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Tuesday, February 1, 2005
   

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90th Annual International Supply Management Conference and Educational Exhibit

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In this issue...
  • January Manufacturing ISM Report On Business®: PMI at 56.4%. Read more.
  • Report On Business® Annual Adjustments to Seasonal Factors. Read more.
  • Supply Management Month. Read more.
  • New ISM Board Members. Read more.
  • Never Underestimate the Power of a World-Class Supply Management Network. Read more.
  • Web Site of Interest. Read more.
  • Term of the Day. Read more.
  • Tell Your Coworkers About the Just in ETime Newsletter. Read more.
  • Contact Us. Read more.

January Manufacturing ISM Report On Business®: PMI at 56.4%

Economic activity in the manufacturing sector grew in January for the 20th consecutive month, while 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 Norbert J. Ore, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "January's PMI reflects continuing strength in manufacturing. Production and employment both accelerated during the month. Prices, particularly energy prices, continue to provide a challenge to buyers. However, the rate of increase of prices continues to decelerate, raising hopes that price inflation will moderate as the year advances. Inventory growth was significant in January, while supplier deliveries do not appear to be a problem based on a decelerating index. Additionally, only one commodity is listed in short supply."

To read the entire release click here.

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Report On Business® Annual Adjustments to Seasonal Factors

U.S. Department Of Commerce Makes Annual Adjustments to Seasonal Factors for ISM Manufacturing PMI and Diffusion Indexes and ISM Non-Manufacturing Diffusion Indexes

The U.S. Department of Commerce recently completed its annual adjustment to the seasonal factors used in the monthly Institute for Supply Management™ (ISM) Manufacturing Report On Business® and the monthly Institute for Supply Management™ (ISM) Non-Manufacturing Report On Business®. Economists and managers who track these indexes will note these changes are effective with the January 2005 ISM Manufacturing Report On Business®, which is scheduled to be released on February 1, 2005, and the January 2005 ISM Non-Manufacturing Report On Business®, which will be released on February 3, 2005.

Seasonal adjustment factors are used to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-movable holidays. It is standard practice to project the seasonal adjustment factors used to calculate the indexes a year ahead (2005).

To view the entire release including the Seasonal Adjustment Tables click here.

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Supply Management Month

It's that time of year again to celebrate YOU — the supply management professional. As most of you are aware, March is Supply Management Month, and the Institute for Supply Management™ will be participating in the 2005 Supply Management Month campaign and encourages you to do the same. Supply Management Month provides an opportunity to gain awareness and recognition for the supply management profession. This year's theme is Supply Management: Maximizing Opportunities, Managing Risk.

For more information click here.

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New ISM Board Members

The new 2005 ISM Board of Directors consist of the following executives:

  • Theresa Metty, C.P.M. -- Chair
    Motorola, Inc.
  • S. Tyrone (Ty) Alexander
    Highmark Inc.
  • John D. Blascovich
    A.T. Kearney, Inc.
  • Christine S. Breves, C.P.M.
    Alcoa, Inc.
  • Ian Crawford
    IBM Corp.
  • Willie A. Deese
    Merck & Co., Inc.
  • Jack Futcher
    Bechtel Corporation
  • Barron H. Harvey, Ph.D., CPA
    Howard University
  • Barbara B. Lang
    DC Chamber of Commerce
  • Lisa Martin
    Pfizer Inc
  • Tony Milikin
    MeadWestvaco Corporation
  • R. David Nelson, C.P.M.
    Delphi Corporation
  • Paul Novak, C.P.M., A.P.P.
    ISM
  • Holly LaCroix Johnson -- ex officio
    ISM
  • Deborah Webber, C.P.M. -- ex officio
    ISM

For more information about each of the ISM Board members click here.

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Never Underestimate the Power of a World-Class Supply Management Network

ISM's 38th Annual Supply Management Program
March 7 - 11, 2005
Tempe, Arizona

Learn to leverage your power during these exciting sessions:

  • Social Responsibility and the Supply Chain: Developing and Sustaining a Value Culture
  • Supply Management and the Bottomline: Maximizing Supply's Contribution to Organizational Goals and Objectives
  • Developing an Effective Performance Management System: Aligning Metrics with Strategy
  • Developing and Implementing Supply Strategies in an Environment of Uncertainty: A Supply Strategy Simulation
  • Current Issues and Future Directions in Supply Management

This comprehensive program provides a framework to build a supply team that creates and delivers measurable value.

Who Should Attend
This program is designed for leaders of change in supply management. Those in decision-making positions related to purchasing, procurement, suppliers, supply management or supply chain management will most benefit from this program. Typically, participants have responsibilities for planning, managing or directing supply functions or processes in alignment with organizational goals and objectives.

Early registration ends February 7, 2005.

To register online click here, or call one of our customer service associates at 800/888-6276 or 480/752-6276, extension 401.

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Web Site of Interest

Today's Web site of interest is the APQC WEB SITE
(known recently as the American Productivity & Quality Center).

This site is a good source for process and performance improvement information. The APQC organization focuses on:

  • benchmarking and best practices
  • knowledge management
  • metrics & measures
  • performance measurement
  • professional development initiatives

The Web site has a "Free Resources" section that non-APQC members can utilize, which contains articles, white papers, case studies, and/or publications.

To access this Web site click here.

Please note: This external Internet address contains information created, published, maintained, or otherwise posted by institutions or organizations independent of ISM. Links from this Web site, or any other Web site(s) accessible from this Web site, to any product, entity, service, or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other Web site.

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Term of the Day

Today's ISM Term of the Day is: NAICS (North American Industry Classification System).

Definition: System developed jointly by the U.S., Canada, and Mexico to classify business activity across North America. NAICS is expected to replace the U.S. Standard Industrial Classification (SIC) system.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day -- 7 days a week. The Term of the Day is taken from the Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary of Key Supply Management Terms 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.

To access the Glossary click here.

If you are not a member but would like membership information click here.

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Tell Your Coworkers About the Just in ETime Newsletter

The Just in ETime e-mail newsletter delivers ISM- and purchasing/supply-related news and updates to subscribers' desktop every other week. Your coworkers will receive breaking news, such as the ISM Report On Business®, information on upcoming seminars and programs, changes to certification rules/requirements, as well as Web sites of interest to purchasing/supply professionals. And best of all — there's no charge to subscribe!

For your free copy click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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