Podcasts about supply management ism

03rd April: Crypto & Coffee at 8 

Ever wondered what it's like to navigate the AIM Marketplace? Well, Zach's been through the gauntlet and he's here to spill the beans. If you're aiming to conquer the market like Cobra Kai, you won't want to miss this episode. Zach shares some invaluable tips to ensure the odds are forever in your favor! MAJ Zach Patterson was a AIM Mover in the 24-02 Marketplace last year October.  Zach was matched in his Marketplace from the top 5 jobs he ranked. MAJ Zachary Patterson was commissioned as a Medical Service Corps Officer through the Reserve Officer Training Corps (ROTC) in August 2010 and is a Distinguished Military Graduate. He has a Bachelor of Science in Criminal Justice from Jacksonville State University in Jacksonville, Alabama, a Masters in Supply Chain Management (M.S.C.M.) from Virginia Commonwealth University in Richmond, VA. and is a Certified Professional in Supply Management (CPSM) from the Institute for Supply Management (ISM). His assignments include: Brigade Medical Supply Office OIC, 1BCT, 4ID, Fort Carson, CO; Medical Evacuation Platoon Leader, C Company, 4th Brigade Support Battalion, 1ABCT, 4ID, Fort Carson, CO; Support Operations - Medical Logistics Officer, 4BSB, 1SBCT, 4ID, Fort Carson, CO; Chief of Supply Chain Management, Dwight D. Eisenhower Army Medical Center, Fort Gordon, GA; Company Commander, Alpha Company, Dwight D. Eisenhower Army Medical Center, Fort Gordon, GA; Operations Officer – G3/5/7, Army Medical Logistics Command, Fort Detrick, MD; Deputy Director of the Business Support Office, U.S. Army Medical Materiel Agency, Fort Detrick, MD. MAJ Patterson's current assignment is as a Medical Logistics Planner for U.S. Army Central Command, Shaw Air Force Base, SC. He also serves as the Deputy Medical Logistics Consultant to the Army Surgeon General for Strategic Communications & Outreach. MAJ Patterson's awards and decorations include: Meritorious Service Medal (1 OLC), Army Commendation Medal (1 OLC), Army Achievement Medal (2 OLC), National Defense Service Medal; Global War on Terrorism Expeditionary Medal, Global War on Terrorism Service Medal, Army Service Ribbon, Over Seas Service Ribbon, and Expert Field Medical Badge.Disclaimer: The views expressed in this podcast are the guests and host's alone and do not reflect the official position of the Medical Service Corps, the Department of Defense, or the US Government. All information discussed is unclassified approved for public release and found on open cleared sources.For more episodes listen on Apple Podcasts, Spotify, or YouTube @ Be All You Can Be MSC For more information, suggestions, or questions please contact: beallyoucanbemsc@gmail.com

Welcome to another fun episode of Wine and Dime with Amy Irvine, where we chat about money matters while enjoying some fantastic wine. In today's episode, we'll explore the world of economic indicators, making it easy to understand for everyone. And what better way to learn than with a tasty glass of Airlie Winery's Rosé of Pinot Noir by our side? So, grab your favorite wine glass and join us as we dive into the world of finance with a touch of Oregon's finest wine. Get ready to learn, laugh, and sip with us. Cheers!What You Will Learn:Economic terms and their impact on everyday lifeUnderstanding leading economic indicators (LEIs) and how they signal a recessionThe role of the Institute for Supply Management (ISM) in tracking economic activityRemember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom! If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.comOr visit us at www.rootedpg.com/podcasts for full show notes and links!Understanding Economic Indicators:The importance of LEIs and how they help predict a recessionAverage weekly hours in manufacturingAverage weekly initial claims for unemployment insuranceManufacturers' new orders for consumer goods and materialsManufacturers' new orders for non-defense capital goods (excluding aircraft orders)Building permits for new private housing unitsS&P 500 leading credit indexInterest rate spreadsAverage consumer expectations for business conditionsInstitute for Supply Management (ISM) activity growth manufacturing index: composite of new orders, production, employment, supplier deliveries, and inventoriesNon-manufacturing index: composite of business activity, new orders, employment, and supplier deliveriesWine Recommendation Highlight:Sipping on Airlie Winery's Rosé of Pinot NoirAmy shares her love for Airlie Winery's Rosé of Pinot Noir, a refreshing and spicy wine that she enjoyed during her visit to Oregon's Willamette Valley. This delightful wine helped her get through the 2023 tax season, making it a personal favorite.Featured Wine:Airlie Winery's Rosé of Pinot Noir: A refreshing and spicy Rosé perfect for wine enthusiasts looking for something different.For more information on Airlie Winery and their range of wines, visit their website or check them out when you're in the Oregon Willamette Valley area. And remember to share your favorite wine recommendations with us on Facebook and Instagram @rootedpg. Cheers!Helpful Links:Rooted Planning Group: Learn more about the financial planning services offered by the episode's sponsor, Rooted Planning Group - www.rootedpg.comAirlie Winery: Discover Airlie Winery's Rosé of Pinot Noir and their other wines - www.airliewinery.comNational Bureau of Economic Research (NBER): Find information on leading economic indicators and other economic data - www.nber.orgInstitute for Supply Management (ISM): Learn more about the ISM indices and economic activity - www.ismworld.orgWine and Dime Facebook: Follow Wine and Dime on Facebook for the latest news and updates -

