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

 
Tuesday, December 11, 2007
   


Ariba

University of San Diego School of Business Administration

Cartus

Big Fish Inc.

In This Special Issue ...
  • Semiannual Economic Forecast: Economic Growth to Continue in 2008.  Read more.
  • A Call to Action: Developing a Social Responsibility Business Case.  Read more.
  • Does Your Work Experience Qualify for ISM's Professional Credentialing Programs?  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


Semiannual Economic Forecast: Economic Growth to Continue in 2008

Economic growth in the United States will continue in 2008, say the nation's purchasing and supply management executives in their December 2007 Semiannual Economic Forecast.

Expectations for 2008 are at a higher level for the manufacturing sector than the non-manufacturing sector. The non-manufacturing sector is projecting moderate growth. The manufacturing sector has a higher level of optimism about 2008, with revenues expected to grow more than in the non-manufacturing sector.

These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management™ (ISM). The forecast was released today by Norbert J. Ore, C.P.M., chair of the ISM Manufacturing Business Survey Committee, and group director, strategic sourcing and procurement, Georgia-Pacific LLC; and by Anthony S. Nieves, C.P.M., CFPM, chair of the ISM Non-Manufacturing Business Survey Committee and senior vice president — supply management, Hilton Hotels Corporation.

To read the entire forecast click here.

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A Call to Action: Developing a Social Responsibility Business Case

The ISM Committee on Social Responsibility recently released a report to assist supply management professionals to initiate and/or enhance social responsibility programs in their organizations. "A Call to Action: Developing a Social Responsibility Business Case" spells out why the principles of social responsibility are important and provides a template for organizations to develop a business case for social responsibility.

The report is available in the social responsibility area of the ISM Web site along with additional business case tools for social responsibility programs. Click here.

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Does Your Work Experience Qualify for ISM's Professional Credentialing Programs?

ISM now formally evaluates work experience for those candidates who are unsure if their current or previous positions are considered applicable to ISM's professional credentialing programs.

ISM policy disallows candidates to self-validate work experience. We do not accept résumés or business cards as proof of titles or responsibilities.

The experience verification process requires each potential candidate to submit the same type of work experience documentation that is requested with the original application for consideration. ISM will return an evaluation to the candidate (hardcopy or PDF) indicating what experience is acceptable. Candidates should submit this document with their original application package when they are ready to apply. This document will take the place of the work experience letters required.

To download this form, click here.

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Term of the Day

Today's ISM Term of the Day is: STRATEGIC PARTNERING.

Definition: The systematic leveraging of purchasing's resources and capabilities through mutually beneficial relationships with other internal and external players to strengthen the organization's competitive advantage.

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 currently 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.

To access the online Glossary click here.

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

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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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