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630-005 C.P.M. Module 1: Purchasing Process

Exam Specification:

- Exam Name: 630-005 C.P.M. Module 1: Purchasing Process
- Exam Code: 630-005
- Exam Duration: Varies (typically around 90-120 minutes)
- Exam Format: Multiple-choice questions

Course Outline:

1. Introduction to Purchasing
- Understanding the role and importance of purchasing in an organization
- Exploring the key objectives and responsibilities of the purchasing function
- Examining the impact of effective purchasing on organizational performance

2. Purchasing Process Overview
- Understanding the stages and components of the purchasing process
- Exploring the various steps involved in purchasing goods and services
- Identifying key considerations and best practices at each stage of the process

3. Sourcing and Supplier Selection
- Conducting supplier market research and analysis
- Developing supplier selection criteria and evaluating potential suppliers
- Managing the supplier selection process and negotiating contracts

4. Purchase Order Processing
- Creating and managing purchase orders
- Coordinating with internal stakeholders and suppliers for order fulfillment
- Tracking and managing purchase order status and delivery

5. Supplier Performance Management
- Monitoring and evaluating supplier performance
- Establishing supplier performance metrics and benchmarks
- Implementing strategies to improve supplier performance and relationships

6. Legal and Ethical Considerations
- Understanding legal and regulatory requirements in purchasing
- Ensuring compliance with ethical standards and codes of conduct
- Managing risks and mitigating legal and ethical issues in purchasing

Exam Objectives:

1. Demonstrate understanding of the role and importance of purchasing in an organization.
2. Describe the stages and components of the purchasing process.
3. Apply best practices for sourcing and supplier selection.
4. Demonstrate proficiency in creating and managing purchase orders.
5. Implement strategies for supplier performance management.
6. Understand legal and ethical considerations in purchasing.

Exam Syllabus:

The exam syllabus covers the following topics (but is not limited to):

- Introduction to Purchasing
- Purchasing Process Overview
- Sourcing and Supplier Selection
- Purchase Order Processing
- Supplier Performance Management
- Legal and Ethical Considerations
C.P.M. Module 1: Purchasing Process
ISM Purchasing availability

Other ISM exams

630-005 C.P.M. Module 1: Purchasing Process
630-006 C.P.M. Module 2: Supply Environment
630-007 C.P.M. Module 3: Value Enhancement Strategies
630-008 C.P.M. Module 4: Management
CPSM Certified Professional in Supply Management (CPSM)(Foundation)
CPSM1 Foundation of Supply Management

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ISM
630-005
C.P.M. Module 1: Purchasing Process
https://killexams.com/pass4sure/exam-detail/630-005
Answer: B
Question: 199
Which of the following would be used to resolve buyer/seller disputes related to
global shipping and packaging?
A. World Trade Organization (WTO)
B. General Agreement on Tariffs and Trade (GATT)
C. North American Free Trade Agreement (NAFTA)
D. Convention on Contracts for the Sale of Goods (CISG)
Answer: D
Question: 200
Which of the following is likely to obligate to a fiduc iary responsibility?
A. Power.
B. Negotiation.
C. Commitment.
D. Functional authority.
Answer: D
Question: 201
For which of the following is credit card purchases the MOST appropriate?
A. Periodic services.
B. Commodity items.
C. Low-dollar purchases.
D. Low-volume purchases.
Answer: C
Question: 202
Which of the following would generally NOT be accepted methods of payment for
goods acquired through international procurement?
A. C.O.D.
61
B. Letters of credit.
C. Payment after receipt and inspection.
D. Payment upon receipt of documented evidence of shipment.
Answer: A
Question: 203
has placed an orde r that called for delivery to be F.O.B. Shipping Point,
with Freight Allowed to Destination. On delivery the purchasing manager discovers
that the material was damaged in transit. What should the purchasing manager do?
A. File a claim with the transportation company for repair and replacement costs.
B. Notify the supplier and request that it file the claim and reship the material.
C. Have repairs made to the material and backcharge the supplier.
D. Refuse to accept the shipment and reorder the material.
Answer: A
Question: 204
Which of the following BEST defines the concept of "sharp" buying practices?
A. Negotiating with more than one supplier.
B. Developing a supplier alliance for strategic materials.
C. Misleading a supplier about the actual quantity that the buyer intends to purchase.
D. Reporting verified information about a supplier's financial problems to
management.
Answer: C
Question: 205
On which of the following do most state and local governments establish a supplier
base?
A. Bidders lists.
B. Pre-bid conferences.
C. Interactions between purchasing and the supplier.
D. Interactions between the using department and the supplier.
62
Answer: A
Question: 206
Which of the following is LEAST likely to result from a supplier dealing directly with
several user departments within ?
A. Confusion and uncertainty.
B. Lower total acquisition costs.
C. Bureaucratic problems for purchasing.
D. Increased supplier knowledge about the organization.
Answer: B
Question: 207
Which piece of legislation is designed to prevent monopolies by outlawing
discrimination in pricing due to conspiracies or combinations that act in restraint of
trade?
A. The Clayton Act.
B. The False Claims Act.
C. The Davis-Bacon Act.
D. The Robinson-Patman Act.
Answer: A
Question: 208
has won a grant from the federa l government to construct and operate a
standard weather observation station and equipment structure. On the basis of which
of the following would the construction contract for the weather observation station
and equipment structure be awarded?
A. Letter of intent.
B. Directors' decision.
C. Competitive sealed bid.
D. Competitive sealed proposal.
E. Student design and build competition.
Answer: C
63
Question: 209
You work as a buyer at . You have responsibility for the purchase of
capital equipment. You receive an emergency call from the plant manager, requesting
the purchase of a special generator that costs $100,000. The existing generator is old
and causing problems, and the repair company can no longer guarantee future repairs.
Normal leadtime for delivery of the special generator is 20 weeks. However, the plant
manager has requested delivery of the new generator within 30 days. Which of the
following should you do FIRST?
A. Insist that the plant manager submit a properly approved and funded requisition for
the new generator.
B. Determine the current cost of the new generator and additional costs related to
short-time-interval ordering, expediting, and premium transportation.
C. Contact the repair company to determine the extent of the existing generator's
problems before taking any action.
D. Quickly contact potential suppliers to determine availability of the new generator.
Answer: D
64
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ISM Purchasing availability - BingNews https://killexams.com/pass4sure/exam-detail/630-005 Search results ISM Purchasing availability - BingNews https://killexams.com/pass4sure/exam-detail/630-005 https://killexams.com/exam_list/ISM U.S. ISM Manufacturing Purchasing Managers Index (PMI) The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers Inventories, Employment, and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction and the diffusion index. Responses are raw data and are never changed.

