ISM-Houston announced this morning that the Houston Purchasing Managers Index rose 2.5 points to 56.7 during June. Significant strengthening of the sales/new orders and lead times indices drove this improvement. A lower finished goods inventory index, an inverse indicator of economic strength, also indicated economic strengthening by falling further below neutral.
Click here to see the online version and here to see the PDF version of the full report.
ISM-Houston announced today that according to Houston area supply chain executives, overall economic activity in Houston continued to expand in May. The overall ISM-Houston PMI diffusion index fell modestly. Manufacturing activities have now expanded for two quarters and services activities have expanded for more than three.
ISM-Houston announced today that according to Houston area supply chain executives, overall economic activity in Houston continued to expand in April. The overall ISM-Houston PMI diffusion index fell modestly but remains well above neutral. Manufacturing activities expanded for the fifth month and services activities have expanded for the last nine months.
Click here to see the online version of the ISM-Houston Business Report or here to see the PDF version of the full report.
All ISM-Houston PMI Indices Point to Expansion
ISM-Houston announced today that according to Houston area supply chain executives, overall economic activity in Houston expanded significantly in March. The overall ISM-Houston PMI diffusion index is at its highest level since early 2019. Manufacturing activities expanded for the fourth month and services activities have expanded for the last eight months.
Click here to see the online version of the ISM-Houston Business Report and here to see the PDF version of the report.
Employment Starts to Return
ISM-Houston announced today that according to Houston area supply chain executives, overall economic activity in Houston expanded in February for the ninth month. Manufacturing activities expanded for the third month and services activities have now expanded for the last seven months.
Click here to see the online version of the ISM-Houston Business Report and here to see the PDF version of the report.
ISM-Houston announced today that according to Houston area supply chain executives, overall economic activity in Houston expanded in January for the eighth month. Manufacturing activities expanded for the second month and services activities have now expanded for the last six months.
Click here to see the online version and here to see the PDF version of the full report.
A procurement transformation effort can reduce your costs significantly. For a typical implementation, you will see annual cost savings of 4 to 9% on your services and indirect materials spend. You will also capture fixed cost savings of 20 to 30%. With normal program execution costs equal to 1 to 2% of one year of spend, depending on your organizations size and current capabilities, most procurement organizations will break even during the third year of program execution.
ISM-Houston announced today that according to Houston area supply chain executives, overall economic activity in Houston expanded in December for the seventh month. Manufacturing activities expanded for the first time since January. Services activities have now expanded for the last five months.
Click here to see the full report on the ISM-Houston website.
We have proven process maturity model based methods and benchmarking techniques to help you understand where you are compared to your peers and the performance leaders. We’ll work with you to create a transformation plan based on this assessment with a target to implement known, highly effective, procurement practices while meeting your total cost of ownership targets. We’ll also help you execute this plan, ensuring that you deliver both near term quick hits and longer term differential improvement.
Significant procurement transformation is hard. If you are like most procurement leaders, you’ve already started a strategic sourcing effort to get quick savings, but you’re finding it hard to figure out what to do next. Do I improve my IT systems to gain efficiency and reduce errors? What if I focus on cleaning up my master data to better understand and control my spend? Should I modify my processes to align them with those I know to be highly effective? Do I focus on changing my organization and improving my staff capability? By now, you’ve probably concluded that you will need to do all of this and more, but you’re struggling to prioritize your efforts.
