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January 2023 Services ISM® Report On Business®

Economic activity in the services sector grew in January after contracting in December following 30 consecutive months of growth, with the Services PMI^® registering 55.2 percent, say the nation's purchasing and supply executives in the latest Services ISM^® Report On Business^®.

Services PMI® at

55.2%

The Monthly Metric: Dock-to-Stock Cycle Time

January 30, 2023

Articles

What does it indicate, exactly? “It means that the company is running behind,” says Brian Barry, president at F. Curtis Barry & Company, a Richmond, Virginia-based warehouse operations and fulfillment consultancy. “The label is created so the customer sees activity, but it could be days before anything else happens. And most customers quickly see through that.”

Report On Business® Roundup: January Services PMI®

February 03, 2023

Articles
Among economic data released on Friday, the Services ISM® Report On Business® was not the biggest headline, but it served as a potent second punch in quelling recession fears and fueling debate on how the U.S. Federal Reserve should respond.
Report On Business® Roundup: January Manufacturing PMI®

February 01, 2023

Articles
The Manufacturing ISM® Report On Business® was released among a flurry of economic numbers on Wednesday morning and prior to a closely watched meeting of the U.S. Federal Reserve in the afternoon. The level of action in the PMI® data was appropriate for the busy day.
The Monthly Metric: Dock-to-Stock Cycle Time

January 30, 2023

Articles
Dock-to-stock cycle time is a gauge of warehouse efficiency. Poor performance can indicate inadequate technology or mismanagement of a facility’s dock space and personnel. And the consequences are often felt downstream, in inventory management and order fulfillment.

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Upcoming Education

Jan-Feb

23-24

2023

GUIDED LEARNING

Supply Management Core

Get prepared for the Supply Management Core 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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February

07-08

2023

VIRTUAL CLASS

Analytics for Supply Management 1: Fundamental Concepts & Techniques

Timely and accurate information is the lifeblood of procurement. This makes it crucial that you have the knowledge and skills to get the most out of business information. This course on business analytics will take your supply management activities to the next level. You will cover essential concepts and best practices in cost analysis, market analysis and opportunity analysis. Not only is this supply management workshop rich in information, it also includes valuable hands-on exercises to put your new knowledge into action.

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Ralph L Carlton, CPSM

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February

16

2023

WEBINAR

Women’s Supply Management Community Speed Networking

Join our Women’s Supply Management Community for a fun hour of virtual speed networking. Come get to know a handful of new people within our growing community. *ISM membership is not required to attend this meeting. All are welcome.

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February

22-23

2023

VIRTUAL CLASS

Fundamentals of Purchasing: The Building Blocks of World-Class Professionalism

Whether you are new to the profession or new in your role in supply management, start off on the right foot with this engaging course. This essential purchasing course will provide foundational knowledge of all aspects of supply management and gives you the tools to implement to be successful in the workplace. This supply management course starts with key procurement and supply chain concepts and moves onto supply chain issues that are relevant today. Throughout this two-day training, you’ll explore innovative techniques and effective tools to position yourself as a valuable asset to your organization and its supply management team. Gain the skills you need to effectively perform your role and prepare you for long-term success.

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Brandon Hummons, CPSM, CPSD

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March

02-31

2023

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.

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