Tuesday, April 5, 2011
   


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

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In This Issue ...
  • March Non-Manufacturing ISM Report On Business®: NMI at 57.3% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Get on the Right Track — Read more.
  • April 26 Web Seminar: "Supplier Relationship Management — An Auxiliary to Sourcing" — Read more.
  • Feature Article: CPSM® Update — 3 Questions, 3 Answers — Read more.
  • Save on CPSM® and CPSD™ Exams — 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.


March Non-Manufacturing ISM Report On Business®: NMI at 57.3%

(Tempe, Arizona) — Economic activity in the non-manufacturing sector grew in March for the 16th 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 registered 57.3 percent in March, 2.4 percentage points lower than the 59.7 percent registered in February, and indicating continued growth at a slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index decreased 7.2 percentage points to 59.7 percent, reflecting growth for the 20th consecutive month, but at a slower rate than in February. The New Orders Index decreased 0.3 percentage point to 64.1 percent, and the Employment Index decreased 1.9 percentage points to 53.7 percent, indicating growth in employment for the seventh consecutive month, but at a slower rate. The Prices Index decreased 1.2 percentage points to 72.1 percent, indicating that prices increased at a slightly slower rate in March. According to the NMI, 16 non-manufacturing industries reported growth in March. Respondents' comments reflect concern about the recent natural disasters in Japan and the associated supply chain ramifications. Additionally, there is concern over rising costs, most notably for fuel and fuel products. Overall, most respondents remain confident about the direction of the economy."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing Growth Remained Robust in March

The JPMorgan Global Manufacturing PMI fell to a three-month low of 55.8 in March, from a near-record high of 57.4 in February. The PMI has now remained above the neutral 50.0 mark for 21 consecutive months.

Manufacturing production rose at a robust clip in March. Although the rate of growth eased to a four-month low, it was still above the long-run survey average and consistent with global industrial production expanding by between 5-6% saar.

For the complete JPMorgan release, click here.

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Feature Article: Get on the Right Track

The ISM 96th Annual International Supply Management Conference and Educational Exhibit, which takes place May 15-18, 2010 in Orlando, Florida, offers a powerful opportunity to expand your supply management knowledge and interact with some of the top thought-leaders in the profession. From the keynote speakers to the large number of exhibitors, the Conference schedule is designed to engage attendees in topics ranging from best practices to the latest trends and cutting-edge supply management strategies, and offers an array of thought-provoking experiences that can enrich your career path. But perhaps some of the most valuable tools at the Conference are found in the educational tracks.

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April 26 Web Seminar: "Supplier Relationship Management — An Auxiliary to Sourcing"

Date: Tuesday, April 26, 2011
Time: 2 p.m. (EST)/11 a.m. (PST)
Length: 60 minutes
Price: No cost
Format: Streaming-only
Host: ISM
Sponsor: Zycus

In a competitive market, cornering resources is immensely advantageous to a company. Good suppliers are a scant resource and are integral to the development and success of any product.

The purchasing manager or supply chain manager needs to construct supply networks that add value to the products and also help optimize cost benefits. As such, SRM becomes important to engage and build relations with the supplier in much the same way CRM programs are used for customers. SRM, together with the support of technology, can help organizations move beyond mere transactional relationships with suppliers to building robust and beneficial supply channel partnerships.

In this web seminar, you will understand that the best supply management strategies don't end with purchasing and effective sourcing — they extend far beyond, creating robust supplier relationships.

You will learn:

  • The importance of SRM vis-à-vis sourcing
  • To identify focus areas for a successful SRM program
  • How to build the right organizational structure, focus and support — learning from leaders in SRM.

Featured Speaker:

Jason Busch
Editor, SpendMatters.com
Azul Partners, Managing Director

Moderator:

John Yuva
Manager, Editor — Inside Supply Management®
Institute for Supply Management™

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

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

Every edition of ISM's eSide Supply Management e-publication offers three sample questions — and answers — from the CPSM® Diagnostic Kit to help you prepare to pursue your CPSM® certification. First, answer all three questions; then, scroll down to the "3 Answers" section to find out how you fared.

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Save on CPSM® and CPSD™ Exams

Do you plan to attend ISM's Annual Conference this May in Orlando? If so, plan to come in a little early to take advantage of half-price paper-and-pencil CPSD™ and CPSM® Exams (with full conference registration) held on Saturday, May 14, 2011 before the start of the Conference on Sunday. What a great way to save, learn leading supply chain best practices and take the next step in your career.

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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: E-SOURCING.

Definition: Identifying suppliers to fulfill specific purchasing requirements using Internet technology.

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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