|In This Issue ...
- June Manufacturing ISM Report On Business®: PMI at 49.7% — Read more.
- Feature Article: Getting Supplier Diversity Going — From the Middle Up — Read more.
- Web Seminar July 24: "Intel and Conflict Minerals: A Journey of Learning, Challenges and Leadership" — Read more.
- ISM Risk Management Conference July 26-27: "Buying the Umbrella Before It Rains" — 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.
|June Manufacturing ISM Report On Business®: PMI at 49.7%
Economic activity in the manufacturing sector contracted in June for the first time since July 2009; however, the overall economy grew for the 37th 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 49.7 percent, a decrease of 3.8 percentage points from May's reading of 53.5 percent, indicating contraction in the manufacturing sector for the first time since July 2009, when the PMI registered 49.2 percent. The New Orders Index dropped 12.3 percentage points in June, registering 47.8 percent and indicating contraction in new orders for the first time since April 2009, when the New Orders Index registered 46.8 percent. The Production Index registered 51 percent, and the Employment Index registered 56.6 percent. The Prices Index for raw materials decreased significantly for the second consecutive month, registering 37 percent, which is 10.5 percentage points lower than the 47.5 percent reported in May. Comments from the panel range from continued optimism to concern that demand may be softening due to uncertainties in the economies in Europe and China."
Read the entire Manufacturing ISM Report On Business® release.
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|Feature Article: Getting Supplier Diversity Going — From the Middle Up
Although most organizational culture changes are difficult to implement from the middle up, supplier diversity is one exception. Supply professionals at any level can become agents of change in this arena, thanks to a number of low- and no-cost ideas.
In fact, many can be undertaken with time and effort alone. These strategies can help supply management professionals become grassroots change agents.
Read this eSide Supply Management article online.
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|Web Seminar July 24: "Intel and Conflict Minerals: A Journey of Learning, Challenges and Leadership"
||Tuesday, July 24, 2012
||3 p.m.-4:30 p.m. — US Eastern
2 p.m.-3:30 p.m. — US Central
1 p.m.-2:30 p.m. — US Mountain
12 p.m.-1:30 p.m. — US Pacific
7 p.m.-8:30 p.m. — GMT
||$69 — ISM members; $99 — Non-Members
Intel is a recognized leader in the development and implementation of conflict minerals business practices. Join this interactive session with an expert willing to share processes, challenges encountered and overcome, key questions to ask, how to map supply lines and what a due diligence framework might look like. Practical observations and information on available resources will also be addressed during an ample time for Q&A.
Duran joined Intel in 1998 as a process engineer in the Portland Technology Development Group. In the next nine years, she held technical and management positions in research and development groups, focusing on interconnects, polymer memory and wafer test methods. In 2007, she joined the Fab Materials group. Duran began leading the conflict minerals program for Intel in Apr 2011, and also manages a team of technologists who ensure Intel's supply line meets worldwide Environmental Health and Safety regulatory requirements.
She received her B.S. in Materials Science and Engineering from Carnegie Mellon University, and her Ph.D. in the same field from Northwestern University.
John serves as the editor of Inside Supply Management®, the flagship publication of the Institute for Supply Management™ and the authoritative resource for supply management executives in companies of all sectors, shapes and sizes.
John has worked in the publishing industry for more than 15 years — both in newspapers and trade publications. He began his career at ISM in 1999 as a senior writer, and was promoted to the role of editor.
John holds his degree in English from the University of Northern Iowa.
Registration is available online.
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|ISM Risk Management Conference July 26-27: "Buying the Umbrella Before It Rains"
For many industries, the supply chain is the No. 1 arena for risk susceptibility. In the past few years, we have seen natural disasters dramatically impact international supply chains. Think of your own supply chain and where gaps can be found — anywhere from supplier weakness to economic uncertainty and fluctuating markets.
"Buying the Umbrella Before It Rains" is a two-day risk management conference by Institute for Supply Management™ — taking place in Chicago July 26-27, 2012 — is designed to provide an overview and practical information to help you connect the dots from risk management to your supply chain planning and execution.
The conference theme focuses on the many facets of risk management. Discover how organizations successfully confront risk using innovative tools and processes, and make those solutions part of your risk management survival kit. This program includes takeaways and success stories to apply to your enterprise. Practitioners will share their tried-and-true stories to help companies avoid pitfalls.
If the past few years have taught us anything, it's that we must be prepared if we want to succeed.
Who Should Attend
This event is ideal for supply management professionals engaged in developing and supporting corporate risk management initiatives. Supply management professionals might also want to invite those outside of supply management, in an effort to gain buy-in and to build the foundation for organizational success.
Risk management initiatives are often holistic strategies that involve the entire organization. Strong risk analysis can improve negotiating postures, contract writing and gap analyses. If you're involved in any of these areas, consider attending this conference to strengthen your position.
Why You Should Attend
This conference is an opportunity to gain insight from supply chain professionals who have been in the trenches. Featured speakers include the chief risk officer from General Motors — who will share tools and examples from his experiences at this Fortune 500 Company.
Other speakers represent the American Red Cross; Gartner, Inc.; R. J. Reynolds Tobacco Company; Avery Dennison; and many more world-class organizations. Each session includes practical tools, assessments and takeaways so you can develop your risk strategy — or fine tune your existing plan.
Don't wait until disaster strikes; be prepared for what may be around the corner.
Attendees will earn 9.5 Continuing Education Hours.
Visit the ISM website for complete conference details — information, agenda, registration and more.
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|Website of Interest
This month's Website of Interest is: Supply Chain Council.
Supply Chain Council (SCC) is a global nonprofit organization whose framework, improvement methodology, training, certification and benchmarking tools help member organizations make dramatic, rapid, and sustainable improvements in supply chain performance.
The Supply Chain Operations Reference (SCOR®) is the world standard for supply chain management, a model that provides a unique framework for defining and linking performance metrics, processes, best practices, and people into a unified structure.
The SCC website offers a wide variety of PDF downloads of papers, presentations and proceedings, which are searchable by topic. It also offers a blog, forums, bookstore, career center and more.
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|Term of the Day
Today's ISM Term of the Day is: COURSE OF PERFORMANCE.
Definition: Practices or behavior of contracting parties in one contract involving repeated occasions of performance, e.g., an installment contract, that may be used to determine the meaning of their agreement.
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:
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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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