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

 
Monday, November 5, 2012
   
In This Issue ...
  • October Non-Manufacturing ISM Report On Business®: NMI at 54.2% — Read more.
  • Latest JPMorgan Global PMI: Global Report on Manufacturing — Read more.
  • NEW — ISM's Reality Check Series: Inflation Comes Home — Read more.
  • Feature Article: The Journey Toward Sustainability Awareness — Read more.
  • ISM Web Seminars Archived Online — 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.


October Non-Manufacturing ISM Report On Business®: NMI at 54.2%

Economic activity in the non-manufacturing sector grew in October for the 34th 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. "The NMI™ registered 54.2 percent in October, 0.9 percentage point lower than the 55.1 percent registered in September. This indicates continued growth this month at a slightly slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 55.4 percent, which is 4.5 percentage points lower than the 59.9 percent reported in September, reflecting growth for the 39th consecutive month. The New Orders Index decreased by 2.9 percentage points to 54.8 percent. The Employment Index increased by 3.8 percentage points to 54.9 percent, indicating growth in employment for the third consecutive month. The Prices Index decreased 2.5 percentage points to 65.6 percent, indicating prices increased at a slower rate in October when compared to September. According to the NMI™, 13 non-manufacturing industries reported growth in October. The majority of the respondents' comments reflect a positive but guarded outlook on business conditions and the economy."

Read the entire Non-Manufacturing ISM Report On Business® release.

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Latest JPMorgan Global PMI: Global Report on Manufacturing

Global Manufacturing Contracts for Fifth Consecutive Month

The downturn in the global manufacturing sector moderated in October. The JPMorgan Global Manufacturing PMI™ — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — rose for the second month running to reach 49.2, its highest reading during the current five-month period of contraction.

The sector continued to report declining volumes of production and new orders, although rates of contraction were slower than in the previous month.

Read the complete JPMorgan release.

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NEW — ISM's Reality Check Series: Inflation Comes Home

ISM's Reality Check Series
November 5, 2012
11:00 a.m. EST/8:00 a.m. PST
This is a ten minute discussion. Hosted by ISM, featuring industry insiders and supply chain professionals.
Price: Complimentary

Inflation Comes Home
Just when you thought inflation was something not to worry about. It's baacckkk…

Join us Monday, November 5, 2012, 11:00 a.m. EST/8:00 a.m. PST, as we present the ISM's Reality Check Series. Our focus is inflation and how it is quietly re-entering the mix. It's not in the headlines yet but some industries are experiencing inflation in both the direct and indirect spend. We'll hear from the home building industry as they describe the current state of price increases and alignment as well as labor shortages. Listen in and gather intelligence to apply in your organization.

Moderator: Terri Tracey, Terri Tracey, CAE, Vice President, Technology and Publications
Editor-in-Chief, Inside Supply Management®

Panelists:

  • Bill Michels, CPSM, President, ADR North America
  • Industry Expert: Chuck Chippero, Senior Vice President, Pulte Homes
  • Industry Expert: Brian Radley, VP of Purchasing, The Olson Co.

Fee: This is a complimentary program sponsored by ISM.

Register here. Join us live or listen to the archive at your convenience.

Look for a new program on the third business day of each month. Practitioners offer their observations and experiences on emerging trends. Make your supply chain proactive with these insights.

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Feature Article: The Journey Toward Sustainability Awareness

Fundamentally, sustainability is the practice of balancing environmental, economic and social issues such that society progresses while conserving resources, protecting the environment and ensuring an acceptable quality of life — all in a manner that makes economic sense. Sustainability is an approach that works not only for now, but also for the future.

The important takeaway from this definition of sustainability is that it's a balancing effort. And, the most sustainable option isn't always the greenest, cheapest or most comfortable.

This balancing characteristic is why sustainability has such promise for the future. It incorporates and integrates these pillars in a way that's practical, yet valid for all.

At our organization, Veolia Water North America (VWNA), sustainability is a core value. We're committed not only to being as sustainable as possible ourselves, but also to helping our customers be sustainable.

Read this eSide Supply Management article in its entirety.

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ISM Web Seminars Archived Online

ISM presents numerous web-based seminars throughout the year. Join us to learn about new trends that affect your role in supply management. Participate from any location — all you need is a computer with an Internet connection, speakers and/or headphones.

The following web-based seminars are archived online, now:

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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, click "create an account" in the upper right-hand corner of the ISM Home Page.

  • If you do have an account, enter your username and password in the upper right-hand corner of the ISM Home Page.

  • Under the "Membership" tab, select the "My Account."

  • Select "Manage Newsletters."

  • Finally, select Just in ETime from the list of available newsletters and click the "Update Subscription" button at the bottom of the page.

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

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Term of the Day

Today's ISM Term of the Day is: HAZARDOUS ANALYSIS AND CRITICAL CONTROL POINT.

Definition: A system of controls for identifying and preventing hazards that could result in food-borne illnesses. The U.S. Department of Agriculture and the U.S. Food and Drug Administration establish HAACP regulations in the United States, and the international food standard-setting organization, Codex Alimentarius Commission, has adopted HACCP as the international standard for food safety.

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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Contact Us

Questions/Comments? Contact RaeAnn Slaybaugh.

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