Thursday, February 3, 2011

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<cite>Just in ETime</cite> Newsletter ... Pass it on!

Orlando 2011 -- ISM's 96th Annual International Supply Management Conference & Educational Exhibit

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In This Issue ...
  • January Non-Manufacturing ISM Report On Business®: NMI at 59.4% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: The Greenest Company in America — What Does Supply Management Have to Do With It? — Read more.
  • February 23 Web Seminar: Defining and Expanding the Value Proposition of P2P — Read more.
  • Next Week: Top Supply Chain Execs — BP, IBM Global Services, Intel Corporation, Tyco International, MeadWestvaco — Share Best Practices — 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.

January Non-Manufacturing ISM Report On Business®: NMI at 59.4%

Economic activity in the non-manufacturing sector grew in January for the 14th 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. "The NMI (Non-Manufacturing Index) registered 59.4 percent in January, 2.3 percentage points higher than the seasonally adjusted 57.1 percent registered in December (the seasonal adjustment did not change the reading that was originally reported), and indicating continued growth in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 1.7 percentage points to 64.6 percent, reflecting growth for the 18th consecutive month and at a faster rate than in December. The New Orders Index increased 3.5 percentage points to 64.9 percent, and the Employment Index increased 1.9 percentage points to 54.5 percent, indicating growth in employment for the fifth consecutive month and at a faster rate. The Prices Index increased 2.6 percentage points to 72.1 percent, indicating that prices increased at a faster rate in January. According to the NMI, 13 non-manufacturing industries reported growth in January. Respondents' comments are mostly positive about business conditions; however, they still remain cautious about the sustainability."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing Employment Rose at Survey Record Pace

At 57.2 in January, up from 55.6 in December, the JPMorgan Global Manufacturing PMI* rose to a nine-month high. The PMI has remained above the neutral 50.0 mark, signaling expansion, for 19 consecutive months. Growth of production and new orders continued to accelerate, leading to survey record job creation.

The US PMI rose to an eighty-month high in January, while its counterpart in the Eurozone hit a nine-month peak. The UK PMI rose to its highest level since (UK) data were first collected in 1992. Meanwhile, the China and India PMIs crept higher from December's three-month lows and an expansion was signaled in Japan, albeit only slight, for the first time since last August.

* Please note that historical back data for the global manufacturing PMI indicators have been revised. This is in accordance with the annual appraisal of the seasonal adjustment factors applied to the US data by the Institute for Supply Management (ISM) and an update of the global weights to reflect latest available data.

To read the entire release, click here.

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Feature Article: The Greenest Company in America — What Does Supply Management Have to Do With It?

Every October, Newsweek identifies the 500 most sustainable companies in the U.S. and releases the findings in its Green Rankings list. This data-driven assessment quantifies large companies' environmental footprints, policies and reputations with the help of three leading environmental research organizations.

For 2010, the greenest company in America was Dell — and it's not the first time it has made the cut. In 2009 (the first year the magazine compiled the list), it ranked No. 2.

To drill down into the supply management initiatives that make Dell stand above the rest, eSide Supply Management talked with Sustainability Communications Manager Michelle Mosmeyer. Having spent 11 years doing public relations for Dell, Mosmeyer says her interest in public policy, social media and environmental sustainability made her "a particularly passionate fit" for her new full-time role.

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February 23 Web Seminar: Defining and Expanding the Value Proposition of P2P

Date: Wednesday, February 23, 2011
Time: 11 a.m. PST / 2 p.m. EST
Host: ISM
Sponsor: Ariba
Length: 60 minutes
Price: No-cost

World-class organizations have figured out how to cut their procurement and finance costs by 25 percent, and enjoy lower supply risks and better trading-partner collaboration at the same time. They're taking the savings and investing it in higher-value capabilities that are driving significant competitive advantages.

During this web seminar, Pierre Mitchell, senior director at the Hackett Group, will reveal what every company should know about Procure-to-Pay (P2P) processes, including:

  • What drives top-performing cost reductions;
  • What collaborations determine P2P success or failure; and
  • The real value of P2P.

Featured Speakers:

  • John Lark
    Senior Manager, Procurement Solutions

  • Pierre Mitchell
    Director, Procurement and Research Advisor
    The Hackett Group


  • Nora P. Neibergall
    Senior Vice President
    Institute for Supply Management™

Attendance of the live session of this Web seminar qualifies for one CEH credit at ISM.

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Next Week: Top Supply Chain Execs — BP, IBM Global Services, Intel Corporation, Tyco International, MeadWestvaco — Share Best Practices

What: 8th Annual Black Executive Supply Management Summit
When: February 9-11, 2011
Where: Boca Raton, Florida
Sponsors: Institute for Supply Management™ (ISM) and Howard University
Cost: US$795 for ISM members/US$995 for nonmembers/US$250 for ISM student members

A popular program, ISM's 8th Annual Black Executive Supply Management Summit (BESMS) helps supply management executives lead their careers and organizations to new heights with the latest best practices and unparalleled networking.

BESMS is for executives and managers in supply, with a special track for students enrolled in supply management degree programs. Renowned speakers from BP, IBM Global Services, Tyco International, MeadWestvaco, National Sustainability Coalition and more will share tried-and-true secrets for success that cross industry lines. Sessions highlights include:

  • "Transformation: A Change of Pace" led by Chuck Wardlaw, vice president, U.S. Fuels Value Chain Procurement, BP
  • "Make the Sustainable Shift" presented by Icy Williams, chair, National Sustainability Coalition
  • Student Case Competition
  • "Plan and Manage: From Global Contracts to Global Customers" led by Anthony Humphrey, director, Global Strategic Outsourcing, MeadWestvaco
  • Executive Roundtable Networking

This year's BESMS will be held at the same time and location as ISM's 5th Annual Hispanic Supply Management Summit (HSMS) and 3rd Annual Women Executive Supply Management Summit (WESMS). Each summit has its own set of workshops, but general sessions are held together for added networking time with colleagues attending the other summits. Students are encouraged to attend.

Register online, or call +1 480/752-6276, option 8.

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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.
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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: SAMPLING INSPECTION.

Definition: Inspection method where only a portion of incoming goods are inspected to estimate the quality of the entire shipment.

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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