|In This Issue ...
- November Non-Manufacturing ISM Report On Business®: NMI™ at 54.7% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- Feature Article: Laying a (Green) Foundation — Read more.
- Web Seminar Today: "Why the Contemporary CPO Requires Diverse Data for Effective Supplier and Spend Management" — Read more.
- Women in Supply Management — Register Now for 5th Annual Summit — 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.
|November Non-Manufacturing ISM Report On Business®: NMI™ at 54.7%
Economic activity in the non-manufacturing sector grew in November for the 35th 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 54.7 percent in November, 0.5 percentage point higher than the 54.2 percent registered in October. This indicates continued growth at a slightly faster rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 61.2 percent, which is 5.8 percentage points higher than the 55.4 percent reported in October, reflecting growth for the 40th consecutive month. The New Orders Index increased by 3.3 percentage points to 58.1 percent. The Employment Index decreased by 4.6 percentage points to 50.3 percent, indicating growth in employment for the fourth consecutive month but at a slower rate. The Prices Index decreased 8.6 percentage points to 57 percent, indicating prices increased at a slower rate in November when compared to October. According to the NMI™, 11 non-manufacturing industries reported growth in November. Respondents' comments are mixed; however, the majority of survey respondents reflect a cautious optimism about current economic conditions."
Read the entire Non-Manufacturing ISM Report On Business® release.
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|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing Sector Stabilizes in November
At 49.7 in November, from 48.8 in October, the JPMorgan Global Manufacturing PMI™ — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — rose to a five-month high and posted only marginally below the neutral 50.0 mark.
N.B. Please note that the previously published history of the global manufacturing indicators have been revised. This reflects the transition to using data from the Markit survey of US manufacturing from February 2010 onwards. Data prior to that date are still based on data obtained from the ISM US manufacturing survey.
Manufacturing production edged higher in November, halting a four-month period of contraction. Output growth in the US accelerated to a six-month peak, while production in China rose for the first time in four months. Expansions were also reported in Brazil, India, Indonesia, Mexico, Russia, Switzerland, Turkey, the UK and Vietnam.
Read the entire JPMorgan Global Manufacturing PMI™ release.
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|Feature Article: Laying a (Green) Foundation
In 2010, Intel issued its Blue Guide to Being Green — with "Blue" referring to Intel's signature shade. This resource includes more than 70 guidelines to help employees intelligently plan greener events specifically from an ecological perspective.
The guide was created by Intel's Corporate Strategic Procurement in partnership with the Organization and Event Marketing Group. It has helped Intel reach its current corporate sustainability targets through the delivery of carbon, water, energy and waste reductions across the event-marketing supply chain.
"Sustainability and innovation are two key imperatives that we're driving as an organization," says Frank Sanders, director of Intel's Corporate Strategic Procurement Organization. "The Blue Guide exhibits both."
The financial benefits of these efforts have also helped procurement teams deliver smarter and sustainable business value for the event operations.
A good outcome for Intel — but how can your own company move its sustainability value ideas from concept to actual results?
Read this eSide Supply Management article in its entirety.
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|Web Seminar Today: "Why the Contemporary CPO Requires Diverse Data for Effective Supplier and Spend Management"
||Wednesday, December 5, 2012
||12 p.m.-1 p.m. — US Eastern
11 a.m.-12 p.m. — US Central
10 a.m.-11 a.m. — US Mountain
9 a.m.-10 a.m. — US Pacific
5 p.m.-6 p.m. — GMT
The modern chief procurement officer relies on a series of strategies for making informed decisions regarding suppliers and spending. With a variety of procurement risks looming around every corner — including supply chain disruptions, general supplier risk and a failure to act on derived intelligence. Now more than ever, procurement executives must leverage data to fuel their strategies for 2012 and beyond.
In this web seminar, attendees will learn:
- The current pressures faced by CPOs in regards to supplier and spend management
- The necessary strategies for extracting better intelligence into your supplier base (and how to best leverage that intelligence)
- The required solutions for maximizing procurement and spend management data collection and analysis.
Vice President, Corporate Learning Systems
ADR North America, an ISM Services Company
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|Women in Supply Management — Register Now for 5th Annual Summit
Register now to attend the 5th Annual Women Executive Supply Management Summit, to be held February 5-7, 2013 at the Doubletree by Hilton New Orleans. This event delivers supply chain management strategies as well as general business approaches to help you streamline your enterprise.
Find out what other organizations are doing to get ahead. Hear from top performers representing General Mills, IBM Corporation and more. The program is open to all professionals in supply management who value diversity and innovation, with an emphasis on women executives, their direct reports and those interested in building their career in supply management. Women Executive Supply Management Summit sessions include:
- Navigating an Uncertain and Volatile World Economy
- Your Secret Weapon — Discover the benefits of using an organization that is WBENC and/or NMSDC-certified.
- Supply Chain Management in a Global Economy — Join IBM, a multi-award winning company and thought-leader in supply chain management, for an engaging conversation on supply chain globalization.
- Leadership: Confidence, Complexity and Coaching
- Executive Roundtable Networking
- Two Essential Ingredients: Strong Teams, Unwavering Ethics
- WEConnect International: Women-Owned Enterprises and Value in the Supply Chain
Hosted by Institute for Supply Management™ (ISM), the 5th Annual Women Executive Supply Management Summit is at the same time and location as the 10th Annual Black Executive Supply Management Summit. Each summit has its own set of workshops, but general sessions are together. Summit registrants are welcome to attend any of the concurrent sessions. Additional time has been built into the schedule to allow for active networking. Students in supply management degree programs are also invited to attend.
Register now by visiting the ISM website. Registration is US$949 for ISM members and US$1,149 for nonmembers. Student Member rate is US$250. Fees include all summit workshops and scheduled meals. Register by December 28, 2012 to receive a US$100 discount. (Student registration is not included in the discount offers.)
All sessions are at the Doubletree Hilton New Orleans, 300 Canal Street, New Orleans, LA 70130. For hotel reservations, please book online. Book by January 7, 2013, to receive the special rate of US$169. NOTE: Free in-room Internet was negotiated for guests staying at host facility.
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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, click "create an account" in the upper right-hand corner of the ISM Home Page.
- If you do have an account, enter your username and password in the upper right-hand corner of the ISM Home Page.
- Under the "Membership" tab, select the "My Account."
- Select "Manage Newsletters."
- 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: HUNDREDWEIGHT (CWT).
Definition: One hundred pounds; a common unit of weight used in transportation.
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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