never created a profile/account on the ISM Web site — or if you don't remember if you have an account — click "Log In" in the upper right-hand corner of the ISM Home Page.
  • Under "Log In," you will find a "Did you forget your username and password?" link. Click that link, and enter your e-mail address. (If you have more than one e-mail address, try each one.)
  • If you do have an account, the ISM system will e-mail you your username and password.
  • If, however, the system tells you the e-mail address was not found in our records, you will want to create a new account. Do this by clicking the "My Account" tab in the upper right-hand corner of the ISM Web site, followed by "Create New Account."
  • Once you've created your new account, proceed to the "Manage Newsletters" link, which is also found under the "My Account button" tab.
  • Finally, select Just in ETime from the list of available newsletters.

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Term of the Day

Today's ISM Term of the Day is: Customer Relationship Management (CRM).

Definition: An industry term for software solutions that help organizations manage customer relationships in an organized way and which includes all aspects of interaction an organization has with its customer, whether sales- or service-related.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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