ISM® Report On Business®

Leading the Industry with Reliable Economic Indicators

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October 2024 Hospital ISM® Report On Business®

Economic activity in the hospital subsector grew in October for the 14th consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, say the nation's hospital supply executives in the latest Hospital ISM® Report On Business®.

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Hospital PMI® at

51.9%

Supply Management News & Reports

Extreme Makeover: Supply Chain Edition

November 12, 2024
Articles

From the environmental scan to securing stakeholder buy-in to measuring progress, building procurement operations from scratch is an exhaustive process that never ends.

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  • There’s More to Cost than Cutting

    November 12, 2024
    Articles
    Member Only
    Its role as a supply chain driver has changed, joining factors like aligning to business imperatives, meeting customers’ needs and enhancing supplier relationships as ways to spur growth.
  • Ensuring the Price Is Right

    November 12, 2024
    Articles
    Member Only
    A game show, it isn’t — but procurement’s role in getting value can be more successful by tapping technology and using four approaches to discovery.
  • Power Play

    November 12, 2024
    Articles
    Member Only
    Rich in natural resources and in a reshoring faceoff, Canada looks to smoothen labor issues and better leverage its supply chain assets — including a potentially game-changing commodity.

Being certified by ISM, whether it's a CPSM®, CPSD® or APSM®, 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

  • November

    14

    2024

    For the Women’s Supply Management Community, this meeting will be an opportunity for our three Committees to report out and discuss progress based on the community’s goals. If you’re affiliated with the women’s community, interested in getting involved or want to learn more, please join us for this interactive session.  **** ISM membership is not required to attend – all are welcome.

     

    The following Committees will come together for this quarterly update.

     

      • Recruitment and Rebranding Supply Management
      • Mentorship Program
      • Addressing Women’s Challenges (Including Unconscious Bias)

  • Nov-Dec

    14-16

    2024

    The events of 2020 have demonstrated why it is important for supply management to have strategies to manage both everyday and exceptional risks. To optimize business results, risk must be systematically identified, analyzed and assessed through the global supply chain in terms of impact and probability and supply management must generate options to reduce or mitigate the perceived risks. Led by an ISM subject matter expert, this course covers risk management through weekly webinars and daily, self-paced training modules that consist of online reading, multimedia, knowledge checks and practical application activities. Join us for this Guided Learning to expand your knowledge of risk management so you can identify, analyze and assess risk in the global supply chain.

    Online
    Ralph L Carlton, II, CPSM
  • November

    21

    2024

    MEMBER WEBINAR
    Member Only

    ISM Member Community Speed Networking

    Are you ready to expand your network and make meaningful connections? Our virtual speed networking event is the perfect opportunity to meet new people within our growing membership community. In just one hour, you'll have the chance to engage in dynamic, one-on-one conversations with fellow members, exchange ideas, and build valuable relationships. Whether you're looking to collaborate, share insights, or simply make new friends, this is your networking power hour!

    Don't miss out on this fun and interactive experience. Come prepared to connect, converse, and create lasting connections.

    Online
  • December

    03

    2024

    VIRTUAL CLASS

    Financial Analysis

    Analyzing financial data, using benchmarking metrics and supply data to understand a supplier’s financial situation and market position, help ensure your organization can develop and execute an appropriate supplier engagement strategy. Learn how to analyze supplier financial health to protect your organization.

    Online
    Collins Ifenyichukwu Oluka, CPSM
  • December

    10

    2024

    We all think we know what bad data looks like, but what is it and what are the consequences?

    I bet you never knew you needed a COAT for your data, but it will help protect you against all the dirty data that's around. Susan will share real-life examples of dirty data, and the consequences it has on the output, such as decision making, reporting, analytics, AI, and machine learning. She'll also share with you her COAT methodology to help prevent this, as well as learn how to make quick, accurate checks and changes to your own data in excel, regardless of your level of experience, and explain why data accuracy and maintenance is so important and implement best practices for this.

    Takeaways:

    • The importance of data accuracy
    • The consequences of dirty data
    • How to ensure data accuracy
    • Make sure your data has its COAT on
    • How to spot check your data

    Online

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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Meet peers, suppliers and thought leaders in your area.

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Looking to be a partner of ISM? Learn more about our global partner program.

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Sponsorship Opportunities

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

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Give back to the profession and connect with your community through various volunteer opportunities.

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