The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are supplied by the U.S. Department of Commerce and are subject annually to relatively minor changes when conditions warrant them.

The PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders --30% Production --25% Employment --20% Supplier Deliveries --15% and Inventories -- 10%.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

Thu, 30 Nov 2023 20:00:00 -0600 en text/html https://www.investing.com/economic-calendar/ism-manufacturing-pmi-173/
ISM Services Index Slumps to 3-Year Low, Adding to Manufacturing and Trade Gloom No result found, try new keyword!Activity in the U.S. services sector, by far the largest component of the world's biggest economy, slowed notably in September, the ISM Purchasing Managers survey indicated Thursday, falling to ... Thu, 03 Oct 2019 02:24:00 -0500 text/html https://www.thestreet.com/markets/rates-and-bonds/ism-services-index-slumps-to-3-year-low-adding-to-manufacturing-and-trade-gloom-15113949 ISM Report: Manufacturing Continues to Contract in November

Manufacturing economic activity contracted for the 13th consecutive month in November, according to the Institute for Supply Management’s November 2023 manufacturing sector report. The Purchasing Manager’s Index registered 46.7%, unchanged from the previous month; this reading also indicates a contraction of the overall economy.

“All of the five subindexes that directly factor into the Manufacturing PMI are in contraction territory, up from four in October,” says Timothy Fiore, chair of the ISM’s manufacturing business survey committee.

The production index entered contraction territory, registering 1.9 points lower than October’s 50.4% reading. Anything lower than 50% represents contraction. The employment index also fell, registering 45.8% compared to the 46.8% figure from the previous month. Although remaining in contraction territory, the new orders index saw a 2.8-point increase with a reading of 48.3%.

Three industries out of 17 reported growth in November: food, beverage & tobacco products; nonmetallic mineral products; and transportation equipment.

In the comments of the survey, several respondents note the desire to reduce high inventory levels, some of which were caused by the auto strike. “Automotive sales still impacted by UAW strike. Still waiting for orders to come in, and we also need to work down inventory levels that increased during the strike period. This will most likely happen in December,” notes a respondent in the fabricated metal products industry.

Mon, 04 Dec 2023 03:18:00 -0600 text/html https://www.industryweek.com/the-economy/data-and-statistics/article/21278470/ism-report-manufacturing-continues-to-contract-in-november
ISM Services PMI rises slightly in November, more than expected
Group of business persons talking in the office.

VioletaStoimenova

November ISM Services PMI advanced to 52.7, vs. 52.0 consensus, from 51.8 in October, signaling economic activity in the services sector saw a faster rate of expansion during the month.

"The services sector had a slight uptick in growth in

Tue, 05 Dec 2023 01:02:00 -0600 en text/html https://seekingalpha.com/news/4043459-ism-services-pmi-rises-in-november-more-than-expected
U.S. services sector picks up a bit in November, ISM survey finds

The numbers: An ISM barometer of business conditions at service companies such as restaurants and hotels rebounded to 52.7% in November from a five-month low of 51.8% in the prior month. 

Economists polled by the Wall Street Journal had expected the index to rise to 52.4%.

Numbers over 50% indicate expansion in the economy. The index has been above 50 for 11 straight months.

Key details: Fifteen industries reported growth in November while three industries reported a decrease in activity.

New orders in the service sector were 55.5% in November, unchanged from the prior month.

Prices paid by services industry for inputs fell only slightly to a still-strong 58.3% in November from 58.6 in the prior month.

The ISM service employment index rose to 50.7 from 50.2 in the prior month.

A separate report from S&P Global reported that the service sector PMI rose to 50.8 in November from 50.6 in the prior month. This matched the “flash” November reading.

What the ISM said: The buildup for the holiday season is not as robust as sometimes in the past but better than last year, said Anthony Nieves, head of the ISM services survey committee.

Respondent in the transportation and warehousing said there was “solid activity heading into the final stretch of the fourth quarter.”

What are they saying? “Employment growth in the U.S. economy has slowed consistently over the past year, but remains solid. The ongoing need to hire workers across U.S. service industries is one factor that will keep the Fed’s monetary policy in ‘higher for longer’ mode,” said Kurt Rankin, senior economist at PNC Financial Services.

Market reaction: Stocks DJIA SPX opened lower on Tuesday while the 10-year Treasury yield BX:TMUBMUSD10Y was down to 4.20% in early morning trading.

Tue, 05 Dec 2023 01:32:00 -0600 en-US text/html https://www.marketwatch.com/story/u-s-services-sector-expands-in-october-for-11th-straight-month-ism-survey-be37c62e
Key Inflation Figures From The Institute For Supply Management (ISM) That Investors Need To See

Key takeaways

  • The ISM Manufacturing Index is a leading indicator that shows the health of the manufacturing industry.
  • Current signs are pointing to inflation beginning to ease slowly.
  • Investors should pay attention to key economic indicators to gauge inflation, future interest rates, and adjust their portfolios accordingly.

Many investors know about reports that help the Federal Reserve shape interest rates. The most prominent is the U.S. Consumer Price Index (CPI), but not many investors know there are additional reports available. These reports don't get much news coverage, but they are just as important.

