|In This Issue ...
- May Non-Manufacturing ISM Report On Business®: NMI at 55.4% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- ISM to Hold Sustainability & Social Responsibility Conference November 4-5, 2010 — Read more.
- Highest Honor in Supply Management Presented to Hilton Worldwide Exec — Read more.
- No-Cost Web Seminar June 24: Tackling the Procurement of Complex Services — Read more.
- ISM's Materials Management Group Receives Excellence Award — Read more.
- First Cohort Graduates, Celebrates ISM Approved Master's — 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.
|May Non-Manufacturing ISM Report On Business®: NMI at 55.4%
Economic activity in the non-manufacturing sector grew in May for the fifth 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 55.4 percent in May, the same percentage as registered in both April and March, indicating continued growth in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 0.8 percentage point to 61.1 percent, reflecting growth for the sixth consecutive month. The New Orders Index decreased 1.1 percentage points to 57.1 percent, and the Employment Index increased 0.9 percentage point to 50.4 percent, reflecting growth for the first time after 28 consecutive months of contraction. The Prices Index decreased 4.1 percentage points to 60.6 percent in May, indicating that prices are still increasing but at a slower rate than in April. According to the NMI, 16 non-manufacturing industries reported growth in May. Respondents' comments remain mostly positive about current business conditions and the general direction of the economy."
To read the entire release, click here.
Back to Top
|Latest JPMorgan Global PMI: Global Report on Manufacturing
Manufacturing Recovery Supported Fastest Jobs Growth in Six Years
The JPMorgan Global Manufacturing PMI fell slightly from April's near-record high of 57.8 to 57.2 in May. Although signaling a slight easing in the overall rate of expansion, this was still the second-fastest rate of growth during the past six years.
Manufacturing output expanded for the twelfth consecutive month in May. Although the rate of increase eased from April's 75-month high, it was amongst the fastest recorded in the survey history.
For the complete JPMorgan release, click here.
Back to Top
|ISM to Hold Sustainability & Social Responsibility Conference November 4-5, 2010
Discover how top leaders in supply management are implementing the numerous concepts of sustainability. Register online now for the 3rd Annual ISM Sustainability and Social Responsibility Conference, on November 4-5, 2010 at Disney's Yacht Club Resort in Lake Buena Vista, Florida. Presented by Institute for Supply Management™ (ISM), the conference features cream-of-the-crop presenters from multinational companies, nongovernmental organizations (NGOs) and the legal field:
- Cathy A. Rodgers, IBM vice president, global business development, IBM Global Services, chair of ISM Sustainability and Social Responsibility Committee
- Mark Snyderman, senior knowledge leader, LRN
- Joan N. Kerr, M.S.W., J.D., director, supplier diversity/development, Pacific Gas & Electric Company
- Rennie Alston, president, American River International, Ltd.
- Richard Z. Donovan, senior vice president and vice president of forestry division, Rainforest Alliance
- Randy Watson, partner, A.T. Kearney, Inc.
- Ben R. Jordan, director, supplier sustainability, global procurement & trading, The Coca-Cola Company
- Michael A. Levine, shareholder, Epstein, Becker & Green, PC
- DeLynne Ano, director, supplier diversity & sustainability, The Walt Disney Company
- Regina O. Edwards, J.D., director, supply chain compliance, MeadWestvaco
- Drew Schramm, senior vice president, global supply management, Herman Miller, Inc.
- Judy Baranowski, AlixPartners, LLP
The one-and-a half day program offers nine educational sessions, including two panel discussions. Thursday's panel discussion, "Corporate Responsibility Challenges of the Global Leader in Licensing," promises unique insights from The Walt Disney Company team members, who will provide first-hand perspectives on issues global manufacturers are facing.
For information regarding registration, the pre-conference seminar and hotel accommodations, click here.
