Friday, February 3, 2012
   


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ISM's 97th Annual International Supply Management Conference and Educational Exhibit

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5th Annual Hispanic Supply Management Summit

In This Issue ...
  • January Non-Manufacturing ISM Report On Business®: NMI at 56.8% — Read more.
  • U.S. Department of Commerce Makes Annual Adjustments to Seasonal Factors for ISM Manufacturing PMI and Diffusion Indexes and ISM Non-Manufacturing NMI and Diffusion Indexes — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Advice From the C-Suite: A Career Is a Journey — Read more.
  • Next Month: North American Research Symposium on Purchasing and Supply Chain Management (NARS) — Read more.
  • Plan Now to Attend ISM's 97th Annual International Supply Management Conference and Educational Exhibit in May 2012 — 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.


January Non-Manufacturing ISM Report On Business®: NMI at 56.8%

Economic activity in the non-manufacturing sector grew in January 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 56.8 percent in January, 3.8 percentage points higher than the seasonally adjusted 53 percent registered in December, and indicating continued growth at a significantly faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 59.5 percent, which is 3.6 percentage points higher than the seasonally adjusted 55.9 percent reported in December, reflecting growth for the 30th consecutive month. The New Orders Index increased by 4.8 percentage points to 59.4 percent, and the Employment Index increased by 7.6 percentage points to 57.4 percent, indicating substantial growth in employment after one month of contraction. The Prices Index increased 1.5 percentage points to 63.5 percent, indicating prices increased at a slightly faster rate in January when compared to December. According to the NMI, 12 non-manufacturing industries reported growth in January. Respondents' comments are mostly positive about business conditions. There is concern about cost pressures and the sustainability of the recent spike in activity."

To read the entire release, click here.

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U.S. Department of Commerce Makes Annual Adjustments to Seasonal Factors for ISM Manufacturing PMI and Diffusion Indexes and ISM Non-Manufacturing NMI and Diffusion Indexes

The U.S. Department of Commerce recently completed its annual adjustment to the seasonal factors used in the monthly Institute for Supply Management™ (ISM) Manufacturing Report On Business® and the monthly Institute for Supply Management™ (ISM) Non-Manufacturing Report On Business®. Economists and managers who track these indexes will note these changes are effective with the January 2012 ISM Manufacturing Report On Business®, was released on February 1, 2012, and the January 2012 ISM Non-Manufacturing Report On Business®, which will be released on February 3, 2012.

Seasonal adjustment factors are used to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-movable holidays. It is standard practice to project the seasonal adjustment factors used to calculate the indexes one year ahead (2012).

To access the annual adjustments or the comparison table, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI at 7-Month High in January

The global manufacturing sector continued to record below-trend growth at the start of 2012. At 51.2 in January, the JPMorgan Global Manufacturing PMI™ rose to a seven-month high, but remained below its long-run average (51.8).

Manufacturing output expanded for the second successive month in January, as new orders rose for the first time since last August. The cyclically sensitive new orders-to-inventory ratio also moved higher, reaching a ten-month peak. Although rates of expansion for both output and new orders were the fastest since last June, they were still only modest at best.

For the complete JPMorgan release, click here.

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Feature Article: Advice From the C-Suite: A Career Is a Journey

Brent E. Edmisten — vice president of supply chain operations for Hawker Beechcraft Corporation in Wichita, Kansas — has learned plenty of career lessons in his 20-plus years with Cessna Aircraft Company, as well as the past few years spent at Hawker Beechcraft.

"As with many other industries, the aerospace supply chain has undergone significant changes with the pressures of global competition," he says. "These companies have realized the importance of a competitive supply chain, the creation of which has been heavily dependent on the organization's talent."

Based on his experiences, Edmisten says believes 10 tenets can help guide up-and-coming supply chain professionals as they formulate a successful career path. Find out what they are in this January/February 2012 eSide Supply Management "Career ROI" column.

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Next Month: North American Research Symposium on Purchasing and Supply Chain Management (NARS)

Scheduled for March 15-16, 2012 in Phoenix/Chandler, Arizona, the 22nd Annual North American Research Symposium on Purchasing and Supply Chain Management provides a unique forum for academicians and practitioners to share completed research, discuss future programs and instructional issues, motivate involvement, support collaboration and encourage increased interdisciplinary research in purchasing and supply management.

The symposium agenda includes addresses by senior business leaders, provocative panel discussions, and presentations of numerous original research papers selected through a rigorous review process. Of special interest are sessions on instructional techniques and material. In addition, the symposium provides time for discussion and collaboration, giving researchers the opportunity to exchange ideas on topics relevant to the fields of purchasing, supply management, logistics and materials management.

This innovative program focuses on research in the fields of supply chain management, purchasing, logistics, materials management, information technology, professional development and talent management, and decision science. The agenda features an inventive mix of presenters from business and academia, creating opportunities to explore the application of theoretical research to create business solutions. Combining an organizational and academic view, this respected event covers content and delivery practices, gleaning the best from each platform.

Plan now to join your distinguished colleagues from academia, research and business for this dynamic program. Explore current research findings, ongoing research, emerging trends, research methods and business research needs. Network with your colleagues in an atmosphere of constructive discussion and insightful exchange. Be prepared to discuss a mix of topics, processes, innovative pedagogy, instructional techniques and classroom materials. And, earn Continuing Education Hours (CEHs) for your attendance.

Program information, agenda, registration details and online registration are all available on the ISM website.

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Plan Now to Attend ISM's 97th Annual International Supply Management Conference and Educational Exhibit in May 2012

Institute for Supply Management™ (ISM) is pleased to present the 97th Annual International Supply Management Conference and Educational Exhibit. Join us as we travel to Baltimore for four days of supply management professional development, training and networking.

We'll see you in Baltimore, where the best and brightest in supply management convene to trade ideas and solutions. Workshop presenters represent successful practitioners and experts in the field. This is your chance to find out what works, who is best-in-class and how you can gain a competitive advantage.

Learning Tracks:

Track 1: Best Practices in Supply Management
Track 2: Developing and Leading Impactful Supply Chain Organizations
Track 3: Essential Skills and Abilities
Track 4: Global Trends in Supply Management
Track 5: Manufacturing
Track 6: Risk Management
Track 7: Services Procurement
Track 8: Supplier Development and Collaboration
Track 9: Talent Management

For a macro view of supply management, customize your selections to cover all components of supply management and return to your organization with a strong foundation for success.

Career Center
Don't miss out on the exclusive Conference Career Center (CCC). Once you register for the complete Conference, be sure to upload your résumé onto our confidential website. World-class organizations will be on hand to interview and recruit potential employees. This is networking at its best. Take control of your future when you take part in the CCC.

Participating in ISM's 97th Annual International Supply Management Conference tells the world that you are serious about your profession and committed to making your organization stronger. Take this opportunity to reinforce your skills, follow trends and hear the buzz on supply management. Attend our Conference and find out why this is the place to be if you're a supply management professional.

We look forward to seeing you in Baltimore. The Conference brochure and registration information is available online.

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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 email address. (If you have more than one email address, try each one.)

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

  • If, however, the system tells you the email 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: APPLICATION SOFTWARE.

Definition: A software program that allows a user to perform a task. The user directly interacts with the application software to achieve the desired result. Examples include word processing, graphics and spreadsheets.

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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