The ISM Manufacturing Index is one such report. It offers a wealth of knowledge when it comes to the health of the manufacturing industry in the U.S. Let’s explore who generates this report, as well as the data it contains and what that signifies for inflation and the economy at large.

What is the Institute for Supply Management?

The Institute for Supply Management is the world's largest non-profit professional supply management organization. It was founded in 1915 and certifies, educates, and develops leaders for the supply chain industry. It also surveys purchasing managers and releases the ISM Manufacturing Index.

What is the ISM Manufacturing Index?

The ISM Manufacturing Index is a leading economic indicator for the level of economic activity in the manufacturing sector in the United States. This means the results of this report indicate or predict what will happen in the economy in the future.

The stock market is another leading economic indicator. The market can rally if investors expect positive economic times ahead. On the other hand, it can sink into a bear market if they expect the economy to sour in the near term.

There are also lagging indicators, which reveal trends in hindsight. These are reports that come out after the boom or bust cycle of the economy has begun. For example, the National Bureau of Economic Research will formally state the U.S. economy is in a recession a few months after the economy enters the recession.

Overall, there are a handful of leading and lagging indicators that, when put together, give analysts a more complete picture of the economy's health.

Are we moving in the right direction?

The latest collection of data from the PMI from August 2022 are a mixed bag. On the positive front, the prices paid component of the ISM Manufacturing Index is moving sharply lower, which is a good sign. It points to a stronger balance between supply and demand, which benefits consumers by slowing the rise in prices.

During the inflationary spikes in the 1970s and 1980s, a downturn in prices paid was a leading indicator of lower inflation rates. If the same holds true today, we might see an easing on the inflation front in the coming months.

The negative side of the report’s findings is that factory growth remains slow and production has slowed. There is still a dark cloud looming over the outlook for the economy, and experts continue to debate whether the U.S. will end up in a recession. While the consumer continues to remain strong, businesses are being cautious.

Gas prices

Gas prices in the U.S. have dropped to an average of $3.677/gallon, a decline of more than 25% from their all-time high in mid-June; prices are at their lowest levels in six months. This is another good sign for both the consumer and the economy.

As it becomes more affordable to drive, people can travel more and have more money to spend on things other than gas. However, the question is whether the low prices will last. While the fall driving season brings a cheaper blend of gas to manufacture, there will colder weather to deal with soon enough.

Freight rates

Global container freight rates have hit a 16-month low, down 52% from their peak. This is still four times higher than pre-pandemic levels but moving in the right direction. For many months, demand outpaced supply as lockdowns and supply chain issues caused delays. Now that the supply of goods and demand for shipping them have evened out, prices have come down.

The supply chain still has a long way to go to catch up to demand entirely, but signs indicate it is heading in the right direction.

What indicators are investors watching?

As an investor, what indicators should you pay attention to for clues to the economy's health? There are a few key indicators to look at, both leading indicators and lagging indicators.

Pay attention to the stock market, retail sales, and manufacturing activity for leading indicators. While there are others, these three give you a good baseline on how the economy is doing.

For lagging indicators, look at the U.S. Consumer Price Index, income and wages, and the unemployment rate. Again, there are others, but these will give you the clearest picture.

The bottom line

Understanding the data that helps the Federal Reserve form an opinion about the economy's health is essential for investors. While it isn't foolproof, looking at leading indicators can help you review your investment plan and make necessary changes.

When you’re ready to adjust your portfolio to current market conditions, Q.ai makes this task easy with its Investment Kits. Instead buying multiple funds, you can pick a single, diversified Investment Kit without spending hours researching individual stocks. Our artificial intelligence scours the markets for the best investments for all manner of risk tolerances and economic situations.

Download Q.ai today for access to AI-powered investment strategies. When you deposit $100, we’ll add an additional $100 to your account.

Mon, 19 Sep 2022 03:51:00 -0500 Q.ai - Powering a Personal Wealth Movement en text/html https://www.forbes.com/sites/qai/2022/09/19/key-inflation-figures-from-the-institute-for-supply-management-ism-that-investors-need-to-see/
ISM Manufacturing Index holds steady in November
Welder welding sheet metal

simonkr

November ISM Manufacturing PMI was unchanged at 46.7, falling short of the 47.6 consensus and holding steady from October. The latest reading signals that manufacturing activity contracted for the 13th straight month after a 28-month period of expansion.

"Companies are

Fri, 01 Dec 2023 01:03:00 -0600 en text/html https://seekingalpha.com/news/4042244-ism-manufacturing-index-holds-steady-in-november
Services PMI® at 52.7%; November 2023 Services ISM® Report On Business®

Business Activity Index at 55.1%; New Orders Index at 55.5%; Employment Index at 50.7%; Supplier Deliveries Index at 49.6%

TEMPE, Ariz., Dec. 5, 2023 /PRNewswire/ -- Economic activity in the services sector expanded in November for the 11th consecutive month as the Services PMI® registered 52.7 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 41 of the last 42 months, with the lone contraction in December 2022.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In November, the Services PMI® registered 52.7 percent, 0.9 percentage point higher than October's reading of 51.8 percent. The composite index indicated growth in November for the 11th consecutive month after a reading of 49.2 percent in December 2022, which was the first contraction since May 2020 (45.4 percent). The Business Activity Index registered 55.1 percent; a 1-percentage point increase compared to the reading of 54.1 percent in October. The New Orders Index expanded in November for the 11th consecutive month after contracting in December for the first time since May 2020; the figure of 55.5 percent equals the October reading.

