|In This Issue ...
- September Non-Manufacturing ISM Report On Business®: NMI at 53.2% — Read more.
- Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
- October 27 Web Seminar: "Leveraging Technology to Protect your Savings Strategy" — Read more.
- Feature Article: Engaging Suppliers to Excel — Read more.
- ISM to Offer Supplier Diversity Qualification — Read more.
- Register Now for the 8th Annual Black Executive Supply Management Summit (BESMS): "Transition and Transformation — Lead the Momentum" — Read more.
- Feature Article: Listening. Communicating. Connecting. — Read more.
- It's Easy to Subscribe to the Just in ETime Newsletter — Read more.
- Term of the Day — Read more.
- Contact Us — Read more.
|September Non-Manufacturing ISM Report On Business®: NMI at 53.2%
Economic activity in the non-manufacturing sector grew in September for the ninth consecutive month, 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 Worldwide. "The NMI (Non-Manufacturing Index) registered 53.2 percent in September, 1.7 percentage points higher than the 51.5 percent registered in August, indicating continued growth in the non-manufacturing sector at a faster rate. The Non-Manufacturing Business Activity Index decreased 1.6 percentage points to 52.8 percent, reflecting growth for the 10th consecutive month, but at a slower rate than in August. The New Orders Index increased 2.5 percentage points to 54.9 percent, and the Employment Index increased 2 percentage points to 50.2 percent, indicating growth in employment for the third time in the last five months. The Prices Index decreased 0.2 percentage point to 60.1 percent, indicating that prices increased in September at a slightly slower rate. According to the NMI, 11 non-manufacturing industries reported growth in September. Respondents' comments continue to be mixed about business conditions, with a slight majority reflecting optimism."
To read the entire release, click here.
Back to Top
|Latest JPMorgan Global PMI: Global Report on Manufacturing
Global Manufacturing PMI Slipped to a 14-Month Low in September, as Growth of Production, New Orders and Employment All Slowed
Growth of the global manufacturing economy moderated again in September. At 52.5, down further from April's near six-year high, the JPMorgan Global Manufacturing PMI™ fell to a 14-month low. Rates of expansion eased for production, new orders, new export orders and employment.
Manufacturing output rose for the sixteenth month in a row in September, but at the slowest pace since June 2009. Although production continued to rise across the major industrial regions covered by the survey, rates of expansion were generally slower than in August. Growth eased in the US and Japan (both to 15-month lows), the Eurozone (weakest in 11 months) and the UK (slowest in a year).
For the complete JPMorgan release, click here.
Back to Top
|October 27 Web Seminar: "Leveraging Technology to Protect your Savings Strategy"
Date: Wednesday, October 27, 2010
Time: 2 p.m. (EDT) /11 a.m. (PDT)
Price: No cost
Length: 60 minutes
Spend management technology has matured over the last decade, with a large number of organizations automating their processes and relying on technology tools as enablers for generating savings. Having the basic spend management process structure in place, most companies have already achieved first-level savings targets.
Now, the challenge lies in raising the game to achieve the elusive advanced savings through better supplier management, sourcing of complex categories, analyzing the collected information and, of course, restricting all avenues for saving leakages.
During this Web seminar, experts will speak on ways to use existing tools and technology to promote process transparency and take the first steps toward creating a comprehensive plan to realize next-generation savings.
Topics of discussion will include:
- Automated mapping of corporate spend patterns for easy identification of saving leakages
- Real-time, online collaborative decision-making to promote transparency in supplier evaluation and management
- Internal benchmarking of same category spend by slicing and dicing data across business units
- Integrated compliance tracking to cut back on maverick spend
- Tracking, consolidating and leveraging commodity pricing information for better negotiation.
- R. David Nelson
CEO and Senior Advisor
Dave Nelson Group, Inc.
- Anurag Dixit
Vice President of Marketing
Attendance of the live session of this Web seminar qualifies for one CEH credit at ISM. Registration is available on the ISM website.
Back to Top
|Feature Article: Engaging Suppliers to Excel
Recent economic challenges have affected all industries, but the defense industry has faced the need to find ways to deliver top-quality, innovative and highly sensitive products to its customers, often for less cost. Lockheed Martin Missiles and Fire Control (MFC), one of the most well-known global security corporations in the world, has rolled up its sleeves to work collaboratively with its key suppliers to spark solutions to current and future challenges.
Check out this recent Inside Supply Management® article to find out how proactive preparation for whatever might happen — with trusted partners alongside — can help any team face whatever might be waiting over the ridge.
