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Tuesday, March 1, 2005
   


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In this issue...
  • February Manufacturing ISM Report On Business®: PMI at 55.3%. Read more.
  • ISM Web Seminar: The Sarbanes-Oxley Act: Best Practices in Supply Management Process Controls. Read more.
  • Discount Deadline is Fast Approaching. Read more.
  • Capital Spending Survey. Read more.
  • Supply Management Month. Read more.
  • Web Site of Interest. Read more.
  • Term of the Day. Read more.
  • Supply Strategy Simulation Game Debuts to Rave Reviews. Read more.
  • There's Still Time To Register. Read more.
  • Spring Conference for the Hospitality Supply Chain. Read more.
  • Subscriptions are FREE to Just in ETime! Read more.
  • Contact Us. Read more.

February Manufacturing ISM Report On Business®: PMI at 55.3%

Economic activity in the manufacturing sector grew in February for the 21st consecutive month, while the overall economy grew for the 40th 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, C.P.M., chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. "February was another good month in the manufacturing sector. While the overall rate of growth is slowing, the overall picture is improving as price increases and shortages are becoming less of a problem. Exports and imports remain strong. The recent trend of inventory growth reversed direction during February; this reduces possible concerns about involuntary inventory build. Customers' inventories declined slightly, reinforcing the probability that inventories are not yet a concern."

To read the entire report click here.

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ISM Web Seminar: The Sarbanes-Oxley Act: Best Practices in Supply Management Process Controls

Join ISM on Tuesday, March 29th for this one-hour Web seminar. Discover why leaders are adopting these requirements as a best practice to improve efficiencies as a strategic competitive advantage. Get the facts about compliance with SOX Section 404 and a host of other related legislation that can impact your organization. We will demonstrate the value of standardizing your business processes and explore potential dangers. This session is presented by Dr. Anthony Tarantino, chief compliance strategist at Logical Apps, who has over 20 years of industry and consulting experience in supply management.

Registration fees are $99 per individual or $179 for two or more attendees per connection. The session begins at 10:00 a.m. Pacific / 1:00 p.m. Eastern.

To register click here.

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Discount Deadline is Fast Approaching

March 3, 2005 is the first deadline for the best pricing for ISM's 90th Annual International Supply Management Conference and Educational Exhibit, May 8-11, 2005 in San Antonio. Make sure your registration and payment is postmarked by March 3, 2005 to ensure you receive the discount.

Register Now! click here.

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Capital Spending Survey

ISM is conducting a short survey on capital spending. To take the two-minute survey click here.

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Supply Management Month

It's that time of year again to celebrate YOU — the supply management professional. As most of you are aware, March is Supply Management Month, and the Institute for Supply Management™ will be participating in the 2005 Supply Management Month campaign and encourages you to do the same. Supply Management Month provides an opportunity to gain awareness and recognition for the supply management profession. This year's theme is Supply Management: Maximizing Opportunities, Managing Risk.

For more information click here.

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Web Site of Interest

Today's Web site of interest is: RFID.ORG (sponsored by AIM Global).

This Web site offers information on RFID (Radio Frequency Identification) such as articles, case studies, white papers, frequently asked questions (FAQs), a presentation, and a free monthly newsletter (including a link to view back issues of the newsletter).

To access this Web site click here.

Please note: This external Internet address contains information created, published, maintained, or otherwise posted by institutions or organizations independent of ISM. Links from this Web site, or any other Web site(s) accessible from this Web site, to any product, entity, service, or information, do not constitute a recommendation by ISM. ISM is not responsible for the contents of any other Web site.

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Term of the Day

Today's ISM Term of the Day is: Distribution Requirements Planning (DRP).

Definition: Supply chain management term for the time-based demand from the distribution center to balance the customer fill rate against inventory investment.

A different Term of the Day is posted on the ISM Home Page (www.ism.ws) each day -- 7 days a week. The Term of the Day is taken from the Glossary of Key Supply Management Terms.

ISM members can access the online Members Only Glossary of Key Supply Management Terms 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 Glossary click here.

If you are not a member but would like membership information click here.

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Supply Strategy Simulation Game Debuts to Rave Reviews

ISM's 38th Annual Supply Management Program, March 7-11, 2005 in Tempe, Arizona includes a chance to immediately apply what you are learning during a hands-on strategy simulation. ISM used this simulation during a recent training session with the Phelps Dodge Corporation and the consensus is it brings relevance and clarity to the topics being discussed. Participants from Phelps Dodge Corporation gave the exercise rave reviews. The simulation coupled with other exciting sessions promise valuable insights and takeaway tools during the Supply Management Program.

Registration is still open for this program. To register click here.

This program is a "must" for supply management professionals.

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There's Still Time To Register

Join your distinguished colleagues from academia, research and business during the 16th Annual North American Research and Teaching Symposium on Purchasing and Supply Chain Management, March 17-19, 2005, Embassy Suites Hotel Tempe/Arizona State University, Tempe, Arizona. Explore current research findings, ongoing research, emerging trends, research methodologies and business research needs. This is a chance to discuss a mix of topics, processes, innovative pedagogy, instructional techniques and classroom materials.

To register click here.

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Spring Conference for the Hospitality Supply Chain

Hospitality Supply Management, an ISM Forum, presents the Spring Conference for Hospitality Supply Chain Management, May 18-20, 2005, The Palmer House Hilton, Chicago, IL.

All sessions focus on supply management in the hospitality industry. Look for market updates and the economic outlook, cost analysis for disposables and soft drink contracting as well as tips on negotiating and project management. As always, this program offers powerful take-away tools and exceptional networking opportunities. For a special treat, be sure to attend the luncheon with Chef Paul Prudhomme. Following a cooking demonstration by Chef Paul, experience flavors from around the world as you stroll from one station to the next on this journey of flavors. $299 ISM Members/$379 Nonmembers when you register by April 1, 2005.

For more information, or to register click here.

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Subscriptions are FREE to Just in ETime!

The Just in ETime e-mail newsletter delivers ISM- and purchasing/supply-related news and updates to subscribers' desktop every other week -- FREE! Breaking news, such as the ISM Report On Business®, information on upcoming seminars and programs, changes to certification rules/requirements, as well as Web sites of interest to supply/procurement professionals.

For your free subscription to the Just in ETime newsletter click here.

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Questions/Comments? Contact RaeAnn Slaybaugh.

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