|In This Issue ...
- March Manufacturing ISM Report On Business®: PMI at 36.3% — Read more.
- Inside the Latest eSide Supply Management — Read more.
- Introducing the ISM-ADR School for Supply Management" — Read more.
- ISM Fine-Tunes Annual Conference to Address Economic Climate — Read more.
- No-Cost April 7 Webinar: "Enlisting Finance Support to Help Reduce Supply Risk" — Read more.
- Web Site of Interest — Read more.
- Term of the Day — Read more.
- It's Easy to Subscribe to the Just in ETime Newsletter — Read more.
- Contact Us — Read more.
|March Manufacturing ISM Report On Business®: PMI at 36.3%
Economic activity in the manufacturing sector failed to grow in March for the 14th consecutive month, and the overall economy contracted for the sixth consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "The rapid decline in manufacturing appears to have moderated somewhat, as the PMI remains in the mid-30s for a third consecutive month. While the PMI is slightly higher in March, the New Orders Index offers greater encouragement, as it rose above the 40-percent mark for the first time in seven months. The Production Index showed no benefit as yet from the improvement in new orders, as it continued to decline at a rate similar to March. The rate of decline in the Employment Index slowed slightly, and the same held true for the Prices Index. A special question was asked with regard to the Economic Stimulus Package, and five of the 18 manufacturing industries expect to derive some benefit from the stimulus."
To read the entire release, click here.
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|Inside the Latest eSide Supply Management
Check out the March/April 2009 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:
- Successful Contracting: Getting Beyond the Basics
Today's supply management organizations face ever-increasing challenges: Workloads are heavy, expectations are high and qualified high-capacity staff are sometimes hard to find. In this "pressure cooker" environment, the management team at your organization must look beyond traditional supply chain processes and embrace the underlying value proposition in contracting. Three critical strategies can help you mine the contracting function's potential value.
- 4 Ways to Build Your Job Security in a Struggling Economy
Recessionary times can actually provide supply management professionals with opportunities to progress in their careers. Four strategies can enhance your prospects, even during times like these.
- A Look Inside Green MBA Programs and the Business Drivers Fueling Them
Leaders at well-respected universities are implementing sustainable packaging, transportation and supply chain dynamics skills into their MBA curriculums. In fact, some institutions heeded the call from corporate America a while ago.
- Spotlight On 20-Something CPSM®s
Young supply management professionals are increasingly pursuing — and securing — professional certifications such as the Institute for Supply Management™'s esteemed Certified Professional in Supply Management® (CPSM®). eSide spotlights three driven 20-something CPSM®s setting the pace for their peers.
To access past editions of eSide, click here.
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|Introducing the ISM-ADR School for Supply Management
ISM and ADR North America have integrated their respective Professional Development programs to form the ISM-ADR School for Supply Management. This strategic alliance will provide powerful benefits to organizational training programs. Combined, ISM and ADR will provide organizations access to the highest level of supply management education, delivering customized professional development programs internationally.
The ISM-ADR School for Supply Management will offer clients a long list of expanded opportunities including:
- A wide range of services, including customized in-company training and online learning programs.
- Development Needs Analysis (DNA), a Web-based tool for identifying the knowledge of procurement staff and creating a personal development profile for each member of the team.
- Global reach with multilingual instructors.
- Professional development on every level, from buyers to executives.
Target Your Critical Training Needs
Development Needs Analysis (DNA) is a Web-based tool for identifying the knowledge of procurement staff and creating a personal development profile (PDP) for each member of the team. ISM and ADR program managers develop the correct survey question set for each client company, creating a questionnaire that covers every applicable area. This non-threatening survey is delivered to individual desktops for each professional to take at his or her own pace using a unique login and password.
Reduce Training Costs
With rising operational and training costs, executives now stress the need to reduce expenditures and improve key supply management skills to meet the challenges of the current economy.
By investing in training — at your location — you can minimize time away from the office while still offering training in cost reduction, negotiations, strategic sourcing or other supply management skills.
