|In This Issue ...
- July Non-Manufacturing ISM Report On Business®: NMI at 49.5% Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing Read more.
- ISM's Inaugural Sustainability and Social Responsibility Conference Read more.
- The Supply Management Professional's Survival Checklist Read more.
- Congratulations to the First CPSM! Read more.
- ISM's Professional Development Services Read more.
- CPSM Train-the-Trainer Courses Are Here! Read more.
- Term of the Day Read more.
- Contact Us Read more.
|July Non-Manufacturing ISM Report On Business®: NMI at 49.5%
Economic activity in the non-manufacturing sector contracted in July, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®.
The report was issued today by Anthony Nieves, C.P.M., CFPM, chair of the Institute for Supply Management™ Non-Manufacturing Business Survey Committee; and senior vice president — supply management for Hilton Hotels Corporation. "The NMI (Non-Manufacturing Index) increased 1.3 percentage points in July to 49.5 percent, indicating contraction for the second consecutive month in the non-manufacturing sector. The Non-Manufacturing Business Activity Index decreased 0.3 percentage point to 49.6 percent. The New Orders Index decreased 0.7 percentage point to 47.9 percent, and the Employment Index increased 3.3 percentage points to 47.1 percent. The Prices Index decreased 3.7 percentage points to 80.8 percent in July, indicating a slower rate in price increases than in June. According to the NMI, nine non-manufacturing industries reported growth in July. Members' comments in July indicate concern about inflationary pressures and the effect on the economy. Respondents' comments are mixed about business conditions and vary by industry and company."
To read the entire release click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing PMI at Five-Year Low in July, as Weaker Demand and High Cost Inflation Pushed New Orders and Production Lower.
Global manufacturers faced a stagflationary combination of weaker demand, falling output and rising cost inflation in July. At 49.0, the JPMorgan Global Manufacturing PMI signaled that operating conditions had deteriorated for the second successive month and to the greatest extent in over five years. Amongst the major industrial regions covered by the survey, the performances of the Eurozone, Japan and the UK weighed heavily on the global PMI average, while operating conditions in the US remained relatively subdued overall.
At 45.9 in July, the Global Manufacturing New Orders Index posted its lowest reading since the marked downturn in new orders recorded during the months immediately following 9/11. US and Eurozone manufacturers saw levels of new business decline at the fastest rates since October 2001 and December 2001 respectively. Within the euro area the contraction in Spain was especially notable. The drop in new orders to the UK was the sharpest in over nine-and-a-half years, while Japanese manufacturers also fared poorly. In contrast, the BRIC nations all reported increases in new orders in July.
For the complete JPMorgan release click here.
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|ISM's Inaugural Sustainability and Social Responsibility Conference
Marriott Inn and Conference Center UMUC
November 6-7, 2008
- Get past the hype to the nuts and bolts and the bottom line.
- Discover best practices in sustainability and social responsibility.
- Follow the trail as you discover how organizations have taken sustainability and social responsibility from concept to execution.
Whether your organization is in manufacturing or the services sector, it's time to find out how social responsibility and sustainability strategies have benefited other organizations. These sessions are presented by the cream of the crop in supply management. Find out how leading organizations like Herman Miller, Inc., A.T. & T., News Corporation, IBM and Nike have embraced social responsibility and turned it into profitability for everyone. Sustainability is here to stay and your organization's level of commitment can make or break your bottom line.
Sustainability — defined by ISM as "the ability to meet current needs without hindering the ability to meet the needs of future generations in terms of economic, environmental and social challenges."
Social responsibility — defined by ISM as "a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization and the community in the following areas: Community, diversity and inclusiveness-supply base, diversity and inclusiveness-workforce, environment, ethics, financial responsibility, human rights, health and safety, and sustainability."
Who Should Attend
- Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives.
- Supply management professionals may want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success.
For more information or to register online, click here.
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|The Supply Management Professional's Survival Checklist
Seven ideas on how to better position your career during tough times./p>
It's a tough environment for business, and it's getting tougher. With a volatile economy, the price of energy and commodities are rising. Hiring freezes and workforce reductions are also becoming more common.
There are, however, a number of strategies you can implement to help keep your job and improve your career path during these tough times:
- Set Professional Development Goals and Work to Exceed Them — Document your plans and bring your supervisor in as a consultant. This will send a clear message to your employer that you are serious about your responsibilities and the organization's success.
- Improve Your Networking — Work to gain the trust and respect of influential and powerful professionals; they will help maximize your ability to network. Plus, never underestimate the power of professionals outside the supply management arena. Contacts in marketing, production and finance can be strategic allies.
Networking and developing a reputation for participation can have extremely positive benefits for your career. Getting involved with local community organizations, your affiliate and with ISM are great ways to build connections. Doing so expands opportunities to attend events and conferences and network with industry peers in one of ISM's Groups or Forums — an excellent way to meet supply management professionals from across the globe.
In addition, online social networking sites are great ways to make valuable contacts. Incidentally, ISM has formed supply management networking groups in a number of these sites. Look for us on:
- Pay Attention to Your Environment — Are there signs of downsizing? Are you at risk? Since the mid-1980's, the average job tenure has decreased from 12.5 years to less than seven.
