|In This Issue ...
- July Non-Manufacturing ISM Report On Business®: NMI at 54.3% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Apply Now for Sixth Annual ISM R. Gene Richter Awards — Read more.
- August 12 Web Seminar: Certified Professional in Supply Management® (CPSM®): Basics, Benefits and Beyond — Read more.
- Register now for ISM's 11th Annual Services Conference — Read more.
- "The Negotiation Process" — ISM's Online KC Special (Expires September 30) — Read more.
- Mark Your Calendars: 3rd Annual ISM Sustainability and Social Responsibility Conference — Read more.
- Term of the Day — Read more.
- It's Easy to Subscribe to the Just in ETime Newsletter — Read more.
- Contact Us — Read more.
|July Non-Manufacturing ISM Report On Business®: NMI at 54.3%
Economic activity in the non-manufacturing sector grew in July for the seventh consecutive month, 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 Worldwide. "The NMI (Non-Manufacturing Index) registered 54.3 percent in July, 0.5 percentage point higher than the 53.8 percent registered in June, indicating continued growth in the non-manufacturing sector at a slightly faster rate. The Non-Manufacturing Business Activity Index decreased 0.7 percentage point to 57.4 percent, reflecting growth for the eighth consecutive month. The New Orders Index increased 2.3 percentage points to 56.7 percent, and the Employment Index increased 1.2 percentage points to 50.9 percent, reflecting growth after one month of contraction. The Prices Index decreased 1.1 percentage points to 52.7 percent in July, indicating that prices are still increasing but at a slower rate than in June. According to the NMI, 13 non-manufacturing industries reported growth in July. Respondents' comments are mixed. They vary by industry and company, with a tilt toward cautious optimism about business conditions."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Growth of Global Manufacturing Production and New Orders Eased to One-Year Lows in July
July saw growth of the global manufacturing sector cool further from the post-recession peak reached in April. The JPMorgan Global Manufacturing PMI posted 54.3, its lowest reading in eight months but still consistent with a solid rate of expansion. The headline PMI has signaled an improvement in operating conditions in each month since July 2009.
Underlying the ongoing recovery signaled by the manufacturing PMI were solid gains in output, new orders and employment.
For the complete JPMorgan release, click here.
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|Apply Now for Sixth Annual ISM R. Gene Richter Awards
Institute for Supply Management™ (ISM) is inviting entries for the sixth annual ISM R. Gene Richter Awards for Excellence in Supply Management. The award competition was created to honor the vast professional contributions of R. Gene Richter, who was a pioneer in the field of supply management.
The ISM R. Gene Richter Awards for Excellence in Supply Management are open to supply management departments of all sizes and geographic locations, both domestic and international. ISM is accepting entries through an online submission process from July 1 - September 17, 2010. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact. Multiple entries are welcomed in one or more of the following categories: Process, People, Organization/Structure, Technology and Sustainability.
For the 2011 awards, the project/initiative must either (1) have been completed and/or implemented or (2) have measurable outcomes within the date range of October 1, 2007 through September 30, 2010.
An application fee of US$1,000 per organization is required for 2011 award applications. Organizations that submit multiple applications will only be charged this fee once, regardless of the number of applications submitted. The application fee will be used to build the R. Gene Richter Scholarship Fund.
Richter award recipients will be notified in January 2011 and will be honored at an awards dinner on Sunday, May 15, 2011 at the ISM Annual International Supply Management Conference and Educational Exhibit in Orlando, Florida. Winning organizations agree to present a Conference session describing their project. The 2011 award winners will join an esteemed group of previous winning organizations, including: Alltel Wireless; BP p.l.c.; DaimlerChrysler; Fluor-Hanford; HP; Johnson & Johnson; KLA-Tencor; LG Electronics; Lockheed Martin Aeronautics Company; Masco Corporation; Pfizer Inc; Rockwell Collins; Royal KPN Telecom; and the U.S. Postal Service.
Questions regarding the awards may be directed to Terri Tracey, CAE, at 800/888-6276, extension 3071 (or, for callers outside the United States, +1 480/752-6276, extension 3071), or by e-mail.
For full category descriptions and information on how to apply for the 2011 awards, visit the ISM website.
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|August 12 Web Seminar: Certified Professional in Supply Management® (CPSM®): Basics, Benefits and Beyond
Mark your calendar for Thursday, August 12, 2010 (1 p.m. EDT/10 a.m. PDT) for a no-cost, one-hour STREAMING-ONLY web event sponsored by ISM.
Attend this web seminar and find out all the details of the Certified Professional in Supply Management® (CPSM®) and CPSM® Bridge program. You'll get a breakdown of the requirements and a brief overview of the various study aids.
But, the best part of this ISM-sponsored web seminar is that you'll get tips from recent CPSM®s — Brenda Dizer-Coe, CPSM, C.P.M., Materials Operations Systems/TMG - Senior Program Manager, Intel, and Vijay Kasi, Ph.D., CPSM, Sourcing Associate, A.T. Kearney. These CPSM®s will share real-world tips on preparing for the CPSM® Exams and CPSM® Bridge Exam.
