Monday, December 5, 2011

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In This Issue ...
  • November Non-Manufacturing ISM Report On Business®: NMI at 52% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: CAREER ROI — Advice From the C-Suite — Read more.
  • ISM Presents 5th Annual Hispanic Supply Management Summit — Read more.
  • December 14 Web Seminar: "Building a Case for Managing Meeting Spend" — Read more.
  • It's Easy to Subscribe to the Just in ETime Newsletter — Read more.
  • Term of the Day — Read more.
  • Contact Us — Read more.

November Non-Manufacturing ISM Report On Business®: NMI at 52%

Economic activity in the non-manufacturing sector grew in November for the 24th 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. "The NMI registered 52 percent in November, 0.9 percentage point lower than the 52.9 percent registered in October, and indicating continued growth at a slightly slower rate in the non-manufacturing sector. This is the lowest reading since January 2010, when the index registered 50.7 percent. The Non-Manufacturing Business Activity Index increased 2.4 percentage points to 56.2 percent, reflecting growth for the 28th consecutive month. The New Orders Index increased by 0.6 percentage point to 53 percent. The Employment Index decreased 4.4 percentage points to 48.9 percent, indicating contraction in employment after one month of growth. The Prices Index increased 5.4 percentage points to 62.5 percent, indicating prices increased at a faster rate in November when compared to October. According to the NMI, 12 non-manufacturing industries reported growth in November. Respondents' comments for the most part project continued slow, incremental growth. There still remains a strong concern about lagging employment."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing Production Edges Lower in November

At 49.6 in November, the JPMorgan Global Manufacturing PMI™ signaled a mild deterioration in overall operating conditions for the third straight month.

Manufacturing production dipped marginally for the fourth successive month. However, the near-stagnation signaled at the headline level masked rising national disparities beneath the surface.

For the complete JPMorgan release, click here.

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Feature Article: CAREER ROI — Advice From the C-Suite

For Stacey Taylor, vice president of ingredients/enterprise procurement at ConAgra in Omaha, Nebraska, her rise to the executive ranks was all about answering the door when opportunity knocked — no matter how unfamiliar it looked.

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ISM Presents 5th Annual Hispanic Supply Management Summit

Learn from top Hispanic supply chain executives from Deutsche Bank, Starbucks, Veolia Water N.A. and more at the 5th Annual Hispanic Supply Management Summit. Register now to attend the summit, held February 8-9, 2012 at the Hilton DFW Lakes Executive Conference Center in Grapevine, Texas.

The program is open to all professionals in supply management who value diversity and innovation, with an emphasis on unique experiences and concerns Hispanics in supply management may face in the workplace.

Hispanic Supply Management Summit sessions include:

  • Key Considerations for Global Sourcing Transformations
  • Sustainable Water Resource Management in the Supply Chain — Challenge or Opportunity?
  • Diversity Perspectives at Work: Making Your Mark in Today's Business Landscape

The Hispanic Supply Management Summit offers a unique opportunity to network and move your career forward while you help develop and grow the Latino workforce in the supply chain. Proceeds from the program will help ISM work toward the goal of creating mentoring and scholarship programs for Hispanic students in supply management degree programs.

ISM is co-locating the 5th Annual Hispanic Supply Management Summit, the 9th Annual Black Executive Supply Management Summit, and the 4th Annual Women Executive Supply Management Summit. Each summit has its own set of workshops, but general sessions are held together.

Summits feature a well-rounded curriculum in supply management. Additional time has been built into the schedule to allow for active networking with colleagues attending the other summits. Students in supply management degree programs are invited to attend.

For those with supplier diversity responsibilities, take the Certified Professional in Supplier Diversity® (CPSD™) Exam before the summit starts. Exam fees (US$180 ISM members) are separate from summit registration.

Registration is US$845 for ISM members and US$1,045 for nonmember. Student Member rate is US$250. A US$100 discount is available to those who register by December 28, 2011. No early-bird discount available for Student Member rate.

All sessions are at the Hilton DFW Lakes Executive Conference Center, 1800 Highway 26 East, Grapevine, TX 76051. For hotel reservations, book online or call 800/894-1344. Please mention "ISM Diversity Summits" to secure the ISM rate. Book by January 10, 2012 to receive the special rate of US$159/single per night.

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December 14 Web Seminar: "Building a Case for Managing Meeting Spend"

Date: Wednesday, December 14, 2011
Time: 1 p.m. EST/12 p.m. CST/10 a.m. PST
Price: No cost
Length: 60 minutes
Sponsor: Maxvantage
Host: ISM
Format: Streaming Only

For many organizations, meetings represent one of the largest categories of unmanaged but controllable spend. In this web seminar, we'll explore the value of managing meetings spend in a centralized way for visibility and savings, providing examples of how small steps in managing this category can have a big impact. We'll also hear how managing meetings has made a difference within Johnson Controls from the category lead.

Join us for an interactive conversation with two experts in the field — Karen Lynch, Global Lead, Meetings & Events for Johnson Controls, Inc. and Cindy D'Aoust, Vice President, for Maxvantage — as they share their experiences and best practices in building business cases, identifying and understanding the key category stakeholders, and gaining buy-in for meetings management.

Learning Objectives:

  • Understand the value and impact from managing meetings.
  • Identify examples within your organization that will help build a case for managing meetings.
  • Learn approaches to identify key meeting stakeholders within organizations.
  • Explore ways to tie meetings management to organizational goals.

Featured Speakers:

Karen L. Lynch
Global Lead for Meetings & Events
Johnson Controls

Cindy D'Aoust
Vice President Shared Services & Business Development

Moderated by:

John Yuva
Manager, Editor
Inside Supply Management®
Institute for Supply Management™

Attendance of the live session of this web seminar qualifies for one CEH credit at ISM.

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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.

  • If you have never created a profile/account on the ISM website — or if you don't remember if you have an account — click "Log In" in the upper right-hand corner of the ISM Home Page.

  • Under "Log In," you will find a "Did you forget your username and password?" link. Click that link, and enter your e-mail address. (If you have more than one e-mail address, try each one.)

  • If you do have an account, the ISM system will e-mail you your username and password.

  • 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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Term of the Day

Today's ISM Term of the Day is: CLUSTER ANALYSIS.

Definition: A statistical method that groups like variables or factors together.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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