The Institute of Supply Management Non-Manufacturing Index is an economic index based on surveys of more than 400 non-manufacturing (or services) firms' purchasing and supply executives. The ISM services survey is part of the ISM Report On Business Manufacturing and ServicesThe Purchasing Managers' Index is a barometer on the overall economy by showing the economic trends in both the manufacturing and service sectors. The ISM Report On Business provides guidance to supply management professionals, business leaders, economists, and government officials by monitoring the economic conditions of the nation. The ISM Services PMI (formerly the Non-Manufacturing NMI) is compiled and issued by the Institute of Supply Management (ISM) and contains a diffusion index based on survey data.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4432332/advertisement

Job Market The jobs report brought plenty of welcome news as the headline payrolls grew by 223,000 in the month of December, which easily topped the estimate of 200,000. This was a decrease from November's gain of 256,000, but it's important to remember that we've been discussing a deceleration in the jobs market for months now. Areas that remained hot included health care and social assistance at 74,400, leisure and hospitality at 67,000, and construction also grew by 28,000 jobs. Interestingly, Julia Pollack who is the chief economist at ZipRecruiter pointed out, “Health care has recovered to its pre-pandemic levels, but nowhere near its pre-pandemic trend, and hospitality is still not back to its pre-pandemic levels.” On the downside, information jobs saw a decline of 5,000 and professional and business services saw a decline of 6,000 jobs in the month. Overall, the unemployment rate fell back to 3.5%, which ties the lowest level since 1969. Part of this stems from the lower participation rate which currently stands at 62.3%, a full percentage point below where we were in February 2020 before the pandemic. Also, another measure of unemployment that takes into account discouraged workers and those holding part-time jobs for economic reasons also declined, falling to 6.5%. This is the lowest-ever reading in a data set that goes back to 1994. Probably the biggest market mover was the fact that wage inflation was up just 4.6% compared to the estimate of 5.0%.   Supply Management (ISM) One survey that doesn't get a ton of media coverage is the Institute for Supply Management (ISM) non-manufacturing PMI. This is an economic index based on surveys of more than 400 non-manufacturing (or services) firms' purchasing and supply executives. The recent report showed a reading of 49.6 which missed the estimate of 55.0 and was down from 56.5 in November. This was the first time since May 2020 the reading was below 50. A reading below 50 indicates a contraction in the service economy. The area I thought stood out the most was new orders received by service businesses as they fell 45.2 from 56.0 in November and marked the lowest level since May 2020 and was the weakest reading since 2009, excluding the collapse during the pandemic. The reason this is so important is that Fed Chairman Powell is pointed to concerns over price increases in the service economy, but if the demand is not there it will be harder to raise prices. Hopefully they will take this into account at their next meeting.   Tech Employees You have seen the headlines about all the laid off tech employees and may be thinking this is bad for the economy. What the media does not show you is the other side. A recent survey from ZipRecruiter shows that 79% of the laid off tech employees found a new job within three months. The job market remains strong, which I believe points to a recession that will be shorter and milder than other recessions.   Harrison Johnson, CFP®: "Secure Act 2.0"

We spoke with Carly Martinetti, Cofounder at Notably, a boutique public relations agency which has helped to exponentially grow brands like Timberland, Reebok, Dynatrace, Wellness Pet Foods, Smartfood, MIT, Institute for Supply Management (ISM), BMW, Hewlett-Packard, and Cumberland Farms.Carly's experience with traditional public relations services led her to more creative solutions. Coupled with brilliant digital advertising and impactful creative, as well as strategic communications counsel, her work at Notably strives to make the most of any business's communications work.Thanks for stopping by, Carly!Ready to be Notable? --> www.notablypr.com

Tony Conley kicks off his seventeenth episode with a three-part interview of Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: Institute for Supply Management® (ISM®) serves supply management professionals in more than 90 countries. Its 50,000 members around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 as the first supply management institute in the world, 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 leads the profession through the ISM Report On Business®, its highly regarded certification programs and the ISM Advance™ Digital Platform. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/ Thank you to Benjamin Robinson and Motor City Skyline's music

Jean Paul Lagarde and Michael Thomas explore all things inflation on this week's Slow Money Show. From reported inflation (CPI/PCE), to Business Surveys like the Institute of Supply Management (ISM) and NFIB (small business) surveys, to commodity prices, consumer inflation exceptions and market implied inflation expectations, the bottom line is inflation matters. We also discuss FED actions, the recent increase in rates and their ramifications on credit and equity markets.

