ISM® Report On Business®

Leading the Industry with Reliable Economic Indicators

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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.

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Services PMI® at

50.3%

Supply Management News & Reports

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. 

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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.

See If Your Credentials Are Still Active

Upcoming Education

  • May-Jun

    15-16

    2023

    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
  • June

    07-08

    2023

    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.
  • June

    15

    2023

    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)

  • June

    19-30

    2023

    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

    Online
  • June

    20-21

    2023

    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

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

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