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"The Point" is written by BMP Editor Kelly Barner as well as a diverse group of guest contributors.

Recommended Procurement Webinars May 6-10: Spring Economic Update from ISM and Sourcing Desk True Stories

I have good news and less good news… The good news is that I added 8 webinars to the calendar on Friday (7 of which are in May). The less good news is that there are only 3 events to shoes from this week. Take a look at my comments below to see what I recommend.

If you are planning your webinar schedule beyond this week, I recommend ‘Executing a Successful Procurement Transformation’ hosted by Ivalua on May 29th. This webinar will be presented by Duncan Jones from Forrester Research on the study that generated so much buzz at the Ivalua NOW event in Paris a couple of weeks ago. If you are interested in some insights about the study, which focuses on the misalignment between procurement’s maturity and our perception of our maturity, you can visit Art of Procurement’s blog or read my own write up here on BMP.

BTW: If you haven’t already, sign up for our mailing list to be sure you get my weekly recommendations in your Inbox each Monday.

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The April ISM-New York Report on Business: Lofty Long-term Expectations

The April ISM-New York Report on Business was released on May 2nd at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information on the ISM-New York Report on Business.

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The March ISM-New York Report on Business: Reversing Course

The March ISM-New York Report on Business was released on April 2nd at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information on the ISM-New York Report on Business.

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The February ISM-New York Report on Business: Moderate Ups and Downs

The February ISM-New York Report on Business was released on March 4th at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information on the ISM-New York Report on Business.

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The January ISM-New York Report on Business: Long Term Growth Without Employment?

The January ISM-New York Report on Business was released on February 4th at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information on the ISM-New York Report on Business.

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The December ISM-New York Report on Business: Downward Close to 2018

The December ISM-New York Report on Business was released on January 3rd at 9:45am Eastern and is available for download here. Please see the end of this commentary for additional information on the ISM-New York Report on Business.

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The November ISM-New York Report on Business: Outlook Stands Alone

The November ISM-New York Report on Business was released on December 4th at 9:45am Eastern and is available for download here.

Like ISM’s national report, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. It is important to keep this in mind when we think about the context for the trends being reported by these particular purchasing managers.

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The October ISM-New York Report on Business: Hotter Jobs Under Cooler Conditions

The October ISM-New York Report on Business was released on November 2nd at 9:45am Eastern and is available for download here.

Like ISM’s national report, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. It is important to keep this in mind when we think about the context for the trends being reported by these particular purchasing managers.

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The September ISM-New York Report on Business: Help Wanted!

The August ISM-New York Report on Business was released on October 2nd at 9:45am Eastern and is available for download here.

Like the other ISM reports, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

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The August ISM-New York Report on Business: Nowhere to go but down... except up

The August ISM-New York Report on Business was released on September 5th at 9:45am Eastern and is available for download here.

Like the other ISM reports, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. It is important to keep this in mind when we think about the context for the trends being reported by these particular purchasing managers.

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Survey Chair Commentary: The July ISM-New York Report on Business

The July ISM-New York Report on Business was released on August 2nd at 9:45am Eastern and is available for download here.

Like the other ISM reports, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. It is important to keep this in mind when we think about the context for the trends being reported by these particular purchasing managers.

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Survey Chair Commentary: The June ISM-New York Report on Business

The June ISM-New York Report on Business was released on July 3rd at 9:45am Eastern and is available for download here.

Like the other ISM reports, the ISM-New York Report on Business is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50.0 means no change from the prior month, greater than 50.0 indicates a faster pace of activity, and less than 50.0 a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. It is important to keep this in mind when we think about the context for the trends being reported by these particular purchasing managers.

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Survey Chair Commentary: The May ISM-New York Report on Business

The May ISM-New York Report on Business was released on June 4th at 9:45am Eastern and is available for download here.

The ISM-New York Report on Business (like the other ISM reports) is compiled as diffusion indices –we add the percent of positive responses to one-half of those responding that conditions remained the same.  A reading of 50% means no change from the prior month, greater than 50% indicates a faster pace of activity, and less than 50% a slower rate. Each month is not so much a reading of the current level of activity as it is an indication of growth or contraction from the previous month.

A note specific to the New York Metro area, where all of this report’s respondants are located: they are predominantly in professional services industries. While I’m sure that does not come as a surprise, it is important to keep in mind when you think about the context for the trends being reported by these particular purchasing managers.

With that background, let’s transition to this month’s report.

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Recommended Procurement Webinars for Dec 12 – 16: The Year All Comes Down to This…

Where did 2016 go? This is officially our last week of covering webinars for the year – partly because everyone needs to rest sometime and partly because there are no more events to cover! We’ll be back starting January 9 to kick off a new year of webinar recommendations. If you haven’t already, sign up for our mailing list to be sure you get the weekly recommendations in your Inbox each Monday.

Click on the title of each webinar below to view the full description and register.

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What part of our current economic conditions are speaking to you? Are you listening?

It is impossible to turn on the tv, check a news site or pick up a newspaper this week without being confronted by a wave of bad economic news. Here are just a few example headlines from August 10th:

"Stocks Dive on Europe, Economy Fears" - WSJ.com

"Shares Plunge as Eurozone Woes Return" - FT.com

"Discovering the Real reasons for the Market Plunge May Take Time" - TheEconomist.com

So despite the fact that you feel a little queasy each time you check in on your 401K, what reaction are you supposed to have - specifically in your role as a procurement or supply chain professional?

 

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