Jean Paul Lagarde and Michael Thomas explore all things inflation on this week's Slow Money Show. From reported inflation (CPI/PCE), to Business Surveys like the Institute of Supply Management (ISM) and NFIB (small business) surveys, to commodity prices, consumer inflation exceptions and market implied inflation expectations, the bottom line is inflation matters. We also discuss FED actions, the recent increase in rates and their ramifications on credit and equity markets.

Ormai è chiaro che ci attende un periodo di inflazione più sostenuta del normale. La FED recentemente ha ammesso di invitare un'inflazione maggiore del normale per aiutare l'economia a crescere, e ha promesso di lasciare i tassi di interesse molto bassi fino al 2023. Su questa scia, oggi parliamo di inflazione e di quello che sta accadendo in tutto il mondo: uno shortage di materie prime, beni produttivi, e un'interruzione della catena produttiva e di approvvigionamento, fenomeno totalmente inflazionatorio. Parliamone citando dati di Febbraio presi direttamente dall'Instituto of Supply Management (ISM) e di alcuni report di Goldman Sachs, cercando di capire se le attese delle banche centrali internazionali sono politiche o realistiche. Sarà interessante... sintonizzatevi!CONSULENZE: https://mataandassociates.com/consulenzeCONTATTO: staff@mataandassociates.comLISTA LIBRI: https://mataandassociates.com/lista-libriNEWSLETTER: https://mataandassociates.com/newsletterSITO: https://mataandassociates.comFACEBOOK: https://www.facebook.com/mataandassociates

Don’t miss Anthony Nieves, chair for the Services PMI™ Business Survey Committee for the Institute for Supply Management (ISM) with the Services PMI™ Report On Business right here on Manufacturing Talk Radio. For more visit mfgtalkradio.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Don’t miss Anthony Nieves, chair for Non-Manufacturing Business Survey Committee for the Institute for Supply Management (ISM) with the Non-manufacturing Report On business right here on Manufacturing Talk Radio.

In this episode of the Planned Solutions Incorporated Podcast, The Institute of Supply Management (ISM) reported a strong rebound in manufacturing and non-manufacturing (services) sector activity in June. This is another in a long line of positive economic reports showing that the US economy rebounded quickly in May and June as many states lifted some economic restrictions. Also, Car sales dropped sharply in the second quarter but showed strong signs of a recovery in the last weeks of the quarter. Dealers that were willing to offer discounts and attractive financing terms earlier in the month have shifted to a focus on profitability and more conventional financing making it more difficult for consumers to find a deal despite the continued economic challenges. And, The CARES Act suspended Required Minimum Distributions (RMDs) for the 2020 tax year. However, some people had already taken their RMDs before the CARES Act was passed. The IRS recently issued guidance that anyone who took their RMD before June 23, 2020, may return to the money to their retirement account by August 31st to undo the distribution. This may allow some taxpayers to reduce their tax liability for 2020 by returning their RMDs and reducing their taxable income. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- It is that time of year again … charity golf tournament season. It is the time of year when we can get outside, enjoy the warm weather, have fun, and support worthwhile causes in a socially distanced environment. With that said we hope you will join us again this year in playing golf and raising money for cancer charities. The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just a few months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: Thursday, October 1st, 2020 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 12:30 pm shotgun start All profits go to cancer research and education. You can help by attending the tournament or donating. Chase Armer's book- Financial Planning Insights is now available at: https://store.bookbaby.com/book/financial-planning-insights https://www.amazon.com/Financial-Planning-Insights-Decades-Planner/dp/1098306279/ref=sr_1_1?dchild=1&keywords=chase+armer&qid=1586894022&sr=8-1 To subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #inflation #deflation #bonds

Sarah Scudder is president of Real Sourcing Network (RSN), a print and marketing sourcing tool software company. Sarah Scudder has spunk. Sarah Scudder is a go-getter who has gone out and got. Proof? Sarah is the youngest executive to ever serve on the board for the Print Services and Distribution Association (PSDA). Sarah is the brainchild behind ProcuRising, the cutting edge magazine that gives voice to industry leaders, writers, and entrepreneurs in the marketing and procurement space. Sarah hosts thought leadership ProcuremenTalks around the country and coordinates events for the Global Women Procurement Professionals (GWPP). Sarah speaks at several annual sourcing industry events and hosts multiple webinars. She also co-authors a column for the Sourcing Industry Group (SIG)'s Future of Sourcing publication and Institute of Supply Management (ISM)'s “Inside Supply Management” newsletter. Awards? Sarah won the Sourcing Industry Group (SIG) Future of Sourcing Rising Star award. Sarah is a winner of the North Bay Business Journal's Forty Under 40 award. Sarah won the Print+Promo's Trailblazer Under 40 award. Sarah also won the Print Services & Distribution Association (PSDA)'s Member of the Year award. But none of the above matters. What matters is that Sarah Scudder treats everyone with respect, and it is her desire to make the world a better place. She is well on her way. In this episode of the Podcast we talk about: Sarah's Career; Sarah's views on Marketing Procurement and where it goes wrong; Women in Procurement; And much, much, more. Connect with Sarah over on LinkedIn - https://www.linkedin.com/in/sarah-

