Monday, August 1, 2005

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Institute for Supply Management

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In This Issue...

July Manufacturing ISM Report On Business®:
PMI at 56.6%

Economic activity in the manufacturing sector grew in July for the 26th consecutive month, while the overall economy grew for the 45th 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 26th consecutive month in July based on the ISM data. An improved rate of growth in New Orders and Production continues to drive improvement in the sector. It appears that the sector hit a low point in May, and has rebounded nicely in June and July. The Prices Index apparently reached the end of its run in June, as the July index indicates that pricing power, at least for the short term, is now once again favoring buyers."

To read the entire report click here.

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ISM Publications

The Institute for Supply Management™ (ISM) produces several publications -- some in hard-copy format and some in electronic format.

Let's review the publications that are available on the ISM Web site.

  • Inside Supply Management®: ISM's monthly publication produced exclusively for ISM's members. Provides educational information of value to the profession, in addition to offering current events and business news.

  • The Journal of Supply Chain Management: A quarterly publication written specifically for and by purchasing professionals and educators. Provides an in-depth analysis of new purchasing strategies and business techniques by some of the world's leading educators and business executives.

  • ISM InfoEdge: Provides tactical, ready-to-use tips and applications. Note: ISM InfoEdge is no longer being published, but back issues are still available on the ISM Web site.

  • Spotlight on Groups & Forums: Semiannual publication that reports on the current activities of and information from the ISM special interest groups and forums.

  • ISM electronic newsletters:

    • NewsLine -- A monthly newsletter for the ISM volunteer leadership.

    • ISM™ eDigest: Chemicals -- A quarterly newsletter that provides timely information on supply management topics pertinent to the chemical industry and those purchasing chemicals.

    • Supply Line 2055: Certification Update -- This quarterly newsletter keeps you updated on the latest happenings to the C.P.M. and A.P.P. programs.

    • Just in ETime -- Delivers ISM- and supply management-related news and updates every other week.

All online publications and articles are available to ISM members. Inside Supply Management® makes certain online articles available to non-members in each monthly online table of contents. The Journal makes all of its One on One interview articles available to non-members. Spotlight on Groups & Forums, Just in ETime, eDigest: Chemicals and Supply Line 2055 are all available to non-members. The ISM InfoEdge and NewsLine publications are for members only.

To access links to each of these publications, click here.

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Developing Your C.P.M. and A.P.P. Study and Test Taking Skills

Dr. Michael A. McGinnis ,C.P.M., A.P.P., Associate Professor of Business, Penn State New Kensington, wrote a six page paper designed to help interested applicants develop their C.P.M. and A.P.P. study and test taking skills.

Dr. McGinnis' paper is divided into four sections. The first section briefly reviews the requirements for the Certified Purchasing Manager (C.P.M.) and Accredited Purchasing Practitioner (A.P.P.). The second section discusses study and test taking skills that are useful for many that are preparing for the C.P.M. and A.P.P. examinations. The third section is a discussion of how to use the C.P.M. (and A.P.P.) Diagnostic Practice Exams to prepare for the C.P.M. and/or A.P.P. Examinations. The final section provides useful test taking tips.

To access this document click here.

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Web Site of Interest

Today's Web site of interest is: Industrial Data & Information, Inc. (IDII)

IDII is a privately held software consulting and research company for manufacturers, wholesalers, distributors, retailers, and warehouse operations. The IDII Web site contains white papers, resources, free newsletters, a book catalog, and more.

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: WORLD TRADE ORGANIZATION (WTO).

Definition: International organization with the purpose of reducing trade barriers among countries. WTO is the successor to General Agreement on Trade and Tariffs (GATT).

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 are Free

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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