"The Supplier Deliveries Index registered 49.6 percent, 2.1 percentage points higher than the 47.5 percent recorded in October. The index remained in contraction territory for the second consecutive month, indicating that supplier delivery performance was 'faster' in contrast to the 'slowing' status in September. In the last 10 months, the average reading of 48.1 percent (with a low of 45.8 in March) reflects the fastest supplier delivery performance since June 2009, when the index registered 46 percent. (Supplier Deliveries is the only ISM® Report On Business® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)

"The Prices Index registered 58.3 percent in November, a 0.3-percentage point decrease from the October reading of 58.6 percent. The Inventories Index returned to growth in November, registering 55.4 percent, an increase of 5.9 percentage points from October's figure of 49.5 percent. The Inventory Sentiment Index (62.2 percent, up 7.8 percentage points from October's reading of 54.4 percent) expanded for the seventh consecutive month. The Backlog of Orders Index contracted in November and registered 49.1 percent, a 1.8-percentage point decrease compared to the October reading of 50.9 percent.

"Fifteen industries reported growth in November. The Services PMI®, by being above 50 percent for the 11th month after a single month of contraction and a prior 30-month period of expansion, continues to indicate sustained growth for the sector, and at a slightly faster rate in November."

Nieves continues, "The services sector had a slight uptick in growth in November, attributed to the increase in business activity and slight employment growth. Respondents' comments vary by both company and industry. There is continuing concern about inflation, interest rates and geopolitical events. Rising labor costs and labor constraints remain employment-related challenges."

INDUSTRY PERFORMANCE 
The 15 services industries reporting growth in November — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Real Estate, Rental & Leasing; Arts, Entertainment & Recreation; Transportation & Warehousing; Retail Trade; Utilities; Accommodation & Food Services; Other Services; Management of Companies & Support Services; Finance & Insurance; Public Administration; Construction; Wholesale Trade; and Educational Services. The three industries reporting a decrease in the month of November are: Information; Mining; and Professional, Scientific & Technical Services.

WHAT RESPONDENTS ARE SAYING

  • "Restaurant sales and traffic trends are consistent with the previous month and at our annual seasonal lows — should pick up again in December. We continue to trend positive to pre-pandemic and last year." [Accommodation & Food Services]

  • "Opportunities across the construction industry remains strong. The labor market for skilled trades workers is tight." [Construction]

  • "Supplies and merchandise are holding steady." [Educational Services]

  • "Business conditions remain steady to the end of 2023. Annual cost escalations are a bit higher than planned, more than 5 percent versus 3 percent due to overall economic conditions and concerns." (Finance & Insurance)

  • "Signs of recovery are on the horizon — (profit) margins remain tight, but revenue is improving and labor appears to be stabilizing. Supply chains are operating well, but a few major manufacturers continue to show signs of constraints that have persisted for some time. Capital investment remains constrained; however, optimism has returned for a turnaround in calendar year 2024." [Health Care & Social Assistance]

  • "There are fewer new projects in comparison to last month and November 2022. Customers are not requesting quotes for new services." [Information]

  • "Customers are conservative in spending, so competition to maintain market share is tight." [Management of Companies & Support Services]

  • "Fourth-quarter revenues lower than projected. Seeing negative revenues trend into the first quarter of the new year. We remain positive yet concerned about 2024." [Professional, Scientific & Technical Services]

  • "Prices for most items increasing, but only slightly. Increase in pricing for services much more noticeable and impactful on the organization." [Public Administration]

  • "Candidate expectations during the hiring process have made staffing up more difficult." [Retail Trade]

  • "Solid activity heading into the final stretch of the fourth quarter." [Transportation & Warehousing]

  • "Labor, equipment and material price escalation requests are increasing, both through existing contracts as well as re-pricing of markets via requests for proposal." [Utilities]

  • "A comparably flat month of business activity — no major swings one way or the other. Inventories in our extended supply chain look healthy, and fill rates are improving." [Wholesale Trade]

ISM® SERVICES SURVEY RESULTS AT A GLANCE

COMPARISON OF ISM® SERVICES AND ISM® MANUFACTURING SURVEYS

NOVEMBER 2023

Index

 Services PMI®

Manufacturing PMI®

Series
Ind
ex

Nov

Series
Ind
ex

Oct

Percent
Point
Change

 

 

Direction

 

Rate of
Change

 

Trend*

(Months)

Series
Index

Nov

Series
Index

Oct

Percent
Point
Change

Services PMI®

52.7

51.8

+0.9

Growing

Faster

11

46.7

46.7

0.0

Business Activity/

Production

55.1

54.1

+1.0

Growing

Faster

42

48.5

50.4

-1.9

New Orders

55.5

55.5

0.0

Growing

Same

11

48.3

45.5

+2.8

Employment

50.7

50.2

+0.5

Growing

Faster

6

45.8

46.8

-1.0

Supplier Deliveries

49.6

47.5

+2.1

Faster

Slower

2

46.2

47.7

-1.5

Inventories

55.4

49.5

+5.9

Growing

From Contracting

1

44.8

43.3

+1.5

Prices

58.3

58.6

-0.3

Increasing

Slower

78

49.9

45.1

+4.8

Backlog of Orders

49.1

50.9

-1.8

Contracting

From Growing

1

39.3

42.2

-2.9

New Export Orders

53.6

48.8

+4.8

Growing

From Contracting

1

46.0

49.4

-3.4

Imports

53.7

60.0

-6.3

Growing

Slower

6

46.2

47.9

-1.7

Inventory Sentiment

62.2

54.4

+7.8

Too High

Faster

7

N/A

N/A

N/A

Customers' Inventories

N/A

N/A

N/A

N/A

N/A

N/A

50.8

48.6

+2.2

OVERALL ECONOMY

Growing

Faster

11

Services Sector

Growing

Faster

11

Services ISM® Report On Business® data is seasonally adjusted for the Business Activity, New Orders, Employment and Prices indexes. Manufacturing ISM® Report On Business® data is seasonally adjusted for New Orders, Production, Employment and Inventories indexes.
*Number of months moving in current direction.

COMMODITIES REPORTED UP/DOWN IN PRICE, AND IN SHORT SUPPLY

Commodities Up in Price
Electrical Components; Heating, Ventilation, and Air Conditioning (HVAC) Equipment; Labor (36); Labor — Contract (3); Labor — Construction; Labor Cost — Technical Workers; Oriented Strand Board (OSB) Panels; MRO; Personal Protective Equipment (PPE); Plumbing Supplies; and Professional Services.