Don’t miss Anthony Nieves, chair for Non-Manufacturing Business Survey Committee for the Institute for Supply Management (ISM) with the LIVE Non-manufacturing Report On business right here on Manufacturing Talk Radio

The benchmark US equity indices made it a clean sweep overnight, with all three gauges carving out fresh record all-time closing highs - Dow up +115-points or +0.42% The broader S&P500 +0.37%, NASDAQ +0.55%. In US corporate earnings, Under Armour Inc tumbled after the company confirmed it was the subject of a federal investigation into its accounting practices. The athletic gear company reported a third-quarter decline in North America sales and cut its full year earnings outlook. After the closing bell, Uber Technologies Inc announced earnings that beat analyst estimates on the top and bottom lines for its third quarter or 2019 but the stock fell more than 5% after the company reported over $1 billion in net losses. Sprint Corp and Roku Inc report tonight AEST. In US economic data, Durable Goods and Factory Orders data for September Both the Institute of Supply Management (ISM) and Markit release their Services Purchasing Manager's Indices (PMI) for October tonight AEST (5 October), while Balance of Trade figures for September (with the trade deficit forecast to decrease to US$52.5B from US$54.9B) are also scheduled for release.

The benchmark US equity indices made it a clean sweep overnight, with all three gauges carving out fresh record all-time closing highs - Dow up +115-points or +0.42% The broader S&P500 +0.37%, NASDAQ +0.55%. In US corporate earnings, Under Armour Inc tumbled after the company confirmed it was the subject of a federal investigation into its accounting practices. The athletic gear company reported a third-quarter decline in North America sales and cut its full year earnings outlook. After the closing bell, Uber Technologies Inc announced earnings that beat analyst estimates on the top and bottom lines for its third quarter or 2019 but the stock fell more than 5% after the company reported over $1 billion in net losses. Sprint Corp and Roku Inc report tonight AEST. In US economic data, Durable Goods and Factory Orders data for September Both the Institute of Supply Management (ISM) and Markit release their Services Purchasing Manager's Indices (PMI) for October tonight AEST (5 October), while Balance of Trade figures for September (with the trade deficit forecast to decrease to US$52.5B from US$54.9B) are also scheduled for release.

