1996 Purchasing Today Article Index
Term selected: Economic and Forecast Issues
A valuable reference tool, the Article Index is a comprehensive list of articles that have appeared in Inside Supply Management® (formerly Purchasing Today® and NAPM Insights®) magazine. Articles are organized by subject for easy locating and study.
In the latest semiannual forecast, purchasers project revenue growth of +2.9% in 1996.
Purchasing executives forecast revenue growth of 4.8%
Economic growth will be slower in 1996, say the nation's purchasing executives in NAPM's 50th Semiannual Economic Forecast. Purchasers expect only a 4.8% increase in overall 1996 revenues, compared to a 7.4% increase reported for 1995 and down substantially from the 21.8% increase reported for 1994. Industries expecting the greatest improvement over 1995 are - listed in order - Leather, Electronic Components & Equipment, Food, Chemicals, Printing & Publishing, Rubber & Plastic Products, Primary Metals, Tobacco, Fabricated Metals, and Glass, Stone & Aggregate.
The PPI serves a multipurpose role by enhancing purchasing effectiveness and improving management's image of purchasing.
Armed with data, purchasing and supply managers can perform forecasts to help plan for their organizations' needs. The following list offers resources for gathering data on economics and forecasting. This list is not all-inclusive, but should serve as a starting point.
Should you forecast? If so, for what items?
In today's economic environment, the success of your company is linked toconditions in many other places, just as the price of a commodity fluctuates in response to world trade.