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Monday, August 1, 2011
   


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In This Issue ...
  • July Manufacturing ISM Report On Business®: PMI at 50.9% — Read more.
  • Feature Article: What the Boilerplate in Your Supply Agreements Really Means — Read more.
  • No-Cost Web Seminar August 3: "How to Study for the Certified Professional in Supply Management® (CPSM®) in Seven Steps" — Read more.
  • 4th Annual ISM Sustainability and Social Responsibility Conference — Read more.
  • Website of Interest — 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 Manufacturing ISM Report On Business®: PMI at 50.9%

Economic activity in the manufacturing sector expanded in July for the 24th consecutive month, and the overall economy grew for the 26th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.

The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "The PMI registered 50.9 percent, a decrease of 4.4 percentage points, indicating expansion in the manufacturing sector for the 24th consecutive month, although at a slower rate of growth than in June. Production and employment also showed continued growth in July, but at slower rates than in June. The New Orders Index registered 49.2 percent, indicating contraction for the first time since June of 2009, when it registered 48.9 percent. The rate of increase in prices slowed for the third consecutive month, dropping 9 percentage points in July to 59 percent. In the last three months combined, the Prices Index has declined by 26.5 percentage points, dropping from 85.5 percent in April to 59 percent in July. Despite relief in pricing, however, several comments suggest a slowdown in domestic demand in the short term, while export orders continue to remain strong."

To read the entire release, click here.

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Feature Article: What the Boilerplate in Your Supply Agreements Really Means

It's easy (and tempting) to gloss over the contractual boilerplate — that is, the language typically found at the end of a commercial contract — when dealing with a commercial supply agreement. It's natural to focus on price and delivery terms, and boilerplate is just "standard terms and conditions," right?

Not really.

The terms in the contract's boilerplate could be incredibly important, especially if there is a dispute between the parties during the performance of the contract. There is no "standard" set of terms and conditions, no matter what your supplier might tell you about how standard the terms in its own form agreement are. In short, boilerplate can be a trap for the unwary.

Read this eSide Supply Management article online.

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No-Cost Web Seminar August 3: "How to Study for the Certified Professional in Supply Management® (CPSM®) in Seven Steps"

Date: Wednesday, August 3, 2011
Time: 2 p.m. EDT / 11 a.m. PDT
Format: Streaming Only
Length: 60 minutes
Price: No cost

Have you decided to become a Certified Professional in Supply Management® (CPSM®)? Attend this web seminar to find out the most time-efficient and cost-effective ways to study for the CPSM® and CPSM® Bridge Exams. You'll get a brief overview of the requirements and a breakdown of the various study aids.

But the best part of this ISM sponsored web seminar is the tips you'll get from recent CPSM®s — David Castro, CPSM, C.P.M., Sourcing Manager, Republic Services; and Catherine S. Herr, CPSM, Senior Director, Global Manufacturing Procurement, Eli Lilly and Company. These CPSM®s will offer real-world tips on preparing for the CPSM® Exams and CPSM® Bridge Exam. They'll also share their personal success stories of how the CPSM® has strengthened their careers.

Have your questions about the CPSM® ready! Time will be reserved for Q&A.

Topics covered:

  • A brief overview of ISM's Certified Professional In Supply Management® (CPSM®) program
  • How to study while saving time and money
  • How the CPSM® designation can help you transform your career

Featured Speakers:

  • Jerri Kapelka, MBA, CPSM, CPSD
    Manager, Professional Credentials
    Institute for Supply Management™

  • David Castro, MBA, CPSM, C.P.M.
    Sourcing Manager
    Republic Services

  • Catherine S. Herr, CPSM
    Senior Director, Global Manufacturing Procurement
    Eli Lilly and Company

Moderator:

  • Nora P. Neibergall, CPSM, C.P.M.
    Senior Vice President
    Institute for Supply Management™

Attendance of the live session (minimum of 50 minutes) of this web seminar qualifies for one CEH credit at ISM.

To register, visit the ISM website.

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4th Annual ISM Sustainability and Social Responsibility Conference

When: November 7-8, 2011
Where: Lake Buena Vista, FL

Your organization can't move forward unless it remains competitive.

Having a strong organizational strategy that addresses sustainability and corporate social responsibility is an essential ingredient to a strong organization. Attend ISM's 4th Annual Sustainability Conference and discover the benefits to embracing this business philosophy.

Every day, the headlines in our most respected business publications announce another story about an organization that has committed itself to sustainable business practices. Organizations are reducing their carbon footprints, practicing responsible sourcing and planning for the next generation.

Highlights of this year's program include:

  • Core values in a global marketplace
  • Ratings and rankings
  • Corporate environmental scorecards
  • Economy, energy and environment
  • Procurement's influence for sustainable success
  • Revenue streams
  • Seven keys to safety at your organization
  • LEED Certification: the inside story
  • Driving sustainability initiatives

Who Should Attend This Program: 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, in an effort 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, all areas must heed the call to sustainability and CSR — but supply chain professionals are often the catalyst to change within the organization.

For conference information, an agenda and complete registration information, visit the ISM website.

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Website of Interest

This month's Website of Interest is Logistics Viewpoints:

Logistics Viewpoints is designed to helps logistics professionals stay informed about what's happening in the industry, and how emerging trends in technology, outsourcing, regulations, and business practices can impact their jobs and companies.

Lead contributors Adrian Gonzalez and Steve Banker bring more than 25 years of logistics research experience to their writing and analysis. Their postings address the basic questions logistics professionals are asking: What are the most important trends and news in the industry today? Why are these developments important? What actions should I take in response?

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these websites, or any other website(s) accessible from these websites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other website.

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Term of the Day

Today's ISM Term of the Day is: ZERO ENVIRONMENTAL FOOTPRINT.

Definition: No net environmental impact.

A different Term of the Day is posted on the ISM Home Page 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:

  • First, log into the ISM website using your username and password.

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  • If, however, the system tells you the e-mail address was not found in our records, you will want to create a new account. Do this by clicking the "My Account" tab in the upper right-hand corner of the ISM website, followed by "Create New Account."

  • Once you've created your new account, proceed to the "Manage Newsletters" link, which is also found under the "My Account" tab.

  • Finally, select Just in ETime from the list of available newsletters and click the "Update Subscription" button at the bottom of the page.

If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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