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In this issue...
  • March Manufacturing ISM Report On Business®: PMI at 55.2%.  Read more.
  • March Non-Manufacturing ISM Report On Business®: Business Activity at 63.1%.  Read more.
  • Free Web Seminar: Contract-centric Approach to Procurement.  Read more.
  • Spring Conference for the Hospitality Supply Chain.  Read more.
  • Annual Conference Update -- Our Keynote Line-up.  Read more.
  • ISM Teams with St. John's University Promising Solutions For You.  Read more.
  • Web Site of Interest.  Read more.
  • Term of the Day.  Read more.
  • Subscribe to Just in ETime Newsletter.  Read more.
  • Contact Us.  Read more.

March Manufacturing ISM Report On Business®: PMI at 55.2%

Economic activity in the manufacturing sector grew in March for the 22nd consecutive month, while the overall economy grew for the 41st 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. "The manufacturing sector maintained its strength in March, finishing the first quarter in a relatively strong position. Growth in New Orders and Inventories helped offset lower index readings in Production, Supplier Deliveries and Employment. Price inflation continues to present a problem for manufacturers as the Prices Index gained significant momentum."

To read the entire report click here.

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March Non-Manufacturing ISM Report On Business®: Business Activity at 63.1%

Business activity in the non-manufacturing sector increased in March 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 24th consecutive month in March," Kauffman said. He added, "Business activity increased at a faster rate in March, as did new orders. Backlogs of orders also increased at a substantially faster rate than in February, indicating the likelihood of continued strong business activity in the months ahead. Additional good news is that none of the 17 industries included in ISM's non-manufacturing business survey reported a decrease in business activity compared to February."

To read the entire report click here.

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Free Web Seminar: Contract-centric Approach to Procurement

April 19, 2005
2:00 EST and 11:00 PST

Procurement organizations are under immense cost and regulatory pressures to put systems in place to maximize sourcing and vendor management. But a sourcing system without a contract management and compliance system makes it impossible to maximize the value of your supplier relationships. Attend this Web seminar to learn how a contract-centric approach to procurement allows you to:

  • Ensure immediate compliance, solving the most critical corporate imperative
  • Source and make your agreements better and provide higher incremental value
  • Improve productivity by standardizing and streamlining your contracting processes

For more information or to register click here.

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Spring Conference for the Hospitality Supply Chain

Early registration ends today.

Hospitality Supply Management, an ISM Forum, presents the Spring Conference for Hospitality Supply Chain Management, May 18-20, 2005, The Palmer House Hilton, Chicago, IL. All sessions focus on supply management in the hospitality industry. A special part of this program is that C.P.M. and CFPM testing is offered May 18, 2005, 12:00 - 4:00 p.m. If you are a supply manager in the hospitality industry and you are pursuing your Certification, then this is the place for you. Take up to two modules on Wednesday and then kick-back and attend the Spring Conference as a reward for your diligence. An added bonus is a luncheon with Chef Paul Prudhomme. Following a cooking demonstration by Chef Paul, experience flavors from around the world as you stroll from station to station through this journey of flavors.

Registration Fee: $299 ISM Members/$379 Nonmembers when you register by April 1, 2005. Add $50 if you register after April 1, 2005.

For more information, or to register for this Conference click here.

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Annual Conference Update -- Our Keynote Line-up

Start Your Legacy in 2005 when you attend the 90th Annual International Supply Management Conference and Educational Exhibit. Our keynote line-up includes something for everyone from Ann Richards, the former governor of Texas to David Robinson, retired NBA All-Star and World Champion. Both speakers will inspire you with their determination and drive. Monday's keynote address is from Dieter Huckestein, President - Hotel Operations, Owned & Managed, Hilton Hotels Corporation, who presents insight into Hilton's balanced scorecard system which has contributed to the success of this world-class hotel chain. Hear how Waste Management, Inc., continues to impress investors with a strong financial showing when David P. Steiner, Chief Executive Officer, Waste Management, Inc. presents a keynote address on Tuesday. Gain insight into the state of the economy during the Economic Session, Tuesday, 7:45 a.m.

For the best discount price, register before April 25, 2005.

For more information about the Conference keynote presentations 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 on this program or to register online click here.

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Web Site of Interest

Today's Web site of interest is: MRI: Montgomery Research, Inc.

Free online membership grants you access to articles and white papers. Has section geared towards supply chain management. Including an annual magazine -- Achieving Supply Chain Excellence through Technology: The ASCET Project -- designed to educate and inform senior executives on how to effectively integrate new supply chain techniques and technologies to increase profits.

This Web site also has information dedicated to the following topics:

  • Customer relationship management
  • Financial Performance
  • Government
  • Healthcare
  • Mobile & Wireless
  • Semiconductor
  • Utilities

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: WEIGHT, GROSS.

Definition: Total combined weight of the article, container, and packing material.

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.

Help us update this Glossary! If you don't find the term or definition that you are looking for let us know. We will be updating the ISM Glossary in the coming months, and your input will be useful for the new edition. To contact us regarding the Glossary, e-mail: surveys@ism.ws

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Subscribe to 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 -- FREE! 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 supply/procurement professionals.

For your free subscription to the Just in ETime newsletter click here.

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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