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Friday, July 1, 2011
   


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Baltimore 2012 -- ISM's 97th Annual International Supply Management Conference & Educational Exhibit

In This Issue ...
  • June Manufacturing ISM Report On Business®: PMI at 55.3% — Read more.
  • Feature Article: A Career of Progressive Approaches and Leadership — Read more.
  • 2011 ISM Salary Survey Brief Summary — Read more.
  • Sustainability and Social Responsibility Handbook is in Demand — Read more.
  • Feature Article: CPSM® Update: 3 Questions, 3 Answers — Read more.
  • Website of Interest — 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 Manufacturing ISM Report On Business®: PMI at 55.3%

Economic activity in the manufacturing sector expanded in June for the 23rd consecutive month, and the overall economy grew for the 25th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.

The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "The PMI registered 55.3 percent, an increase of 1.8 percentage points from May, indicating expansion in the manufacturing sector for the 23rd consecutive month. New orders and production were both modestly up from last month, and employment showed continued strength with an increase of 1.7 percentage points to 59.9 percent. The rate of increase in prices slowed for the second consecutive month, dropping 8.5 percentage points in June to 68 percent. This follows a similar reduction of 9 percentage points in the Prices Index in May, and is the lowest figure since August 2010 when the index registered 61.5 percent. While the rate of price increases has slowed and the list of commodities up in price has shortened, commodity and input prices continue to be a concern across several industries."

To read the entire release, click here.

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Feature Article: A Career of Progressive Approaches and Leadership

"In supply management, you don't work alone." This is the present-day truth and future vision for Shelley Stewart, Jr., CPSM, and J. Shipman Gold Medal Award recipient.

Institute for Supply Management™ (ISM) presents the J. Shipman Gold Medal Award annually to an individual who displays modest, unselfish, sincere and persistent efforts for the advancement of purchasing and supply management. As the 81st recipient of the Shipman Medal, Stewart joined an elite group of supply management luminaries when he accepted the award in May in Orlando, Florida.

Stewart is senior vice president, operational excellence and CPO at Tyco International in Princeton, New Jersey. He leads Tyco's lean Six Sigma, information technology, trade compliance, real estate and supply chain initiatives across the company. Stewart is responsible for US$13 billion in procurement spend and $500 million in information technology costs. He and his team have achieved more than $3 billion in savings to Tyco's bottom line.

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2011 ISM Salary Survey Brief Summary

The Institute for Supply Management™ (ISM) surveyed supply management professionals during January and February 2011 to determine average salaries in the supply management profession. This report presents the results of that survey based upon salaries earned during the 2010 calendar year. Summary information is reported here. The full report is available online to members of ISM. The full report provides breakdowns of salary by job title, years of experience, education level, certification status, buying responsibility, state of residency and other factors. Demographic information on the respondents is also reported.

Non-members who would like to view the entire report can join ISM or can purchase the detailed report for $199. A Salary Survey summary is available online.

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Sustainability and Social Responsibility Handbook is in Demand

Looking for real-world examples of how companies are implementing sustainability and social responsibility excellence across the supply chain? Supply professionals are increasingly playing a critical role in this area and they now have an additional resource with the debut of the Sustainability and Social Responsibility Handbook, available from Institute for Supply Management™ (ISM). Written by the ISM Committee on Sustainability and Social Responsibility, the Handbook includes metrics and performance criteria, as well as unique stories from companies and organizations including Bellwether Services, Herman Miller, IBM, MeadWestvaco, RL Environmental and University of Washington.

The just-published Sustainability and Social Responsibility Handbook was a top seller at ISM's 96th Annual International Supply Management Conference in Orlando, Florida. "The tremendous reception reaffirms our sense that supply chain professionals are seeking current information on sustainability and social responsibility that is relevant and provides guidance in this increasingly important arena," says Cathy A. Rodgers, chair, ISM Committee on Sustainability and Social Responsibility and IBM vice president, Global Opportunities and Business Development. "This is exactly why the committee worked so hard over the past year gathering these key resources, company stories and related reference material into one convenient volume dedicated to this critically important topic."

Additional resources included in the Handbook are: ISM Principles of Sustainability and Social Responsibility, ISM Standards of Ethical Supply Management Conduct, and a business case for sustainability and social responsibility. The Handbook also includes current articles from ISM publications, as well as CAPS Research benchmarking samples and a Focus Study on championing environmental supply management initiatives.

ISM member price is US$49. Non-member price is US$69. For additional resources visit ISM's Sustainability and Social Responsibility website.

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

In every edition, eSide Supply Management 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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Website of Interest

This month's Website of Interest is export.gov:

Operating under the tagline, "Helping U.S. Companies Export," export.gov offers opportunities by industry, as well as market research, trade events and leads and free trade agreements. It also offers solutions in the areas of international sales/marketing, finance and logistics, plus licenses and regulations, trade data and analysis, and trade problems.

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these websites, or any other website(s) accessible from these websites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other website.

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Term of the Day

Today's ISM Term of the Day is: ULTRA VIRES.

Definition: Latin for "beyond the powers"; actions taken by a corporation or other entity that are outside its authority.

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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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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