Raoul Pal is a former hedge fund manager who retired at 36 and is co-founder of Real Vision, a financial media company offering in-depth video interviews and research publications from the world’s best investors. He has run a successful global macro hedge fund, co-managed Goldman Sachs’ hedge fund sales business in equities and equity derivatives in Europe, and helped design the BBC TV program Million Dollar Traders, training participants in investment and risk management strategy. Raoul retired from managing client money and now lives in the Cayman Islands, from where he manages Real Vision and writes The Global Macro Investor, a highly regarded original research service for hedge funds, family offices, sovereign wealth funds, and other elite investors.   “Have a framework, use your framework. But do test your framework because it does change. Your framework will keep you on the straight and narrow.” - Raoul Pal   Worst investment ever On top of the global macro hedge fund game Raoul started The Global Macro Investor in 2005. He was managing his own money as well as advising many of the world’s top hedge funds, family offices, sovereign wealth funds, etc. He had a pretty good first year out of the gate. His business did phenomenally even in the second year. He was at the top of his game. Around 2007, having understood how the market works, he switched from a long emerging market position to a short emerging market position, a decision that scaled his business to success. By 2008, he had made a huge reputation for himself because his business was thriving and he’d lived and breathed the Asian financial crisis. Where macro is concerned, Raoul had made it. Surviving the global financial crisis The global financial crisis hit the global markets in 2007 and 2008. Most hedge funds barely made it out alive but Raoul was one of the hedge-fund investors who survived the crisis during these years. How did he do it? Raoul has a framework through which he follows and analyzes global economies. It is the framework that allowed him to nail the whole situation going into the crisis. Most economists build a linear model of GDP, which Raoul believes is ridiculous. He’s more of an applied market economist. Raoul’s framework involves observing markets in conjunction with economies and looking for opportunities between the two. The framework worked for him because when you look at the yearly rate of change of oil, gold, copper, the stock market or emerging markets, they’re all the same, they’ll go up and down with the US business cycle. So he’d use something like the Institute for Supply Management (ISM) supply management survey, a poll of purchasing managers in the US, to give him an idea of whether they are more or less confident in the economy. This helped him sail through the storm. Overconfident, he ignores his faithful framework Come 2009, things were different. No one was sure whether they were through the worst of it or not. At this point, unlike the other times, Raoul ignored his framework, which was suggesting that the business cycle had probably bottomed out. Not certainly, but probably. In his view, some hurdles could worsen the cycle. He believed that it was going to go lower. While his framework was telling him that the business cycle would not bring him any return, he believed that there would be probabilistic outcomes and that risk would return to the markets and he’d make some recovery. This never happened. After a series of four years of the best returns he’d ever had, 2009 became by far the worst year he’d ever had investing, and in advising. The market never recovered that year and so his investment didn’t bring him any of the returns he had calculated. Eurozone crisis comes knocking Raoul was able to recover from the worst investment of his life, but psychologically it took a few years to regain his faith. The 2012 Eurozone crisis made it even harder for Raoul to recover from his loss. During that crisis, he was living in Spain. Things were so bad he was having to buy food and store it. The markets were shaky and there was no guarantee that the banking system would last. Greece had imploded, and the Cyprus banking system had shut down entirely. So it was an extraordinary time. It was hard to escape the psychological trauma of the loss he had incurred in 2009. Thankfully, he was able to return to his hedge fund management glory in 2013, 2014, and 2015.   Lessons learned Put odds in your favor Nothing is a certainty so always put odds in your favor and not against you. Raoul admits that he should have seen something negative in the market and taken on less risk than he did. Luck doesn’t always strike twice The very thing that has given you the best returns of your life is the very thing that can bite you. Raoul had gone against the crowd several times in 2007 and 2008, and this had made an extraordinary return for him. So understandably, after winning consistently, he became overconfident. He went into that phase thinking, “No, I’m right, I can override this”, even when his framework was telling him that the odds were against him. Yep. This time luck wasn’t on his side.   Andrew’s takeaways Confidence can lead to overconfidence Confidence is something that builds over time as we invest or as we do anything. And unfortunately, confidence sometimes leads to overconfidence. This is one of the most classic behavioral biases that you always have to be careful about. If you’re overconfident, the market will teach you a lesson. Frameworks don’t always work Frameworks work during certain times, and sometimes they don’t. You don’t have to abandon your framework but always question it. Don’t let emotions get in the way It is so easy to get caught up in the emotion of success, the emotion of failure, and the emotion of trying as an investor to take a bet. It’s your job to find something that the rest of the market doesn’t see and take a strong view on it. But sometimes we let our emotions get in the way and we forget to look at things objectively.   Actionable advice Have a framework and use it. Different people have different frameworks that work for them. Stick to your framework, do test it, have faith in it, and understand how it’s going to work.   No. 1 goal for next the 12 months Raoul’s life is currently tied up in Real Vision, and this incredible journey of creating the Netflix of finance. His main goal is to create the world’s best financial video content that’s all about storytelling and engagement. He wants to make finance interesting and unique.   Parting words “You only learn from making mistakes, you can hear me make mistakes, but you’ll only really understand it when you make your own mistakes. So you can make mistakes as long as the size of the trade is right.” Raoul Pal Raoul is encouraging hedge fund investors to take calculated risks and not to be afraid to make mistakes. You’re going to lose money, but you’re going to learn from it.   You can check out Andrew’s books here How to Start Building Your Wealth Investing in the Stock Market My Worst Investment Ever 9 Valuation Mistakes and How to Avoid Them Transform Your Business with Dr. Deming’s 14 Points You can also check out Andrew’s online programs Valuation Master Class Women Building Wealth The Build Your Wealth Membership Group Become a Great Presenter and Increase Your Influence Transform Your Business with Dr. Deming’s 14 Points Connect with Raoul Pal LinkedIn Twitter Website Facebook Connect with Andrew Stotz astotz.com LinkedIn Facebook Instagram Twitter YouTube My Worst Investment Ever Podcast Further reading mentioned Raoul Pal (2014) The End Game     Upcoming on Real Vision is a two-week series of Gold vs Bullion, from 14 October Raoul will be interviewing: Jim Grant Dan Morehead John Hathaway Tom Kaplan Rick Rule During the two weeks Real Vision will be exploring the role of bitcoin and gold as alternative asset classes in a world of ailing monetary regimes and a seemingly unstoppable push toward negative interest rates. In this new world, how can investors preserve their wealth? Does gold remain on top as the ultimate safe haven asset or is bitcoin the new “digital gold”? Raoul will be covering these and plenty of other questions that investors tell us they want the answers to... Special offer For Worst Investment Ever followers, Raoul is also offering a three-month Real Vision subscription for only $1 (limited time only). Here is a link to the landing page    

Following the weak Institute for Supply Management (ISM) number released early last week that sent markets down over 300 points on Tuesday and nearly 500 points on Wednesday, the market got better news on Thursday and Friday. Premier Liu He and top officials will travel to Washington for talks this Thursday and Friday. With the clock running for the October 31 deadline, the EU did not offer any concessions to Boris Johnson on his new Brexit proposal. Also, a look ahead to this week's Economic Reports. Get The Word On Wall Street every Monday and Thursday at 8:25 when RBC Wealth Management's Holly Kennedy joins AM Quad Cities.

