|In This Issue ...
- September Non-Manufacturing ISM Report On Business®: NMI at 55.1% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Feature Article: Middle Markets in the Limelight — Read more.
- 5th Annual ISM Sustainability and Social Responsibility Conference: November 1-2, 2012 in Manhattan Beach, California — Read more.
- Register Now To Attend 13th Annual ISM Services Conference — 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.
|September Non-Manufacturing ISM Report On Business®: NMI at 55.1%
Economic activity in the non-manufacturing sector grew in September for the 33rd 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 55.1 percent in September, 1.4 percentage points higher than the 53.7 percent registered in August. This indicates continued growth this month at a faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 59.9 percent, which is 4.3 percentage points higher than the 55.6 percent reported in August, reflecting growth for the 38th consecutive month. The New Orders Index increased by 4 percentage points to 57.7 percent. The Employment Index decreased by 2.7 percentage points to 51.1 percent, indicating growth in employment for the second consecutive month but at a slower rate. The Prices Index increased 3.8 percentage points to 68.1 percent, indicating higher month-over-month prices when compared to August. According to the NMI™, 12 non-manufacturing industries reported growth in September. Respondents' comments continue to be mixed; however, the majority indicate a slightly more positive perspective on current business conditions."
Read the entire Non-Manufacturing ISM Report On Business® release.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Downturn in Global Manufacturing Eases in September
The downturn in the global manufacturing sector continued in September, following further contractions in both output and new orders. The JPMorgan Global Manufacturing PMI™ — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — posted 48.9, up slightly from August's 38-month low of 48.1, but below the neutral 50.0 mark for the fourth month running.
The average reading for the global manufacturing PMI through Q3 2012 as a whole is 48.5, below Q2's 50.4 and the weakest outcome since Q2 2009.
Read the complete JPMorgan release.
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|Feature Article: Middle Markets in the Limelight
They are the middle children of the business world. Tucked between billion-dollar companies that attract great attention because of their size, and small businesses that grab headlines for their entrepreneurial spirit, middle-market companies are powerful segments of the U.S. economy that often get lost — well, in the middle.
But, recent research into middle-market companies — those with annual revenue between US$10 million and $1 billion — finds they are the growth engines in today's economy. The importance of middle-market companies is reflected in the newly created National Center for the Middle Market (NCMM) at Ohio State University's Fisher College of Business in Columbus, Ohio. Research by the center finds some common threads running through middle-market companies. He explains that middle-market companies tend to:
- Have supply chains that are more likely to be local and/or regional, creating stronger links and affiliations with local communities.
- Be more employee-intensive because they rely less on processes and systems than large corporations do.
- Be more resilient and agile than large companies because their organizations are flatter, with less bureaucracy.
Read this Inside Supply Management® article in its entirety.
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|5th Annual ISM Sustainability and Social Responsibility Conference: November 1-2, 2012 in Manhattan Beach, California
Incorporating sustainability and social responsibility into your supply chain is no longer an arbitrary choice; it's become an important part of business strategy. Despite its short history and somewhat slow start to gain momentum in some industries, smart business leaders realize that sustainability fits quite nicely with lean strategies. After all, the ultimate goal of both is to optimize resources and eliminate waste.
Your organization can't move forward unless you remain competitive. Having a strong organizational strategy that addresses sustainability and corporate social responsibility (CSR) is an essential ingredient for a strong organization. Attend ISM's 5th Annual Sustainability and Social Responsibility Conference and discover the benefits of embracing this business philosophy. Every day, the headlines in our most respected business publications announce another story about an organization that has committed itself to sustainable business practices. Organizations are reducing their carbon footprints, practicing responsible sourcing and planning for the next generation. It's a win-win for you and your stakeholders.
Attendees will gain insights about:
- Practices for high SSR impact
- Operationalizing sustainability
- McDonald's recipe for global workforce diversity
- Ethics and anti-corruption
- The supply chain role in human rights
- CPOs share sustainability implementation views
- Engaging diverse suppliers in the supply chain
- Driving product sustainability
- Synergies and strategies to move ahead.
Who Should Attend This Program
Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives. Supply management professionals may want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success. Corporate sustainability and social responsibility initiatives are holistic strategies that involve the entire organization. From the CEO to administrative support, all areas must heed the call to sustainability and CSR — but supply chain professionals are often the catalysts to change within the organization.
Earn 11 Continuing Education Hours (CEHs) for your participation.
Attend This Pre-Conference Seminar and Double Your Strategic Takeaways
"Mastering Sustainability and Social Responsibility (SSR) in the Supply Chain"
October 30-31, 2012
Supply chain professionals increasingly face the twin issues of sustainability and social responsibility (SSR), both in the context of their day-to-day work and in the context of their careers and professional development. The challenges to fully understand and work with such complex topics are substantial, in part because they can be game-changers to the status quo, and in part because they are often characterized by significant trade-offs with traditional cost and service/delivery concerns. This engaging seminar provides attendees with a foundational knowledge of SSR responsibility issues most important to supply chain professionals, and offers tools and best practices that can be applied to attendee's specific situations. Case studies and significant attendee participation augment lecture-style presentation.
Who Should Attend
Supply chain managers and others responsible for the leadership, design, implementation and/or continuous improvement of procurement-centered sustainability strategies; EH+S managers focused on environmental responsibility in the supply chain. No prior experience with sustainability is necessary, but knowledge of fundamentals of supply management will enhance the participant's overall experience.
Register for the pre-conference seminar and the SSR Conference and save US$200 on the complete package. Attend both programs and pack in as much value and working knowledge as you can in one trip. Visit the ISM website for a complete outline of this valuable seminar.
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|Register Now To Attend 13th Annual ISM Services Conference
Registration is open for the 13th Annual ISM Services Conference, December 6-7, 2012 at the Pointe Hilton Tapatio Cliffs Resort in Phoenix. Presented by Institute for Supply Management™ (ISM) Services Group, this highly-rated program is a great opportunity to learn from other practitioners and experts. The one-and-one-half day program evolves to keep attendees current by building on the previous year.
Topics to be covered in this year's conference include:
- Sourcing and Managing Telecom Services
- Developing a Great Services RFP
- Contracting for Success
- Facilities Management
- Legal Considerations
- Software Licensing
The program also includes collaborative roundtable discussions and networking time.
Registration fee is US$949 for ISM members, US$1,149 for nonmembers and US$250 for students. To register online, visit www.ism.ws. Attendees can earn 9.5 Continuing Education Hours (CEHs).
All sessions are at the Pointe Hilton Tapatio Cliffs Resort, 11111 N. 7th St., Phoenix, AZ 85020. Book your hotel room online or call +1 602/866-7500. Go online to receive the special room rate of US$139 Single/Double. The ISM rate is offered until November 8, 2012 or until the room block is sold out.
*Save US$200 when you register for both the Services Conference and this year's pre-conference seminar, "Strategic Services Procurement: Applying Strategic Sourcing Principles to the Procurement of Services" (#4458), December 4-5, 2012 in Phoenix.
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|It's Easy to Subscribe to the Just in ETime Newsletter
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- Under the "Membership" tab, select the "My Account."
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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: DECLARED VALUE.
Definition: The practice of stating the value of goods being transported on the shipping document. Declared value can be used for the purpose of achieving a lower freight rate or for obtaining insurance.
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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