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Monday, May 2, 2011
   


Cartus: Destination China

Institute for Supply Management (ISM) Logo

Orlando 2011 -- ISM's 96th Annual International Supply Management Conference & Educational Exhibit

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In This Issue ...
  • April Manufacturing ISM Report On Business®: PMI at 60.4% — Read more.
  • Feature Article: Ripe for Change — Read more.
  • Stand Out From Your Peers — CPSD™ Exam Offered Onsite at 2011 WBENC Conference — Read more.
  • Feature Article: Paper Cuts That Don't Sting — Read more.
  • Save on CPSM® and CPSD™ Exams — Read more.
  • Website 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.


April Manufacturing ISM Report On Business®: PMI at 60.4%

Economic activity in the manufacturing sector expanded in April for the 21st consecutive month, and the overall economy grew for the 23rd 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 recent trend of rapid growth in the manufacturing sector continued in April as the PMI registered above 60 percent for the fourth consecutive month. The New Orders and Production Indexes continue to drive the PMI, as they have both exceeded 60 percent for five consecutive months. Manufacturing employment appears to have developed significant momentum, as the Employment Index readings for the first four months of 2011 are the highest readings in the last 38 years. Inventory growth also took place in April after two months of destocking; however, the inventory restocking would appear to be necessitated by the strong performance in new orders. While the manufacturing sector is definitely performing above most expectations so far in 2011, manufacturers are experiencing significant cost pressures from commodities and other inputs."

To read the entire release, click here.

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Feature Article: Ripe for Change

Changes at Pfizer Inc. — including a series of acquisitions and the creation of a centralized procurement organization — prompted supply management leaders to seize the opportunity for deeper procurement penetration in some of the more nontraditional spend areas of consulting, legal and financial services. Pfizer's Worldwide Procurement organization formed a new professional services team to focus on those three areas, known as knowledge management services (KMS), to increase services, savings and success for the company.

Pfizer's initiative has won one of the ISM Awards for Excellence in Supply Management in the Process category.

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Stand Out From Your Peers — CPSD™ Exam Offered Onsite at 2011 WBENC Conference

Women's Business Enterprise National Council (WBENC), along with Institute for Supply Management™ (ISM) have arranged a unique opportunity for members of either organization to take the new Certified Professional in Supplier Diversity™ (CPSD™) Exam following the WBENC 2011 National Conference & Business Fair, to be held June 21-23, 2011 in Las Vegas.

The new CPSD™ designation launched by ISM is developed for supply management and supplier diversity professionals who want to strengthen their knowledge and enhance their credentials in the field of supplier diversity. The CPSD™ Exam covers the major areas of supplier diversity and supply management. WBENC has been instrumental in working with ISM to include diversity subject matter experts in the development of the new designation.

As a supporter of the new CPSD™ program, WBENC has arranged for the CPSD™ Exam (one of two exams required for applying for the CPSD™) to be available for members on Friday morning, June 24, 2011 in Las Vegas.

"WBENC is proud to offer our Corporate Members access to this new Certified Professional in Supplier Diversity™ credential. We believe it is important to recognize professional expertise in the area of corporate supplier diversity and are pleased that this certification will convey that knowledge in the business community," said WBENC President and CEO Pamela Prince-Eason, who is also an ISM Certified Professional in Supply Management® (CPSM®).

Registration fee for the onsite CPSD™ Exam at the WBENC Conference is US$180. Non-ISM members who register at the special rate of US$180 will save US$85 from the normal non-member rate. For more information on the CPSD™ Program, CPSD™ Exam specifications, and specifics on the onsite CPSD™ Exam scheduled for Friday, June 24, 2011 in Las Vegas, visit the ISM website. Registration deadline for the onsite WBENC Conference CPSD™ Exam is June 10, 2011.

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Feature Article: Paper Cuts That Don't Sting

Although paper reduction sounds simplistic, it can be challenging for an organization to achieve. It requires a thorough understanding of its supply chain, the drivers for its use and the ability to implement the right changes. The key is to design — and execute — an effective paper-reduction strategy.

Sprint Nextel Corporation has recognized the significance of including paper reduction in its green initiatives. In addition to eliminating 14.3 million pounds of printed paper between 2007 and 2009, our company cut costs in excess of $11 million.

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Save on CPSM® and CPSD™ Exams

Do you plan to attend ISM's Annual Conference this May in Orlando? If so, plane to come in a little early to take advantage of half-price paper-and-pencil CPSD™ and CPSM® Exams (with full conference registration) held on Saturday, May 14, 2011 before the start of the Conference on Sunday. What a great way to save, learn leading supply chain best practices and take the next step in your career.

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Website of Interest

This month's Website of Interest is MIT Forum for Supply Chain Innovation:

Led by Executive Director William R. Killingsworth, Ph.D., the MIT Forum for Supply Chain Innovation (the Forum) is a unique community composed of academics and industry members whose support allows Forum researchers to provide customer-focused solutions to design and manage the new supply chain.

The Forum delivers tools to aid the supply chain community in several ways, including access to thought-leading research, participation in meetings at MIT and in Europe, access to lectures and presentations from prior meetings and the ability to design and sponsor highly targeted research.

At the website, non-members can find research project examples, news and events, video casts and more — even supply chain games!

Please note: These external Internet addresses contain information created, published, maintained or otherwise posted by institutions or organizations independent of ISM. Links from these websites, or any other website(s) accessible from these websites, to any product, entity, service or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other website.

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Term of the Day

Today's ISM Term of the Day is: INTERNATIONAL AIR TRANSPORT ASSOCIATION.

Definition: Organization that works to initiate cooperation among airlines to ensure that people, freight and mail can move easily around the globe.

A different Term of the Day is posted on the ISM Home Page 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.

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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.

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