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91st Annual International Supply Management Conference and Educational Exhibit

In this issue...

May Manufacturing ISM Report On Business®:
PMI at 51.4%

Economic activity in the manufacturing sector grew in May for the 24th consecutive month, while the overall economy grew for the 43rd 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 grew for the 24th consecutive month in May based on the ISM data. While this represents the longest period of growth in the last 16 years, the data also indicates that the sector is losing momentum, as this month's PMI is at the lowest level since June 2003 when it registered 50.4 percent. The rate of growth in New Orders continues to decline, and this month only 11 of 20 industries are reporting improvement when comparing May to April. The Employment Index failed to grow, ending 18 months of employment growth. The manufacturing sector is definitely slowing, and the question is whether a somewhat stronger dollar and the burden of high energy costs are slowly bringing this manufacturing growth cycle to end."

To read the entire report click here.

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2005-06 Satellite Seminar Schedule

ISM Satellite Seminars offer the perfect opportunity to keep your supply management team up to date on timely, relevant topics that directly impact the profession. Since these broadcasts are downlinked through ISM affiliates or by individual companies across North America, you can attend a satellite seminar in your local area and incur little or no travel expense.

Each program is interactive. Although some portions of the programs are prerecorded, they include live question and answer segments where you can phone, fax, or e-mail your questions to the panelists.

The 2005-06 Satellite Seminar Schedule is as follows:

  • June 9, 2005 -- Discovering Supply Management's Social Conscience
  • October 20, 2005 -- Tools for Negotiations Success
  • February 9, 2006 -- Ethics in Supply Management: Minding Your Actions and Decisions
  • April 20, 2006 -- Risk and Change Management: Surviving in a Dynamic Business Environment
  • June 8, 2006 -- Buying Travel, Energy and Other Services

For more information, visit: click here.

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R. Gene Richter Scholarship Winners

ISM recognized recipients of the 2005 R. Gene Richter Scholarship Awards during its 90th Annual International Supply Management Conference and Educational Exhibit in San Antonio. The six scholarship recipients are:

  • Andrea L. Brown is a senior at Western Michigan University's (WMU) Haworth College of Business in Kalamazoo, Michigan
  • Jeanne Chan is entering her senior year at Michigan State University (MSU) in East Lansing, Michigan.
  • Anna Kroupnik is entering her senior year at the University of Maryland in College Park, Maryland.
  • Tania Santiago Mirabal is entering her senior year at The Pennsylvania State University, University Park, Pennsylvania.
  • Joseph W. Thornton is entering his senior year at Arizona State University in Tempe, Arizona.
  • Alyssa M. Waszczuk is entering her senior year at Michigan State University in East Lansing, Michigan.

To read the entire press release and to find out more about each winner click here.

Interested in Learning More About R. Gene Richter — The Man?
Read the interview that the Journal of Supply Chain Management conducted with Mr. Richter in the Winter 2000 issue click here.

More R. Gene Richter News!
The R. Gene Richter Awards for Leadership and Innovation in Supply Management were established to recognize innovative supply organizations that through strong leadership have dramatically increased their contribution to organizational success. Application period opens July 1, 2005.

For more information about the R. Gene Richter Awards click here.

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2006 Call for Presentations

Motivate your colleagues to reach new heights and inspire newcomers to embrace the profession when you present a workshop during ISM's 91st Annual International Supply Management Conference in Minneapolis, May 7-10, 2006. As a speaker at the 91st Annual International Supply Management Conference, you are telling your stakeholders that you and your organization are leaders in supply management.

Proposals accepted through July 1, 2005.

To answer the Call for Presentations click here.

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ISM Names 2004 Persons of the Year Award Recipients

ISM has announced its 2004 Persons of the Year Awards, honoring affiliate members who make outstanding contributions to ISM and the supply management profession. The 2004 Persons of the Year Award winners are officially honored at ISM's 90th Annual International Supply Management Conference and Educational Exhibit in San Antonio. Now in their fifth year, the awards recognize excellence in Education/Learning, Innovation/Creativity, Leadership, Marketing/Communicating and Volunteerism. Recipients of ISM's 2004 Persons of the Year Award are:

  • Education/Learning Person of the Year — Rich Flanagan, NAPM—Columbus, Inc.
  • Innovation/Creativity Person of the Year — Andrew Russell, NAPM—Southern Colorado, Inc.
  • Leadership Person of the Year — Cynthia Trainer, C.P.M., NAPM—Western Washington, Inc.
  • Marketing/Communicating Person of the Year — Barbara A. Shepard, C.P.M., NAPM—Columbus, Inc.
  • Volunteer Person of the Year — John R. Bird, C.P.M., A.P.P., NAPM—Western Wyoming, Inc.

To read the entire press release and for more information about each winner, click here.

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Major Keystones to Successful Supply Management

Supply Chain = Value Chain: Driving Results, a one-day program sponsored by ISM Materials Management Group and ISM Logistics & Transportation Group, July 28, 2005, Rio All-Suite Hotel and Casino, Las Vegas, NV.

  • New Strategies for Transportation Management
  • Warehouse Operations and Inventory Management: A Supply Management Interface
  • Supply Chain and the Balance Sheet
  • Speed and Cash … What's Your Role?

Materials management, logistics, transportation and finance are major keystones to successful supply management. Make sure all areas are working in tandem and gain a holistic view of the supply chain. This one-day educational experience is packed with strategies, processes and trends to help you and your organization thrive. $495 ISM Members/$695 Nonmember.

For more information or to register online click here.

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ISM Services Group Receives Excellence Award

ISM today announced the inaugural Groups and Forums Excellence Award winner. ISM Services Group garnered the 2004 Group or Forum of the Year Award at ISM's 90th Annual International Supply Management Conference and Educational Exhibit in San Antonio. Groups and Forums Excellence Awards recognize an ISM group or forum that demonstrates excellence in professional operations, educational offerings and recruitment, training and retention efforts, while at the same time communicating the value and prestige of ISM and the supply management profession.

To read the entire press release click here.

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Web Site of Interest

Today's Web site of interest is: Innovative Purchasing Resources, Inc.

Has a section dedicated to articles on purchasing topics including:

  • Capitalizing on Experience
  • Compliance and Legal
  • Professional Purchasing
  • Saving Money
  • Purchasing Case Studies

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: SELLER'S MARKET.

Definition: A competitive market condition in which demand exceeds supply and the economic forces of business give suppliers the upper hand in the marketplace.

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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Just in ETime Subscriptions

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 copy of the Just in ETime newsletter click here.

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Questions/Comments? Contact RaeAnn Slaybaugh.

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