Thursday, March 3, 2005
   


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In this issue...
  • February Non-Manufacturing ISM Report On Business®: Business Activity at 59.8%. Read more.
  • JPMorgan Global Manufacturing PMI. Read more.
  • Today's the Day! Read more.
  • ISM's New Endeavor: Supply Management Image Campaign. Read more.
  • ISM Web Seminar: The Sarbanes-Oxley Act: Best Practices in Supply Management Process Controls. Read more.
  • March is Supply Management Month. Read more.
  • Annual Conference Update -- Hotel Information. Read more.
  • ISM Teams with St. John's University Promising Solutions for You. Read more.
  • ISM Professional Seminar Update - April Topics. Read more.
  • Term of the Day. Read more.
  • Contact Us. Read more.

February Non-Manufacturing ISM Report On Business®: Business Activity at 59.8%

Business activity in the non-manufacturing sector increased in February 2005, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®.

The report was issued today by Ralph G. Kauffman, Ph.D., C.P.M., chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee and coordinator of the Supply Chain Management Program, University of Houston-Downtown. "Non-manufacturing business activity increased for the 23rd consecutive month in February," Kauffman said. He added, "Business activity increased at a faster rate in February, as did new orders. February's increases in these two indexes and in the indexes for employment, backlog of orders and new export orders indicate a reversal of the decline in these measures noted in January's report."

To read the entire report click here.

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JPMorgan Global Manufacturing PMI

Consolidation of global manufacturing economy continued in February, as growth in output, new orders and employment steadied.

The latest PMI data from across the world suggested a broad stabilization in the rate of growth of the global manufacturing economy. At 52.8 in February, down from 53.0 in January, the Global Manufacturing PMI — a composite index produced by JPMorgan and NTC in association with ISM and IFPSM — was little-changed from the level of recent months, with indexes of output, new orders and employment all holding steady in February.

At 54.0 in February, little-changed from January's 54.1, the Global Manufacturing Output Index was consistent with approximately 3% annualized growth in manufacturing production, similar to the pace seen in the three months to December 2004. Output has increased in each of the past twenty-two months, with growth remaining broad-based by country. Growth of Chinese, Eurozone and Japanese manufacturing output were all stronger than one month ago. The average rate of increase for the euro area improved slightly to a four-month high. Japan continued to recover from the contraction recorded in December 2004, but saw its rate of growth remain below its US, Eurozone, UK and Chinese counterparts. However, improved growth in East-Asia and the Eurozone was largely offset by slower rates of expansion for the US and the UK.

To view the entire press release click here.

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Today's the Day!

Don't forget, today is the deadline for the best discount for your annual Conference registration. Register today and you'll save $100 on a complete Conference registration. We're expecting over 2,000 supply management professionals this year. ISM's 90th Annual International Supply Management Conference and Educational Exhibit is the place to be. May 8-11, 2005 in San Antonio, TX.

To register online today click here.

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ISM's New Endeavor: Supply Management Image Campaign

The primary objective of the ISM public relations program is to increase the awareness of supply management and help shape the image of the profession. Supply Management Month activities in March 2005 mark the launch of the supply management image campaign designed to increase awareness of the vital role of supply management in business today.

During 2004, several supply management professionals were brought together in a series of focus groups. From the information gathered, we developed the image campaign theme: Supply Management: Maximizing Opportunities, Managing Risk.

In addition to responding to media requests, ISM is aggressively seeking opportunities for highlighting the value of supply management in print and broadcast coverage as well as seeking opportunities to speak at conferences and other events. A volunteer team of supply management professionals from various industries are being trained to speak on behalf of the profession.

For more information on public relations activities and resources at ISM click here.

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ISM Web Seminar: The Sarbanes-Oxley Act: Best Practices in Supply Management Process Controls

Join ISM on Tuesday, March 29th for this one-hour Web seminar. Discover why leaders are adopting these requirements as a best practice to improve efficiencies as a strategic competitive advantage. Get the facts about compliance with SOX Section 404 and a host of other related legislation that can impact your organization. We will demonstrate the value of standardizing your business processes and explore potential dangers. This session is presented by Dr. Anthony Tarantino, chief compliance strategist at Logical Apps, who has over 20 years of industry and consulting experience in supply management.

Registration fees are $99 per individual or $179 for two or more attendees per connection. The session begins at 10:00 a.m. Pacific / 1:00 p.m. Eastern.

To register click here.

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March is Supply Management Month

Supply Management Month provides an opportunity to increase the awareness and recognition of the field of supply management and share examples of the important role we have in business today.

For complete details click here.

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Annual Conference Update -- Hotel Information

The Hilton Palacio del Rio is nearing capacity. There are seven other first-rate hotels to choose from -- all within walking distance to the Henry B. Gonzalez Convention Center. Conference hotels run the gamut from corporate to express to unique San Antonio boutique properties. For a complete listing, refer to page 47 of your official Conference brochure or visit the Hotels and Travel section of the Conference on the ISM Web site (both sources include a handy map to help you make your hotel choice).

AmeriSuites - Riverwalk § Emily Morgan Hotel § Homewood Suites - Riverwalk § Hyatt Regency San Antonio On the Riverwalk at Paseo del Alamo § Residence Inn by Marriott § The Menger § Westin Riverwalk Hotel

When making reservations be sure to identify yourself as an ISM Conference participant to get the ISM discount rate.

For complete details click here.

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ISM Teams with St. John's University Promising Solutions for You

The Power of the Services Supply Chain: Strategies and Integration, June 2, 2005 at St. John's University on the Manhattan Campus, New York, NY. Minimize your time away from the office by attending this one-day event. Maximize your educational value by participating in every session. Our hand-picked speakers include leaders in supply management from world-class organizations. Sessions include:

  • Consume in Moderation: Strategies to Contain the Cost of Professional Services
  • Optimizing an Integrated On-Demand Supply Chain for Services
  • Gearing Up to Lower the Services Spend
  • Attacking Nontraditional Spend: How Tyco Is Sourcing Services

For more information or to register click here.

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ISM Professional Seminar Update - April Topics

Want better balance in your supply chain? Register for an ISM professional seminar and get the skills you need to achieve greater balance. Our April schedule includes a wide variety of titles, including some new ones. Enhance your career by increasing your organization's global competitive edge. Register today and gain insight from any of these valuable topics:

Register 30 days or more in advance and receive a $200 discount. Save even more when you register online. To learn more about ISM's professional seminars or to search other great topics, dates and locations, click here.

If you or a colleague can benefit from attending one or more of these skill-building seminars, contact ISM today. To speak to a Customer Service Associate, call 800/888-6276 or 480/752-6276, extension 401. Or to visit ISM online, click here.

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Term of the Day

Today's ISM Term of the Day is: MATERIAL REQUIREMENTS PLANNING (MRP).

Definition: A system used to determine the quantity and timing requirements of Dependent Demand materials used in a manufacturing operation. Materials can be purchased externally or produced in-house. The computer-based system utilizes a master production schedule, bill of materials, and current inventory data to determine current new requirements and timing.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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