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

 
Tuesday, December 8, 2009
   


Ariba

3rd Annual Hispanic Supply Management Summit (HSMS)

ISM's 95th Annual International Supply Management Conference

ISM and NBTA Summit on Travel & Meetings

In This Special Issue ...


December 2009 Semiannual Economic Forecast

Economic growth in the United States will resume in 2010, say the nation's purchasing and supply management executives in their December 2009 Semiannual Economic Forecast. Expectations for 2010 are for the positive conditions experienced in the second half of 2009 to continue in manufacturing, while the non-manufacturing sector foresees marginal growth, say the nation's purchasing and supply management executives in their December 2009 Semiannual Economic Forecast. The overall forecast projects optimism about the U.S. economy for 2010. The manufacturing sector overall is positive about prospects in 2010 with revenues expected to increase in 13 of 18 industries, while the non-manufacturing sector appears slightly less positive about the year ahead with 8 of 18 industries expecting higher revenues. Business investment, a major driver in the U.S. economy, will decline as both sectors expect a combined average of a 5.4 percent decline in capital spending.

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, CPSM, C.P.M., chair of the ISM Manufacturing Business Survey Committee; 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 Worldwide.

To read the entire release, click here.

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C.P.M. Exam Deadline is December 31, 2009

Important C.P.M. Exam Eligibility Reminders

Please review all C.P.M. exam registration and scheduling confirmation e-mails you have received from ISM and the Prometric testing facility where you have scheduled your exam(s). The confirmation notices include important details, instructions and requirements that you will need to know and follow closely in order to complete the C.P.M. examination process.

Check the eligibility expiration date for your C.P.M. Exam registration. The eligibility expiration date was included in the exam registration confirmation e-mail you received from ISM when you purchased your exam registration. Exam registration eligibilities are active for one year from the date of purchase. You may have an eligibility that expires PRIOR to December 31, 2009, which means you must take that exam before the eligibility expiration date. If you let the exam eligibility expire, you will not be able to re-register for that exam.

We recommend that you schedule your remaining exams with Prometric as soon as possible as testing space may be limited. You must notify Prometric at least 48 hours in advance of your test date/time if you want to cancel or reschedule. If you do not show up for a scheduled exam at the testing facility and do not cancel more than 48 hours prior to your testing date/time, you will forfeit the exam registration eligibility and will not be allowed to re-register. You must have the proper I.D. with you and your name on the I.D. must match the name on your exam registration (your middle initial does not need to appear). If you are not allowed to test because you do not have the proper I.D. or arrive late, you will forfeit the exam registration eligibility and will not be allowed to re-register.

If you fail an exam, please wait at least 24 hours before attempting to re-register for a re-take exam with ISM. If you are unable to re-register online with ISM, please contact ISM customer service as soon as possible. After registering for a re-take exam, please wait at least 24 hours before contacting Prometric to schedule a new test date/time.

DEADLINE TO RE-REGISTER TO RETAKE A FAILED C.P.M. EXAM IS 5 p.m. Eastern Standard Time on Wednesday, December 16, 2009.

Questions: ISM Customer Service at 800/888-6276 or +1 480/752-6276, option 8.

Prometric: www.prometric.com/ISM/default.htm for online assistance and regional facilities information, or call 800/360-3926.

PLEASE NOTE: ISM offices are closed for the holidays from December 24, 2009 through January 3, 2010.

For more information, click here.

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ISM Members: Vote Your Proxy

Vote on Important Issues for Your Institute!

The 2010 Proxy for the Annual Meeting of Members of the Institute for Supply Management, Inc.™ (ISM) was mailed to members on December 3, 2009. Members are being asked to vote on the election of ISM Board members and an amendment to the Bylaws. The report of the vote and other business of the organization will be made at the Annual ISM Membership Meeting that is to be held on Thursday, January 14, 2010 at 11:30 a.m. Mountain Standard Time at the headquarters of ISM at 2055 E. Centennial Circle, Tempe, Arizona.

For more information on ballot issues, click here.

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Purchasing & Supply Sourcing Guide

Try ISM's new online vendor search designed specifically for supply management industry professionals. The Guide enables professionals to conveniently perform targeted searches for industry-related products and services using either a user-defined keyword search, or an alphabetized category and sub-category directory search.

For more information, click here.

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Term of the Day

Today's ISM Term of the Day is: COMMERCIAL PAPER.

Definition: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory. Commercial paper is available in a wide range of denominations and can be either discounted or interest-bearing. Commercial paper is usually issued by organizations with high credit ratings, making the investment relatively low-risk.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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