Wednesday, October 5, 2011

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In This Issue ...
  • September Non-Manufacturing ISM Report On Business®: NMI at 53% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Embedding Sustainability: A 5-Step Approach — Read more.
  • No-Cost Web Seminar Next Week: "Strategic Sourcing — Quick Wins to Boost This Year's Savings Total" — Read more.
  • Feature Article: Market Intelligence Matters — Read more.
  • "New Supplier Identification — Reinventing the Process": Oct. 26 Web Seminar — 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.

September Non-Manufacturing ISM Report On Business®: NMI at 53%

Economic activity in the non-manufacturing sector grew in September for the 22nd consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®.

The NMI registered 53 percent in September, 0.3 percentage point lower than the 53.3 percent registered in August, and indicating continued growth at a slightly slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index increased 1.5 percentage points to 57.1 percent, reflecting growth for the 26th consecutive month. The New Orders Index increased by 3.7 percentage points to 56.5 percent. The Employment Index decreased 2.9 percentage points to 48.7 percent, indicating contraction in employment after 12 consecutive months of growth. The Prices Index decreased 2.3 percentage points to 61.9 percent, indicating prices increased at a slower rate in September when compared to August. Respondents' comments reflect an uncertainty about future business conditions and 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 PMI Dips to 27-Month Low in September

At 49.9 in September, down from 50.2 in August, the JPMorgan Global Manufacturing PMI™ posted below the neutral 50.0 mark for the first time since June 2009.

The performance of the global manufacturing sector has weakened noticeably since the start of the year. Over Q3 2011 as a whole, production growth was negligible and down sharply from Q1's recent peak. Incoming new work, meanwhile, contracted for the first time since Q2 2009.

For the complete JPMorgan release, click here

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Feature Article: Embedding Sustainability: A 5-Step Approach

According to recent research by British Columbia's Simon Fraser University, nearly all CEOs — 93 percent — regard sustainability as important to their company's future success. Yet, many of them admit to struggling with how they can embed it into their companies' cultures.

This conundrum is the basis for a recent report: Embedding Sustainability in Organizational Culture: A Systematic Review of the Body of Knowledge, written by Simon Fraser's Stephanie Bertels, Ph.D. and Lisa and Daniel Papania, Ph.D. candidates. The report was distributed by the nonprofit Network for Business Sustainability, or NBS.

"A group of managers representing a range of private and public sector organizations told us they wanted this issue researched," explains Tima Bansal, Ph.D., executive director of NBS. "This report is the culmination of a full year's effort to compile and synthesize the best academic research in the area."

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No-Cost Web Seminar Next Week: "Strategic Sourcing — Quick Wins to Boost This Year's Savings Total"

Date: Wednesday, October 12, 2011
Time: 10 a.m. PDT/1 p.m. EDT
Format: Streaming Only
Length: 60 minutes
Sponsor: Capgemini
Price: No cost
Host: ISM

For more than 20 years, strategic sourcing has been a known procurement process, proven to identify costs and add savings value to the company. However, studies still show that compliance rates are dismally low.

While procurement professionals agree that sourcing is "low pain with high gain," surprisingly few large companies use the maximum effect of their sourcing agenda to really drive the compliance agenda.

Join our web seminar on Wednesday, October 12 at 10 a.m. PDT/1 p.m. EDT to learn from experienced practitioners how you can take charge of your strategic sourcing and the necessary tools to start generating savings — and even can gain this year!

Learning Objectives:

  • Get a clear understanding and overview of how to leverage technology to drive sourcing and compliance agendas
  • Establish a defined, repeatable and auditable source-to-contract process, which is a framework for continuous improvement and organic learning
  • Enforce control and compliance in the contract creation process to reduce and mitigate legal risks
  • Increase competition in your sourcing to improve cost savings for your business
  • Improve your negotiation skills in supplier meetings by fully understanding your supplier's cost.

Featured Speaker:

Torbjörn Thorsén
Product Strategy Innovation
Capgemini Procurement Services

Attendance of the live session (minimum of 50 minutes) of this web seminar qualifies for one CEH credit at ISM.

To register, visit the ISM website.

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Feature Article: Market Intelligence Matters

Market intelligence (MI), gathering and analyzing information about a company's markets to determine future opportunities and strategies, has taken on added importance in a business world shaped by commodity volatility, ever-changing consumer demands and growing markets in emerging countries. While gathering MI is not a new concept, it is being embraced more by supply management organizations as they work to meet the needs of their internal and external customers. The challenge is collecting and analyzing the MI that matters to your organization and putting it to good use.

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"New Supplier Identification — Reinventing the Process": Oct. 26 Web Seminar

Date: Wednesday, October 26, 2011
Time: 11 a.m. PDT /2 p.m. EDT
Format: Streaming-only
Length: 60 minutes
Price: No cost
Sponsor: Ariba
Host: ISM

Identifying new suppliers directly impacts your purchasing efficacy. Sourcing, unplanned purchases, spot buys, supplier diversity initiatives and supplier risk management often require new-supplier input. And, these situations mandate a quick response to ensure streamlined processes.

Internet searches, tradeshows and cold calling continue to be the typical methods of identifying new suppliers, but new approaches now exist. Attend this web seminar on October 26 and discover them, including intelligent matching tools that accurately identify suppliers that meet your needs.

Attendees will learn how to:

  • Reduce the time and cost of traditional supplier identification and qualification methods by up to 90 percent
  • Efficiently manage online business postings, sourcing, bidding and awarding of contracts
  • Use rich supplier information for more informed decision-making
  • Reduce sourcing cycle cost consumed by supplier discovery and qualification, which makes up 30 percent to 50 percent of the overall cost.

Featured Speakers:

  • Brett Mauser
    Director, Strategic Sourcing
    Winn-Dixie Stores, Inc.

  • Bruce Eaves
    Sr. Manager, Purchasing
    Pilot Travel Centers

  • Chris Wang
    Director of Marketing, Ariba Discovery
    Ariba, Inc.

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

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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: MERCHANT.

Definition: Under UCC §2-104, any party (buyer or seller) who deals in the particular kind of goods involved in the transaction. The term "merchant" is used in the UCC largely to distinguish between commercial and consumer transactions. Purchasing organizations would in most cases probably be treated as merchants under the law for most transactions.

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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