Thomas W. Derry is Chief Executive Officer of the Institute for Supply Management® in Tempe, Arizona, and has substantial experience in product development, cross-border acquisitions and foreign joint ventures, strategic restructuring and developing profit-generating strategic alliances. He holds a bachelor of science degree in foreign relations from Georgetown University, is a member of the Dean's Council for the W. P. Carey School of Business at Arizona State University and is a member of the board of directors of the Society for Human Resource Management (SHRM). Institute for Supply Management® (ISM®) is the first and leading not-for-profit supply management organization, with more than 47,000 members worldwide, that delivers market intelligence, certification, training, and professional development to the global market of procurement and supply chain management professionals.

When we hear about ‘fintech’ providers, most of us immediately think of a quickly shifting ad diverse landscape of startups – highly innovative companies, some of which are here today and gone tomorrow. If partnering with a fintech is even on your company’s radar screen, how can procurement develop a reasonable strategy for such an unpredictable industry? I’m joined today by Andy Atkins, a professional commercial contract manager with a decade of experience negotiating and drafting complex financial, information technology and telecommunication agreements. He is an IACCM Certified Contract and Commercial Manager as well as a Certified Professional in Supply Management and Certified Professional in Supplier Diversity by the Institute for Supply Management (ISM). His broad array of industry experience has empowered him to become a subject matter expert in supplier management, including intricate multi-million-dollar transactional agreements. Andy recently authored an article for IACCM’s Contracting Excellence Journal titled, ‘The ‘FinTech Five’ – Mitigate Risk by Focusing on Five Clauses’ (see link below). It caught the attention of the AoP team, and we brought him on the podcast to discuss the fintech industry (and more) for a broader procurement audience. In this conversation, Andy covers points such as: • What is fintech (or financial technology), and how mature are the providers in the market? • How to perform due diligence on startups, regardless of the product or service they provide. • What are the differences between procurement in highly regulated industries such as financial services and pharmaceuticals and managing spend in less regulated industries? • The importance of understanding your customers’ perspective – no matter what industry they are in. • How procurement can be seen as a value-add rather than an internal roadblock by earning the trust of stakeholders and decision makers. --- Today’s discussion does not condone nor condemn the investment, business relationship, acquisition or trading of any equity directly related to a financial technology company or entity. This podcast discussion is strictly for educational purposes and is not for legal or financial advice. The opinions represented here do not necessarily reflect those of Andy’s current or previous employers and Andy is speaking today on his own behalf without further representation.

The market dropped Tuesday due to concerns that the 90-day truce with China on tariffs would not be significant. Strong numbers from the Institute for Supply Management (ISM) headline the latest economic reports.Get The Word On Wall Street every Monday and Thursday at 8:25 when RBC Wealth Management's Holly Kennedy joins AM Quad Cities.

The Purchasing Manager’s Indices have rolled in and rolled up to the high 50’s and low 60’s for most of the largest producer countries around the globe, and previously troubled countries are experiencing upward movement above 50 for their own manufacturing sectors during the current 101-month manufacturing economic expansion, now the 3rd longest economic recovery since the end of WWII.  Senior International Correspondents Norbert Ore and Royce Lowe discuss this positive growth from their respective areas of study on Manufacturing Talk Radio. In addition, refer to the Manufacturing Report on Business(R) and Non-Manufacturing Report on Business(R) issued by the Institute for Supply Management (ISM) earlier this month to round out the picture globally as well as by industry.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.AudioPlayer.embed("audioplayer_84", {soundFile:"http%3A%2F%2Fsupplychaininsights.com%2Fwp-content%2Fuploads%2Fpodcasts%2FHow_Did_We_Screw_Up_Procurement_with_Jim_Barnes_of_ISM-episode_199.mp3"}); In this world where money moves faster electronically, and transactions are automated, why does it take so long for supplier onboarding? And why is the focus on terms versus removing the friction from procurement relationships? In this webcast we interview Jim Barnes, Director of Professional Development at the Institute of Supply Management (ISM), to understand why. In this podcast Jim gives advice for leaders of procurement. Straight Talk With Supply Chain Insights – Podcast episode #199