Commodities Down in Price
Caustic Soda (2); Freight; Fuel (2); Gasoline; Gas Related Products; Lumber (2); Steel Products; and Soybean Oil.

Commodities in Short Supply
Building Materials; Electrical Components (8); Labor (13); Labor — Construction (3); Transformers (15); and Vehicles (3).

Note: The number of consecutive months the commodity is listed is indicated after each item.

NOVEMBER 2023 SERVICES INDEX SUMMARIES

Services PMI®
In November, the Services PMI® registered 52.7 percent, a 0.9-percentage point increase compared to the October reading of 51.8 percent. A reading above 50 percent indicates the services sector economy is generally expanding; below 50 percent indicates it is generally contracting.

A Services PMI® above 49.9 percent, over time, generally indicates an expansion of the overall economy. Therefore, the November Services PMI® indicates the overall economy is growing for the 11th consecutive month after one month of contraction in December 2022. Nieves says, "The past relationship between the Services PMI® and the overall economy indicates that the Services PMI® for November (52.7 percent) corresponds to a 1-percent increase in real gross domestic product (GDP) on an annualized basis."

SERVICES PMI® HISTORY

Month

Services PMI®

Month

Services PMI®

Nov 2023

52.7

May 2023

50.3

Oct 2023

51.8

Apr 2023

51.9

Sep 2023

53.6

Mar 2023

51.2

Aug 2023

54.5

Feb 2023

55.1

Jul 2023

52.7

Jan 2023

55.2

Jun 2023

53.9

Dec 2022

49.2

Average for 12 months – 52.7

High – 55.2

Low – 49.2

Business Activity
ISM®'s Business Activity Index registered 55.1 percent in November, an increase of 1 percentage point from the reading of 54.1 percent in October, indicating growth for the 42nd consecutive month. The Business Activity Index has been in expansionary territory ever since it recovered from its pandemic lows. Comments from respondents include: "End of the year elective procedures" and "Holiday retail sales now ramping up."

The 11 industries reporting an increase in business activity for the month of November — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Arts, Entertainment & Recreation; Finance & Insurance; Transportation & Warehousing; Real Estate, Rental & Leasing; Management of Companies & Support Services; Utilities; Retail Trade; Public Administration; and Educational Services. The four industries reporting a decrease in business activity for the month of November are: Mining; Information; Construction; and Professional, Scientific & Technical Services.

Business Activity

%Higher

%Same

%Lower

Index

Nov 2023

24.6

62.8

12.6

55.1

Oct 2023

22.3

61.5

16.2

54.1

Sep 2023

34.2

55.1

10.7

58.8

Aug 2023

31.0

52.5

16.5

57.3

New Orders
ISM®'s New Orders Index registered 55.5 percent, the same reading registered in October. The index indicated expansion for the 11th consecutive month after contracting in December 2022, ending a string of 30 consecutive months of growth. Comments from respondents include: "Spending remaining 2023 funding, preparing orders for 2024" and "Due to end of the year, companies are gearing up for the first quarter of 2024." Also: "Equipment and components orders are being placed to ensure on-time delivery."

The 11 industries reporting an increase in new orders for the month of November — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Real Estate, Rental & Leasing; Retail Trade; Transportation & Warehousing; Health Care & Social Assistance; Finance & Insurance; Public Administration; Management of Companies & Support Services; Construction; Educational Services; and Utilities. The two industries reporting a decrease in new orders for the month of November are: Information; and Professional, Scientific & Technical Services.

New Orders

%Higher

%Same

%Lower

Index

Nov 2023

25.4

60.7

13.9

55.5

Oct 2023

22.9

59.9

17.2

55.5

Sep 2023

27.8

55.9

16.3

51.8

Aug 2023

29.4

53.6

17.0

57.5

Employment
Employment activity in the services sector grew in November for the sixth consecutive month after contracting in May, with three consecutive months of growth before that. The Employment Index registered 50.7 percent, up 0.5 percentage point from the October figure of 50.2 percent. Comments from respondents include: "We have lost employees due to normal attrition and are having issues backfilling these positions" and "The labor market remains very competitive." Also: "Trying to get to full staff levels."

The 10 industries reporting an increase in employment in November — listed in order — are: Arts, Entertainment & Recreation; Construction; Accommodation & Food Services; Agriculture, Forestry, Fishing & Hunting; Other Services; Utilities; Retail Trade; Wholesale Trade; Health Care & Social Assistance; and Professional, Scientific & Technical Services. The five industries reporting a decrease in employment in November are: Finance & Insurance; Mining; Information; Public Administration; and Educational Services.

Employment

%Higher

%Same

%Lower

Index

Nov 2023

14.3

71.9

13.8

50.7

Oct 2023

15.8

67.0

17.2

50.2

Sep 2023

21.9

64.0

14.1

53.4

Aug 2023

18.1

71.0

10.9

54.7

Supplier Deliveries
The Supplier Deliveries Index indicated faster performance for the second consecutive month in November, registering 49.6 percent, up 2.1 percentage points from the 47.5 percent recorded in October. The index has been in "faster" territory in 10 of the last 12 months. A reading above 50 percent indicates slower deliveries, while a reading below 50 percent indicates faster deliveries. Comments from respondents include: "Manufacturers have fewer backlog orders, so they are able to process orders faster" and "Easing of supply chain constraints."

The six industries reporting slower deliveries in November — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Real Estate, Rental & Leasing; Utilities; Transportation & Warehousing; Educational Services; and Health Care & Social Assistance. The six industries reporting faster supplier deliveries for the month of November — listed in order — are: Information; Construction; Management of Companies & Support Services; Wholesale Trade; Finance & Insurance; and Professional, Scientific & Technical Services. Six industries reported no change in deliveries in November.

