ISM: Purchasing Indexes Rebound

Economic activity in the manufacturing sector expanded in March for the 10th consecutive month, and the overall economy grew for the 58th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management®(ISM®)…

Supply Chain Shakes Off Winter Fatigue

After a seemingly interminable winter, manufacturing indexes are finally shaking off the effects of a record cold snap in the U.S. The Institute for Supply Management’s PMI, a leading index of purchasing managers, inched up a bit in March to 53.7 percent. More importantly, the ISM production index, which fell dramatically since the beginning of…

Manufacturing Index Inches Up

Economic activity in the manufacturing sector expanded in February for the ninth consecutive month, and the overall economy grew for the 57th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management®(ISM®)…

Supply Chain Paralysis: Sometimes the Weather IS to Blame

If it seems like folks in the electronics and global supply chain have been talking about the weather a lot recently, it’s because they have. In the United States alone, record freezing temperatures – not just in regions where you’d expect to see them – in January have had a negative impact on manufacturing-health indices.…

ISM: Manufacturing Grows — A Bit More Slowly

 Although growth in the U.S. manufacturing sector in January wasn’t as robust as in prior periods, the nation’s leading index – the PMI — has expanded for the eighth consecutive month, according to the Institute of Supply Management.  The January PMI registered 51.3 percent, a decrease of 5.2 percentage points from December’s seasonally adjusted reading…

Procurement Set to Trim the Fat – Again

Hey buyers — Does anyone remember what your priorities were for 2013? Do the words “flexibility” and “resilience” ring a bell? Guess what? Your new top job is cutting costs. The Institute of Supply Management — which represents purchasing professionals across all major industries — surveyed about 500 of its members. The No. 1 concern among buyers isn’t…

ISM: Procurement Savings Miss the Mark

 When OEMs began implementing practices such as just-in-time (JIT) and build-to-order (BTO), analysts began to look at the supply chain as a possible profit center rather than a cost. Yet, a survey conducted by the Institute of Supply Management indicates that procurement – one of the key functions in the supply chain – remains primarily…

Manufacturers Expect to Add Jobs in 2014

Based on unemployment data from the U.S. government and a forecast from the Institute for Supply Management (ISM), the employment outlook for 2014 appears positive. But where are those jobs coming from?  Some of them will be in manufacturing, said Bradley J. Holcomb, chair of the ISM Manufacturing Business Survey Committee. “On the manufacturing side,…