|In This Issue ...
- December Non-Manufacturing ISM Report On Business®: NMI at 52.6% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Feature Article: Best of Both Worlds — Read more.
- ISM Expands Service Offerings by Acquiring ADR North America — Read more.
- Register by January 10 to save on ISM's 2012 Diversity Summits — Read more.
- January 31 Web Seminar: "Manage Supplier Risk: Be Proactive Using Diverse Market Intelligence" — 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.
|December Non-Manufacturing ISM Report On Business®: NMI at 52.6%
Economic activity in the non-manufacturing sector grew in December for the 25th 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 52.6 percent in December, 0.6 percentage point higher than the 52 percent registered in November, and indicating continued growth at a slightly faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 56.2 percent, which is the same reading as reported in November, reflecting growth for the 29th consecutive month. The New Orders Index increased by 0.2 percentage point to 53.2 percent. The Employment Index increased 0.5 percentage point to 49.4 percent, indicating contraction in employment for the third time in the last four months. The Prices Index decreased 1.3 percentage points to 61.2 percent, indicating prices increased at a slower rate in December when compared to November. According to the NMI, 11 non-manufacturing industries reported growth in December. Respondents' comments are mixed and vary by industry and company. Economic growth continues to be slowed by the lag in employment."
To read the entire release, click here.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global PMI Edges Back Into Expansion Territory in December
Conditions in the global manufacturing sector improved for the first time in four months in December. At 50.8, up from 49.7 in November, the JPMorgan Global Manufacturing PMI™ rose to a level consistent with a modest expansion and posted its highest reading since June.
However, the average PMI reading over Q4 2011 as a whole (50.2) was unchanged from the previous quarter's near two-and-a-half year low.
For the complete JPMorgan release, click here.
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|Feature Article: Best of Both Worlds
What was intended as a way to reduce traffic congestion on the highways through short-sea shipping along the East Coast more than 50 years ago has ended up playing a key role in making offshore manufacturing in low-cost locations across the globe economically viable. The innovative use of large metal containers to ship goods eventually led to the development of an intermodal transportation system that today is the unsung hero of global trade.
Few could have foreseen the future trade implications of Malcolm McLean's small experimental move of 58 metal containers on the ship Ideal-X from Newark, New Jersey, to Houston in April 1956. It was a small step for transportation that became a giant leap for global commerce. The container's impact on lowering shrinkage at the docks, and speeding up port loading and unloading, is widely and rightly praised. However, to provide seamless transportation from a point of production to a point of consumption anywhere in the world requires more than just a metal box — it requires an integrated system. The real growth and success of global trade is due to the creation of the entire intermodal system that not only streamlines loading and unloading of cargo at ports but also simplifies the transfer of goods from one mode to another.
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|ISM Expands Service Offerings by Acquiring ADR North America
Two powerhouses unite to build on strength of ISM-ADR School for Supply Management.
Institute for Supply Management™ (ISM) has taken a significant step to amplify its capacity for delivering customized professional development, consulting and skills assessments to the world's leading companies and supply management organizations. ISM has invested in the consulting firm ADR North America (ADR NA). ADR NA will continue to operate under its own name, providing a full range of supply management consulting, including baseline assessments, transformations of supply management operations, coordination of procurement across enterprises, risk management, category strategies and other related services.
ISM and ADR NA have been partners for three years in a successful joint venture, the ISM-ADR School for Supply Management, which provides a broad range of professional development courses delivered in a variety of formats and native languages around the world. Last year, ISM and ADR NA established a permanent training location in China.
"As ISM expands its global influence and leads corporations to supply management excellence, it was a natural progression for us to take greater advantage of ADR's assessment tools, educational materials and instructors," said ISM CEO Paul Novak, CPSM, C.P.M., A.P.P., MCIPS. "This acquisition is a decisive way to do that. We've been delivering ADR's state-of-practice expertise through our ISM-ADR School, and now we will offer it to companies and organizations another way — as consulting from ADR North America."
As ISM and ADR North America unite to create a new business entity, ADR North America CEO Bill Michels, CPSM, will continue in his role as president of ADR NA and president of ADR-ISM Supply Chain Management Consulting (Shanghai) Co., Inc., and he has also been named a senior vice president of ISM. "We are delighted to be a part of an organization recognized for its global leadership in the supply management profession," said Michels. "I am confident that our clients will greatly benefit from this new relationship."
To execute its investment, ISM has established the for-profit company ISM Services, Inc. ADR North America will operate as a subsidiary of ISM Services, Inc., as will ADR-ISM Supply Management Consulting (Shanghai) Co., Ltd. ADR North America and ADR-ISM Supply Management Consulting (Shanghai) Co., Ltd. will continue to be licensees of ADR International, the U.K.-based global consulting firm.
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|Register by January 10 to save on ISM's 2012 Diversity Summits
Learn and connect with respected business leaders who are passionate about supply chain management at one of ISM's upcoming Diversity Summits taking place February 8-9, 2012 in the Dallas/Ft. Worth Metro Area. An early registration discount of US$100 is available through January 10, 2012 for:
Each summit has its own set of workshops, but general sessions are held together to maximize networking. General session highlights include:
For Better or Worse: An Economic Outlook
Take advantage of having an expert answer your most burning questions about the economy and business in general in this session presented by Roberto Coronado, economist, Federal Reserve Bank of Dallas, El Paso Branch.
Surviving the Worst Case Scenario
Panelists representing American Red Cross, Deutsche Bank, Spirit Airlines, Corning and Royal Caribbean Cruise Ltd. share insights into how natural disasters impact supply chains.
For agendas and online registration, visit www.ism.ws and locate the specific summit on the Home Page under Upcoming Events. Registration is US$745 ISM members/US$945 nonmembers through January 10, 2012. Student Member rate is US$250. After January 10, 2012, registration is US$845 ISM members/US$1,045 nonmembers. (No discount on Student Member rate.)
All sessions are at the Hilton DFW Lakes Executive Conference Center, 1800 Highway 26 East, Grapevine, TX 76051. For hotel reservations, please book online or call 800/984-1344 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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|January 31 Web Seminar: "Manage Supplier Risk: Be Proactive Using Diverse Market Intelligence"
Date: Tuesday, January 31, 2012
Time: 2 p.m. EST/11 a.m. PST
Price: No cost
Length: 60 minutes
Successful supplier risk management provides organizations with effective planning, as well as better risk avoidance — all fueled by the need for transparency. Monitoring and managing risk is becoming essential to preserve capital, organizational integrity and brand equity. Regardless of industry, common areas that require continuous monitoring include regulatory compliance, fraud prevention and corporate social responsibility.
Based on supplier insights from market research and real-world case studies, this web seminar offers different approaches to leverage supplier-based (and market-driven) data. These tried-and-true approaches create a holistic strategy that proactively manages supplier risk within the enterprise. Discover practical takeaways to help you implement or improve upon your current supplier risk strategies.
- Understanding supplier management and the context of supplier risk
- Review research that discusses current state of supplier risk enablement
- Introduce case studies that demonstrate how market data is being used
- Review the types of data being provided for assessing supplier risk.
Online registration is available.
Senior Market Research
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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 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: FULFILLMENT.
Definition: The processes, such as logistics (picking, packing, shipping), administration and additional services, related to satisfying a customer's requirements.
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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