Supplier
Deliveries

%Slower

%Same

%Faster

Index

Nov 2023

9.6

79.9

10.5

49.6

Oct 2023

4.2

86.6

9.2

47.5

Sep 2023

9.8

81.1

9.1

50.4

Aug 2023

3.6

89.7

6.7

48.5

Inventories
The Inventories Index grew in November after contracting the previous month. The reading of 55.4 percent was a 5.9-percentage point increase compared to the 49.5 percent reported in October. Of the total respondents in November, 46 percent indicated they do not have inventories or do not measure them. Comments from respondents include: "Beginning to build for holiday demand" and "We have more standing inventory, as capacity has increased but sales have not."

The eight industries reporting an increase in inventories in November — listed in order — are: Other Services; Public Administration; Real Estate, Rental & Leasing; Retail Trade; Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Utilities; and Educational Services. The six industries reporting a decrease in inventories in November — listed in order — are: Mining; Information; Finance & Insurance; Management of Companies & Support Services; Transportation & Warehousing; and Wholesale Trade.

Inventories

%Higher

%Same

%Lower

Index

Nov 2023

24.7

61.4

13.9

55.4

Oct 2023

15.0

68.9

16.1

49.5

Sep 2023

22.0

64.4

13.6

54.2

Aug 2023

28.0

59.3

12.7

57.7

Prices
Prices paid by services organizations for materials and services increased in November for the 78th consecutive month. The Prices Index registered 58.3 percent, 0.3 percentage point lower than the 58.6 percent registered in October. The November reading is the 17th in a row near or below 70 percent (with nine straight months below 60 percent), following 10 straight months of readings near or above 80 percent.

Eleven services industries reported an increase in prices paid during the month of November, in the following order: Public Administration; Arts, Entertainment & Recreation; Educational Services; Agriculture, Forestry, Fishing & Hunting; Health Care & Social Assistance; Information; Wholesale Trade; Professional, Scientific & Technical Services; Utilities; Finance & Insurance; and Retail Trade. The three industries reporting a decrease in prices for November are: Mining; Accommodation & Food Services; and Transportation & Warehousing.

Prices

%Higher

%Same

%Lower

Index

Nov 2023

22.3

68.2

9.5

58.3

Oct 2023

24.7

66.6

8.7

58.6

Sep 2023

24.2

66.3

9.5

58.9

Aug 2023

22.7

69.3

8.0

58.9

NOTE: Commodities reported as up in price and down in price are listed in the commodities section of this report.

Backlog of Orders
The ISM® Services Backlog of Orders Index contracted in November after growing in October. The index reading of 49.1 percent is 1.8 percentage points lower than the 50.9 percent reported in October. Of the total respondents in November, 54 percent indicated they do not measure backlog of orders. Respondent comments include: "Due to supply chain improvement, backlogs are under control" and "Suppliers are making good progress clearing up back orders."

The four industries reporting an increase in order backlogs in November are: Finance & Insurance; Transportation & Warehousing; Utilities; and Public Administration. The five industries reporting a decrease in order backlogs in November are: Information; Wholesale Trade; Educational Services; Construction; and Professional, Scientific & Technical Services. Nine industries reported no change in backlogs in November.

Backlog of
Orders

%Higher

%Same

%Lower

Index

Nov 2023

10.1

77.9

12.0

49.1

Oct 2023

11.1

79.6

9.3

50.9

Sep 2023

8.5

80.2

11.3

48.6

Aug 2023

8.9

65.8

25.3

41.8

New Export Orders
Orders and requests for services and other non-manufacturing activities to be provided outside of the U.S. by domestically based companies increased in November after a significant decline in October preceded by six consecutive months of expansion. The New Export Orders Index registered 53.6 percent, a 4.8-percentage point increase from the 48.8 percent reported in October. Of the total respondents in November, 74 percent indicated they do not perform, or do not separately measure, orders for work outside of the U.S.

The six industries reporting an increase in new export orders in November — listed in order — are: Educational Services; Mining; Wholesale Trade; Retail Trade; Information; and Professional, Scientific & Technical Services. The two industries reporting a decrease in new export orders in November are: Utilities; and Transportation & Warehousing. Ten industries reported no change in new export orders in November.

New Export
Orders

%Higher

%Same

%Lower

Index

Nov 2023

10.9

85.4

3.7

53.6

Oct 2023

15.5

66.6

17.9

48.8

Sep 2023

32.1

63.1

4.8

63.7

Aug 2023

28.4

67.3

4.3

62.1

Imports
The Imports Index registered 53.7 percent in November, 6.3 percentage points lower than October's reading of 60 percent. The index has indicated expansion in 13 of the last 15 months, with the only contraction in March and an "unchanged" status (a reading of 50 percent) in May. Seventy-two percent of respondents reported that they do not use, or do not track the use of, imported materials.

The six industries reporting an increase in imports for the month of November — listed in order — are: Retail Trade; Educational Services; Construction; Management of Companies & Support Services; Professional, Scientific & Technical Services; and Health Care & Social Assistance. The only industry to report a decrease in imports in November is Wholesale Trade. Eleven industries reported no change in imports in November.

Imports

%Higher

%Same

%Lower

Index

Nov 2023

10.4

86.6

3.0

53.7

Oct 2023

22.3

75.4

2.3

60.0

Sep 2023

5.7

89.7

4.6

50.6

Aug 2023

8.2

88.1

3.7

52.3

Inventory Sentiment
The ISM® Services Inventory Sentiment Index grew for the seventh consecutive month in November after one month of contraction in April, preceded by four consecutive months of growth and four months of contraction from August to November 2022. The index registered 62.2 percent, a 7.8-percentage point increase from October's figure of 54.4 percent. This reading indicates that respondents feel their inventories are too high when correlated to business activity levels.

The 11 industries reporting sentiment that their inventories were too high in November — listed in order — are: Arts, Entertainment & Recreation; Real Estate, Rental & Leasing; Mining; Other Services; Wholesale Trade; Construction; Utilities; Educational Services; Information; Health Care & Social Assistance; and Public Administration. The three industries reporting a feeling that their inventories were too low in November are: Transportation & Warehousing; Management of Companies & Support Services; and Professional, Scientific & Technical Services.

