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Tuesday, January 3, 2012
   


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CSM: Check Out ISM's Newest Credential

ISM's 97th Annual International Supply Management Conference and Educational Exhibit

5th Annual Hispanic Supply Management Summit

In This Issue ...
  • December Manufacturing ISM Report On Business®: PMI at 53.9% — Read more.
  • Feature Article: Transportation Sourcing: Best Practices — Read more.
  • Next Month: Connect with Women Leaders in Supply Management — Read more.
  • Before January 12, 2012: Vote on Important Issues for Your Institute — 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.


December Manufacturing ISM Report On Business®: PMI at 53.9%

Economic activity in the manufacturing sector expanded in December for the 29th consecutive month, and the overall economy grew for the 31st 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 53.9 percent, an increase of 1.2 percentage points from November's reading of 52.7 percent, indicating expansion in the manufacturing sector for the 29th consecutive month. The New Orders Index increased 0.9 percentage point from November to 57.6 percent, reflecting the third consecutive month of growth after three months of contraction. Prices of raw materials continued to decrease for the third consecutive month, with the Prices Index registering 47.5 percent, which is 2.5 percentage points higher than the November reading of 45 percent. Manufacturing is finishing out the year on a positive note, with new orders, production and employment all growing in December at faster rates than in November, and with an optimistic view toward the beginning of 2012 as reflected by the panel in this month's survey."

To read the entire release, click here.

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Feature Article: Transportation Sourcing: Best Practices

The third annual American Shipper study on transportation procurement practices shows that shippers are starting to look at more than just price when they select carriers to move their freight, according to Jim Blaeser, publisher.

Produced in cooperation with the Retail Industry Leaders Association (RILA), the resulting report — Transportation Procurement Benchmark Study: In Search of Value — gauges the responses of 325 transportation buyers and sellers to a 40-question questionnaire. It zeroes in on the best practices of the 2011 "winner" (best-in-class) companies, which represent about 10 percent of the total study population.

The majority of best-in-class organizations were retailers, which comprised 51 percent. Third-party logistics providers, or 3PLs, represented the second largest faction at 23 percent.

Read this eSide Supply Management article online.

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Next Month: Connect with Women Leaders in Supply Management

Don't miss a unique opportunity for face-to-face learning and networking with women executives and colleagues in supply management. Register now to attend the 4th Annual Women Executive Supply Management Summit, to be held February 8-9, 2012 at the Hilton DFW Lakes Executive Conference Center in Grapevine, TX. Gain increased knowledge in supply management strategies and general business approaches from top performers representing American Red Cross, Pacific Gas & Electric Company, IBM Global Technology Services, MeadWestvaco, MasterCard Worldwide and more. The program is open to all professionals in supply management who value diversity and innovation, with an emphasis on women executives, their direct reports and those interested in building their career in supply management.

Women Executive Supply Management Summit sessions include:

  • Five Strategies Women Can Use to Become Known as Innovators
  • WEConnect: Linking Women-Owned Business into the Value Chain
  • From Aspirations to Reality: Surviving Change

Institute for Supply Management™ (ISM) is co-locating the 4th Annual Women Executive Supply Management Summit, the 5th Annual Hispanic Supply Management Summit and the 9th Annual Black Executive Supply Management Summit. Each summit has its own set of workshops, but general sessions are held together. Summits feature a well-rounded curriculum in supply management. Additional time has been built into the schedule to allow for active networking with colleagues attending the other summits. Students in supply management degree programs are invited to attend.

For those with supplier diversity responsibilities, take the Certified Professional in Supplier Diversity® (CPSD™) Exam before the summit starts. Exam fees are separate from summit registration.

To view the agenda, download the program brochure — or to register — visit the ISM website. Registration is US$845 for ISM members and US$1,045 for nonmembers. Student Member rate is US$250. Fees include all summit workshops and scheduled meals.

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Before January 12, 2012: 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 ISM members on December 5, 2011. Members 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, which is scheduled for Thursday, January 12, 2012 at 8 a.m. Mountain Standard Time at ISM headquarters: 2055 E. Centennial Circle, Tempe, Arizona.

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Website of Interest

This month's Website of Interest is My Purchasing Center™.

My Purchasing Center™ offers procurement news, pinpoints trends, interprets events, and presents proprietary pricing and supply data through unique content developed through its editorial staff, strategic content partnerships and by creating an online hub for information.

Its editorial content includes profiles of purchasing operations at companies in growth industries; how-to articles (example: negotiating dos and don'ts); supplier news (new product launches, software releases, plant/branch openings and so on); peer-to-peer collaboration and networking; education through games and learning tools; a calendar of educational and networking events; career and professional development information (news on promotions and new hires); and industry-specific news — electronics, office products, MRO indirect, logistics, commodities and technology.

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: COUNTERCLAIM.

Definition: Claim made by a defendant in civil law proceeding against the plaintiff; defendant in effect becomes the plaintiff as to the counterclaim.

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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