Much has been written about the fact that the Millennial Generation will make up 50% of the workforce by 2020.  How to attract and retain Millennial professionals is becoming an increasingly important challenge for procurement leaders as large numbers of baby boomers retire by the day. In the first part of today's episode, I connect with M.L. Peck (of the Institute for Supply Management - ISM) and Donna Cicale (of THOMASNET.com).  We talk about the challenge of attracting Millennials into the supply chain and procurement profession, and the 30 Under 30 program that ISM and THOMASNET.com developed to showcase talented and emerging leaders. In the second part of the interview, I sit down with Amy Georgi, a Program Manager responsible for Procurement M&A at Fluke Electronics.  Amy is the current Megawatt Winner of the 30 Under 30 Program.  Firstly, Amy and I talk about procurement's role in facilitating M&A in a manufacturing environment. We then transition into a key pillar of motivation and job satisfaction for Millennial professionals - the ability to have flexibility in their work locations.  From personal experience, this is something the solicits passionate perspectives that vary wildly!  In our conversation, Amy shares tips for procurement leaders faced with employees who want and value location independence, and for professionals on how to stay in touch with the home office when working remotely. For more information, visit: http://artofprocurement.com/30under30 

This week is Big Idea Week on the Art of Procurement - a mini series of shorter interviews with procurement thought leaders ahead of their participation in the Procurious Big Idea Summit. We start the week with a wide ranging conversation with Tom Derry, CEO of the Institute of Supply Management (ISM).  Tom shares his thoughts on CPO priorities, the talent profile necessary to be successful in the evolving world of procurement, and why the use of social media has now become an imperative for procurement professionals. For links and show notes, go to http://artofprocurement.com/tom-derry-ism.  

Since January, we have been airing a series of what you could call informal, off the cuff interviews with a number of executives and experts from various areas of the procurement world, regarding what I would consider to be the three most important questions in our industry for 2015. While there are certainly more questions regarding the procurement world than the ones I will be posing to our guest today, these three have been the most prominant for my listeners and readers. Here are the three questions: 1. In his latest book Dr. Robert Handfield talked about the definite and definitive break between older or past generation procurement professionals and the new, emerging generation. In short, he indicates that everything that has been done and learned in the past will not be useful to this next generation of procurement pros? 2. The emergence of eCommerce and the mobile supply chain - what does it mean in terms of technology, practice and ultimately impact and influence? 3. Is there a difference between the public and private sector procurement practice in this brave new world? Joining me today is Thomas W. Derry, who is Chief Executive Officer of Institute for Supply Management® (ISM)® in Tempe, Arizona.

Earlier this year ThomasNet and the Institute for Supply Management (ISM) announced the winners of their first "30 Under 30 Rising Supply Chain Stars" Recognition Program, a jointly sponsored initiative to advance the future of the supply chain profession. At age 30 or younger, these outstanding professionals have made significant contributions to their organizations, professional associations and the industry at large. Today we welcome two of these young rising stars Leah Halvorson and Wesley Whitney, along with ThomasNet's Kristin Carty to the show as we focus on “why they chose to become procurement professionals, where do they see themselves headed in terms of the future, and what has being part of the 30 Under 30 program meant to them from both a personal and career standpoint.” By the way, and courtesy of Inbound Logistics, you can learn more about these two exceptional young professionals, as well as check out the other Top 30 Under 30 selections by clicking on their names within this program guide.

Linda Rigano, Executive Director of Media Relations of ThomasNet, and M.L. Peck, Senior Vice President of Program and Product Development at ISM, gave listeners an exciting update on the 30 Under 30 Rising Supply Chain Stars program and winners.The January PMI® discussed with Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee.  Purchasing Managers’ Indices (PMI) are economic indicators derived from monthly surveys of private sector companies. The two principal producers of PMIs are Markit Group, which conducts PMIs for over 30 countries worldwide, and the Institute for Supply Management (ISM), which conducts PMIs for the US.