Inventory
Sentiment

%Too

High

%About
Right

%Too

Low

Index

Nov 2023

27.9

68.6

3.5

62.2

Oct 2023

14.6

79.5

5.9

54.4

Sep 2023

13.7

82.1

4.2

54.8

Aug 2023

27.8

67.4

4.8

61.5

About This Report
DO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of November 2023.

The data presented herein is obtained from a survey of supply executives in the services sector based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making.

Data and Method of Presentation
The Services ISM® Report On Business® (formerly the Non-Manufacturing ISM® Report On Business®) is based on data compiled from purchasing and supply executives nationwide. Membership of the Services Business Survey Committee (formerly Non-Manufacturing Business Survey Committee) is diversified by NAICS, based on each industry's contribution to gross domestic product (GDP). The Services Business Survey Committee responses are divided into the following NAICS code categories: Agriculture, Forestry, Fishing & Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation & Warehousing; Information; Finance & Insurance; Real Estate, Rental & Leasing; Professional, Scientific & Technical Services; Management of Companies & Support Services; Educational Services; Health Care & Social Assistance; Arts, Entertainment & Recreation; Accommodation & Food Services; Public Administration; and Other Services (services such as Equipment & Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning & Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services). The data are weighted based on each industry's contribution to GDP. According to the BEA estimates for 2021 GDP (released December 22, 2022), the six largest services sectors are: Real Estate, Rental & Leasing; Government; Professional, Scientific, & Technical Services; Health Care & Social Assistance; Information; and Finance & Insurance.

Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (Business Activity, New Orders, Backlog of Orders, New Export Orders, Inventory Change, Inventory Sentiment, Imports, Prices, Employment and Supplier Deliveries), this report shows the percentage reporting each response and the diffusion index. Responses represent raw data and are never changed. Data is seasonally adjusted for Business Activity, New Orders, Prices and Employment. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The remaining indexes have not indicated significant seasonality.

The Services PMI® is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. An index reading above 50 percent indicates that the services economy is generally expanding; below 50 percent indicates that it is generally declining. Supplier Deliveries is an exception. A Supplier Deliveries Index above 50 percent indicates slower deliveries and below 50 percent indicates faster deliveries.

A Services PMI® above 49.9 percent, over time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 49.9 percent, it is generally declining. The distance from 50 percent or 49.9 percent is indicative of the strength of the expansion or decline.

The Services ISM® Report On Business® survey is sent out to Services Business Survey Committee respondents the first part of each month. Respondents are asked to ONLY report on U.S. operations for the current month. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to give the most accurate picture of current business activity. ISM® then compiles the report for release on the third business day of the following month.

The industries reporting growth, as indicated in the Services ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease.

ISM ROB Content
The Institute for Supply Management® ("ISM") Report On Business® (Manufacturing, Services and Hospital reports) ("ISM ROB") contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, "Content") of ISM ("ISM ROB Content"). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. The ISM ROB Content shall also contain Content of users and other ISM licensors. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content.

Except as explicitly and expressly permitted by ISM, you are strictly prohibited from creating works or materials (including, but not limited to: tables, charts, data streams, time-series variables, fonts, icons, link buttons, wallpaper, desktop themes, online postcards, montages, mashups and similar videos, greeting cards, and unlicensed merchandise) that derive from or are based on the ISM ROB Content. This prohibition applies regardless of whether the derivative works or materials are sold, bartered, or given away. You shall not either directly or through the use of any device, software, internet site, web-based service, or other means remove, alter, bypass, avoid, interfere with, or circumvent any copyright, trademark, or other proprietary notices marked on the Content or any digital rights management mechanism, device, or other content protection or access control measure associated with the Content including geo-filtering mechanisms. Without prior written authorization from ISM, you shall not build a business utilizing the Content, whether or not for profit.

You shall not create, recreate, distribute, incorporate in other work, or advertise an index of any portion of the Content unless you receive prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 W. Elliot Road, Suite 113, Tempe, AZ 85284-1556, or by emailing kcahill@ismworld.org; subject: Content Request.

ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages, arising out of the use of the ISM ROB. Report On Business®, Manufacturing PMI®, Services PMI®, and Hospital PMI® are registered trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc.

About Institute for Supply Management®
Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management organization worldwide. Its community of more than 50,000 in more than 100 countries manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM empowers and leads the profession through the ISM® Report On Business®, its highly-regarded certification and training programs, corporate services, events, and assessments. The ISM® Report On Business®, Manufacturing, Services, and Hospital, are three of the most reliable economic indicators available, providing guidance to supply management professionals, economists, analysts, and government and business leaders. For more information, please visit: www.ismworld.org.

The full text version of the Services ISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the third business day* of every month after 10:00 a.m. ET. The one exception is in January, the report is released on the fourth business day of the month.

The next Services ISM® Report On Business® featuring December 2023 data will be released at 10:00 a.m. ET on Friday, January 5, 2024.

*Unless the New York Stock Exchange is closed.

Contact:     

Kristina Cahill

Report On Business® Analyst

ISM®, ROB/Research Manager

Tempe, Arizona

+1 480.455.5910

Email: kcahill@ismworld.org

Institute for Supply Management logo. (PRNewsFoto/Institute for Supply Management) (PRNewsfoto/Institute for Supply Management)

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/services-pmi-at-52-7-november-2023-services-ism-report-on-business-302004936.html

SOURCE Institute for Supply Management

Mon, 04 Dec 2023 17:00:00 -0600 en-US text/html https://finance.yahoo.com/news/services-pmi-52-7-november-150000092.html
ISM Communications For Arduino

If you want to wirelessly communicate between devices, WiFi and Bluetooth are obvious choices. But there’s also the ISM (industrial, scientific, and medical) band that you use. There are inexpensive modules like the SX1278 that can handle this for you using LoRa modulation, but they haven’t been handy to use with an Arduino. [Jan] noticed the same thing and set out to build a shield that allowed an Arduino to communicate using LoRa. You can find the design data on GitHub. [Jan] calls it the LoRenz shield.

