|In This Issue ...
- May Non-Manufacturing ISM Report On Business®: NMI at 53.7% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Feature Article: Sharing Value With Suppliers — Read more.
- Web Seminar July 24: "Intel and Conflict Minerals: A Journey of Learning, Challenges and Leadership" — 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.
|May Non-Manufacturing ISM Report On Business®: NMI at 53.7%
Economic activity in the non-manufacturing sector grew in May for the 29th 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 53.7 percent in May, 0.2 percentage point higher than the 53.5 percent registered in April. This indicates continued growth this month at a slightly faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 55.6 percent, which is 1 percentage point higher than the 54.6 percent reported in April, reflecting growth for the 34th consecutive month. The New Orders Index increased by 2 percentage points to 55.5 percent, and the Employment Index decreased by 3.4 percentage points to 50.8 percent, indicating continued growth in employment at a slower rate. The Prices Index decreased 3.8 percentage points to 49.8 percent, indicating lower month-over-month prices for the first time since July 2009. According to the NMI, 13 non-manufacturing industries reported growth in May. The majority of the respondents' comments are positive and optimistic about business conditions and the direction of the economy."
Read the entire May Non-Manufacturing ISM Report On Business® release.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Growth Slowdown in Global Manufacturing During May
The JPMorgan Global Manufacturing PMI™ — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — fell to 50.6 in May, down from 51.4 in April, to its lowest reading in five months.
The main drag on global industry remained Europe, with the Eurozone and UK PMIs falling to three-year lows. PMIs for Germany, France, Italy, Spain, the Netherlands and Greece all signaled contractions. Ireland saw a modest expansion, but Austria edged closer to stagnation.
Read the complete JPMorgan release.
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|Feature Article: Sharing Value With Suppliers
Without a doubt, the economic downturn was difficult on everyone. But when sparks of life began lighting up the dark financial atmosphere in late 2009, it proved too late for some suppliers to recover. Significant cutbacks in production left thousands of smaller suppliers struggling to remain in business. Overleveraged and financially wounded, many of these suppliers were unable to survive even as their customers began ramping up production.
In the midst of this bleak scenario, some large manufacturing organizations have opted to share financial expertise, efficiency and lean manufacturing knowledge — and, in some cases, actual capital — with their smaller, highly valued suppliers to pull them from the brink. These efforts are leading to new opportunities to maximize value while providing needed assistance to suppliers. An era of mutual benefit is now under way, especially with some of the largest manufacturers in the world.
Read this Inside Supply Management® article in its entirety.
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|Web Seminar July 24: "Intel and Conflict Minerals: A Journey of Learning, Challenges and Leadership"
Date: Tuesday, July 24, 2012
Time: 3 p.m.- 4:30p.m. — US Eastern/2 p.m.-3:30 p.m. — US Central/1 p.m.-2:30 p.m. — US Mountain/12 p.m.-1:30 PM — US Pacific/7 p.m.-8:30 p.m. — GMT
Length: 90 minutes
Price: $69 — ISM members; $99 — Non-Members
Intel is a recognized leader in the development and implementation of conflict minerals business practices. Join this interactive session with an expert willing to share processes, challenges encountered and overcome, key questions to ask, how to map supply lines and what a due diligence framework might look like. Practical observations and information on available resources will also be addressed during an ample time for Q&A.
Duran joined Intel in 1998 as a process engineer in the Portland Technology Development Group. In the next nine years, she held technical and management positions in research and development groups, focusing on interconnects, polymer memory and wafer test methods. In 2007, she joined the Fab Materials group. Duran began leading the conflict minerals program for Intel in Apr 2011, and also manages a team of technologists who ensure Intel's supply line meets worldwide Environmental Health and Safety regulatory requirements.
She received her B.S. in Materials Science and Engineering from Carnegie Mellon University, and her Ph.D. in the same field from Northwestern University.
John serves as the editor of Inside Supply Management®, the flagship publication of the Institute for Supply Management™ and the authoritative resource for supply management executives in companies of all sectors, shapes and sizes.
John has worked in the publishing industry for more than 15 years — both in newspapers and trade publications. He began his career at ISM in 1999 as a senior writer, and was promoted to the role of editor.
John holds his degree in English from the University of Northern Iowa.
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.
The conference includes two tracks to help you define your learning. Track One is for those new to risk management. Focus on Track One if you're looking to build a foundation in this complex arena. Track Two is for experienced professionals who wish to continue building their risk strategies.
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: SALES MANAGEMENT.
Definition: Directing the sales efforts of an organization, including developing strategies, establishing goals, supervising the sales force, and evaluating and reporting results.
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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