Back to Top
|ISM to Offer Supplier Diversity Qualification
Institute for Supply Management™ (ISM) invites supply management professionals to take the next step in advancing their careers by obtaining the Certified Professional in Supplier Diversity™ (CPSD™) designation. ISM's newest designation is intended for supplier diversity professionals and supply management professionals who hold diversity responsibilities. Offering a supplier diversity designation is a significant way for ISM to demonstrate commitment to supplier diversity and to respond to ever-growing requests from the supplier diversity community. The CPSD™ will deliver added value to business leaders and other team leaders who have an interest in, or participate in the development of, diverse supplier initiatives within their organizations.
Requirements for the Certified Professional in Supplier Diversity™ are:
- Candidates must successfully pass CPSM® Exam 1. This requirement is waived if the candidate holds a current Certified Purchasing Manager (C.P.M.) or Certified Professional in Supply Management® (CPSM®).
- Candidates must successfully pass the CPSD™ Exam.
- Candidates must demonstrate three years of professional supply management or supplier diversity experience (not necessarily full-time) with a bachelor's degree from a regionally accredited college or university, or five years of professional experience (not necessarily full-time) if they do not hold a bachelor's degree.
The full CPSD™ program will launch in early 2011. ISM is currently scheduling pilot testing, which has been a standard practice each time it has introduced a new professional credential. Pilot testing will be offered through ISM affiliates and participating companies on-site in early November 2010. Companies and ISM affiliates must have at least eight candidates interested in taking the CPSD™ pilot exam in order to register for the Pilot Testing Program. For more information on the CPSD™ pilot exam, contact Michelle Pattee or +1 480/752-6276, extension 3074.
Visit ISM online for exam specifications, to express your interest in the CPSD™ Pilot Testing Program or to register to receive e-mail updates on the CPSD™.
Back to Top
|Register Now for the 8th Annual Black Executive Supply Management Summit (BESMS): "Transition and Transformation — Lead the Momentum"
Scheduled February 9-11, 2011 in Boca Raton, Florida, the theme of the 8th Annual Black Executive Supply Management Summit (BESMS) is "Transition and Transformation — Lead the Momentum."
Sponsored by ISM and Howard University, attendees will learn from thought leaders and change agents within the supply management field and in leading-edge organizations. They will hear about best practices (and how to transform them into business as usual), as well as how to effectively support internal and external stakeholders; how to be a mentor, a leader and a gifted supervisor; and how to gain a reputation as go-to people inside and outside their organizations.
Who Should Attend
This program is presented for executives and managers in supply, with a special track for students enrolled in supply management degree programs. It is ideal for those with a passion for supply management, diversity and innovation.
Participation as a potential mentor or protégé is encouraged. Proceeds from the program are used for a scholarship fund to send students to the ISM 96th Annual International Supply Management Conference and Educational Exhibit, May 15-18, 2011 in Orlando, Florida.
Back By Popular Demand
The ISM BESMS is at the same time and same location as the Hispanic Supply Management Summit and the Women Executive Supply Management Summit. Each summit has its own set of workshops, but general sessions are together. This gives attendees the added benefit of networking time with their colleagues attending the other summits. Attendees are welcome to attend any of the concurrent sessions offered by either of the other Summits.
Complete conference information, an agenda, registration information and more are available online.
Back to Top
|Feature Article: Listening. Communicating. Connecting.
Strong buyer-supplier relationships are among the most critical aspects of successful supply chains. Today, supply management professionals know we must have a team rapport with key suppliers.
This recent eSide Supply Management article explores the reasons why, overall, suppliers must believe they'll have a long-term affiliation with us, their customers. Most of all, the author contends, it's critical that as supply management professionals, we are able to communicate clearly and often with our suppliers.
Back to Top
|It's Easy to Subscribe to the Just in ETime Newsletter
To receive Just in ETime:
- First, log into the ISM website using your username and password.
- If you have never created a profile/account on the ISM Web site — or if you don't remember if you have an account — click "Log In" in the upper right-hand corner of the ISM Home Page.
- Under "Log In," you will find a "Did you forget your username and password?" link. Click that link, and enter your e-mail address. (If you have more than one e-mail address, try each one.)
- If you do have an account, the ISM system will e-mail you your username and password.
- If, however, the system tells you the e-mail address was not found in our records, you will want to create a new account. Do this by clicking the "My Account" tab in the upper right-hand corner of the ISM Web site, followed by "Create New Account."
- Once you've created your new account, proceed to the "Manage Newsletters" link, which is also found under the "My Account button" tab.
- Finally, select Just in ETime from the list of available newsletters.
If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
Back to Top
|Term of the Day
Today's ISM Term of the Day is: FULFILLMENT SERVICE PROVIDER.
Definition: An organization with its own assets and resources that manages and executes part or all of the storage, processing and shipment of goods for other companies.
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.
Access the online Glossary.
If you are not a member but would like membership information, visit the ISM website.
Back to Top
Rate and Review this item