According to [Jan], the boards cost about $20 to $30 each to make, and most of that cost was in having PC boards shipped. LoRa lets you trade data rate for bandwidth, but typical data rates are fairly modest. As for range, that depends on a lot of factors, too, but we’ve seen ranges quoted in terms of miles.

Depending on where you live, there may be legal restrictions on how you use a radio like the SX1278. You should understand your local laws before you buy into using the ISM bands. We aren’t sure it would be wise, but the board can coexist with three other similar shields. So you could get 4 radios going on one Arduino if you had too and could manage the power, RF, and other issues involved. The breakout board the module uses has an antenna connector, so depending on your local laws, you could get a good bit of range out of one of these.

[Jan] promises a post on the library that makes it all work shortly, but you can find the code on GitHub now. If you look at the code in the examples directory, it seems pretty easy. You’d have to sling some software, but the SX1278 can support other modes in addition to LoRA including FSK and other data modulation techniques.

We’ve seen other LoRa shields, but not many. If you are interested in other wireless technologies, we’ve talked about them quite a bit. If you want a basic introduction to LoRa, [Andreas Spiess’] video below is a good place to start.

Sat, 08 Jul 2017 19:20:00 -0500 Al Williams en-US text/html https://hackaday.com/2017/07/09/ism-communications-for-arduino/
ISM® Announces Shortlist for 2023 Supply Chain Trailblazer Awards

Finalists represent outstanding programs and initiatives across 11 categories

TEMPE, Ariz., Dec. 20, 2023 /PRNewswire/ -- Institute for Supply Management® announced its finalist shortlist for the ISM Supply Chain Trailblazer Awards, which recognizes organizational programs, teams and initiatives that set new standards, exceed expectations, and help notably advance the supply chain management profession.

"While it has been a challenging time for many in supply chain and procurement, it has also brought forward incredible innovation and opportunities," said ISM Chief Product Officer Susan Marty. "We're excited to celebrate these award-winning organizations and to shine a light on their team's accomplishments."

The awards focus on key areas in which supply chain management adds value and makes a difference to companies. The categories and corresponding 2023 shortlist organizations are noted below.

Advanced Technology Digital Impact – How an organization has solved for a challenge leveraging advanced digital technology (ML, AI, RPA, IoT, blockchain, etc.) across the function or broader business enterprise.

  • WESCO International
  • Las Vegas Valley Water District

Category Management Excellence – How an organization has solved for a challenge leveraging strategic category management and demonstrating excellence.

Data and Analytics Initiative – How an organization has solved for a challenge leveraging data and analytics across the function or broader business enterprise.

  • Velcro Companies
  • Mercury Marine (a division of Brunswick Corporation)

Diversity Champion — How an organization has advanced diversity within its company and the profession, and the impact this has made on its talent base and/or supply base/partners.

  • Apache Corporation
  • DuPont
  • Nova Southeastern University

Innovation — How an organization has used innovative practices to create opportunities, accelerate revenue, reduce costs, add value, create a competitive advantage, or solve a pervasive issue.

Procurement Solution Provider Impact – How a solution provider solves problems or provides notable opportunities for clients, based on specific client case studies.

Risk Management and Resilience — How a supply chain organization has managed, mitigated and/or resolved risk issues, disruption, or crises.

Supply Chain Consultancy Project – How an advisory firm solved a problem or provided a notable opportunity on behalf of or in partnership with a client.

Sustainability Commitment — How an organization has demonstrated its commitment to some or all of ISM's 11 Principles of Sustainability and Social Responsibility and/or Environmental, Social, Governance (ESG) standards, the process for doing so and the results that were achieved.

Talent Management Excellence – How an organization has demonstrated talent management excellence within their respective team(s).

  • IHG Hotels & Resorts
  • Zimmer Biomet

Transformation — How an organization has transformed its supply management/procurement function and the impact this has created.

  • Cipla Ltd.
  • DuPont
  • IHG Hotels & Resorts

Winners will be announced and celebrated at an awards gala and ceremony on Monday, April 29, 2024, in Las Vegas. The gala celebration will be held alongside ISM World 2024 Annual Conference.

The 2023 ISM Supply Chain Trailblazer Awards were open to global organizations of any size and industry. Organizations could submit to one or more categories; entries explain initiatives, strategies and accomplishments that were implemented and/or begun in the prior 12 months. A panel of executive judges reviewed the submissions and ranked each against set criteria assessing process, initiative, commitment, impact, influence, and outcomes or achievements.

For more information about the awards program, winners and to register to attend the awards gala in April 2024, visit ismworld.org/trailblazer-awards.

About Institute for Supply Management®

Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management organization worldwide. Its community of more than 50,000 in more than 100 countries around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM is committed to advancing the practice of supply management to drive value and competitive advantage for its members, contributing to a prosperous and sustainable world. ISM empowers and leads the profession through the ISM Report On Business®, its highly-regarded certification and training programs, corporate services, events and the ISM Supply Chain Capability Model™. The ISM Report On Business®, Manufacturing, Services and Hospital, are three of the most reliable economic indicators available, providing guidance to supply management professionals, economists, analysts, and government and business leaders. For more information, please visit: www.ismworld.org.

Contact: Jessica Boyd, 480.752.6276, ext. 3085

jboyd@ismworld.org 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ism-announces-shortlist-for-2023-supply-chain-trailblazer-awards-302020300.html

SOURCE Institute for Supply Management

Tue, 19 Dec 2023 09:59:00 -0600 en text/html https://www.victoriaadvocate.com/ism-announces-shortlist-for-2023-supply-chain-trailblazer-awards/article_e556f752-470e-56b5-bdf4-d5faa9777d5a.html




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