ISM® Report On Business®

Leading the Industry with Reliable Economic Indicators

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February 2024 Manufacturing ISM® Report On Business®

Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status (a PMI® reading of 50 percent) and 28 months of growth prior to that, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

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Manufacturing PMI® at

47.8%

Supply Management News & Reports

Waiting for Demand to Land

January 11, 2024
Articles

Inflation is cooling and a recession could be avoided, but motivated consumers are critical to continued U.S. economic growth.

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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.

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Upcoming Education

  • Feb-Mar

    29-27

    2024

    GUIDED LEARNING

    Sourcing in a Modern World

    Eliminate bottlenecks and master strategic sourcing with this ISM guided learning online course. The demands placed on today’s purchasing managers and buyers require more advanced skills, knowledge and expertise than in years past. Strategic sourcing is essential to the procurement process and will help practitioners continuously improve and re-evaluate the company’s purchasing activities and the requirements of its stakeholders. Led by an ISM subject matter expert, this course covers sourcing in the modern world through weekly webinars and daily online training modules that consist of multimedia, knowledge checks and practical application activities. This course provides additional access for 60 days from the last day of class.

    Online
  • March

    06-07

    2024

    Contracts guide key aspects of business strategies and relationships. Many organizations spend a considerable amount of time and resources writing, reviewing, and managing contracts. Having deeper knowledge of terms and conditions will protect your organization from legal risk. This course will build and expand your contracting knowledge to ensure positive outcomes for your organization.

    Online
    Jeffery K Sjurseth
  • March

    12-14

    2024

    Many supply chain professionals learn the basics of contracting on the job. However, to advance in your profession, you’ll need to develop more sophisticated contracting skills. This supply chain management course will provide you with advanced contracting know-how to progress in your career and take on new challenges. In this “beyond the basics” contracting course, you’ll build upon your existing contract knowledge and take it a step further by focusing on how to construct effective customized agreements. For hands-on practice, you’ll review numerous contract clauses and their uses in various situations, including services, software, construction and e-commerce. This course will also address contracts from a global perspective to prepare you with global contracting skills, an in-demand skill set. To ensure this course is applicable to your specific role, you're invited to have copies of your contracts for reference during the program.

    Online
    Jerry Foxhoven
  • Mar-Apr

    18-19

    2024

    Get prepared for the Supply Management Integration 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
  • March

    21

    2024

    For the Women’s Supply Management Community, this meeting will be an opportunity for our four 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 update.

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

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