Tuesday, July 6, 2010

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In This Issue ...
  • June Non-Manufacturing ISM Report On Business®: NMI at 53.8% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Xtreme Sourcing: A No-Cost Web Seminar Devoted to Next-Generation Savings — Read more.
  • Apply Now for Sixth Annual ISM R. Gene Richter Awards — Read more.
  • One Month Only — ISM Invites Workshop Proposals for Orlando 2011 — Read more.
  • Mark Your Calendars: 3rd Annual ISM Sustainability and Social Responsibility 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.

June Non-Manufacturing ISM Report On Business®: NMI at 53.8%

Economic activity in the non-manufacturing sector grew in June for the sixth 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 53.8 percent in June, 1.6 percentage points lower than the 55.4 percent registered in May, indicating continued growth in the non-manufacturing sector, but at a slightly slower rate. The Non-Manufacturing Business Activity Index decreased 3 percentage points to 58.1 percent, reflecting growth for the seventh consecutive month. The New Orders Index decreased 2.7 percentage points to 54.4 percent, and the Employment Index decreased 0.7 percentage point to 49.7 percent, reflecting contraction after one month of growth. The Prices Index decreased 6.8 percentage points to 53.8 percent in June, indicating that prices are still increasing but at a slower rate than in May. According to the NMI, 15 non-manufacturing industries reported growth in June. Respondents' comments are mostly positive about business conditions; however, there is concern about the effect of employment on the economic recovery."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Pace of Recovery Eased in June as Growth of New Orders and Output Slowed

Growth of the global manufacturing sector eased again in June. At 55.0, the JPMorgan Global Manufacturing PMI was down further from the near record high reached in April. Although the rate of improvement eased to its weakest in the year-to-date, it was still solid and above the series average.

Manufacturing production rose for the thirteenth month in a row in June. The rate of growth remained marked, but eased to its weakest since last November. The average reading for the Global Manufacturing Output Index (59.1) during Q2 2010 was the highest since Q2 2004.

For the complete JPMorgan release, click here.

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Xtreme Sourcing: A No-Cost Web Seminar Devoted to Next-Generation Savings

On July 29 at 11 a.m. EDT / 8 a.m. PDT, join Heinz Schäffer, CPO of multi-billion-dollar AXA Group, as he recalls his journey of elevating AXA to the next level of sourcing and procurement success. In this 60-minute Web seminar, Heinz will share his vision and proven strategies for leveraging organizations and breaking down traditional barriers to:

  • Deliver millions in sourcing savings
  • Provide measurable efficiency improvements
  • Reduce supplier risk
  • Engage active Finance and AP support.

Besides Schäffer, John Lark, senior product manager for Ariba, will be a featured speaker.

Attending the live session of this Web Seminar qualifies for one Continuing Education Hour (CEH) credit at ISM. Time is running out, so register online, click here.

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Apply Now for Sixth Annual ISM R. Gene Richter Awards

Institute for Supply Management™ (ISM) is inviting entries for the sixth annual ISM R. Gene Richter Awards for Excellence in Supply Management. The award competition was created to honor the vast professional contributions of R. Gene Richter, who was a pioneer in the field of supply management.

The ISM R. Gene Richter Awards for Excellence in Supply Management are open to supply management departments of all sizes and geographic locations, both domestic and international. ISM is accepting entries through an online submission process from July 1 — September 17, 2010. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact. Multiple entries are welcomed in one or more of the following categories: Process, People, Organization/Structure, Technology and Sustainability.

For the 2011 awards, the project/initiative must either (1) have been completed and/or implemented or (2) have measurable outcomes within the date range of October 1, 2007 through September 30, 2010.

An application fee of US$1,000 per organization is required for 2011 award applications. Organizations that submit multiple applications will only be charged this fee once, regardless of the number of applications submitted. The application fee will be used to build the R. Gene Richter Scholarship Fund.

Richter award recipients will be notified in January 2011 and will be honored at an awards dinner on Sunday, May 15, 2011 at the ISM Annual International Supply Management Conference and Educational Exhibit in Orlando, Florida. Winning organizations agree to present a Conference session describing their project. The 2011 award winners will join an esteemed group of previous winning organizations, including: Alltel Wireless; BP p.l.c.; DaimlerChrysler; Fluor-Hanford; HP; Johnson & Johnson; KLA-Tencor; LG Electronics; Lockheed Martin Aeronautics Company; Masco Corporation; Pfizer Inc; Rockwell Collins; Royal KPN Telecom; and the U.S. Postal Service.

Questions regarding the awards may be directed to Terri Tracey, CAE, at 800/888-6276, extension 3071 (or, for callers outside the United States, +1 480/752-6276, extension 3071), or by e-mail at richterawards@ism.ws.

For full category descriptions and information on how to apply for the 2011 awards, visit the ISM Web site, click here.

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One Month Only — ISM Invites Workshop Proposals for Orlando 2011

Institute for Supply Management™ (ISM) announces its Call for Presentations 2011. ISM's 96th Annual International Supply Management Conference and Educational Exhibit will take place in Orlando, Florida on May 15-18, 2011. ISM invites supply management professionals to tell their stories, share their successes and inspire others. Proposals for this well-known and respected Conference will be accepted from July 1-31, 2010.

ISM seeks proposals from supply management leaders representing all sectors of the field, including manufacturing, non-manufacturing, services, institutional and public. Creative and innovative approaches are also encouraged. Presenters should be prepared to share management successes, best practices, and tools and techniques with their audience. Most workshops are 60 minutes long and include a question-and-answer period for those who attend. More than 2,200 attendees are expected at the 2011 Conference — more than half of those will hold the title of manager or above.

For more information on the call process, click here.

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Mark Your Calendars: 3rd Annual ISM Sustainability and Social Responsibility Conference

When: November 4-5, 2010
Where: Lake Buena Vista, Florida

This year's program covers the full range of social responsibility, from sustainability and environmental issues, to global licensing, ethics and logistics. Sessions will address issues in sourcing and emerging issues in law. Don't miss the panel discussion featuring industry thought leaders who have implemented sustainable and socially responsible processes into their organizations. Use their insight to build and improve your sustainability programs.

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.

Institute for Supply Management™ Definitions

Sustainability: Sustainability is 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: Social responsibility is 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.

For conference information, the agenda, or to register, click here.

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Term of the Day

Today's ISM Term of the Day is: WEIGHT, TARE.

Definition: Combined weight of an empty container and packing materials.

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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To receive Just in ETime:

  • First, log into the ISM Web site using your username and password.
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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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