Regardless of your present position, be aware of career opportunities that will advance your career and job security. If you're looking for a new opportunity, try ISM's Online Career Center in addition to other professional job search sites. ISM members can search career opportunities and post their resumes to be seen by top employers. You can also take advantage of our face-to-face Conference Career Center held each May at ISM's Annual Conference. And keep an eye on ISM's Report on Business® which is published the first and third business day each month. This highly respected economic barometer can give you insight into your industry and the marketplace in general.
- Be Visible — Volunteer with a community organization or your affiliate to showcase your talent. Visibility is a key ingredient to networking and becoming known in the supply management profession. When you serve on task forces and committees, you have opportunities to develop networking contacts and allies. Remember, everything you do in the public arena has the ability to make a positive impression to your present or a possible future employer.
- Build Your Competitive Advantage — Earning a university degree, acquiring additional business skills or becoming certified is critical to staying current and in demand — especially in tough times. By doing this, you will become more effective in your present position and more valuable to potential employers. ISM offers the Certified Professional in Supply Management (CPSM®) professional designation. With a critical analysis of today's profession, trends and outlook, the CPSM® has become the new standard for the Supply Management profession.
- Maintain Current Skills — If you find gaps between your organization's needs and your skills, it is a good time to invest in your professional development. If you sense downsizing is a probability, pay for your own training; it might not be the best time to make a request for spending.
There are numerous opportunities for professional training and education for supply managers. If you are a member of ISM, you can even take advantage of a number of free Knowledge Center courses and Web seminars.
ISM offers several formats for our educational programs. These courses are flexible, convenient and are designed to teach the newest and most critical supply practices. They include live, public seminars which focus on critical supply management tasks; Knowledge Center courses which are both self-paced or instructor led; and ISM's Professional Development Services, which brings training to your location — saving time and travel costs.
- Think Globally — Increase your opportunities and chances for advancement by becoming more attractive to international employers. You might start with simple things such as brushing up on a foreign language or learning a new one. Make sure you take advantage of any opportunity to travel abroad and/or work with global clients.
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|Congratulations to the First CPSM®!
ISM is pleased to announce Michael G. Haynes, CPSM, C.P.M., of Surprise, Arizona as the first Certified Professional in Supply Management (CPSM®). "This is really good news, and it's an honor to be the first CPSM®," Haynes says. "I'll do my best to help ISM achieve the same level of respect for the CPSM® that was achieved with the C.P.M."
Haynes passed all three CPSM® Exams as a pilot participant through ISM's Arizona affiliate, NAPM—AZ.
Haynes is a lifetime C.P.M. whose career in supply management encompasses 17 management/executive positions within five different organizations. He is currently employed by Siemens Building Technologies Inc. and has taught procurement courses at Penn State University, conducted C.P.M. exam review courses, and led seminars at several ISM affiliates. (Maybe you have taken one of his classes!) Having completed the CPSM® Train-the-Trainer Program, Haynes says he also plans to provide professional development and training for the CPSM® certification.
ISM thanks Michael G. Haynes for his example and contributions to the supply management profession.
For information about the CPSM®, call 800/888-6276 or click here.
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|ISM's Professional Development Services
ISM Professional Development programs strengthen your organization by building and aligning the talent and resources needed to increase efficiency across the entire supply chain. From off-the-shelf courses to fully tailored programs that include blended content and delivery options, ISM is dedicated to preparing your team's contribution toward your organization's dynamic future.
ISM's programs also represent a green, sustainable solution to your organization's professional development. By eliminating transportation costs and holding training on your own schedule and location, you reduce your organization's carbon imprint.
For details, click here or contact:
Rene A. Yates, CPSM, C.P.M.
Manager, Professional Development Services
800/888-6276, extension 3080
Toni J. Caserta
Manager, Professional Development Services
800/888-6276, extension 3095
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|CPSM® Train-the-Trainer Courses Are Here!
Get the tools you need to develop and teach CPSM® review courses. You will receive:
- Instructor Manual with teaching notes, case studies and sample exam questions;
- Access to PowerPoint slides;
- Participant Manual with permission to copy; and
- Your name listed on ISM's Web site as a CPSM® Review Instructor (must attend full program).
- September 16-17, 2008 — Tempe, Arizona
- December 2-3, 2008 — Phoenix, Arizona
Most programs grant 14 CEHs for your participation. Please check the ISM Web site for the precise number of CEHs offered by selecting the link to the specific program in which you are interested, as shorter programs offer fewer CEHs.
Please note: The CPSM® Study Guide is a required text. Please be sure to bring your laptop computer.
For more information or to register, click here.
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|Term of the Day
Today's ISM Term of the Day is: PARETO ANALYSIS.
Definition: The process of determining the small minority of a population that accounts for the majority of a given effect. For example, in inventory management, 20% of the inventoried items account for 80% of the total dollars.
A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day — seven days a week. The Term of the Day is taken from the ISM Glossary of Key Supply Management Terms.
ISM members can access the online Members Only Glossary 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 online Glossary click here.
If you are not a member but would like membership information click here.
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