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February 2024 Services ISM® Report On Business®

Economic activity in the services sector expanded in February for the 14th consecutive month as the Services PMI^® registered 52.6 percent, say the nation's purchasing and supply executives in the latest Services ISM^® Report On Business^®. The sector has grown in 44 of the last 45 months, with the lone contraction in December 2022.

Services PMI® at

52.6%

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.

Report On Business® Roundup: February Services PMI®

March 05, 2024

Articles
In spite of economic challenges and conditions that sometimes seem diametrically opposed, the Services PMI® data for February revealed a sector that has remained resilient, with a composite index reading of 52.6 percent in February.
Climate Change, Cat 6 Hurricanes and FEMA’s Funding Response

March 05, 2024

Articles
As global agencies add new levels to extreme heat and hurricane categories to meet rising climate risks, post-disaster government response rebuilds with sustainable infrastructure.
Report On Business® Roundup: February Manufacturing PMI®

March 01, 2024

Articles
For observers hopeful that the U.S. manufacturing sector might crawl out of its lengthy period of contraction, the composite PMI® reading of 47.8 percent was a disappointment, a 1.3-percentage point decrease compared to January’s reading.

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Upcoming Education

March

06-07

2024

VIRTUAL CLASS

Contracting for Supply Management

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.

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Jeffery K Sjurseth

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March

12-14

2024

VIRTUAL CLASS

Contracting: Beyond the Basics

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.

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Jerry Foxhoven

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Mar-Apr

18-19

2024

GUIDED LEARNING

Supply Management Integration

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.

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March

21

2024
WEBINAR

Women's Supply Management Community Committee Update
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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March

26-27

2024

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Category Management: Analyze the Data, Strategize your Plan, Deliver Big Results

Category managers assess demand for a product or service across the organization. The goal of category management is to find innovative ways to reduce cost and increase the competitiveness of the enterprise – not always an easy task. This supply management course will put you on the fast-track to using spend analysis and proven category management techniques to their full advantage. Leave equipped with new skills to excel in your role. During the two days, there will be ample time to participate in practical exercises utilizing new tools and methods to put to immediate use in your job.

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