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Wednesday, April 4, 2012
   


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Principles and Standards of Ethical Supply Management Conduct

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In This Issue ...
  • March Non-Manufacturing ISM Report On Business®: NMI at 56% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Supplier Diversity Goes Global and Green — Read more.
  • CNN's Wolf Blitzer to Deliver Opening Keynote at ISM 2012 Conference — Read more.
  • Plan 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.


March Non-Manufacturing ISM Report On Business®: NMI at 56%

Economic activity in the non-manufacturing sector grew in March for the 27th 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 percent in March, 1.3 percentage points lower than the 57.3 percent registered in February, and indicating continued growth at a slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 58.9 percent, which is 3.7 percentage points lower than the 62.6 percent reported in February, reflecting growth for the 32nd consecutive month. The New Orders Index decreased by 2.4 percentage points to 58.8 percent, and the Employment Index increased by 1 percentage point to 56.7 percent, indicating continued growth in employment at a slightly faster rate. The Prices Index decreased 4.5 percentage points to 63.9 percent, indicating prices increased at a slower rate in March when compared to February. According to the NMI, 16 non-manufacturing industries reported growth in March. Respondents' comments remain mostly optimistic about business conditions. They indicate that increased discretionary spending reflects the increased confidence level of businesses and consumers. There is continued concern about cost pressures and the instability of fuel prices."

To read the entire release, click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing Growth Holds Steady Through Q1 2012

The global manufacturing sector posted further modest expansions in production, new orders and employment at the end of Q1 2012. However, input cost inflationary pressure continued to surge upwards, mainly as a result of high oil and transportation prices.

At 51.1 in March, little-changed from 51.2 in February, the JPMorgan Global Manufacturing PMI™ posted above the no-change mark of 50.0 for the fourth month running.

For the complete JPMorgan release, click here.

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Feature Article: Supplier Diversity Goes Global and Green

In today's supply chain, successful suppliers have developed global and green initiatives to strengthen their competitiveness. Many diverse companies have successfully adopted these types of differentiating strategies. There is an increasing amount of education and support available from companies and community organizations for those interested in exploring these initiatives.

Large, mature corporations have leveraged the global market to drive down costs and increase market share. Diverse suppliers must do the same. Pacific Gas and Electric Co. (PG&E), headquartered in San Francisco, has devoted programs to train diverse suppliers on how to go global and green. Read more about them in this March/April 2012 eSide Supply Management article.

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CNN's Wolf Blitzer to Deliver Opening Keynote at ISM 2012 Conference

Emmy Award-Winning Journalist Wolf Blitzer will deliver the opening keynote at Institute for Supply Management™'s (ISM) 97th Annual International Supply Management Conference and Educational Exhibit. ISM's Conference takes place May 6-9, 2012 in Baltimore at the Baltimore Convention Center.

Blitzer is CNN's lead political anchor and anchor of "The Situation Room with Wolf Blitzer," as well as CNN's former senior White House correspondent. He brings a wealth of experience to the fast-paced political news program "The Situation Room with Wolf Blitzer." In addition to politics, Blitzer is known for his in-depth reporting on international news. His work has taken him to war zones, peace conferences, sites of natural disasters and countries around the world to cover a wide range of major breaking stories. He has interviewed some of recent history's most notable figures, including presidents and heads of state, politicians, candidates and observers.

ISM's Conference also attracts notable figures and key influencers for four days of supply management professional development, training and networking. Attendees can customize their educational experience by choosing workshops from one or more of nine learning tracks: Best Practices in Supply Management; Developing and Leading Impactful Supply Management Organizations; Essential Skills and Abilities; Global Trends in Supply Management; Manufacturing; Risk Management; Services Procurement; Supplier Development and Collaboration; and Talent Management.

CONFERENCE REGISTRATION
Member price for registrations received by April 13 is US$1,279 and member price for registrations received after April 13, is US$1,349. Visit the ISM website to learn more, register online, download the Conference brochure or book hotel reservations.

EDUCATIONAL EXHIBIT HALL
This year's Educational Exhibit Hall showcases more than 100 suppliers. The Exhibit Hall will be the setting for several breakfasts and networking sessions. Popular Industry Spotlights are back this year. These mini educational sessions will feature senior executives from some of ISM Conference's major sponsors.

CONFERENCE CAREER CENTER
World-class organizations will be on hand to conduct on-site interviews and recruit potential employees. Conference registrants can upload their résumés onto the confidential Conference Career Center database. Conference attendees who aren't looking for a new position can listen in on the Conference Career Center Special Sessions and come away with tools, tips and strategies to advance their careers.

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Plan 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.

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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: COMPETENT PARTIES.

Definition: Legal requirement for creation of a valid contract encompassing: (1) age (18 years in most jurisdictions); (2) mental capacity (requisite understanding of the transaction; and (3) authority (acting for oneself or on behalf of another). Sometimes referred to as capacity to contract or contractual capacity.

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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