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

 
Tuesday, February 5, 2008
   


Ariba

University of San Diego School of Business Administration

Karrass

93rd Annual International Supply Management Conference

In This Issue ...
  • January Non-Manufacturing ISM Report On Business®: NMI at 44.6%.  Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing.  Read more.
  • Upcoming Spring Conferences.  Read more.
  • ISM Debuts eSide Supply Management e-Publication.  Read more.
  • Over 110 Exhibitors and Counting!  Read more.
  • Term of the Day.  Read more.
  • Contact Us.  Read more.


January Non-Manufacturing ISM Report On Business®: NMI at 44.6%

Business activity in the non-manufacturing sector contracted in January for the first time in 58 months, 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. "The new NMI (Non-Manufacturing Index) at 44.6 percent indicates contraction within the non-manufacturing sector for January 2008. Non-manufacturing business activity contracted for the first time since March 2003," Nieves said. He added, "The New Orders Index contracted to 43.5 percent, the lowest since October 2001. The Employment Index contracted to 43.9 percent, the lowest since February 2002. The Prices Index decreased to 70.7 percent in January, indicating a slight slowing in price increases for January. According to the new NMI, only three non-manufacturing industries reported growth in January. Members' comments in January indicate that weakness in the economy coupled with increased costs have negatively affected their business. Members have also indicated that they are experiencing inflationary pressures. The overall indication in January is that non-manufacturing has come to the end of a long-term period of growth and has contracted for the month of January."

To read the entire release click here.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Growth of Output and New Orders Picked Up Slightly at the Start of 2008, But Conditions Remained Subdued Overall. Cost Inflation Hit Eighteen-Month Peak.

After ending 2007 at a two-and-a-half year low of 51.6, the JPMorgan Global Manufacturing PMI* recovered slightly to a four-month high of 52.3 in January. The headline PMI for the US rose back above the 50.0 no change mark, whilst the levels of PMIs for the Eurozone, Japan and China all held broadly steady. Conditions in the UK were comparatively weak, with the UK PMI slipping to a near two-and-a-half year low of 50.6.

January data indicated that rates of growth for production and new orders gained slightly, but remained below their respective averages for 2007 as a whole. Cost inflationary pressure continued to build, with input prices rising at the fastest rate for one-and-a-half years. With conditions still relatively subdued overall, and inflationary pressures rising, world manufacturing employment fell slightly for the first since May 2005.

For the complete JPMorgan release click here.

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Upcoming Spring Conferences
  • 5th Annual Black Executive Supply Management Summit
    Supply Management: 360° Views
    Sponsored by ISM and Howard University
    March 5-7, 2008
    Hilton Washington DC/Silver Spring
    Silver Spring, MD

  • The 19th Annual North American Research and Teaching Symposium on Purchasing and Supply Chain Management
    Sponsored by the Institute for Supply Management™ (ISM), Educational Resources Committee, CAPS Research, and the Purchasing Management Association of Canada (PMAC)
    March 27-29, 2008
    Embassy Suites Phoenix-Tempe
    Tempe, Arizona

  • ISM's 93rd Annual International Supply Management Conference and Educational Exhibit
    May 4-7, 2008
    America's Center
    St. Louis, MO

  • Spring Conference for Hospitality Supply Management
    Presented by the ISM Hospitality Supply Management Forum
    May 14-16, 2008
    Chicago (Downtown), IL

For more information about each of these conferences click here.

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ISM Debuts eSide Supply Management e-Publication

ISM announced the debut of its e-publication, eSide Supply Management: Essential Principles for Professional Growth. The online e-magazine is ISM's newest member benefit. Written with entry- and mid-level supply management professionals in mind, eSide Supply Management offers career advice, research survey results, international business tips, social responsibility and sustainability articles and more.

eSide Supply Management targets the up-and-coming supply management professional — principally individuals in the role of manager, buyer and purchaser. However, ISM's newest e-publication also promises to hold distinct value for supply professionals holding a variety of titles and responsibilities. Senior executives who want to stay current with trends and information important to their employees will also find eSide informative and relevant.

For more information about this latest e-publication click here.

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Over 110 Exhibitors and Counting!

The Educational Exhibit Hall is a valuable part of your Conference experience. This is your chance to connect with some of your suppliers and also network with your colleagues. The ISM Exhibit Hall features a cross-section of industries. ISM has signed up over 110 exhibitors with names from A (A.T. Kearney Procurement Solutions) to Z (Zycus).

Time in the Exhibit Hall is a good time to do some comparison shopping or gather information on special projects or even your routine spend. Use the casual atmosphere of the ISM Exhibit Hall to probe, ask questions and see product demonstrations.

To see a complete list of this year's exhibitors, with links to their Web sites, click here.

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Term of the Day

Today's ISM Term of the Day is: CLEARINGHOUSE INTERBANK PAYMENTS SYSTEM (CHIPS).

Definition: An international electronic clearinghouse system used primarily for international payments. This system is owned by a large number of financial institutions and countries and operated by the New York Clearinghouse Association, an association of New York banks.

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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