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Monday, June 5, 2006
   


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In This Issue ...
  • May Non-Manufacturing ISM Report On Business®: Business Activity at 60.1%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • ISM Announces the Retirement of Non-Manufacturing Business Survey Committee Chair.  Read more.
  • The Power of the Services Supply Chain: Strategies for Innovation.  Read more.
  • A.P.P. Accreditation Deadline Approaching — Don't Miss Out!  Read more.
  • Handouts Available from the Hospitality Supply Management's Spring Conference.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


May Non-Manufacturing ISM Report On Business®: Business Activity at 60.1%

Business activity in the non-manufacturing sector increased in May 2006, 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; and senior vice president - supply management for Hilton Hotels Corporation. "Non-manufacturing business activity increased for the 38th consecutive month in May," Nieves said. He added, "Business Activity, New Orders and Backlog of Orders increased at slower rates in May than in April. Prices, New Export Orders, Imports and Employment increased at faster rates. Thirteen of 17 non-manufacturing industry sectors report increased activity in May, compared to 14 that reported increased activity in April. Members' comments in May are mostly positive concerning current business conditions. Price increases have again become a significant area of concern for many members as a result of raw material and fuel price increases. The Prices Index jumped 7 points this month to 77.5 percent, a level not seen since September 2005 when the index was 78.4 percent. The overall indication in May is continued economic growth in the non-manufacturing sector."

To read the entire report click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing Expansion Passed Its Peak in May, as Growth of Output and New Orders Slowed and Cost Inflationary Pressure Mounted.

The rate of improvement in global manufacturing operating conditions remained robust in May, despite easing slightly from April's twenty month high. This was signaled by the JPMorgan Global Manufacturing PMI registering 55.0, from 55.9, to post a level above the neutral 50.0 mark for the thirty-fifth successive month.

National PMI data provided further evidence of a shift in the focus of global manufacturing growth away from the US and towards the Eurozone. While the Eurozone PMI advanced to a sixty-nine month high, the ISM PMI slipped to 54.4%, its lowest level for nine months.

For the complete JPMorgan release click here.

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ISM Announces the Retirement of Non-Manufacturing Business Survey Committee Chair

After more than 12 years of service, Ralph G. Kauffman, Ph.D., C.P.M, will retire as ISM's Non-Manufacturing Business Survey Committee chair. Kauffman's replacement, Anthony S. Nieves, C.P.M., A.P.P., CFPM, will assume responsibility of the ISM Non-Manufacturing Report On Business® effective June 5, 2006.

Prior to stepping into the Non-Manufacturing Business Survey Committee chair position in 1997, Kauffman served as chair of the Manufacturing Business Committee from 1994 to 1996. After a career change from the oil industry to his most recent role as associate professor of management and coordinator of the Supply Chain Management Program at the University of Houston-Downtown, ISM asked Kauffman to lead the initiative to develop the Non-Manufacturing survey and the affiliated Non-Manufacturing Report On Business®.

To read the complete news release click here.

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The Power of the Services Supply Chain: Strategies for Innovation

An ISM Services Group Program
St. John's University - Manhattan Campus New York, NY
June 8, 2006

Spend the day with some of the industry's leading experts from MetLife, Dun & Bradstreet, Pfizer Inc, JVKellyGroup and Voice of Empowerment, Inc. Learn to develop a successful strategy and integrate real solutions that achieve significant results.

ISM and St. John's University have again teamed up to present valuable insights into new strategies for innovation solutions to help you contain and even lower costs that are associated with purchasing services. Make a dynamic difference within your organization by enhancing and more effectively managing your services spend. This one-day event is filled with back-to-back sessions, including dynamic negotiation strategies for service related contracts and techniques that improve the bottomline.

$495 ISM Members/$695 Nonmembers. Register online and save $25

Sponsored by:

  • St. John's University
  • The Peter J. Tobin College of Business
  • JVKelly Group

Earn 6.25 Continuing Education Hours (CEHs) when you attend this one-day event.

For more information or to register click here.

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A.P.P. Accreditation Deadline Approaching — Don't Miss Out!

Individuals interested in securing the A.P.P. Original/Original Lifetime accreditation will need to apply by February 28, 2007, at which time ISM will cease issuing new A.P.P.s.

The Accredited Purchasing Practitioner (A.P.P.) designation is specifically designed for entry-level supply management professionals, or those primarily engaged in the operational side of the supply function.

The A.P.P. will still be recognized and honored within the supply management profession. ISM encourages individuals who have achieved the A.P.P. designation to continue citing it as part of their professional identity. ISM will continue to accept reaccreditation applications beyond February 28, 2007. ISM has no plans to discontinue reaccreditation.

Remember, you have until February 28, 2007 to postmark your A.P.P. Original/Original Lifetime Accreditation Application. For more information click here.

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Handouts Available from the Hospitality Supply Management's Spring Conference

The handouts from the 2006 Hospitality Supply Management Spring Conference are now available online on the ISM Web site.

The 2006 Hospitality Supply Management Spring Conference took place May 17-19 in Chicago, IL. Some of the workshops that supplied handouts included the following:

  • Procurement's Influence on the Success of Your Company's Brand
  • Contracts / Legal Words to Use
  • Hurricane Planning and Recovery — Lessons Learned
  • Yan Can Cook: Live Demonstration

To access the handouts click here.

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Term of the Day

Today's ISM Term of the Day is: PARTS PER MILLION (PPM).

Definition: A measure of quantity that may be used in a quality specification, whereby defective parts must not exceed a specified number of parts per million parts supplied; a ratio of number of failures to number of parts supplied.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day -- 7 days a week. The Term of the Day is taken from the Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary of Key Supply Management Terms 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.

To access the Glossary click here.

If you are not a member but would like membership information click here.

Help us update this Glossary! If you don't find the term or definition that you are looking for let us know. We will be updating the ISM Glossary in the coming months, and your input will be useful for the new edition. To contact us regarding the Glossary, e-mail: mpeck@ism.ws

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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