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

 
Wednesday, August 3, 2005
   


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In This Issue...
  • July Non-Manufacturing ISM Report On Business®: Business Activity at 60.5%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • ISM Professional Seminar Update — September Topics.  Read more.
  • ISM's Past Conferences and Programs Materials.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

July Non-Manufacturing ISM Report On Business®: Business Activity at 60.5%

Business activity in the non-manufacturing sector increased in July 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 28th consecutive month in July," Kauffman said. He added, "Business activity increased at a slower rate in July than in June. New Orders and Backlog of Orders increased faster but Employment increased more slowly in July than in June. With the exception of the increase in the Prices Index, there were no unusually large changes in the indexes. The overall indication is continued economic growth in the non-manufacturing sector in July at about the same rate of increase as in June. Members' comments indicated that price increases are one of their primary concerns at the present time."

To read the entire report click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI Reached Nine-Month High in July. Improved New Order Growth Drove Production Higher.

The operating performance of the global manufacturing sector picked up in July, with the rate of improvement in business conditions rising to a nine-month high. The Global Manufacturing PMI — a composite index produced by JPMorgan and NTC in association with ISM and IFPSM — posted 53.4, rising further from May's near two-year low of 51.1, to a level indicative of a solid rate of overall expansion.

The latest improvement in manufacturing operating conditions was led by stronger rates of expansion for new orders and production and an increase in employment. National PMI data suggested that the upturn remained broadbased, with all except three of the nations for which July data were available (Germany, the UK and Australia — which all recorded slight contractions) seeing an improvement. The majority of these nations also recorded a pick up in their trends in operating performance. South Africa recorded the fastest rate of growth, followed by Denmark, then the US.

For the entire release, click here.

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ISM Professional Seminar Update -- September Topics

Whatever your goal... Achieve results.
Dedicated to your success, ISM seminars deliver first-rate education coupled with dynamic instruction by leading supply management experts. Join us in September for any of these valuable topics and achieve powerful results while pursuing your professional goals:

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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ISM's Past Conferences and Programs Materials

ISM is known for its programs and conferences. Just because the program is over doesn't mean the learning ends. Did you know that ISM archives the learning materials (Proceedings, hand-outs, PowerPoint presentations, workshop summaries, press releases) from its past conferences and programs on the ISM Web site. Currently there's seven years worth of materials available to members and non-members alike.

A few of the available programs and conferences include:

  • The Power of the Services Supply Chain: Strategies and Integration
  • Hospitality Supply Management Spring Conference
  • The 16th Annual North American Research and Teaching Symposium on Purchasing and Supply Chain Management
  • 38th Annual Supply Management Program
  • Supply Management as the CFO of the Supply Chain
  • Smart Business: Leveraging the Services Spend
  • Network 2001--Intelligent E-Business and Supply Chain Management in a Changing Marketplace
  • Electronic Commerce, Global Supply Management, and Supply Chain Management Conference

To take advantage of the archived material in the Conferences and Programs section of the ISM Web site click here.

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Term of the Day

Today's ISM Term of the Day is: TOTAL COST OF OWNERSHIP (TCO).

Definition: The purchase price of a product and its transportation cost, plus indirect handling, inspection, quality, rework, maintenance, and all other "follow-on" costs associated with the purchase, including costs of disposal.

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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