ISM® Report On Business®

Leading the Industry with Reliable Economic Indicators

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April 2024 Manufacturing ISM® Report On Business®

Economic activity in the manufacturing sector contracted in April after one month of expansion following 16 consecutive months of contraction, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

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Manufacturing PMI® at

49.2%

Supply Management News & Reports

Adapting to Meet Company Goals and Serve Customers

May 01, 2024
Articles

Why should the purchasing and supply management (PSM) function of an organization adapt and change its focus, processes and ways of operating?

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Being certified by ISM, whether it's a CPSM or CPSD, is one of the most important decisions you will make.

Those four letters after your name carry a lot of weight in the global supply management field because ISM certification has been respected as the foundational benchmark by the profession for nearly 40 years.

See If Your Credentials Are Still Active

Upcoming Education

  • May-Jun

    06-07

    2024

    Get prepared for the Leadership and Transformation in Supply Management exam with ISM's Guided Learning course. Designed with today's busy professional in mind, this comprehensive, self-paced course will provide a deep understanding of core supply management competencies and set you up for success on the exam.

    Online
    Kelly M Green, CPSM, CPSD
  • May

    08-09

    2024

    The objective of this course is to increase the knowledge, skills and abilities in supplier Cost Analysis and Supplier Financial Analysis. Cost analysis is a powerful tool for supply managers and can change the conversation with suppliers to open new opportunities for savings and value creation. Financial Analysis can also provide useful information that will lead to insights about whether your supplier is making too little or too much profit, whether they are generating cash or burning cash and if new risks may have arisen in recent reporting periods.

    Online
    Jeffery K Sjurseth
  • May

    14-15

    2024

    VIRTUAL CLASS

    Procurement Bootcamp

    Procurement is an organizational function that covers a multitude of business functions. This includes specification development, value analysis, supplier market research, negotiation, buying activities, contract administration and inventory management. This course will provide a holistic approach to managing your supply chain and drive strategic value to impact both bottom-line costs and top-line revenues. 

    Online
    David E Malone, CPSM
  • May

    16

    2024

    Procurement leaders are looking for ways to assess ESG practices of their suppliers to ensure alignment with the organization's values, sustainability goals, and long-term success. But, this is challenging with limited supply chain visibility and unreliable supplier data, while also wrestling with evolving ESG regulations and increasing demands from ESG-focused stakeholders.

    You need practical, proven, and actionable steps to quickly assess the risks and value creation opportunities hidden in your supply chain.

    In this session, Supplier.io will share examples of practical, proven, and actionable steps that procurement leaders can take to quickly assess ESG risks and value opportunities hidden in their supply chain. Join us to learn how to:

  • The value of sustainable procurement in driving company value
  • Strategies to better track Scope 3 greenhouse gas emissions
  • Possible supply chain ESG risks and how to identify them
  • Evolving ESG regulations that might impact you
  • Sponsored by Supplier io. ISM membership is not required to attend – all are welcome.
  • May-Jun

    16-17

    2024

    Supply management professionals are constantly encouraged by senior management to expand strategic cost management efforts. Strategic cost and price management is the process of relating meaningful information to a firm’s business strategy using value chain analysis, strategic positioning analysis and cost driver analysis. A range of tools and techniques can be used, including complexity reduction, greater standardization, tighter management of specifications and demand, compliance management, price benchmarking, should-cost analysis, and total cost of ownership analysis. You will learn strategies to improve profits through shaping both the bottom line and top line of your organization. You will have 60 days access after the last day of the course.

    Online
    Joseph P. Gallagher, CPSM, C.P.M., A.P.P.

Corporate Program

Increase the agility and broaden access to education, tools, research and more for your supply chain team. ISM offers programs for organizations to help provide a framework for continuous learning and access to valuable membership resources and products 24/7/365

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Joining the ISM community gets you access to education, tools, research, events as well as a network of peers who face and solve for some of the same challenges you encounter. Invest in your own professional agility.

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Help support a scholarship program or connect with supply management practitioners with your thought leadership.

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