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Monday, May 2, 2005
   


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In this issue...

April Manufacturing ISM Report On Business®: PMI at 53.3%

Economic activity in the manufacturing sector grew in April for the 23rd consecutive month, while the overall economy grew for the 42nd 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. "In April, the manufacturing sector grew for the 23rd consecutive month based on the ISM data. This represents the longest period of growth in the last 16 years. However, the rate of growth slowed to its lowest level since July 2003. The trend is definitely toward a slower pace of growth, and that should relieve some of the pricing pressure that the sector has experienced during 2004 and year to date in 2005. Declines in Inventories indicate that manufacturers are adjusting to slower growth in new orders."

To read the entire report click here.

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One-Day Program Packs A Punch

The Power of the Services Supply Chain: Strategies and Integration, June 2, 2005 at St. John's University on the Manhattan Campus, New York, NY. Minimize your time away from the office by attending this one-day event. Maximize your educational value by participating in every session. Sessions include:

  • Consume in Moderation: Strategies to Contain the Cost of Professional Services
  • Optimizing an Integrated On-Demand Supply Chain for Services
  • Gearing Up to Lower the Services Spend
  • Attacking Nontraditional Spend: How Tyco Is Sourcing Services

For more information or to register online, visit: click here.

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ISM's Semiannual Economic Forecast

The 69th Semiannual Economic Forecast will be released at 11:00 a.m. EDT, on Tuesday, May 10, 2005, during the Business Survey/Economic Outlook Presentation at ISM's 90th Annual International Supply Management Conference.

The projections are part of the forecast issued by ISM's Business Survey Committee. The forecast will be presented by Norbert J. Ore, C.P.M., chair of the ISM Manufacturing Business Survey Committee and group director, strategic sourcing and procurement, Georgia-Pacific Corporation; and by Ralph G. Kauffman, Ph.D., C.P.M., chair of the ISM Non-Manufacturing Business Survey Committee and coordinator of the purchasing and supply management program at the University of Houston-Downtown.

Just in ETime subscribers will receive a special edition newsletter when the 69th Semiannual Economic Forecast is released to the public on May 10, 2005.

For more information about the Economic Outlook Presentation at this year's Conference click here.

To view past Economic Forecasts released by the Business Survey Committee click here.

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Free Web Seminar

Controlling Meeting Costs - Procurement Strategies and Tactics, Thursday, May 12, 2005 - 11:00 a.m. Pacific / 2:00 p.m. Eastern. Attend this complimentary Web seminar and learn how to get the most out of your meeting dollars. Apply supply management strategies to your meeting spend and reap the rewards of cost savings, convenience and flexibility. Don't let this billion dollar industry remain a mystery—let industry experts shed light on the nuances of meeting planning and find how you can make an impact that saves your organization time, resources and money.

For more information or to register click here.

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What Should I Do to Prepare for the C.P.M. Exam?

Those interested in taking the exam have a common question, "What should I do to prepare for the exam?" So, ISM asked Dr. Michael A. McGinnis, C.P.M., A.P.P., to prepare some scenarios based on individuals who have tested. He interviewed six individuals representing a wide cross section of those who hold the C.P.M. They included men and women, vary widely in age, work in a variety of sectors, are at different levels in their organizations, live throughout the United States, have varied educational backgrounds, and come from different walks of life. Some were actively encouraged to seek certification by their employers and others were self-motivated. Some passed all four modules the first time and others persevered until they achieved their goal.

One thing that stands out in these scenarios is that there are a lot of different approaches for preparing for C.P.M. (and A.P.P.) certification. No one approach is best. No one approach is worst. Each of these individuals followed a strategy that worked for them.

To read the scenarios click here.

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Spring Conference for the Hospitality Supply Chain

There's still time to register. 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. A special part of this program is that C.P.M. and CFPM testing is offered May 18, 2005, 12:00 p.m. - 4:00 p.m. If you are a supply manager in the hospitality industry and you are pursuing your Certification, then this is the place for you. Take up to two modules on Wednesday and then kick-back and attend the Spring Conference as a reward for your diligence. An added bonus is a luncheon with Chef Paul Prudhomme. Following a cooking demonstration by Chef Paul, experience flavors from around the world as you stroll from station to station through this journey of flavors. $349 ISM Members/$429.

For more information or to register click here.

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Web Site of Interest

Today's Web site of interest is: ResumeTutor!

Offers an interactive workbook with free résumé-writing tips and advice. It does not assemble an online résumé for you, but you can enter your own information for suggestions on formatting, etc.

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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Supply Chain = Value Chain: Driving Results

Supply Chain = Value Chain: Driving Results, a one-day program sponsored by ISM Materials Management Group and ISM Logistics & Transportation Group, July 28, 2005, Rio All-Suite Hotel and Casino, Las Vegas, NV.

  • New Strategies for Transportation Management
  • Warehouse Operations and Inventory Management: A Supply Management Interface
  • Supply Chain and the Balance Sheet
  • Speed and Cash ... What's Your Role?

Materials management, logistics, transportation and finance are major keystones to successful supply management. Make sure all areas are working in tandem and gain a holistic view of the supply chain. This one-day educational experience is packed with strategies, processes and trends to help you and your organization thrive. $495 ISM Members/$695 Nonmember.

For more information or to register click here.

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Term of the Day

Today's ISM Term of the Day is: INDIRECT MATERIALS BUDGET.

Definition: The budget for materials (also referred to as maintenance, repair, and operating supplies/MRO) that do not become part of finished goods.

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.

Help us update this Glossary! If you don't find the term or definition that you are looking for let us know. We will be updating the ISM Glossary in the coming months, and your input will be useful for the new edition. To contact us regarding the Glossary, e-mail: surveys@ism.ws

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Just in ETime Subscriptions are FREE

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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