Additionally, each will share how the CPSM® has strengthened their careers.
Have your questions about the CPSM® ready, there will be time reserved for Q & A. This seminar focuses on:
- An overview of ISM's Certified Professional In Supply Management® (CPSM®) program and the requirements
- How to study while saving time and money
- How the CPSM® designation can help transform your career.
- Karen P. Collins, CPSM, C.P.M., A.P.P.
Manager, Professional Credentials
Institute for Supply Management™
- Brenda Dizer-Coe, CPSM, C.P.M.
Materials Operations Systems/TMG - Senior Program Manager
- Vijay Kasi, Ph.D., CPSM
- Mike Shirra
Institute for Supply Management™
Attendance of the live session of this web seminar qualifies for one CEH credit at ISM. To register, visit the ISM website.
Participation details and instructions are also available online.
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|Register now for ISM's 11th Annual Services Conference
Innovative Supply Relationships: Creating Value for Services Procurement is the theme of this year's Services Conference, which will take place December 2-3, 2010 in Phoenix. Last year's Services Conference received one of the highest approval ratings in the 10-year life of the program. This year's event promises to be even better.
Earn 10.25 Continuing Education Hours (CEHs). The cost is $795 for members and $995 for nonmembers. Both groups can save $100 when they register for both the Services Conference and this year's pre-Conference seminar: Strategic Services Procurement: Applying Strategic Sourcing Principles #4457, November 30 - December 1, 2010 in Phoenix.
- Collaborative Relationship Development with Strategic Suppliers — Grace Puma from United Airlines outlines how transformation and continued savings, even during the economic pinch of the past few years, has been achieved in part through collaborative relationship development with strategic supplies.
- Comprehensive Services Procurement — Mary Finaldi from Deloitte Services and Dan Ashton from Ariba explore the optimization of services spend in areas such as consulting, print and marketing services.
- Service Contracts: Why is Market Rate a Bad Market? — Clark Terrill from Live Nation focuses on asking the right questions during the negotiations process.
- Suppliers Saved My Bacon — John MacLean from American Airlines delves into the challenges American Airlines has faced in the last decade. Learn how American's suppliers helped the airline stay solvent and restructure.
- Creative Services Sourcing at Disney: Engaged with Passion — Steven G. Miller gives participants an inside look of how Disney professionals engage with each other and suppliers to source creative services that help "make the Disney Difference."
All sessions will take place at the Pointe Hilton Tapatio Cliffs Resort at 11111 N 7th St., Phoenix, AZ 85020. For reservations, call +1 602/866-7500. Be sure to mention ISM group code "IVG" to receive the special room rate of US$139 single/double, with high-speed Internet and resort fee included. The cutoff date for the ISM room rate is November 8, 2010. Rooms sell out quickly, so be sure to reserve yours early by visiting the ISM website.
For more information, or to register, visit the ISM website.
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|"The Negotiation Process" — ISM's Online KC Special (Expires September 30)
Negotiation is a process, not an event. It consists of many steps or stages. Each one has its own critical importance, and all are relevant to the overall success of those involved.
"The Negotiation Process" (Course #3955) touches on all of these and focuses on the required preparation, the key elements in every negotiation, the management of the actual meetings and the completion phase. Key negotiations concepts targeted in this course include:
- Introduction to the negotiation process
- Preparing for a negotiation
- 3 key elements in negotiation
- Conducting the negotiation
- Completing the process
With no time away from work and no travel costs, you can show your employer that you're serious about your career. Available to both members and non-members, ISM Knowledge Center Specials run only for a limited time. When you see the "KC Special" Icon, follow the link and register right away.
Members pay $97.50 for this course through 9/30/10. (Regular member price is $195.) For non-members, the price is $147.50 through 9/30/10. (Regular non-member price is $295.) Attendees will earn seven CEHs.
More information and registration is available online.
Or, call ISM Customer Service at 800/888-6276 or 480/752-6276, option 8.
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|Mark Your Calendars: 3rd Annual ISM Sustainability and Social Responsibility Conference
When: November 4-5, 2010
Where: Lake Buena Vista, Florida
This year's program covers the full range of social responsibility, from sustainability and environmental issues, to global licensing, ethics and logistics. Sessions will address issues in sourcing and emerging issues in law. Don't miss the panel discussion featuring industry thought leaders who have implemented sustainable and socially responsible processes into their organizations. Use their insight to build and improve your sustainability programs.
Who Should Attend
Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives. Supply management professionals might want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success. Corporate sustainability and social responsibility initiatives are holistic strategies that involve the entire organization, from the CEO to administrative support.
Institute for Supply Management™ Definitions
Sustainability: Sustainability is 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: Social responsibility is 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.
For conference information, the agenda, or to register, visit the ISM website.
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|Term of the Day
Today's ISM Term of the Day is: SIMPLIFICATION.
Definition: A reduction in the number of sizes and designs of an item that an organization uses.
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.
Access the online Glossary.
If you are not a member but would like membership information, visit the ISM website.
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|It's Easy to Subscribe to the Just in ETime Newsletter
To receive Just in ETime:
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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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