|In This Issue ...
|April Manufacturing ISM Report On Business®: PMI at 60.4%
Economic activity in the manufacturing sector expanded in April for the ninth consecutive month, and the overall economy grew for the 12th 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, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "The manufacturing sector grew for the ninth consecutive month during April. The rate of growth as indicated by the PMI is the fastest since June 2004 when the index hit 60.5 percent. Manufacturers continue to see extraordinary strength in new orders, as the New Orders Index has averaged 61.6 percent for the past 10 months. The signs for employment in the sector continue to improve as the Employment Index registered its fifth consecutive month of growth. Overall, the recovery in manufacturing continues quite strong, and the signs are positive for continued growth."
To read the entire release, click here.
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|Today is Your Last Chance to Re-Subscribe to Just in ETime!
If you haven't yet, take a moment today to re-subscribe to Just in ETime. You must re-subscribe to ensure you'll continue receiving this e-newsletter. (Thank you to all who have already done so.)
To manage your e-mail preferences:
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|Inside the Latest eSide Supply Management
Check out the March/April 2010 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:
- Game Planning for a Face-to-Face Negotiation
Unless you want all your hard work to go to waste, you need to chart a course for a negotiation. Now is the time to start organizing a plan using all the information, knowledge and tools you've developed.
- The Future of Supply Chain Management
Outsourcing, offshoring and further divisions in labor will continue to be the norm. So, what are the implications for future supply management leaders?
- CPSM® Update: 3 Questions, 3 Answers
New in 2010, eSide will offer three sample questions — and answers — from the CPSM® Diagnostic Kit to help you prepare to pursue your CPSM® certification. First, answer all three questions; then, scroll down to the "3 Answers" section to find out how you fared.
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|ISM Announces Recipients of Supply Management Scholarships
Seven students, representing six leading universities, are recipients of 2010 R. Gene Richter Scholarships awarded by the R. Gene and Nancy D. Richter Foundation and the ISM R. Gene Richter Scholarship Fund. Now in its seventh year, the R. Gene Richter Scholarship Program is the largest nationally recognized scholarship program in the field of supply chain management.
Winners were recognized April 25, 2010 at an awards dinner held during Institute for Supply Management™'s 95th Annual International Supply Management Conference and Educational Exhibit in San Diego. Supply management scholars honored at the R. Gene Richter Scholarship Awards Dinner include:
- Richard Carelli — Pennsylvania State University
- Amanda Chalk — Michigan State University
- Amy Hwang — Arizona State University
- Lisa Marie — Duquesne University
- Theresa Piazza — Pennsylvania State University
- Kandice Saum — Bowling Green State University
- Mariel Webb — North Carolina State University
The R. Gene Richter Scholarship Program was established and named in memory of R. Gene Richter, who was a galvanizing force in the field of procurement. Richter is admired for elevating the profession to world-class stature. He led the supply organizations at The Black & Decker Corporation, Hewlett-Packard and International Business Machines (IBM). To date, a total of 46 scholarships have been granted to individuals seeking education in supply management, supply chain management or procurement. For a third year, the number of scholarships awarded was expanded as a result of the Richter Foundation's partnership with Institute for Supply Management™. The R. Gene and Nancy D. Richter Foundation identifies the future leaders of supply chain management.
To find out more about each of the winners, click here.
For information on the R. Gene Richter Scholarship Program, click here.
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|ISM Honors Affiliate of the Year
Institute for Supply Management™ (ISM) has awarded NAPM—Houston, Inc. the prestigious Affiliate of the Year Award. ISM officially recognized affiliate excellence at its 95th Annual International Supply Management Conference and Educational Exhibit in San Diego. Affiliate Excellence Awards recognize ISM affiliates that demonstrate an awareness and distinction in their professional operations, educational offerings, and ability to recruit, train and retain members, while at the same time communicating the value and prestige of ISM and the supply management profession.
NAPM—Houston, Inc. President Kimberly K. Wren, A.P.P., has high praise for the determined and dedicated volunteers who were instrumental in propelling the affiliate to 2009 Affiliate of the Year status. "Our affiliate officers met in August for our annual strategic planning meeting with our main goal of continuing our focus on achieving Affiliate of the Year recognition," Wren says. "When we met, we reviewed the criteria for the Affiliate of the Year and assigned action items to the committee chairs to align with our mission statement, 'to provide continuing education, workshops and speakers.' Our affiliate increased our 2009-10 Continuing Education Hours (CEH) from 71 to 94."
Fifteen Affiliates met the level of excellence for 2009. They are:
- ISM—Carolinas-Virginia, Inc.
- ISM—Dallas, Inc.
- ISM—Greater Grand Rapids, Inc.
- ISM—Milwaukee, Inc.
- ISM—New Jersey, Inc.
- NAPM—Alaska, Inc.
- NAPM—Denver, Inc.
- NAPM—Houston, Inc.
- NAPM—Indianapolis, Inc.
- NAPM—Lake Superior, Inc.
- NAPM—National Capital Area, Inc.
- NAPM—New Mexico, Inc.
- NAPM—Oklahoma City, Inc.
- NAPM—San Fernando Valley, Inc.
- PMA of Louisville
To read the entire press release and find out more about the winning affiliate, click here.
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|ISM Names Persons of the Year
Institute for Supply Management™ (ISM) has announced its Persons of the Year Awards, honoring those who have made significant contributions to ISM and the supply management profession. Winners were recognized at an appreciation breakfast today during ISM's 95th Annual International Supply Management Conference and Educational Exhibit, in San Diego. Persons of the Year Awards recognize excellence in the areas of Education/Learning, Innovation/Creativity, Leadership, Marketing/Communicating and Volunteerism.
The 2009 ISM Persons of the Year recipients are:
- Education/Learning Person of the Year
Gurpreet Singh, CPSM, C.P.M., ISM—New Jersey, Inc.
- Innovation/Creativity Person of the Year
Debora J. Csontos, CPSM, C.P.M., ISM—New Jersey, Inc.
- Leadership Person of the Year
Cindy L Dahl, C.P.M., CPPO, NAPM—Lake Superior, Inc.
- Marketing/Communicating Person of the Year
Shawn M. Lynch, NAPM—Greater Syracuse, Inc.
- Volunteer Person of the Year
Kim K. Wren, A.P.P., NAPM—Houston, Inc.
To learn more about each winner and to read the entire press release, click here.
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|Website of Interest
This month's Website of Interest is Net Impact:
This site offers an insightful publication, Making Your Impact at Work, which summarizes key themes identified in the experiences of social "intrapreneurs" and provides a model for future change-makers to follow as they create a positive impact in their own corporate positions. The portal features in-depth case studies and provides details on the planning and execution of corporate change projects in companies such as Best Buy, Clorox, McDonald's and Google.
To access Net Impact, click here.
Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these Web sites, or any other Web site(s) accessible from these Web sites, 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: DAMAGES.
Definition: Compensation for loss or injury suffered by one party as a result of another party's actions. In breach of contract situations only compensatory, not punitive or exemplary, damages are generally allowed.
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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