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

 
Wednesday, October 4, 2006
   


MeadWestvaco

KARRASS

ISM's 92nd Annual International Supply Management Conference

Just in ETime -- Pass It On

In This Issue ...
  • September Non-Manufacturing ISM Report On Business®: Business Activity at 52.9%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • Scottsdale Welcomes the 7th Annual Services Conference.  Read more.
  • ISM Volunteer Positions Available.  Read more.
  • New Qualification Program Exam Specification.  Read more.
  • ISM Contributes to Advancement in Supply Management Research/Academia.  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


September Non-Manufacturing ISM Report On Business®: Business Activity at 52.9%

Business activity in the non-manufacturing sector increased at a slower rate in September 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 42nd consecutive month in September," Nieves said. He added, "Business Activity increased at a slower rate in September than in August. Employment, New Orders, New Export Orders, Supplier Deliveries, Backlog of Orders and Inventory Sentiment increased at a faster rate. Ten of 18 non-manufacturing industry sectors report increased activity in September. Members' comments in September are mixed concerning current business conditions. The overall economy, interest rates and security issues are areas of concern. The Prices Index decreased 15.7 percentage points this month to 56.7 percent. The overall indication in September is continued economic growth in the non-manufacturing sector but at a slower pace than in August."

To read the entire release click here.

Back to Top


Latest JPMorgan Global PMI: Global Report on Manufacturing

Growth of Global Manufacturing Production and New Orders Steadied at Robust Levels in September. Cost Inflation at Five-Month Low.

The latest PMI survey of the global manufacturing sector suggested that growth of production and new orders steadied at robust levels in September. This broad consolidation of the trends in output and new business meant that companies were encouraged to expand recruitment further, albeit to a lesser extent than one month ago. Although the latest PMI data pointed to a marked easing in the rate of increase in average input prices, cost inflation remained at an elevated level.

The headline JPMorgan Global Manufacturing PMI — which acts as a barometer of overall operating conditions in the global manufacturing sector — posted 54.9 in September. That was the lowest PMI reading during Q3 2005, although the index remained well above the no-change mark of 50.0 that separates growth from contraction.

For the complete JPMorgan release click here.

Back to Top


Scottsdale Welcomes the 7th Annual Services Conference

ISM and the ISM Services Group present Innovation and Real-World Strategies: Optimize Your Services Spend, December 7-8, 2006, in Scottsdale, Arizona. This year the focus is on innovation and real-world results during the 7th Annual Services Conference. Some program highlights: Kraft Foods tells how supplier relationship management initiatives are driving down costs in their organization and a representative from Travelocity teams with McKesson Corporation to demonstrate how to curb the travel spend. Discover innovation in your marketing spend as well as new ways to harness healthcare costs. Additional presentations focus on successes from other areas of services.

For more information about this program, or to register click here.

Note: Tourist season is in high gear in Scottsdale in December, so make your reservations now. All sessions are at the Hilton Scottsdale Resort & Villas. For reservations, call 480/948-7750 or www.scottsdaleresort.hilton.com. Be sure to reference group code ISM.

Back to Top


ISM Volunteer Positions Available

This notification outlines the ISM volunteer positions available in May 2007. ISM encourages all members to express their interest in ISM volunteer opportunities.

Submit your Volunteer Interest Form by December 15, 2006.

ISM Volunteer Positions Available:

  • Affiliate Support Council (ASC) — 5 positions
  • Leadership Training Committee (LTC) — 8 positions
  • Diversity Committee — 4 positions
  • Permanent Conference Committee (PCC) — 1 position
  • Project Based Volunteer Activities — periodic, need-based positions

Descriptions for each position are available on the ISM Web site and include term of office, eligibility, qualifications, duties and time commitment.

For Affiliate Support Council or Leadership Training Committee positions click here.

For Diversity, Permanent Conference, or Project Based Committee positions click here.

Back to Top


New Qualification Program Exam Specification

The new Certified Professional in Supply Management (CPSM) exam specifications have been posted on the ISM Web site. The CPSM exam specification highlights included the following:

  • Exam 1 - Foundation of Supply Management
    • Covers: Contracting/negotiations; cost/finance; international; social responsibility; sourcing; supplier relationship management
    • Includes 165 questions (150 scored — 2 hours, 45 minutes)

  • Exam 2 - Effective Supply Management Performance
    • Covers: Forecasting; logistics; materials & inventory management; organization/department assessment; planning; product development; project management; quality
    • Includes 165 questions (150 scored — 2 hours, 45 minutes)

  • Exam 3- Leadership in Supply management
    • Covers: Leadership; risk and compliance; strategic sourcing
    • Includes 180 questions (165 scored — 3 hours)

To view the ISM New Qualification Program Exam Specification document in its entirety click here.

Back to Top


ISM Contributes to Advancement in Supply Management Research/Academia

In its mission to lead supply management, Institute for Supply Management— (ISM), with the support of the ISM Board of Directors, has awarded grants to two doctoral candidates who are conducting research in supply management or related fields. The objective of ISM's Doctoral Dissertation Grant Program is to produce useful research that can be applied to supply management and to develop high-potential academicians who will teach and conduct research in supply management. A key criterion for selecting grant recipients is that their dissertations have direct value and implications for the purchasing and supply management function.

  • James W. Hamister — School of Management, The State University of New York, Buffalo
  • Heng Xu — Sloan School of Management, Massachusetts Institute of Technology

ISM's Doctoral Dissertation Grant Program seeks qualified applicants from a diverse population regardless of gender, race, creed, age, ethnic origin, sexual orientation or disability. Applicants must be doctoral candidates who are pursuing a Ph.D. or D.B.A. in supply management, supply chain management, purchasing, business, logistics, management, economics, industrial engineering, or related fields.

For more information on this program or to read the entire release click here.

Back to Top


Term of the Day

Today's ISM Term of the Day is: VOLUNTARY INTERINDUSTRY COMMERCE STANDARDS (VICS).

Definition: An voluntary, nonprofit organization that establishes cross-industry standards to simplify the flow of product and information in the general merchandise retail industry.

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.

NOTE: Coming November 1, 2006 — the all new, expanded, fourth edition of the ISM Glossary of Key Supply Management Terms. The updated Glossary is a valuable reference tool for supply professionals, academics, researchers and students, and includes information from all disciplines within supply management. The new Glossary also includes a searchable CD and almost 300 new legal terms.

For more information on the new Glossary of Key Supply Management Terms click here.

Back to Top


Rate and Review this item

Rate this item:



Log in to rate or review this item.


Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

Back to Top