|In This Issue ...
- April Non-Manufacturing ISM Report On Business®: NMI at 53.5% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Feature Article: Making the Old Like New Again — Read more.
- Web Seminar May 17: "Reaching New Heights: The Dividends of Collaboration Between Finance and Procurement" — Read more.
- ISM Risk Management Conference Scheduled for July 2012 in Chicago: "Buying the Umbrella Before It Rains" — 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.
|April Non-Manufacturing ISM Report On Business®: NMI at 53.5%
Economic activity in the non-manufacturing sector grew in April for the 28th 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 53.5 percent in April, 2.5 percentage points lower than the 56 percent registered in March. This indicates continued growth this month, but at a slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 54.6 percent, which is 4.3 percentage points lower than the 58.9 percent reported in March, reflecting growth for the 33rd consecutive month. The New Orders Index decreased by 5.3 percentage points to 53.5 percent, and the Employment Index decreased by 2.5 percentage points to 54.2 percent, indicating continued growth in employment at a slower rate. The Prices Index decreased 10.3 percentage points to 53.6 percent, indicating prices increased at a significantly slower rate in April when compared to March. According to the NMI, 15 non-manufacturing industries reported growth in April. Respondents' comments affirm the slowing rate of growth. In addition, they remain concerned about rising fuel costs and the impact on shipping, transportation and petroleum-based product costs."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing Growth Remains Modest in April
At 51.4 in April, up from 51.1 in March, the JPMorgan Global Manufacturing PMI™ signaled a modest expansion of the world manufacturing sector for the fifth month in a row. Output, new orders and employment all continued to rise during the latest survey period.
There remained a marked divergence between the world's two largest industrial regions, the US and the Eurozone.
The US remained one of the principal spurs of global manufacturing growth in April, with the US PMI rising to a ten-month high. Rounding off a relatively positive start to Q2 2012 in North America, the Canada PMI also rose to its highest level in the year-to-date.
For the complete JPMorgan release, click here.
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|Feature Article: Making the Old Like New Again
In the fourth quarter of 2008, wireless communications provider T-Mobile USA, Inc., in Bellevue, Washington, examined its waste strategies and realized the company was not effectively repurposing mobile phones and devices. Because nearly 130 million cellphones are discarded by the American public each year, refurbishing existing phones would help reduce the amount of potential waste. Increased levels of refurbishment would not only help the environment, but could also benefit the bottom line if appropriate demand channels and logistical solutions were identified.
What began as a waste reduction program ultimately transformed the supply chain operations organization from an order fulfillment function to a manufacturing business that increased cash flow by US$110 million and reduced costs by 40 percent. This initiative has earned T-Mobile USA the 2012 Institute for Supply Management™ — Michigan State University Awards for Excellence in Supply Management award in the Sustainability category.
Read more about this initiative in this Inside Supply Management® article.
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|Web Seminar May 17: "Reaching New Heights: The Dividends of Collaboration Between Finance and Procurement"
Date: Thursday, May 17, 2012
Time: 2 p.m.-3 p.m. — U.S. Eastern/1 p.m.-2 p.m. — U.S. Central/12 p.m.-1 p.m. — U.S. Mountain/11 a.m.-12 p.m. — U.S. Pacific/6 p.m.-7 p.m. — GMT
Length: 60 minutes
Price: No cost
Format: Streaming only
Finance has traditionally counted on — and valued — the procurement function strictly for its ability to cut costs, giving the bottom line a much-appreciated lift. But in this new report — which surveyed 263 finance executives from North America, Europe and Asia — almost three-quarters of respondents say that the finance function at their company has grown more strategic-minded over the last three years.
In this webcast, we'll delve into the survey results, as well as sharing what we've learned from our in-depth interviews with more than half a dozen senior finance executives around the globe, to tell you how procurement's changing role might help your business gain a sustainable competitive edge.
- Sam Knox
Vice President and Director of Research
CFO Research Services
- John Lark
Director, Solutions Marketing
- Nora Pollard Neibergall, CPSM, CPSD, C.P.M.
Senior Vice President
Institute for Supply Management™
Registration is available online.
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|ISM Risk Management Conference Scheduled for July 2012 in Chicago: "Buying the Umbrella Before It Rains"
Dates: July 26-27, 2012
Chicago Marriott O'Hare
8535 W. Higgins Road
Chicago, Illinois 60631
$845 ISM members
$1,045 for nonmembers
Early Bird Discount: Take $100 off the conference registration fee by registering no later than June 12, 2012.
Team Discount: There is a US $100 discount (per person) for organizations registering three or more people for this program. All registrations must be placed at the same time. (This discount offer is not available online.)
"Buying the Umbrella Before It Rains" is a new program from ISM that addresses the many facets of risk management. Discover how organizations successfully confront risk using innovative tools and processes and make those solutions part of your risk management survival kit. Sessions include takeaways and success stories to apply to your enterprise. Practitioners share their tried-and-true stories to help you avoid pitfalls.
If the past few years have taught us anything, it's that if we want to succeed, we must be prepared. This program promises leading-edge information and success stories about risk and the supply chain. Some sessions are in development so that ISM can bring you the most up-to-date strategies.
Register now for the best savings, and ISM will send specific session information for your selection.
- Create value
- Selling the plan
- Addressing uncertainty
- Continuous improvement
For complete conference information, to register, or to sign up to receive additional information about this program, 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 email address. (If you have more than one email address, try each one.)
- If you do have an account, the ISM system will email you your username and password.
- If, however, the system tells you the email 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: CHOICE OF FORUM.
Definition: Determination that may be made by agreement of contracting parties of the court before which any dispute arising out of the contract will be litigated; the clause may name a specific state court in a particular location (county and/or city) or any court in a particular state that has jurisdiction.
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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