Back to Top
|Highest Honor in Supply Management Presented to Hilton Worldwide Exec
On April 27, 2010, Anthony S. Nieves, C.P.M., A.P.P., CFPM, accepted his profession's highest honor at the Institute for Supply Management™'s (ISM) 95th Annual International Supply Management Conference and Educational Exhibit. Nieves accepted the J. Shipman Gold Medal Award in San Diego, in recognition of modest, unselfish, sincere and persistent efforts for the advancement of supply management.
In his acceptance speech, Nieves expressed his gratitude. "I am truly honored in receiving this award," he says. "I am able to receive this award because of the efforts and support by my family, my team members at Hilton Worldwide, the ISM staff and the many colleagues throughout the profession."
Nieves is senior vice president — supply management for Hilton Worldwide. Like Johnson Shipman, for whom the award is named, Nieves' "modest, unselfish, sincere and persistent efforts for the advancement of purchasing and supply management" are recognized and admired by ISM members and volunteers, colleagues at Hilton Worldwide and the larger business community.
Over his 26-year career in hotels/hospitality, Nieves has held increasingly responsible positions with Hilton Worldwide. Upon assuming his present position with Hilton in 1998, Nieves integrated the various supply management activities of the company into a consolidated discipline providing end-to-end supply management solutions. With the acquisition of Promus Hotel Corp. in 1999, Nieves successfully merged the two companies' supply management departments, renamed and repositioned the division to reflect more accurately the responsibilities and deliverables of the discipline and restructured its business model to achieve more savings for the hotels and add more value to the company.
Nieves has held numerous volunteer leadership positions with several of ISM's affiliates, groups and forums. He is a founding committee member of ISM's Services Group and a founding/longtime member of ISM's Hospitality Supply Management Forum. Nieves served on the ISM Board of Directors for six years, including a two-year term as Board Chair from 2003 to 2005. Since June 2006, Nieves has served as chair of ISM's Non-Manufacturing Business Survey. In that role, he is responsible for providing the analysis of the ISM Non-Manufacturing Report On Business®, a leading indicator of the economy issued on the third business day of every month.
The J. Shipman Gold Medal Award was created by the Purchasing Management Association of New York in 1931 to honor Johnson Shipman, a pioneer in the profession.
For information on other J. Shipman Gold Medal Award winners, click here.
Back to Top
|No-Cost Web Seminar June 24: Tackling the Procurement of Complex Services
Date: Thursday, June 24, 2010
Time: 1 p.m. EDT / 10 a.m. PDT
Duration: 60 minutes
As organizations outsource more and more services (including IT, contingent labor, facilities management, business consulting and marketing), these complex categories have become increasingly attractive targets for improving the bottom line. Services are traditionally more difficult to manage than goods; they are fundamentally complex, purchased across the enterprise and, in some cases, regarded as "sacred cows" that shouldn't be centrally controlled.
Transformative leaders are employing innovative technologies to break through the many barriers associated with procuring complex services. By implementing an integrated platform —from spend analysis, strategic sourcing and contract management, to services procurement and supplier risk — today's leading enterprises are gaining strategic value and sustainable savings from services categories.
Join Forrester and industry practitioners for a one-hour interactive panel discussion to learn how:
- End-to-end strategic supply management can deliver hard-cost savings and provide the visibility, control and automation of the services supply chain.
- Spend analysis can help you identify the size of the prize across all types of services spend.
- To source high profile services that can reduce costs.
- Contract management can help structure strong contracts with service providers.
- To realize sourced and negotiated savings.
Presenter / Moderator:
- Patrick Connaughton
- Jim Holbel
Subject Matter Expert for Services Procurement
(View a video of Holbel discussing services procurement.)
- Sean Correll
Director, Consulting Services
Attendance of the live session of this Web seminar qualifies for one CEH credit at ISM.
As of April 1, 2010, all ISM Web Seminar registrants are required to register individually for each online event to qualify for the CEH credit. Those wishing to view presentations with a group must register individually and also provide the registrant's (group leader) email address under which the event will be viewed. View ISM's Web seminar participation details and instructions online.
