|In This Issue ...
- April Manufacturing ISM Report On Business®: PMI at 54.8% — Read more.
- Feature Article: Building a Resilient Supply Chain — Read more.
- ISM Exec Joins Supply Chain Stakeholders Panel in Washington, D.C. — Read more.
- Web Seminar May 17: "Reaching New Heights: The Dividends of Collaboration Between Finance and Procurement" — 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 54.8%
Economic activity in the manufacturing sector expanded in April for the 33rd consecutive month, and the overall economy grew for the 35th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business®.
The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "The PMI registered 54.8 percent, an increase of 1.4 percentage points from March's reading of 53.4 percent, indicating expansion in the manufacturing sector for the 33rd consecutive month. Sixteen of the 18 industries reflected overall growth in April, and the New Orders, Production and Employment Indexes all increased, indicating growth at faster rates than in March. The Prices Index for raw materials remained at 61 percent in April, the same rate as reported in March. Comments from the panel generally indicate stable to strong demand, with some concerns cited over increasing oil prices and European stability."
To read the entire release, click here.
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|Feature Article: Building a Resilient Supply Chain
As Cisco Systems expands its manufacturing and operations footprint around the globe, the company understands the variety of risks such a worldwide operation faces. That's why the San Jose, California-based company, with more than 700 direct suppliers and five manufacturing partners in more than 30 locations, created a centralized risk management team to ensure business continuity for its global supply chain. When a 9.0 earthquake struck northeastern Japan on March 11, 2011, the team, along with professionals throughout the organization, was able to guide the company through the most significant global supply chain disruption in modern history.
Supply Chain Risk Management (SCRM) is a centralized team in Cisco's Supply Chain Operations organization that partners with stakeholders across the organization and other functions, such as engineering and customer operations, to ensure supply chain business continuity and to build a resilient supply chain. Cisco's end-to-end supply chain resiliency initiative won the Institute for Supply Management™ — Michigan State University Awards for Excellence in Supply Management award in the Process category.
Read this Inside Supply Management® article online.
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|ISM Exec Joins Supply Chain Stakeholders Panel in Washington, D.C.
Institute for Supply Management™ (ISM) Vice President Scott R. Sturzl, CPSM, C.P.M., CPSD, attended a roundtable of The White House Council on Environmental Quality and Office of Public Engagement, held March 30, 2012 in Washington, D.C. Sturzl joined a panel of invited experts from U.S. government, private sector, not-for-profit and academia to explore options for aligning and broadening supply chain operations and environmental practices around mutually shared goals.
Tempe, Arizona-based Institute for Supply Management™ (ISM) is a leading proponent of ethical, sustainable and socially responsible business practices. Now in its eighth year, ISM's Principles of Sustainability and Social Responsibility initiative offers a range of self-auditing tools, business case studies, research and links to other organizations' sustainability and social responsibility programs on the website. ISM also presents an annual Sustainability and Social Responsibility Conference where leaders who are successfully developing and driving sustainability initiatives in their organizations share their most current and relevant best practices.
Sturzl says the fact that ISM was among the invited stakeholders is a testament to the nearly-100-year-old organization's work in the area of sustainability and social responsibility. "Our commitment to support efforts to create a Sustainable Supply Chain Community of Practice is consistent with ISM's mission to lead and serve supply management," he says. Sturzl holds leadership roles in both ISM's Committee on Sustainability and Social Responsibility and ISM's Ethical Standards Committee.
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|Web Seminar May 17: "Reaching New Heights: The Dividends of Collaboration Between Finance and Procurement"
Date: Thursday, May 17, 2012
Time: 2 p.m.-3 p.m. — U.S. Eastern/1 p.m.-2 p.m. — U.S. Central/12 p.m.-1 p.m. — U.S. Mountain/11 a.m.-12 p.m. — U.S. Pacific/6 p.m.-7 p.m. — GMT
Length: 60 minutes
Price: No cost
Format: Streaming only
Finance has traditionally counted on — and valued — the procurement function strictly for its ability to cut costs, giving the bottom line a much-appreciated lift. But in this new report — which surveyed 263 finance executives from North America, Europe and Asia — almost three-quarters of respondents say that the finance function at their company has grown more strategic-minded over the last three years.
In this webcast, we'll delve into the survey results, as well as sharing what we've learned from our in-depth interviews with more than half a dozen senior finance executives around the globe, to tell you how procurement's changing role might help your business gain a sustainable competitive edge.
- Sam Knox
Vice President and Director of Research
CFO Research Services
- John Lark
Director, Solutions Marketing
- Nora Pollard Neibergall, CPSM, CPSD, C.P.M.
Senior Vice President
Institute for Supply Management™
Registration is available online.
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|Website of Interest
This month's Website of Interest is Procurement Insights.
Procurement Insights — a blog by author and talk radio host Jon Hansen — was developed to engage, inform and empower its growing readership base through thought-provoking articles and a growing library of industry-specific white papers.
Recent posts and article series cover the topics of relational outsourcing the role of service-level agreements, the differences between "sourcing relationships" and "sourcing deals," and ISM's acquisition of ADR, to name a few.
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: POSITIONING.
Definition: The specific designation or image of a person, product, service or organization relative to competitors in the same market space.
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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|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 website — 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.
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- If you do have an account, the ISM system will email you your username and password.
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- Once you've created your new account, proceed to the "Manage Newsletters" link, which is also found under the "My Account" tab.
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If you have any questions or encounter any problems, please contact RaeAnn Slaybaugh.
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