Wednesday, November 3, 2010

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ISM's 11th Annual Services Conference

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In This Issue ...
  • October Non-Manufacturing ISM Report On Business®: NMI at 54.3% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Balance Your Talent Requirements — Read more.
  • Plan Ahead to Attend ISM's 3rd Annual Women Executive Supply Management Summit, "Transition and Transformation in the Supply Chain" — Read more.
  • Feature Article: CPSM® Update: 3 Questions, 3 Answers — Read more.
  • It's Easy to Subscribe to the Just in ETime Newsletter — Read more.
  • Term of the Day — Read more.
  • Contact Us — Read more.

October Non-Manufacturing ISM Report On Business®: NMI at 54.3%

Economic activity in the non-manufacturing sector grew in October for the 10th 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 54.3 percent in October, 1.1 percentage points higher than the 53.2 percent registered in September, and indicating continued growth in the non-manufacturing sector at a slightly faster rate. The Non-Manufacturing Business Activity Index increased 5.6 percentage points to 58.4 percent, reflecting growth for the 11th consecutive month at a substantially faster rate than in September. The New Orders Index increased 1.8 percentage points to 56.7 percent, and the Employment Index increased 0.7 percentage point to 50.9 percent, indicating growth in employment for the second consecutive month and the fourth time in the last six months. The Prices Index increased 8.2 percentage points to 68.3 percent, indicating that prices increased significantly faster in October. According to the NMI, 11 non-manufacturing industries reported growth in October. Respondents' comments remain mixed about business conditions and vary by industry and company. The trend of the overall comments indicates that there are signs of economic stabilization."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Growth of Global Manufacturing Production, New Orders and New Export Orders All Accelerated in October

The rates of expansion in global manufacturing output and new orders accelerated for the first time in six months in October. At 53.7, up from September's 14-month low, the JPMorgan Global Manufacturing PMI™ posted a reading consistent with a solid improvement in overall operating conditions. However, the headline PMI and the indices for output and new orders remained below their respective post-recession averages.

Manufacturing production increased for the seventeenth consecutive month in October, with the rate of expansion the fastest since June. Growth accelerated sharply in the US and China, hitting five- and nine-month highs respectively. Rates of increase also accelerated in the Eurozone, the UK, India, Turkey, Poland and Denmark. Meanwhile, Japan fell back into contraction, as output decreased for the first time since May 2009. Production also declined in Australia, Brazil, Taiwan and South Korea.

For the complete JPMorgan release, click here.

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Feature Article: Balance Your Talent Requirements

According to this October 2010 Inside Supply Management® article, the new way of managing talent is fundamentally different from what has come before it, because it takes as its starting point organizational goals and not human resource targets.

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Plan Ahead to Attend ISM's 3rd Annual Women Executive Supply Management Summit, "Transition and Transformation in the Supply Chain"

Scheduled for February 10-11, 2011 in Boca Raton, Florida, ISM's 3rd Annual Women Executive Supply Management Summit (WESMS) promises to be a great learning (and networking) experience. Attendees can learn from others who are passionate about supply management, start building their supply management communities, and strengthen their supply chains — and careers.

For the supply management organizations that have survived the recession, it's time to take stock of where you stand. Mere survival is no longer enough — it's time to evaluate where you want your team to go and how you want to get there. At this event, you will gain strategies and tools to transform your group, your organization and yourself. Attend this event and find out what your colleagues have done already, and what they are doing in 2011 and beyond.

Who Should Attend

This program is presented for women executives, their direct reports and those interested in building their career in supply management. Supply management professionals from all industries and organizations will benefit from these sessions. If you have a passion for supply management and want to network and learn from those sharing your interest, you won't want to miss this program.

ISM is currently in the process of confirming speakers for this program. You may register now to ensure a space, but please check back for updated speaker information. Conference information, agenda, registration and more are available online.

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Feature Article: CPSM® Update: 3 Questions, 3 Answers

In every edition, eSide Supply Management — ISM's bimonthly e-magazine for up-and-coming supply management professionals — offers three sample questions (and answers) from the CPSM® Diagnostic Practice Exam to help you prepare to pursue your CPSM® certification. To check out the latest set of questions from the September/October 2010 edition of eSide, visit the ISM website.

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It's Easy to Subscribe to the Just in ETime Newsletter

To receive Just in ETime:

  • First, log into the ISM website 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.

If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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Term of the Day

Today's ISM Term of the Day is: AGENCY.

Definition: The legal relationship that exists between two parties by which one (the agent) is authorized to perform or transact specified business activities for the other (the principal).

A different Term of the Day is posted on the ISM Home Page ( 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.

Access the online Glossary.

If you are not a member but would like membership information, visit the ISM website.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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