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Tuesday, September 4, 2012
   


In This Issue ...
  • August Manufacturing ISM Report On Business®: PMI at 49.6% — Read more.
  • Feature Article: The Changing Winds of Population Growth — Read more.
  • Nominations for John H. Hoagland Award Accepted Through September 30, 2012 — 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.


August Manufacturing ISM Report On Business®: PMI at 49.6%

Economic activity in the manufacturing sector contracted in August for the third time since July 2009; however, the overall economy grew for the 39th 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 49.6 percent, a decrease of 0.2 percentage point from July's reading of 49.8 percent, indicating contraction in the manufacturing sector for the third consecutive month. This is also the lowest reading for the PMI™ since July 2009. The New Orders Index registered 47.1 percent, a decrease of 0.9 percentage point from July, indicating contraction in new orders for the third consecutive month. The Production Index registered 47.2 percent, a decrease of 4.1 percentage points and indicating contraction in production for the first time since May 2009. The Employment Index remained in growth territory at 51.6 percent, but registered its lowest reading since November 2009 when the Employment Index registered 51 percent. The Prices Index increased 14.5 percentage points from its July reading to 54 percent. Comments from the panel generally reflect a slowdown in orders and demand, with continuing concern over the uncertain state of global economies."

Read the entire Manufacturing ISM Report On Business® release.

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Feature Article: The Changing Winds of Population Growth

Population trends have vast and wide-ranging impacts, affecting everything from economic patterns to the balance of political power. The ability — and flexibility — to adapt to these shifts, however incremental, will determine a company's degree of success and access to opportunities for many years to come. There is no time like the present to determine what this will likely mean for supply chain management.

This article spotlights research from the Center for Global Business Studies at Penn State's Smeal School of Business in University Park, Pennsylvania, which has identified three main characteristics of population change that will affect business practices in the coming decades.

Read this Inside Supply Management® article online.

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Nominations for John H. Hoagland Award Accepted Through September 30, 2012

Institute for Supply Management's™ (ISM) Educational Resources Committee is accepting nominations for the John H. Hoagland Award through September 30, 2012. Faculty, supply management practitioners and other professionals who have made distinguished contributions to the field of supply management are eligible to be nominated for the award.

Created in 2010, the John H. Hoagland Award recognizes and honors the contributions of outstanding academics and practitioners in supply management. Professor Hoagland taught supply management from 1952 to 1990 at Michigan State University to undergraduate, graduate and executive students. As one of the first academics in the field of purchasing and operations, he was instrumental in training doctoral students who would later deliver courses in purchasing at universities and colleges around the world. He also made strong contributions in research, focusing on business surveys to study leading economic indicators and business trends.

Detailed nomination criteria and requirements for the Hoagland award, as well as information on past recipients is located on the ISM website in the Education & Training section. Select Academic/Student Opportunities and follow the link to the Supply Management Academic Community Home Page.

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Website of Interest

This month's Website of Interest is: About.com: Logistics/Supply Chain.

About.com: Logistics/Supply Chain is a guide to logistics, transportation and warehousing offering many areas of education and useful links of associations, consultants and solutions.

Recent article/resource topics include supply chain management software, the recyclability of products, green supply chains, polls related to logistics strategy planning, forward-looking fuel standards, world-class purchasing strategy and warehouse best practices.

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: ADVANCED PLANNING AND SCHEDULING SOFTWARE.

Definition: Software that supports activities associated with Advanced Planning and Scheduling (APS).

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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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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