Thursday, November 1, 2012

In This Issue ...
  • October Manufacturing ISM Report On Business®: PMI at 51.7% — Read more.
  • Feature Article: Developing Diverse Global Supply Chains — Read more.
  • International Trade Centre and Institute for Supply Management™ Agree on Reciprocity Deal  — Read more.
  • Register Now To Attend 13th Annual ISM Services Conference — 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.

October Manufacturing ISM Report On Business®: PMI at 51.7%

Economic activity in the manufacturing sector expanded in October for the second consecutive month following three months of slight contraction, and the overall economy grew for the 41st 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 51.7 percent, an increase of 0.2 percentage point from September's reading of 51.5 percent, indicating growth in manufacturing at a slightly faster rate. The New Orders Index registered 54.2 percent, an increase of 1.9 percentage points from September, indicating growth in new orders for the second consecutive month. The Production Index registered 52.4 percent, an increase of 2.9 percentage points, indicating growth in production following two months of contraction. The Employment Index registered 52.1 percent, a decrease of 2.6 percentage points, and the Prices Index registered 55 percent, reflecting a decrease of 3 percentage points. Comments from the panel this month reflect continued concern over a fragile global economy and soft orders across several manufacturing sectors."

Read the entire Manufacturing ISM Report On Business® release.

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Feature Article: Developing Diverse Global Supply Chains

In the United States, the concept of supplier diversity is becoming more embedded in corporate culture each year. Supply management professionals seek out small- and midsized businesses owned and operated by women, African Americans, Hispanics and other minorities to round out their supply chains, and they are increasingly developing relationships and partnerships built on the foundation of mutual benefit to both parties.

For some organizations, working with women- and minority-owned business enterprises (WMBEs), especially in the first and second tiers of the supply chain, is nothing new. Yet to some, it can be a challenge to simply define what supplier diversity means to their companies, and which companies are considered diverse suppliers.

Outside of the U.S., many countries are in the midst of developing their own definitions of supplier diversity. Not all of them are as far along in maturity of their programs as those in the U.S., but governments, associations and large organizations are hammering out strategies to encourage companies to work with WMBEs.

This article looks at two countries and their current supplier diversity environments. Canada and South Africa are quite different from one another, and yet supply management executives working in these countries and others are dealing with similar challenges. Who are the minority groups that make up the pool of WMBE suppliers in each country, and what are the objectives for companies working with these suppliers?

Read this Inside Supply Management® article online.

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International Trade Centre and Institute for Supply Management™ Agree on Reciprocity Deal

The International Trade Centre (ITC) and Institute for Supply Management™ (ISM) have entered an agreement based on mutual recognition of each institution's supply chain management certification programs. Under the joint initiative, current holders of ITC's Modular Learning System in Supply Chain Management (MLS-SCM) diploma who also have at least three years of professional experience can apply to ISM to obtain the Certified Professional in Supply Management® (CPSM®) credential. Likewise, current CPSM® holders can apply to ITC to obtain an MLS-SCM diploma.

ITC Executive Director Patricia Francis said that the agreement between the two organizations highlights the importance of working toward common standards. "This agreement comes in response to a changing global marketplace in which professionals are expected to be more mobile than ever before and have widely recognized qualifications suited to an international career," Francis said.

ISM CEO Thomas W. Derry praised the cooperative relationship for its goal of providing a wider range of services to supply chain management professionals. "Both our organizations recognize the role purchasing and supply management make to corporate, national and international prosperity," Derry said. "This reciprocity agreement will allow supply management professionals to possess globally recognized credentials that will amplify their influence and impact in the global marketplace."

ITC has offered the MLS-SCM professional certification program since 2002 through a network of licensed institutions in more than 50 countries. The Modular Learning System in Supply Chain Management is composed of 18 modules covering a comprehensive set of skills and knowledge required in a changing global marketplace.

MLS-SCM holders can request program information or obtain a CPSM® application by contacting ISM via Michelle Pattee or, call +1 480/752-6276, extension 3074. CPSM® holders may direct inquiries related to the MLS-SCM program via email.

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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 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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Website of Interest

This month's Website of Interest is: Supply Times

Supply Times is an online collection of news, white papers, case studies, guides and reports offering insights and best practices about sourcing, manufacturing, inventory, logistics and other integration and operations processes. All articles are managed by a team of editors in an effort to spotlight the latest trends, see how other businesses are adapting to the changing environment, and explore a variety of solutions and strategies that could work for any supply chain situation.

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these websites, or any other website(s) accessible from these websites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other website.

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Term of the Day

Today's ISM Term of the Day is: STANDARD REQUISITION.

Definition: Form used to communicate an internal customer’s needs to purchasing and the supplier.

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

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