Wednesday, May 4, 2011
   


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

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In This Issue ...
  • April Non-Manufacturing ISM Report On Business®: NMI at 52.8% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Structured for Success — Read more.
  • ISM Launches Podcast Series Via Its Virtual Education Network (VEN) — Read more.
  • ISM Announces 2011 R. Gene Richter Scholarship Program Recipients — 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.


April Non-Manufacturing ISM Report On Business®: NMI at 52.8%

Economic activity in the non-manufacturing sector grew in April for the 17th 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 52.8 percent in April, 4.5 percentage points lower than the 57.3 percent registered in March, and indicating continued growth at a slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index decreased 6 percentage points to 53.7 percent, reflecting growth for the 21st consecutive month, but at a slower rate than in March. The New Orders Index decreased substantially by 11.4 percentage points to 52.7 percent. The Employment Index decreased 1.8 percentage points to 51.9 percent, indicating growth in employment for the eighth consecutive month, but at a slower rate. The Prices Index decreased 2 percentage points to 70.1 percent, indicating that prices increased at a slightly slower rate in April when compared to March. According to the NMI, 17 non-manufacturing industries reported growth in April. Respondents' comments are mixed about overall business conditions; however, they are mostly positive. Respondents' comments also indicate concern over rising fuel costs, commodity costs and the lingering uncertainty about the economy."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI at Five-Month Low in April

April saw growth of the global manufacturing sector cool further from the booming rates of expansion seen at the start of the year.

At 55.0 in April, the JPMorgan Global Manufacturing PMI fell for the second successive month to its lowest level since last November. The headline PMI remained above the neutral 50.0 mark, signaling expansion, for the twenty-second successive month and was slightly above its average for that period.

For the complete JPMorgan release, click here.

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Feature Article: Structured for Success

For many CPOs, the ideal supply management organizational structure is one in which procurement decisions and reporting systems are highly centralized, with nearly universal procurement process compliance among suppliers and staff.

But, not all supply management professionals work in that ideal world. Some work in an organizational structure in which supply managers are located in field sites or branches, reporting to the general manager at that location rather than to corporate procurement. In other cases, the supply management executive resides in a holding company-type environment where each business unit has its own procurement staff.

There also are supply management organizations that do not have a strong mandate from upper management to oversee and manage major procurement decisions throughout the company. Many supply management professionals have to deal with decentralized reporting structures, consensus-driven decision-making processes and compliance with approved suppliers and procedures that is spotty at best.

This Inside Supply Management® supplemental article (April 2011) explains how supply managers can thrive in a decentralized organization by building relationships, value and credibility.

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ISM Launches Podcast Series Via Its Virtual Education Network (VEN)

ISM is now offering podcasts on a variety of educational topics on its Virtual Education Network (VEN). Just visit the podcast webpage to listen to five podcasts on the topics of sustainability/social responsibility, ethics, risk management, outsourcing and ISM's 96th Annual Conference. Simply click on the title of the podcast of your choice and you will be directed to a webpage where you can access it, along with additional information about the author or topic. You will also have access to a quick survey that ISM encourages you to complete.

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ISM Announces 2011 R. Gene Richter Scholarship Program Recipients

Ten students, representing seven leading universities, are recipients of 2011 R. Gene Richter Scholarships. Now in its eighth year, the R. Gene Richter Scholarship Program is the largest nationally recognized scholarship program in the field of supply chain management. Winners will be recognized May 15, 2011 at an awards dinner held during Institute for Supply Management™'s 96th Annual International Supply Management Conference and Educational Exhibit in Orlando, Florida.

The 2011 Richter Scholars are:

  • Stephanie Bedard — University of South Carolina, Moore School of Business
  • Sarah DiPietro — Michigan State University, Eli Broad College of Business
  • Kevin Douglas — Eastern Michigan University, Gary M. Owen College of Business
  • Anthony Garwood / Michigan State University, Eli Broad College of Business
  • Kevin Lau — Arizona State University, W. P. Carey School of Business
  • Sara Mahmood — Wayne State University, School of Business Administration
  • Christopher Mulcahy — Western Michigan University, Haworth College of Business
  • Joseph Schibi — Arizona State University, W. P. Carey School of Business
  • Cameron Tew — Western Michigan University, Haworth College of Business
  • David Wu — The Pennsylvania State University, Smeal College of Business

Scholarships are awarded through ISM's R. Gene Richter Scholarship Fund and through the R. Gene and Nancy D. Richter Foundation. The 2011 Richter Scholars receive tuition assistance of up to US$5,000 and the benefits of an executive mentor, which pairs the student with an established executive, and a junior mentor, which pairs the student with a former Richter scholar.

The R. Gene Richter Scholarship Program was established and named in memory of R. Gene Richter, who was a galvanizing force in the field of procurement. Richter is admired for elevating the profession to world-class stature. He led the supply organizations at The Black & Decker Corporation, Hewlett-Packard and International Business Machines (IBM).

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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 website — 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 website, 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" tab.
  • Finally, select Just in ETime from the list of available newsletters and click the "Update Subscription" button at the bottom of the page.

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: ELECTRONIC AUCTION.

Definition: A process in which a purchaser pre-qualifies multiple suppliers and invites them to participate in a fixed-duration Web-based bidding or sourcing event.

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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