|In This Issue ...
- July Non-Manufacturing ISM Report On Business®: NMI at 52.7% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Feature Article: Is Your Supply Chain Ready for Stagflation? — Read more.
- No-Cost Web Seminar August 30: "User Adoption — The Key to Successful Procurement Automation" — Read more.
- Apply Now for the 2012 ISM Awards for Excellence in Supply Management — 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.
|July Non-Manufacturing ISM Report On Business®: NMI at 52.7%
Economic activity in the non-manufacturing sector grew in July for the 20th 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 52.7 percent in July, 0.6 percentage point lower than the 53.3 percent registered in June, and indicating continued growth at a slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 2.7 percentage points to 56.1 percent, reflecting growth for the 24th consecutive month and at a faster rate than in June. The New Orders Index decreased by 1.9 percentage points to 51.7 percent. The Employment Index decreased 1.6 percentage points to 52.5 percent, indicating growth in employment for the 11th consecutive month, but at a slower rate than in June. The Prices Index decreased 4.3 percentage points to 56.6 percent, indicating that prices increased at a slower rate in July when compared to June. According to the NMI, 13 non-manufacturing industries reported growth in July. Respondents' comments remain mixed; however, for the most part they indicate that business conditions are flattening out."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Growth of Global Manufacturing Sector Moves Closer to Stagnation
The global manufacturing sector continued to cool at the start of H2 2011. Growth of production slowed to a near standstill, as levels of incoming new business declined slightly for the first time in over two years.
At 50.6 in July, the JPMorgan Global Manufacturing PMI™ fell to its lowest level since July 2009, the first month of the ongoing recovery. The headline PMI has signaled a substantial easing in the overall rate of expansion since hitting a near-record high only five months ago.
For the complete JPMorgan release, click here.
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|Feature Article: Is Your Supply Chain Ready for Stagflation?
This June/July 2011 Inside Supply Management® supplemental article contends that now is the time for organizations to improve operations and supply chain efficiencies, despite signs of an inflationary or stagflationary business environment.
"Are we heading for inflation?" it asks. "Reports and comments from major economic institutions provide a confusing picture. While the National Inflation Association believes the United States is certainly headed toward hyperinflation, the U.S. Federal Reserve believes otherwise thus far. How could a scenario of inflation, hyperinflation or even stagflation develop?"
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|No-Cost Web Seminar August 30: "User Adoption — The Key to Successful Procurement Automation"
Date: Tuesday, August 30, 2011
Time: 2 p.m. (EDT) /11 a.m. (PDT)
Price: No cost
Length: 60 minutes
Format: Streaming only
Implementing new technology can be the means to deliver higher business value. However, a smooth technical implementation is not enough; it needs to be supported by widespread user adoption to ensure the success of the initiative.
This summer, Zycus conducted its 2011 Procurement Automation Adoption Survey. More than 600 procurement and supply chain professionals, representing a combined spending power of about $370 billion, participated in this survey. Their responses confirmed that technology adoption has a major impact on both stakeholder participation and compliance to spend management initiatives.
Join a panel of experts as they discuss the insights gained from this survey about the tactics and strategies used by best-in-class companies to deal with compliance issues arising out of procurement management solution implementations.
Attendees will learn:
- Five tactics used by top performers to ensure compliance
- To understand the importance of compliance, participation and technology adoption for transforming corporate culture
- To increase cross-functional participation in spend management activities
- To define role of technology adoption in areas apart from stakeholder participation and compliance to spend management initiatives.
- Andrew Bartolini
Managing Partner & Chief Research Officer
- R. David Nelson
- Anurag Dixit
Vice President of Marketing
Registration is available on the ISM website.
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|Apply Now for the 2012 ISM Awards for Excellence in Supply Management
Institute for Supply Management™ (ISM) is inviting entries for the seventh annual ISM Awards for Excellence in Supply Management.
The competition is open to supply management departments of all sizes and geographic locations, both domestic and international. ISM is accepting entries through an online submission process from July 1 to September 16, 2011. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact. Multiple entries are welcomed in each of the following five categories: Process, People, Organization/Structure, Technology and Sustainability.
For the 2012 awards, the project/initiative must (1) have been completed and/or implemented and (2) have measurable outcomes within the date range of October 1, 2008 through September 16, 2011.
An application fee of US$1,000 per organization is required for 2012 award applications. Organizations that submit multiple applications will only be charged this fee once, regardless of the number of applications submitted.
Award recipients will be notified in January 2012 and will be honored at an awards dinner on Sunday, May 6, 2012 during the ISM Annual International Supply Management Conference and Educational Exhibit in Baltimore. Winning organizations agree to present a Conference session describing their projects. The 2012 award winners will join an esteemed group of previous winning organizations, including: Alltel Wireless; BP p.l.c.; DaimlerChrysler; Delphi; Fluor-Hanford; HP; IBM; Johnson & Johnson; KLA-Tencor; L-3 Communications; LG Electronics; Lockheed Martin Aeronautics Company; Masco Corporation; Pfizer Inc; Rockwell Collins; Royal KPN Telecom; State of Georgia, DOAS; and the U.S. Postal Service.
For questions, contact Terri Tracey, CAE, at 800/888-6276, extension 3071 or 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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|Term of the Day
Today's ISM Term of the Day is: TRAFFIC MANAGEMENT.
Definition: The management of activities associated with buying and controlling transportation services for a shipper or consignee or both. In many companies the traffic management department has been integrated into the logistics department.
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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