Tuesday, December 6, 2011

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In This Issue ...
  • December 2011 Semiannual Economic Forecast — Read more.
  • Top 6 Reasons to Attend the 97th Annual Supply Management Conference — Read more.
  • Web Seminar: Building a Case for Managing Meeting Spend — Read more.
  • Vote on Important Issues for Your Institute — 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.

December 2011 Semiannual Economic Forecast

Economic growth in the United States will continue in 2012, say the nation's purchasing and supply management executives in their December 2011 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report On Business®. The forecast projects optimism about the U.S. economy for 2012. The manufacturing sector, overall, is positive about prospects in 2012 with revenues expected to increase in 17 industries, while the non-manufacturing sector appears slightly less positive about the year ahead, with 15 industries expecting higher revenues. Capital expenditures, a major driver in the U.S. economy, however, will increase only modestly in the manufacturing sector, while investment in the non-manufacturing sector will remain essentially flat.

These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management™ (ISM). The forecast was released today by Bradley J. Holcomb, CPSM, CPSD, chair of the ISM Manufacturing Business Survey Committee; and by Anthony S. Nieves, C.P.M., CFPM, chair of the ISM Non-Manufacturing Business Survey Committee.

To read the entire Forecast, click here.

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Top 6 Reasons to Attend the 97th Annual Supply Management Conference

ISM's 97th Annual International Supply Management Conference and Educational Exhibit takes place May 6-9, 2012 in Baltimore, Maryland. To receive the best pricing, you need to register before December 31, 2011.

Here are the top six reasons to attend:

6. Professional development by day, Baltimore by night. The 2012 Conference is in one of our country's most interesting, captivating cities. Visit the beautiful Inner Harbor, culturally rich neighborhoods, museums, restaurants and even the birthplace of Babe Ruth. ISM is proud to welcome supply management professionals from around the world to this historic East Coast hub.

5. Informative workshops with valuable takeways.

4. Value-added bonuses including the Career Center, mega-sessions, industry spotlights and more.

3. Keynote speakers. Past speakers include Arianna Huffington, Daniel Pink, Lou Dobbs, Malcolm Gladwell, Dominique Dawes, Stanley Bing and Dave Berry.

2. Focused learning through our tracks. Personalize your experience when you use our tracks to focus your learning. Highlights includes Best Practices, Developing and Leading Impactful Supply Chains, Manufacturing, Risk Management, Supplier Development and Talent Management.

1. Networking with your peers and industry leaders from around the world. This is the place to be if you want to exchange ideas with other supply chain management professionals.

Register by December 31, 2011 for the best discount.

Register for the ISM Annual Conference and book your hotel with one of the official ISM Conference hotels by December 31, 2011 and you will be entered into a drawing for an iPad2.

We look forward to seeing you in Baltimore.

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Web Seminar: Building a Case for Managing Meeting Spend

Date: Wednesday, December 14, 2011
Time: 1 p.m. EST/12 p.m. CST/10 a.m. PST
Price: No cost
Length: 60 minutes
Sponsor: Maxvantage
Host: ISM
Format: Streaming Only

For many organizations, meetings represent one of the largest categories of unmanaged but controllable spend. In this web seminar, we'll explore the value of managing meetings spend in a centralized way for visibility and savings, providing examples of how small steps in managing this category can have a big impact. We'll also hear how managing meetings has made a difference within Johnson Controls from the category lead.

For the seminar outline, or to register, click here.

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Vote on Important Issues for Your Institute

The 2012 Proxy for the Annual Meeting of Members of the Institute for Supply Management, Inc.™ (ISM) was mailed to you on December 5, 2011. You are being asked to vote on the election of ISM Board members. The report of the vote and other business of the organization will be made at the Annual ISM Membership Meeting that will be held on Thursday, January 12, 2012 at 8:00 a.m. Mountain Standard Time at the headquarters of ISM at 2055 E. Centennial Circle, Tempe, Arizona.

To learn how to register your vote, or for a complete explanation of ballot proposals, click here.

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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: CURRENT ACCOUNT.

Definition: International cash flows in payment for exports; part of a nation's balance of payments.

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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