Friday, July 1, 2005

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In This Issue...

June Manufacturing ISM Report On Business®: PMI at 53.8%

Economic activity in the manufacturing sector grew in June for the 25th consecutive month, while the overall economy grew for the 44th 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 25th consecutive month in June based on the ISM data. The improved rate of growth in New Orders is quite encouraging, particularly when combined with a slower rate at which prices are escalating. These are the most positive signs that we have seen in several months, and they indicate that we may be through the 'soft patch' that many observers touted. High energy costs and the stronger dollar are still major concerns to purchasers."

To read the entire report click here.

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Supply Chain = Value Chain: Driving Results

A One-Day Educational Program
July 28, 2005
Rio All-Suite Hotel
Las Vegas

Sponsored by:
ISM Materials Management Group
ISM Logistics & Transportation Group

  • 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?

As a supply management professional, you are the wide angle lens of your business. You must see the business from all directions and points of view. It's your job to accommodate both internal and external customers all the while coordinating and managing suppliers. Attend this program and fine-tune your skills. Discover new trends in warehousing, transportation and improve your financial analysis expertise. This program offers lessons learned and success stories that you can apply in your organization. Stay ahead of your competition when you learn new ways to maximize the performance of your enterprise.

Speakers from:

  • Aberdeen Group
  • CATTAN Services Group, Inc.
  • Schneider Logistics, Inc.
  • Dell, Inc.

Earn 6.50 Continuing Education Hours (CEHs) towards your Recertification.

ISM Member Fee $495 (USD)/Nonmember Fee $695 (USD)

For program information or to register now, click here.

If you are attending the ISM Leadership Workshop in Las Vegas, why not come in a day early and participate in this valuable educational experience.

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ISM Resource Guides

The ISM Resource Guides are "packets of information" on popular topics. Each guide includes 5-10 articles from various ISM publications, links to other relevant Web sites and suggested reading with contact information from a variety of other sources.

The ISM Resource Guides are FREE to ISM Members. Over 30 titles now available. New additions to the Resource Guide collection include:

  • Reverse Auctions
  • Rating and Evaluating Suppliers
  • Project Management

For the complete list of available titles click here.

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Free Online Courses in the ISM Knowledge Center

Have you ever wondered if self-paced online courses are for you? Hesitant to register because you're worried about wasting hard-earned money? ISM has the solution for you. ISM offers several FREE online programs that allow you to try the online environment without worrying about the cost. Plus you can earn continuing education hours (CEH).

The list of free online courses includes:

  • Ethics: A Behavioral Awareness Tool
  • Price Analysis, Cost Analysis, or Total Cost of Ownership: Determining the Best Approach
  • Affiliate Management
  • Volunteer Management

For course outlines or to register for an online course click here.

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Web Site of Interest

Today's Web site of interest is: The Chartered Institute of Purchasing & Supply (CIPS)

CIPS is an international education and qualification institute representing purchasing and supply chain professionals. CIPS exists to promote and develop high standards of professional skill, ability and integrity among all those engaged in purchasing and supply chain management.

Here's a list of just a few of the available resources on the CIPS Web site:

  • Purchasing and Supply Management Model
  • Tools/Templates
  • Glossary of Terms
  • Briefing Reports
  • Knowledge in Action Series
  • Resource Links
  • Salary Survey

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: BREACH OF CONTRACT.

Definition: A failure to perform any promise which forms a part of a contract.

A different Term of the Day is posted on the ISM Home Page ( 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:

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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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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