--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

 
Tuesday, February 5, 2013
   


In This Issue ...
  • January Non-Manufacturing ISM Report On Business®: NMI at 55.2% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • Feature Article: Supplier Visits — Can You Afford Not to Go?" — Read more.
  • February 19 Web Seminar: "The Procurement Executive's Guide to 2013" — Read more.
  • Flextronics Supply Management Executive Is ISM Board Chair — 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.

Be the Solution: ISM's 2013 Annual Conference



January Non-Manufacturing ISM Report On Business®: NMI at 55.2%

Economic activity in the non-manufacturing sector grew in January for the 37th 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 55.2 percent in January, 0.5 percentage point lower than the seasonally adjusted 55.7 percent registered in December. This indicates continued growth at a slightly slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 56.4 percent, which is 4.4 percentage points lower than the seasonally adjusted 60.8 percent reported in December, reflecting growth for the 42nd consecutive month. The New Orders Index decreased by 3.9 percentage points to 54.4 percent, and the Employment Index increased 2.2 percentage points to 57.5 percent, indicating growth in employment for the sixth consecutive month. The Prices Index increased 1.9 percentage points to 58 percent, indicating prices increased at a faster rate in January when compared to December. According to the NMI™, eight non-manufacturing industries reported growth in January. Respondents' comments are mixed about the economy and business conditions; however, the majority of respondents are optimistic about the overall direction."

Read the entire Non-Manufacturing ISM Report On Business® release.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing PMI at Ten-Month High in January

The global manufacturing sector made an encouraging start to 2013, showing further signs of recovery following the soft patch seen through the middle of last year.

At 51.5 in January, the JPMorgan Global Manufacturing PMI™ — a composite index* produced by JPMorgan and Markit in association with ISM and IFPSM — rose to a ten-month high and has posted back-to-back readings above the 50.0 expansion mark around the turn of the year.

Read the entire JPMorgan release.

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Feature Article: Supplier Visits — Can You Afford Not to Go?

Managing supplier relationships in these turbulent times is a challenge for many businesses. On one hand, supply management professionals are responsible for managing risks, containing costs and nurturing innovation from the supply base. On the other hand, budgets are tight, staffing is lean and travel is limited. Visits to suppliers may be seen as a discretionary expenditure, yet nothing could be further from the truth. When carefully planned and executed, supplier visits create opportunities to collect valuable information — and information is power.

Read this Inside Supply Management® article in its entirety.

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February 19 Web Seminar: "The Procurement Executive's Guide to 2013"
Date: Tuesday, February 19, 2013
Time: 2 p.m.-3 p.m. — U.S. Eastern
1 p.m.-2 p.m. — U.S. Central
12 p.m.-1 p.m. — U.S. Mountain
11 a.m.-12 p.m. — U.S. Pacific
7 p.m.-8 p.m. — GMT
Length: 60 minutes
Price: No cost
Format: Streaming only
Sponsor: LexisNexis
Host: ISM

As we move into 2013, the modern procurement executive is faced with a variety of challenges, from the top-down directive, to drive cost savings, to the overarching pressures of supply risk.

Join host ISM and sponsor LexisNexis for an exclusive webcast featuring Aberdeen Group Research Director Christopher J. Dwyer as he highlights the several key items procurement professionals must be aware of in 2013 to drive business value.

This web seminar will also assist the modern chief procurement officer (CPO) in his or her quest to properly prepare for supply risk and build an effective program to proactively plan for and anticipate supply management disruptions.

Speakers:

  • Christopher Dwyer
    Research Director
    Aberdeen Research

  • Dihan Rosenburg
    Director of Product Planning
    LexisNexis Business Insight Solutions

Moderator:

  • John Yuva
    Director, Managing Editor
    Inside Supply Management®
    Institute for Supply Management™

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Flextronics Supply Management Executive Is ISM Board Chair

Flextronics supply management executive Thomas K. Linton, was named Board Chair at the Annual Meeting of Institute for Supply Management™ (ISM), held January 10, 2013, in Tempe, Arizona. Linton is the chief procurement and supply chain officer for Flextronics, a US$30 billion, industry-leading Fortune Global 500 electronics manufacturing services provider with more than 200,000 employees and operations in 30 countries.

At the beginning of his career, Linton spent 20 years at IBM, developing and founding several worldwide trading and technical centers. After leaving IBM, he helped found E2Open, Inc., a supply chain software company. Linton has also served as chief procurement officer of Agere Systems and Freescale Semiconductor. He most recently held the title of executive vice president and chief procurement officer at LG Electronics.

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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 John Yuva.

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Term of the Day

Today's ISM Term of the Day is: ROBINSON-PATMAN ACT.

Definition: U.S. federal antitrust law that requires a supplier engaged in interstate commerce to sell the same item to all customers at the same price (assuming the same purchase quantity). Exceptions permit a lower price: (1) for a larger purchase quantity, providing that the seller can justify the lower price through lower costs; (2) to move obsolete or distress merchandise; or (3) to meet the lower price of a competitor in a certain geographic region.

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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