|In This Issue ...
- August Manufacturing ISM Report On Business®: PMI at 52.9% — Read more.
- Inside the Latest eSide Supply Management — Read more.
- September is the Final Month to Enter Richter Awards Competition — Read more.
- ISM Sustainability and Social Responsibility Conference® — Read more.
- Learn Services Procurement Strategies for Today's Tough Economy — Read more.
- ISM CEO Novak Named to FAIR Institute Board — 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.
|August Manufacturing ISM Report On Business®: PMI at 52.9%
(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in August, following 18 consecutive months of contraction, and the overall economy grew for the fourth 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 year-and-a-half decline in manufacturing output has come to an end, as 11 of 18 manufacturing industries are reporting growth when comparing August to July. While this is certainly a positive occurrence, we have to keep in mind that it is the beginning of a new cycle and that all industries are not yet participating in the growth. The August index of 52.9 percent is the highest since June 2007. The 4 percentage point increase was driven by significant strength in the New Orders Index, which is up 9.6 points to 64.9 percent, the highest since December 2004. The growth appears sustainable in the short term, as inventories have been reduced for 40 consecutive months and supply chains will have to re-stock to meet this new demand."
To read the entire release, click here.
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|Inside the Latest eSide Supply Management
Check out the July/August 2009 edition of eSide Supply Management, ISM's members-only bimonthly e-publication for up-and-coming supply management professionals, to read these articles:
To access past editions of eSide, click here.
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|September is the Final Month to Enter Richter Awards Competition
Institute for Supply Management™ (ISM) is accepting entries for the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management. Deadline for applications via ISM's Web site is September 18, 2009.
The ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management are open to supply management departments of all sizes and geographic locations, both domestic and international. The competition recognizes organizations that raise the bar and bring supply management best practices to the forefront. Entries should address big challenges for which new solutions have had wide organizational and/or supply chain impact.
For the 2010 awards, the project/initiative must either (1) have been completed and/or implemented or (2) have measurable outcomes within the date range of October 1, 2006 through September 30, 2009.
An application fee of $1,000 per organization is required for 2010 award applications. Organizations that submit multiple applications will only be charged this fee once, regardless of the number of applications they submit.
Multiple entries are welcomed in one or more of the following categories:
The fifth category — Sustainability — is new for the 2010 competition. In its broadest sense, sustainability includes principles of social responsibility. Examples include: supply management's role, both internally and externally across practices, products, services and business philosophies; developing measurements and results-reporting capabilities and action plans; and implementing continuity contingency plans to manage natural disasters, terrorist actions and the like.
Richter award recipients will be notified in January 2010 and will be honored at an awards dinner on Sunday, April 25, 2010 at the ISM Annual International Supply Management Conference and Educational Exhibit in San Diego. Winning organizations agree to present a Conference session describing their project. Questions regarding the awards may be directed to Terri Tracey, CAE, at 800/888-6276, extension 3071 (or, for callers outside the United States, +1 480/752-6276, extension 3071), or by e-mail at firstname.lastname@example.org.
For full category descriptions and information on how to apply for the 2010 awards, visit the ISM Web site: click here.
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|ISM Sustainability and Social Responsibility Conference
When: November 5-6, 2009
Where: Marriott Inn and Conference Center UMUC* (Adelphi, Maryland) — a LEED-Certified facility
- Get past the hype to the nuts and bolts and the bottom line.
- Discover best practices in sustainability and social responsibility.
- Follow the trail as you discover how organizations have taken sustainability and social responsibility from concept to execution.
Whether your organization is in manufacturing or the services sector, it's time to discover the benefits of a socially responsible organization. Find out how social responsibility and sustainability strategies have benefited other organizations. These sessions are presented by the cream of the crop in supply management.
Learn how other organizations have embraced social responsibility and turned it into an effective business practice for everyone. Sustainability is here to stay, and your organization's level of commitment can make or break your bottom line.
Who Should Attend
- Supply management professionals engaged in developing and supporting corporate social responsibility and sustainability initiatives.
