--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Wednesday, July 6, 2005
   


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In This Issue...
  • June Non-Manufacturing ISM Report On Business®: Business Activity at 62.2%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • ISM Professional Seminar Update -- August Topics.  Read more.
  • Supply Line 2055: Certification Update.  Read more.
  • R. Gene Richter Awards for Leadership and Innovation in Supply Management.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

June Non-Manufacturing ISM Report On Business®: Business Activity at 62.2%

Business activity in the non-manufacturing sector increased in June 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 27th consecutive month in June," Kauffman said. He added, "Business activity increased at a faster rate in June than in May. New Orders and Backlog of Orders increased more slowly, but Employment increased faster in June. The overall indication is continued economic growth in the non-manufacturing sector in June at about the same rate of increase as in May. The Prices Index increased in June, indicating that recent increases in energy are being felt by non-manufacturing industries."

To read the entire report click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Expansion of Global Manufacturing Economy Improved During June, Following Recovery in Growth of New Orders and Production.

At 52.4 in June, the Global Manufacturing PMI -- a composite index produced by JPMorgan and NTC in association with ISM and IFPSM -- signaled a material improvement of operating conditions in the global manufacturing economy. This was largely the result of a marked strengthening in growth of new orders, which supported a sharper rate of increase for manufacturing output.

The stronger performance of the global manufacturing economy was the result of improvements in operating conditions recorded for the US, Japan, Eastern-Europe, Australia, Denmark and South Africa. The performance of the European Union continued to lag the other major industrial regions for which June data were available, with operating conditions little-changed from the previous month.

To read the entire release, click here.

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ISM Professional Seminar Update -- August Topics

Build innovation in your organization's supply chain…
and increase your company's competitive edge. Every ISM seminar focuses on providing the knowledge and skills you need to make a positive impact within your organization. Contribute to your company's success by registering today to attend our most popular sessions offered in August:

Earn Continuing Education Hours (CEHs) and save $200 per person when you register 30 days or more in advance of the program start date. Save even more when you register online at www.ism.ws. To speak to a Customer Service Associate, call 800/888-6276 or 480/752-6276, extension 401.

To learn more about ISM's professional seminars or to search other great topics, dates and locations click here.

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Supply Line 2055: Certification Update

The latest edition of Supply Line 2055: Certification Update was distributed on July 5, 2005. This issue featured the following subjects:

  • Take C.P.M. Exam Modules 3 and 4 for Half-Price in October
  • C.P.M. Diagnostic Disk Substitutes A.P.P. Equivalent
  • Galen E. Andrews: Lifetime of Service - Lifetime C.P.M.
  • How are C.P.M. Exam Questions Written?

To view the current issue of Supply Line 2055: Certification Update, to check out past issues, or to subscribe to the newsletter click here.

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R. Gene Richter Awards for Leadership and Innovation in Supply Management

Challenge, risk, cost, cash flow, profits -- each affects organizational performance. Because of the critical role of supply management, businesses survive and thrive only when each supply chain is carefully and creatively managed.

Foremost in the profession are individuals and organizations embracing leadership and creativity to manage complexity and risk. The R. Gene Richter Awards for Leadership and Innovation in Supply Management is a new ISM program created to help lead the profession and raise the visibility of supply management.

In late 2004, a group of well-known supply management executives and academics met to discuss and set policy and direction for the awards. Their vision was to "create a prestigious supply management awards program to recognize leadership and innovation in supply management and further the understanding and importance of supply management to business success."

The Awards Program is Designed to:

  • Identify and share leadership and innovation in supply management practice
  • Provide recognition to organizations receiving awards
  • Promote supply management as a strategic contributor to the organization
  • Enhance the profession in the eyes of senior management
  • Make available leadership and innovation practice through conferences, ISM publications, case studies and other media

We hope you and your organization will consider participating in this program. For more information about the R. Gene Richter Awards for Leadership and Innovation in Supply Management click here.

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Term of the Day

Today's ISM Term of the Day is: CLASS FREIGHT RATE.

Definition: A rate resulting from a classification rating of the freight. While commodity rates are available only on selected commodities, a class rate can be found for all items shipped. Class rates were created to simplify the process of providing a specific rate for each commodity being transported.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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