ISM's Professional Development programs provide best-in-class educational offerings to an ever-changing global marketplace. Our instructors are seasoned practitioners who hail from public, private and academic sectors.
For more information, please contact:
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|ISM Fine-Tunes Annual Conference to Address Economic Climate
If you're like the rest of us and have an eye on the economy, then you won't want to miss ISM's 94th Annual International Supply Management Conference May 3-6, 2009 in Charlotte, North Carolina.
This is a pivotal year for most organizations, and the supply chain continues to be an area that can contribute to organizations' overall success. ISM is fine-tuning its Conference content so attendees gain the tools to power through 2009 and enter 2010 with solid traction. All Conference sessions will include the most current information about the marketplace and how it relates to supply management issues.
Be sure to attend the Tuesday, May 5 session when ISM will present the Economic Outlook featuring the Report on Business®. Two prominent economists will offer their insight into the coming year.
Registration information, brochure and 2009 Conference Navigator are available online, click here.
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|No-Cost April 7 Webinar: "Enlisting Finance Support to Help Reduce Supply Risk"
Event: "Procurement's New Mandate: Enlisting Finance Support to Help Reduce Supply Risk
Date: Tuesday, April 7, 2009
Time: 2 p.m. EDT/11 a.m. PDT
- Jason Busch
Editor of www.spendmatters.com
- Andrew Jesse
Vice President, Professional Services
Note: This no-cost, streaming-only Web seminar is 60 minutes long.
When it comes to monitoring the financial condition of your supply base in the current downturn, most companies are struggling to keep pace with how fast this environment is evolving. Procurement organizations alone will never be able to solve supply risk by themselves. Rather, they must work closely with finance leaders to mitigate the varied aspects of risk that can impact large portions of the business.
Together, both groups can take action, bringing together the right team to build increased overall spend and supplier visibility, enable better coordination and results, and deploy enabling P2P technology to drive compliance and overall risk reduction.
Additionally, given how fast things are changing, companies foster a false sense of security by monitoring supplier credit ratings or running once per quarter (or once a year) financial analyses on a supply base. Instead, companies must proactively mitigate the impact of supply risk by:
- Looking closely at key supplier behavior and indicators on a more frequent basis
- Automating, monitoring and tracking the overall P2P process
- Keeping current information on up-to-the-minute internal reporting metrics
- Sharing information with key constituents to enable action
Log on for this April 7 Webinar and learn from industry experts how companies can — and are — reducing the odds of all types of supply risk negatively impacting their business.
Register online, click here.
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|Web Site of Interest
This month's Web Site of Interest is Sourcing Innovation
Started by Michael Lamoureux, Ph.D. in 2006, this popular daily blog focuses on sourcing, procurement, purchasing, supply management and spend management, as well as best practices, education and innovation. The blog is intended to be a resource for supply management professionals interested in improving their own performance, as well as their organizations'.
To access Sourcing Innovation, click here.
Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these Web sites, or any other Web site(s) accessible from these Web sites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other Web site.
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|Term of the Day
Today's ISM Term of the Day is: EXPLODE.
Definition: The process of taking the information in a bill of material (BOM) and expanding it to determine the number, due dates and necessary order dates of subcomponents to produce the required quantity of finished products in a master production schedule.
A different Term of the Day is posted on the ISM Home Page (www.ism.ws) 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.
To access the online Glossary, click here.
If you are not a member but would like membership information, click here.
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|It's Easy to Subscribe to the Just in ETime Newsletter
The Just in ETime e-mail newsletter delivers ISM- and supply/procurement-related news and updates directly to subscribers' desktops every other week. You'll receive breaking news, such as the ISM Report On Business®, information on upcoming seminars and programs, changes to ISM's certification programs, as well as Web sites of interest to supply/procurement professionals.
It's easy to subscribe to the Just in ETime newsletter: all you need is your e-mail address. Best of all — there's no charge to become a subscriber!
To subscribe to Just in ETime, click here.
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