Thursday, September 6, 2012
   


In This Issue ...
  • August Non-Manufacturing ISM Report On Business®: NMI at 53.7% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Seeking a Return on Enabling — Read more.
  • Incorporate Sustainability and Social Responsibility Into Your Supply Chain — Read more.
  • Check Out ISM's F@stLearning Series — 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.


August Non-Manufacturing ISM Report On Business®: NMI at 53.7%

Economic activity in the non-manufacturing sector grew in August for the 32nd 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 August, 1.1 percentage points higher than the 52.6 percent registered in July. This indicates continued growth this month at a slighter faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 55.6 percent, which is 1.6 percentage points lower than the 57.2 percent reported in July, reflecting growth for the 37th consecutive month. The New Orders Index decreased by 0.6 percentage point to 53.7 percent. The Employment Index increased by 4.5 percentage points to 53.8 percent, indicating growth in employment after one month of contraction. The Prices Index increased 9.4 percentage points to 64.3 percent, indicating substantially higher month-over-month prices when compared to July. According to the NMI™, 10 non-manufacturing industries reported growth in August. Respondents' comments continue to be mixed, and for the most part reflect uncertainty about business conditions and the economy."

Read the entire Non-Manufacturing ISM Report On Business® release.

Back to Top


Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI at 38-Month Low in August

The global manufacturing downturn gathered pace in August, with rates of contraction in output and new orders accelerating to the fastest since mid-2009.

At 48.1 in August, down slightly from 48.4 in July, the JPMorgan Global Manufacturing PMI™ — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — remained below the neutral 50.0 mark that separates expansion from contraction for the third consecutive month. The headline index currently stands at its lowest level since June 2009.

Read the entire JPMorgan release.

Back to Top


Feature Article: Seeking a Return on Enabling

When a company and a strategic supplier collaborate to develop or improve a product, technology or service, the result is a classic win-win situation. The company receives the new product or upgrade it needs and, through the sharing of intellectual property (IP) and engineering expertise, this enables the supplier to improve, as well. An important role for supply management in this collaboration process is ensuring that the company receives a return for its part in enabling the supplier to become more competitive in the marketplace.

Return on enabling (ROE) is a concept that provides value to supply management organizations and their critical suppliers through planning, developing and negotiating a formal collaboration agreement. A collaboration agreement, although challenging to negotiate and execute, is important when organizations share ideas, data and other information with suppliers. It establishes the return — or business advantage — a company will receive from its supplier for enabling that supplier to improve its product or service and gain an edge in the market.

Read this Inside Supply Management® article in its entirety.

Back to Top


Incorporate Sustainability and Social Responsibility Into Your Supply Chain

Registration is open for Institute for Supply Management™'s (ISM) Sustainability and Social Responsibility Conference taking place November 1-2, 2012 in Manhattan Beach, California. This event provides strategies and expert perspectives for professionals who are heeding the call to optimize resources, eliminate waste and build the foundation for organizational success.

Over the past five years, this program has explored current practices and insights from business leaders and implementation strategies for incorporating sustainability and social responsibility into business strategy. The 5th Annual Sustainability and Social Responsibility Conference offers eight general sessions, panel discussions, networking breaks and ideas for moving forward with responsible and sustainable business practices. General sessions include:

  • Value Chain Survey: Discovering How Sustainability Practices Lead to Success
  • Operationalizing Sustainability in the Supply Chain: Widening the Net
  • Embracing Sustainability: McDonald's Recipe for Diversity and Inclusiveness
  • Strengthen Your Supply Chain With Supply Base Diversity

Cost is US$949 for ISM members, US$1,149 for nonmembers and US$250 for ISM student members. Fees include all workshops and scheduled meals. Register by September 26, 2012 and save US$100 off the registration fee. Visit ISM online for a full agenda and to register.

PRE-CONFERENCE SEMINAR
This year's Sustainability and Social Responsibility Conference features a separate Pre-Conference Seminar, "Mastering Sustainability and Social Responsibility in the Supply Chain." This completely new seminar takes place October 30-31, 2012 and will provide attendees with a foundational knowledge of sustainability and social responsibility issues as well as offer tools and best practices that can be applied to attendees' specific situations. Case studies and significant attendee participation augment lecture-style presentations. Cost is US$1,399 for ISM members, US$1,699 for nonmembers. Attendees will earn 14 Continuing Education Hours (CEHs). Visit the ISM website for a complete outline and information on how to save US$200 on by attending both programs.

HOTEL INFORMATION
Manhattan Beach Marriott is located at 1400 Parkview Avenue, Manhattan Beach, California. Call +1 310/546-7511 or 800/228-9290. The special ISM room rate of US$154 if offered through October 8, 2012. Be sure to use the ISM Group Code ismisma when making reservations. This facility is ENERGY STAR CERTIFIED and is three miles from Los Angeles International Airport (LAX). Attendees are responsible for ground transportation.

Back to Top


Check Out ISM's F@stLearning Series

ISM's F@stLearning is a series of short, user-friendly, independent study courses — approximately one to two hours in length. The series is designed to enhance your knowledge in a specific area of supply chain management or business. The learning methodology is based on the SET Model: Study the material, complete a number of Exercises, and then to Test on what you've learned.

Once you purchase the course, you will be able to download the materials in .pdf format and start when you are ready. Once you pass the end-of-course test, you'll be able to download a Certificate of Completion from the ISM website.

NOTE: All F@stLearning Series courses and tests are active for one year from the date of purchase.

Earn Continuing Education Hours (CEHs) with the F@stLearning Series. Next to each title, you'll see the number of CEHs each series is worth.

Member Price: US$29
Non-Member Price: US$49

Back to Top


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, click "create an account" in the upper right-hand corner of the ISM Home Page.

  • If you do have an account, enter your username and password in the upper right-hand corner of the ISM Home Page.

  • Under the "Membership" tab, select the "My Account."

  • Select "Manage Newsletters."

  • 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.

Back to Top


Term of the Day

Today's ISM Term of the Day is: CERTIFIED PUBLIC PURCHASING OFFICER.

Definition: Certification designation administered through the Universal Public Purchasing Certification Council (UPPCC).

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.

Back to Top


Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

Back to Top