To register, or for more details, click here.
Back to Top
|ISM's Materials Management Group Receives Excellence Award
On April 26, 2010, Institute for Supply Management™ (ISM) honored its Materials Management Group as 2009 Group or Forum of the Year. ISM officially recognized Group and Forum excellence at a Volunteer Appreciation Breakfast during its 95th Annual International Supply Management Conference and Educational Exhibit in San Diego.
Materials Management Group Chair Karl Harward, MBA, says the honor represents a culmination of efforts of the group's past and present board members. "We have had amazing success with our seminars, workshops and conferences in the face of financial difficulties and market downturn," he says. "It's inspiring to participate as a leader and a member of such a hard-working group."
According to Harward, some of the goals and objectives of the Materials Management Group are to promote professional development, best practices and networking opportunities by providing educational opportunities in all areas of supply management, including various topics on: purchasing, production planning, inventory management, warehousing, traffic and transportation. "Our board has many educated and interesting speakers, who attract many attendees and, as a result, our seminars have been a great success," Harward says. "We are always interested in opportunities to co-sponsor engaging speakers and events with other local ISM affiliates, groups and forums."
ISM Groups and Forums Excellence Awards recognize those Groups and Forums that demonstrate excellence in their professional operations, educational offerings, recruitment, training and retention efforts, while at the same time communicating the value and prestige of ISM and the supply management profession. Two Groups or Forums met the level of excellence for 2009. They are:
Back to Top
|First Cohort Graduates, Celebrates ISM Approved Master's
Eleven supply management professionals are the first to complete the ISM Approved Master of Science in Supply Chain Management (MS-SCM), granted by the University of San Diego (USD) School of Business Administration. Graduating students delivered project presentations, showing significant cost savings and process improvements, on March 18-19, 2010, followed by a graduation ceremony on March 20, 2010, held at USD's Douglas F. Manchester Executive Conference Center. Graduates come from the following companies: Biogen Idec; The Boeing Company; Milestone IT Solutions, Inc.; ModusLink Global Solutions, Inc.; Northrop Grumman Corporation; Salt River Project; United Launch Alliance, LLC.; and WD-40 Company.
The ISM Approved MS-SCM program combines state-of-the-art online learning with face-to-face instruction over 26 months. Students spend 11 days each year on the USD campus working intensively with faculty and their co-learners. The March 2010 graduates embarked on their studies in February 2008, as part of a larger cohort that began a two-phase program.
"These graduates are in a class by themselves, as the first students in the first graduate-level program to receive ISM approval," says ISM CEO Paul Novak, CPSM, C.P.M., A.P.P. "The interdisciplinary nature of the specialized master's degree rewards professionals for their commitment to lifelong learning and allows them to forge strong professional networks — both of which are major components to career success and advancement."
MS-SCM Program Director and Professor Simon Croom, Ph.D., underlies the value of the program to companies. "Throughout the program, our graduates develop the capabilities that help their firms to reduce costs, bring products to market more quickly and develop new systems to compete successfully in today's global economy," Croom says.
Students have the option to complete Phase I of the program, achieving a Graduate Certificate in Supply Chain Management. Most students chose to matriculate into Phase II to complete the ISM Approved MS-SCM. The 17th cohort of the ISM Approved program began on USD's campus earlier this month. The next group will begin September 15, 2010.
The ISM Approved MS-SCM is the only U.S. degree that is accredited by the Chartered Institute for Purchasing and Supply (CIPS).
Enrollment requirements for the MS-SCM can be found on the University of San Diego School of Business Administration Web site.
Back to Top
|Term of the Day
Today's ISM Term of the Day is: Letter of Credit (LC).
Definition: A document that assures the seller that payment will be made by the bank issuing the letter of credit upon fulfillment of the terms of the sales agreement.
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.
Back to Top
|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, and 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.
Back to Top