ISM® Report On Business®
The ISM® Report On Business® continues to be consistent and accurate in indicating the direction of the overall economy, in addition to the manufacturing and services sectors. The reports are available on the first and third business day of each month. ISM's Hospital (PMI®) will be available on the fifth business day of each month.
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July 2025 Manufacturing ISM® Report On Business®
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Upcoming Education
August
06-07
2025
VIRTUAL CLASS
Procurement Bootcamp

Procurement Bootcamp
Procurement is an organizational function that covers a multitude of business functions. This includes specification development, value analysis, supplier market research, negotiation, buying activities, contract administration and inventory management. This course will provide a holistic approach to managing your supply chain and drive strategic value to impact both bottom-line costs and top-line revenues.
August
06
2025
MEMBER WEBINAR
Member Only
Beyond Volatility: Identifying and Reversing Unjustified Price Hikes

Beyond Volatility: Identifying and Reversing Unjustified Price Hikes
Price volatility is a reality. Global events can drive costs up overnight — but what happens when conditions stabilize? Too often, elevated prices remain, inflation takes hold, and buyers are unaware that the original cost drivers have subsided, leaving potential savings on the table.
How can you push back on price increases if you don’t understand what caused them in the first place?
Join Daniela Osio, CEO and Co-Founder of Kloopify, for an insightful discussion on how understanding the details of what you’re buying equips you to manage volatility, challenge outdated price hikes, and use data-driven insights to unlock meaningful cost savings for your organization.
August
07
2025
SPONSOR WEBINAR
5 Reasons ChatGPT Falls Short for Contract Review: And What to Look for Instead

5 Reasons ChatGPT Falls Short for Contract Review: And What to Look for Instead
As GenAI tools become more accessible, legal, procurement, & supply chain teams face a growing challenge: cutting through the hype to identify what truly delivers. In high-stakes, high-volume contract environments, not all AI-powered redlining tools are created equal. Choosing the wrong solution can introduce risk, inconsistency, & operational slowdowns.
Inconsistent reviews aren’t just a nuisance; they’re a liability. Whether working with NDAs, MSAs, or complex vendor agreements, a single missed clause or off-brand edit can lead to costly legal & operational consequences. For those focused on efficiency and third-party risk mitigation, scalable & repeatable AI-assisted reviews are essential—not optional.
Learning Objectives:
- Why general-purpose AI struggles with contract consistency, traceability, and risk management.
- How to evaluate the 3 core factors that impact an AI redline tool’s reliability.
- The 5 essential quality attributes that define trustworthy, negotiation-ready output.
- What questions to ask vendors to protect your team from inconsistent results and hidden risk.
- How to align redline AI capabilities with your contracting volume, review processes, and strategic goals.
Supply Management News & Reports
Mastering Market Movements: Shifting from Reactive to Proactive Chemical Sourcing
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Report On Business® Roundup: July Manufacturing PMI®
August 01, 2025Articles -
Trade Deals and a Potential U.S. Tariff ‘For the Rest of the World’
July 29, 2025Articles -
How Tariffs Are Impacting A Chinese Factory
July 29, 2025Articles
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