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May 2023 Services ISM® Report On Business®

Economic activity in the services sector expanded in May for the fifth consecutive month as the Services PMI^® registered 50.3 percent, say the nation's purchasing and supply executives in the latest Services ISM^® Report On Business^®. The sector has grown in 35 of the last 36 months, with the lone contraction in December of last year.

Services PMI® at

50.3%

The Changing Hospital Procurement Prognosis

May 08, 2023

Articles

Product and labor shortages still abound — and cost is still paramount — but health-care systems are realizing the value and opportunities their supply chains can bring in other ways.

Report On Business® Roundup: May Services PMI®

June 05, 2023

Articles
The reaction from investors was hardly muted as they pondered the lower-then-expected composite index reading of 50.3 percent, the immediate impact on the U.S. dollar and Treasury yields, and how the U.S. Federal Reserve might respond when it meets next week.
Sustainability Helps Power Schneider Electric to Top of Gartner Rankings

June 05, 2023

Articles
The supply chain successes of Schneider Electric, the French multinational digital automation and energy management provider, have proven worth studying: For the first time, the company claimed the top spot in the Global Supply Chain Top 25 rankings by Gartner.
Report On Business® Roundup: May Manufacturing PMI®

June 01, 2023

Articles
In the U.S. manufacturing economy, the music has been slowing for some time — and the only way for the pace to quicken again to is for the participants to start dancing first. The ISM® Report On Business® data for May indicated how potentially arduous the waltz between buyers and sellers will be.

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Upcoming Education

May-Jun

15-16

2023

GUIDED LEARNING

Leadership and Transformation in Supply Management

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

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June

07-08

2023

VIRTUAL CLASS

Construction Law Contracting

It’s a given that contracts will be part of any construction project. If you have responsibility for this area, this contracting training will provide you with very specific information to help you succeed in this function. This supply management course will focus exclusively on the legal environment and aspects of contracting for construction projects. You’ll have two full days to dive into contract formation, performance, remedies and agency relationships – all reviewed in the context of construction projects. Be sure to have copies of your contracts for reference during the program, so you leave with practical application and experience relevant to your organization. This is a must-attend workshop.

Online

William D Agee JR, C.P.M.

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June

15

2023
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 this meeting. 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)
Online

Register Now Group Registration
June

19-30

2023

GUIDED LEARNING

CPSM Instructor Qualification Workshop

This course has been designed for Certified Professional in Supply Management^® (CPSM^®) designation holders who would like to assist others as they prepare for their CPSM exams. This course will cover best practices in the educational and association fields, including ISM's vision for the CPSM, adult learning theory, ADDIE Model, Engaging and motivating learners, updates to exam specifications and candidate courseware. Upon completion, instructors are granted a qualification status demonstrating they have made the commitment of excellence. Eligible instructors must have a current CPSM certification. Instructors will also receive the CPSM 2018 Instructor Courseware to deliver their own workshops. This course is worth 10 CEH's.

This is a two week online course with 3 live webinars. If you are not to attend live they are also available ON-Demand after the live event.

Monday- June 19th, 2023 from 2:00-3:00 PM EST

Friday- June 23rd, 2023 from 2:00-3:00 PM EST

Friday- June 30th, 2023 from 2:00-3:00 PM EST

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June

20-21

2023

VIRTUAL CLASS

Performance Based Statements of Work (SOW)

Are you ready to maximize your supplier performance and supply management negotiation skills? This supply management course will provide you with new knowledge on how to develop effective performance-based statements of work (SOW) to improve your performance with suppliers. Get strategic and practical insight into SOW that aren’t just theoretical but will result in more successful contracts. During the two-day intensive supply management training, you’ll explore specific tools and techniques and examine common mistakes – and, most importantly, learn how to avoid them. You will gain hands-on experience using actual case studies and Q&A sessions. If your organization seeks to maximize supplier performance and it is one of your functional responsibilities, you won’t want to miss this practical and applicable course.

Online

David E Malone, CPSM

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