|In This Issue ...
- July Manufacturing ISM Report On Business®: PMI at 49.8% — Read more.
- Feature Article: The Case for Hiring (and Training) Supply Management Generalists — Read more.
- August 7 Web Seminar: "Maximize the Strategic Value of Supplier Networks"" — Read more.
- Institute for Supply Management™ (ISM) Unveils New Website" — 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.
|July Manufacturing ISM Report On Business®: PMI at 49.8%
Economic activity in the manufacturing sector contracted in July for the second time since July 2009; however, the overall economy grew for the 38th 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 49.8 percent, an increase of 0.1 percentage point from June's reading of 49.7 percent, indicating contraction in the manufacturing sector for the second consecutive month, following 34 consecutive months of expansion. The New Orders Index registered 48 percent, an increase of 0.2 percentage point from June and indicating contraction in new orders for the second consecutive month, but at a slightly slower rate. Both the Production Index and the Employment Index remained in growth territory, registering 51.3 percent and 52 percent, respectively. The Prices Index for raw materials registered 39.5 percent, an increase of 2.5 percentage points from the June reading of 37 percent, indicating lower prices on average for the third consecutive month. A growing number of comments from the panel this month reflect a slowdown in their businesses and general concern over increasing economic uncertainty."
Read the entire Manufacturing ISM Report On Business® release.
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|Feature Article: The Case for Hiring (and Training) Supply Management Generalists
Given today's complex supply chains, category managers and sourcing specialists are certainly sought-after. If they do their jobs efficiently, they can leverage their purchasing power with deep knowledge of the lowest-all-in-cost suppliers.
But, is there an emerging case for hiring (and training up) generalists instead — those unique individuals who can source entire supply chains and understand the risk from a broader perspective?
The answer is yes for Bechtel Corporation, a global engineering, construction and project management organization based in Houston. With nearly 53,000 employees and end-to-end projects all over the world, the company recently posted revenues of nearly US$33 billion and booked new work valued at more than $53 billion.
eSide Supply Management interviewed David Hammerle, Bechtel's corporate manager of procurement and contracts, to find out why generalist supply management professionals are a good fit for his particular business model.
Read this eSide Supply Management article online.
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|August 7 Web Seminar: "Maximize the Strategic Value of Supplier Networks"
Date: Tuesday, August 7, 2012
Price: No cost
Length: 60 minutes
Format: Streaming only
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. — US Pacific
6 p.m.-7 p.m. — GMT
Doing business on supplier networks is helping companies around the world achieve 31 percent increases in sales opportunities — that's huge! And, it's just one of the insights Aberdeen Group Analyst Constantine Limberakis will share in this August 7 web seminar.
This is a rare opportunity to interact with Limberakis, an industry expert who knows supplier networks inside and out. He'll share proven, effective steps to help you maximize the use of supplier networks, so you can:
- Supercharge supplier enablement and collaboration
- Automate P2P-based transactions
- Increase market and sales opportunities
Download the related Aberdeen report, Supplier Networks v2.0 : A Look at Commerce in the Cloud. Sign up for the web seminar on the ISM website.
- Constantine Limberakis
- John Lark
Director, Solutions Marketing
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|Institute for Supply Management™ (ISM) Unveils New Website
Visitors to the Institute for Supply Management™ (ISM) website are enjoying an attractive new look and extensive functional enhancements, thanks to an ambitious revamp, which debuted July 19, 2012. As part of the user-centered website redesign, ISM members and other users were asked how they wanted to find and search for information and content.
ISM's website has long offered public and members-only content in the form of articles, educational courses, conference proceedings, research, products and news. Improvements and new features include:
- Easier way to find content — Through the blue boxes across the top of every page, individuals can either click on the main topic heading, or click on anything that appears on the second menu. Once on that section's main page, visitors will see more options on the right side of the page.
- Significantly improved search capabilities throughout the site — Either use the blue box at the top right of every page, or link directly to search.
- Improved site map section — Accessible via the link at the top right of the page. This provides a full menu of all the main navigation items throughout the site.
The redeployed site is adaptable to desktop computer as well as tablet and smartphone devices.
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|Website of Interest
This month's Website of Interest is: The 21st Century Supply Chain Blog
The 21st Century Supply Chain Blog is features posts by 15 different members of the Kinaxis consultancy team — and the occasional guest blogger — which offer insights and perspectives on innovative supply chain management strategies. Recent topics include "big data," supply chain strategy implementation, building market-driven value networks and responsiveness as a risk management strategy.
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: SUPPLIER COLLABORATION.
Definition: The process by which an organization works with its supplier to accomplish common goals or objectives; also known as supplier relationship management (SRM).
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 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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