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

 
Wednesday, October 5, 2005
   


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In This Issue...
  • September Non-Manufacturing ISM Report On Business®: Business Activity at 53.3%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • Attend an ISM Professional Seminar.  Read more.
  • Evolution of Supply Management Necessitates ISM's New Qualification.  Read more.
  • The Future of Purchasing and Supply Chain Management.  Read more.
  • ISM™ eDigest: Chemicals Electronic Newsletter.  Read more.
  • New ISM Web Seminar – State of the Law on Electronic Commerce.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.

September Non-Manufacturing ISM Report On Business®: Business Activity at 53.3%

Business activity in the non-manufacturing sector increased in September 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 30th consecutive month in September," Kauffman said. He added, "Business Activity increased at a slower rate in September than in August. New Orders, Employment, New Export Orders and Imports also increased at slower rates. Many members' comments expressed concern about the continuing increase in oil and gas prices as well as Hurricane Katrina, and their impact on prices and economic activity. Only eight of 17 non-manufacturing industry sectors report increased activity in September compared to 13 that reported increased activity in August. There were reports of increased activity regarding construction and construction-related items. The overall indication is continued economic growth in the non-manufacturing sector in September, but at a slower rate of increase than in August."

To read the entire report click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Growth of global manufacturing economy recovered sharply in September, with production rising at fastest rate since August 2004.

September data suggested that the trend in global manufacturing operating conditions recovered sharply, supported by robust growth of new business and production. The Global Manufacturing PMI — a composite index produced by JPMorgan and NTC in association with ISM and IFPSM — posted 54.7, its highest level for a year. The improvement in operating performance remained broad-based, with all of the national PMI surveys for which September data were available signaling expansion.

The Global Manufacturing Output Index rose to 57.3 in September, its highest reading in over a year. At its current level, the Output Index is consistent with buoyant growth of global IP of around 6% saar.

For the entire release, click here.

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Attend an ISM Professional Seminar

What's your career strategy?
Make the winning move by attending the industry's most notable educational programs for supply management professionals. ISM seminars provide relevant and usable tools and information that support your career strategy. Move in the right direction by registering today for one of the sessions coming to your area soon.

To learn more about ISM's professional seminars or to search by topic, date or location click here.

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Evolution of Supply Management Necessitates ISM's New Qualification

ISM's mission to "lead supply management" continues with the creation of a new supply management qualification which will recognize the expanded education, skills and experience needed to be successful as a supply manager. The development of this new qualification is a forward thinking move designed to enhance professional capabilities and the impact supply management may potentially have within organizations. To be unveiled in 2008, the new qualification will include information on all segments of supply management.

The new qualification, in development since 2003, raises the bar on the supply management's capabilities. With increased professional and educational standards, the new qualification will prepare supply managers to meet the current and future demands of the profession. While other organizations have unveiled new certifications, ISM's new qualification will comparatively rest at a much higher professional level. The new qualification will focus on strategic supply management, not "fundamental" or "tactical" level knowledge.

Most importantly, the new qualification will enable supply managers to take an active role in the direction of their organization at the highest levels. Each critical step in the development of an organization's products and/or services is controlled by supply management. *Current evolution of the profession dictates that administrative level qualification is needed for these professionals to effectively implement innovative supply strategies regardless of their main area of focus.

Supply Management Evolution Timeline*

1915 — The National Association of Purchasing Agents (NAPA) is founded with a mission to provide purchasers leadership, standards of business conduct and a network to exchange information.

1968 — NAPA changes its name to the National Association of Purchasing Management (NAPM) to reflect the changes in the field and the expanding role of purchasing professionals within business.

1968 — NAPM recognizes the need to develop a professional certification program.

1968-1974 — NAPM is instrumental in building accredited purchasing programs in many of the nation's premier colleges and universities. NAPM coordinates teacher internship programs, building a purchasing knowledge base within institutions. By 1974, numerous accredited programs in colleges and universities are established.

1974 — NAPM introduces the Certified Purchasing Manager (C.P.M.) designation.

1980-2002 — The profession of Supply Management evolves from related disciplines: Distribution, Inventory Control, Investment, Logistics, Manufacturing, Materials Management, Packaging, Procurement/Purchasing, Product/Service Development, Quality, Shipping/Receiving, Transportation/Traffic and Warehousing.

2002 — NAPM members vote to change the organization's name to the Institute for Supply Management (ISM) to reflect the evolution of the supply management field. Professionals are now focusing on managerial, leadership and business relationship skills, plus a variety of specialized functions designed to enhance the value of supply management within organizations.

2003-04 — ISM recognizes the need to expand its certification program to reflect the evolution of the supply management field. ISM researches numerous certification options in order to formulate a comprehensive supply management designation for the 21st Century.

2005 — ISM announces the creation of a new supply management qualification to be implemented in 2008. The new qualification will address the realities of globalization, workplace complexities, greater use of technology and expanded competencies that supply management professionals employ to drive value in their organizations.

For more information on ISM's new qualification click here.

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The Future of Purchasing and Supply Chain Management

Making a strategic contribution
A half-day forum hosted by Economist Conferences and supported by ISM
November 10th 2005 at The Metropolitan Club, Chicago

Join Tony Milikin, member of the Board of Directors, Institute for Supply Management™ and Senior Vice President - Global Supply Chain, MeadWestvaco Corporation at this invitation-only event for senior executives. Thought leaders from H.J. Heinz Company, PepsiCo, RadioShack, and more will attend.

To view the agenda and request a *complimentary* invitation click here.

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ISM™ eDigest: Chemicals Electronic Newsletter

The newest issue of the ISM™ eDigest: Chemicals newsletter is now available. Content highlights include:

  • Chemical Industry News:
    • Absorbing Energy Costs
    • Dow CEO Voices Concern
    • Mobile Fuel Cells
  • Feature Article: Chemical Management Services (CMS)
  • Commodity Report: Energy Markets
  • Announcements and Additional Resources

Produced in conjunction with the ISM Chemical Group, this quarterly publication provides timely information on supply management topics pertinent to the chemical industry and those purchasing chemicals. Each issue contains articles, facts, strategies, and resources to help the reader understand the sourcing issues that face this dynamic field.

To access the current issue or to subscribe to future issues click here.

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New ISM Web Seminar – State of the Law on Electronic Commerce

This Web seminar is a "must-attend" for all professionals who are involved in supply chain decisions. In the past five years, several laws governing electronic commerce have passed through Congress. Learn how these laws are interpreted by the courts and applied in the real world.

Date: October 13, 2005
Time: 10:00 a.m. Pacific / 1:00 p.m. Eastern
Presenter: Helen M. Pohlig, J.D.
Price: $99 per individual or $179 for two or more attendees per connection.

To learn more about this Web seminar or to register click here.

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Term of the Day

Today's ISM Term of the Day is: PUBLIC SECTOR PROCUREMENT.

Definition: The purchasing function as carried out by government agencies.

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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