|In This Issue ...
- October Manufacturing ISM Report On Business®: PMI at 50.8% — Read more.
- Feature Article: Supplying the Golden Arches — Read more.
- Web Seminar: "Creating a Roadmap for Best-in-Class Supplier Management" — Read more.
- 4th Annual ISM Sustainability and Social Responsibility Conference Happens Next Week — 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.
|October Manufacturing ISM Report On Business®: PMI at 50.8%
Economic activity in the manufacturing sector expanded in October for the 27th consecutive month, and the overall economy grew for the 29th 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 50.8 percent, a decrease of 0.8 percentage point from September's reading of 51.6 percent, indicating expansion in the manufacturing sector for the 27th consecutive month. The New Orders Index increased 2.8 percentage points from September to 52.4 percent, indicating a return to growth after three months of contraction. The Prices Index, at 41 percent, dropped 15 percentage points, and is below the 50 percent mark for the first time since May 2009 when it registered 43.5 percent. Inventories decreased to 46.7 percent, which is 5.3 percentage points below the September reading of 52 percent. Comments from respondents are mixed, indicating positive relief from raw materials pricing and continuing strength in a few industries, but there is also more concern and caution about growth in this uncertain economy."
To read the entire release, click here.
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|Feature Article: Supplying the Golden Arches
A handful of corporate logos are recognizable in nearly every country in the world, and one of the most famous is the McDonald's "golden arches." Although McDonald's is the largest fast-food chain in the world, with more than 32,000 restaurants in 117 countries, the company remains cognizant of the hands-on, entrepreneurial approach that launched it in 1955.
Under the golden arches, a diverse supplier base flourishes thanks to continuous, positive engagement and a singular focus on providing an excellent end-customer experience.
Read this Inside Supply Management® article online.
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|Web Seminar: "Creating a Roadmap for Best-in-Class Supplier Management"
Date: Wednesday, November 9, 2011
Time: 2 p.m. EST/11 a.m. PST
Price: No cost
Length: 60 minutes
Supplier management is a core component of supply management, and a strong supplier base is critical to any organization's success. Even so, most lack well-established supplier management programs with multi-year planning horizons and clear objectives.
This web seminar provides clear, practical advice for launching — and sustaining — best-in-class supplier management.
Learning objectives include:
- Understand the role of supplier management and its interdependence with other supply management disciplines
- Learn best practices for developing organization structures, charters and talent that foster ongoing improvement
- Review real-world case studies that emphasize change management and supplier involvement
- Understand how to develop a technology portfolio that supports emerging supplier management requirements
- Mark Peachey
Product Strategy Director
- Chris Nelms
Managing Supervisor, Supply Chain Process & Systems
- Nora P. Neibergall
Senior Vice President
Institute for Supply Management™
Attendance of the live session of this web seminar qualifies for one CEH credit at ISM.
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|4th Annual ISM Sustainability and Social Responsibility Conference Happens Next Week
When: November 7-8, 2011
Where: Lake Buena Vista, Florida
Your organization can't move forward unless it remains competitive. Having a strong organizational strategy that addresses sustainability and corporate social responsibility (CSR) is an essential ingredient.
Attend ISM's 4th Annual Sustainability Conference and discover the benefits of embracing this business philosophy. Every day, the headlines in our most respected business publications announce another story about an organization that has committed itself to sustainable business practices. Organizations are reducing their carbon footprints, practicing responsible sourcing and planning for the next generation.
Highlights of this year's program include:
- Core values in a global marketplace
- Ratings and rankings
- Corporate environmental scorecards
- Economy, energy and environment
- Procurement's influence for sustainable success
- Revenue streams
- Seven keys to safety at your organization
- LEED Certification: the inside story
- Driving sustainability initiatives
Who Should Attend This Program
Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives. Supply management professionals might want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success. Corporate sustainability and social responsibility initiatives are holistic strategies that involve the entire organization. From the CEO to administrative support, all areas must heed the call to sustainability and CSR — but, supply chain professionals are often the catalysts for change within the organization.
For an agenda, registration information, to download the complete program brochure and more, visit the ISM website.
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|Website of Interest
This month's Website of Interest is Material Handling Industry of America (MHIA)
Material Handling Industry of America (MHIA) is an international trade association that has represented the material handling and logistics industry since 1945. MHIA members include material handling and logistics equipment and systems manufacturers, integrators, consultants, publishers and third-party logistics providers.
The association sponsors trade events, such as ProMat, NA 2010 and MODEX 2012 Expo and Conference to showcase the products and services of its member companies and to educate industry professionals on the productivity solutions provided through material handling and logistics.
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: APPLICATION SERVICE PROVIDER.
Definition: An organization that provides software applications over the Internet.
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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