- Supply management professionals might want to invite those outside of supply management to gain buy-in and to build the foundation for organizational success.
- Corporate sustainability and social responsibility initiatives are holistic strategies that involve the entire organization, from the CEO to administrative support.
Sustainability — the ability to meet current needs without hindering the ability to meet the needs of future generations in terms of economic, environmental and social challenges.
Social responsibility — a framework of measurable corporate policies and procedures and resulting behavior designed to benefit the workplace and, by extension, the individual, the organization and the community in the following areas: community, diversity and inclusiveness — supply base, diversity and inclusiveness — workforce, environment, ethics, financial responsibility, human rights, health and safety, and sustainability.
Attend this pre-conference seminar and double your strategic takeaways:
What: Finance for the Supply Management Professional
When: November 3-4, 2009
Register for the pre-conference seminar and the SSR Conference and save $200 on the complete package. Attend both programs and pack in as much value and working knowledge as you can in one trip.
Visit the ISM Web site for a complete outline of this valuable seminar, click here.
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|Learn Services Procurement Strategies for Today's Tough Economy
What: 10th Annual ISM Services Conference
When: December 3-4, 2009
Where: Pointe Hilton Tapatio Cliffs Resort (Phoenix, Arizona)
The 10th Annual ISM Services Conference offers lessons learned over the last decade, and real-world accomplishments from some of the world's most visible and successful organizations. During the two-day Conference, the following breakout sessions will be offered:
- Practical Ways to Select and Manage Service Suppliers in a Challenging Economy
- Putting Service Back into Services Procurement!
- Developing an Effective Strategic Procurement Plan
- Developing a Well-Defined Program to Manage Contingent Workers
- Six Sigma Applications in the Indirect Sourcing Process
- Academy Award Performances: Big Screen Lessons for Supply Chain Professionals
- Reviewing the Contract: What to Look For in the Terms and Conditions
- Outsourcing: When, Why and How to Manage
- High-Quality Service Delivery: Collaboration — The Ultimate KPI
- End-to-End Supplier Management in a Telecom Environment
- A Practical Guide to Agency Compensation Assessment and Benchmarking
- Procurement's Value in the Midst of Mergers & Acquisitions
All sessions will take place at the Pointe Hilton Tapatio Cliffs Resort, 11111 N. 7th St., Phoenix, AZ 85020. For reservations, call (602)866-7500. Be sure to mention ISM to receive the special room rate of $169 Single/Double. The ISM rate is offered until November 8, 2009. Rooms sell out quickly, so be sure to reserve your room early.
For complete details or to register, click here.
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|ISM CEO Novak Named to FAIR Institute Board
Supply management executive Paul Novak, CPSM, C.P.M., A.P P., has joined the board of the Federal Acquisition Innovation and Reform Institute (FAIR). Novak is CEO of Tempe, Arizona-based Institute for Supply Management™ (ISM).
FAIR is a nonpartisan, non-profit organization whose mission is to innovate and reform the federal acquisition system. FAIR's board of directors is comprised of leaders in acquisition and supply management from private industry, government and academia.
Novak has extensive experience driving excellence in professionalism and knowledge in supply management. As ISM's chief executive, he has led governance and operational changes that have raised the profile of supply management within public and private organizations.
"Supply management has gained great respect over the years because of our willingness to collaborate and share information with key constituencies," Novak says. "I support FAIR's similar goals to effect change and achieve world-class government contracting and acquisition by forging stronger links between policy and execution."
FAIR has written many articles and white papers on new developments related to federal and defense acquisition reform, and he provides other valuable resources related to best practices in commercial and federal acquisition. For information, click here.
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|Web Site of Interest
This month's Web Site of Interest is World Economic Forum:
The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.
Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. The World Economic Forum is under the supervision of the Swiss Federal Government.
Its Web site offers publications, videos, interviews, a diverse list of hosted forums and communities and much more. To access World Economic Forum, 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: FALSE CLAIMS ACT.
Definition: U.S. federal law that provides for the recovery of damages and remedies upon proof of loss to the government, sustained through fraud in the award or performance of government contracts.
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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