It's no secret. Financial intelligence in ecommerce is a prerequisite for success. The question, though, is are you a pro or an amateur? And how do you know? This is an episode for both the seasoned pro and the amateur. Joe Knight, Founder and Senior Consultant with the Business Literacy Institute, is a highly regarded finance and business literacy keynote speaker and trainer. He trains managers and leaders at Fortune 500 companies such as GE, Comcast-NBCUniversal, Boeing, CVS Caremark, American Express, and United Technologies Corporation (UTC). Joe’s unique ability to combine content with energy and humor make his keynote addresses resounding successes with diverse audiences including the Society for Human Resource Management (SHRM), Construction Industry Institute (CII); National Association of Broadcasters (NAB); The Association of General Contractors; and International Institute for Supply Management (ISM). Joe is co-author of Financial Intelligence, a smart, no-nonsense business finance handbook for managers. The book has been heralded as “the Elements of Style” of finance by CFO.com. Financial Intelligence was featured in The 100 Best Business Books of All Time. The Business Literacy Institute is dedicated to transforming all employees into business people. In today’s business environment, all employees must do more than just their job; they must actively contribute to the financial success of the company. That means everyone must understand how businesses measure success and how they themselves make an impact.   Topics Discussed: Why business business and finance pros focus on the balance sheet and amateurs focus on the income statement. Why the best solution for a growing business is slowing down. The differences between finance and accounting and why that matters to your company's future. The dirty secret that financial professionals don't want you to know. The 5 key ratios you need to check daily, weekly, and monthly to determine if your company is healthy, or if you need to jump ship.   Resources: Financial Intelligence - Joe's Best Selling Book Business Literacy Institute   Subscribe & Review To get more awesome Ecommerce Influence content sent directly to your device and into your ears as they become available, you can easily subscribe by clicking on either one of the subscribe by clicking here. Also, ratings and reviews on iTunes (hopefully 5-stars!) help us tremendously a we’re very grateful for them. We do read all of the reviews and we’ll answer your questions or comments on future episodes. Cheers, Austin & Chad!   Follow on Twitter: Follow @chadvanags Follow @a_brawn

Daniel S. Feiman, MBA, CMC® is the Founder & Managing Director of Build It Backwards, a consulting & training firm based in Redondo Beach, CA. He specializes in three areas: Strategy: Planning & Implementation; Finance: Modeling & Analysis; Process: Lean & Continuous Process Improvement. Mr. Feiman is an internationally recognized seminar leader having worked with a roster of international firms: Hilton Hotels, Mattel, Institute for Supply Management (ISM), Credit Suisse, SEA (Supplier Excellence Alliance), TRW, Reliance (India), PEMEX (México), ARAMCO (Saudi Arabia), University of Manchester (UK), ADNOC (United Arab Emirates), Promigas (Colombia), and more. Mr. Feiman has over 18 years experience in all facets of the traditional & nontraditional banking industry. He has been awarded the CMC© designation by Institute of Management Consultants which is awarded to less than 1% of management consultants.

Daniel S. Feiman, MBA, CMC® is the Founder & Managing Director of Build It Backwards, a consulting & training firm based in Redondo Beach, CA. He specializes in three areas: Strategy: Planning & Implementation; Finance: Modeling & Analysis; Process: Lean & Continuous Process Improvement. Mr. Feiman is an internationally recognized seminar leader having worked with a roster of international firms: Hilton Hotels, Mattel, Institute for Supply Management (ISM), Credit Suisse, SEA (Supplier Excellence Alliance), TRW, Reliance (India), PEMEX (México), ARAMCO (Saudi Arabia), University of Manchester (UK), ADNOC (United Arab Emirates), Promigas (Colombia), and more. Mr. Feiman has over 18 years experience in all facets of the traditional & nontraditional banking industry. He has been awarded the CMC© designation by Institute of Management Consultants which is awarded to less than 1% of management consultants.

Daniel S. Feiman, MBA, CMC® is the Founder & Managing Director of Build It Backwards, a consulting & training firm based in Redondo Beach, CA. He specializes in three areas: Strategy: Planning & Implementation; Finance: Modeling & Analysis; Process: Lean & Continuous Process Improvement. Mr. Feiman is an internationally recognized seminar leader having worked with a roster of international firms: Hilton Hotels, Mattel, Institute for Supply Management (ISM), Credit Suisse, SEA (Supplier Excellence Alliance), TRW, Reliance (India), PEMEX (México), ARAMCO (Saudi Arabia), University of Manchester (UK), ADNOC (United Arab Emirates), Promigas (Colombia), and more. Mr. Feiman has over 18 years experience in all facets of the traditional & nontraditional banking industry. He has been awarded the CMC© designation by Institute of Management Consultants which is awarded to less than 1% of management consultants.

Daniel S. Feiman, MBA, CMC® is the Founder & Managing Director of Build It Backwards, a consulting & training firm based in Redondo Beach, CA. He specializes in three areas: Strategy: Planning & Implementation; Finance: Modeling & Analysis; Process: Lean & Continuous Process Improvement. Mr. Feiman is an internationally recognized seminar leader having worked with a roster of international firms: Hilton Hotels, Mattel, Institute for Supply Management (ISM), Credit Suisse, SEA (Supplier Excellence Alliance), TRW, Reliance (India), PEMEX (México), ARAMCO (Saudi Arabia), University of Manchester (UK), ADNOC (United Arab Emirates), Promigas (Colombia), and more. Mr. Feiman has over 18 years experience in all facets of the traditional & nontraditional banking industry. He has been awarded the CMC© designation by Institute of Management Consultants which is awarded to less than 1% of management consultants.

Daniel S. Feiman, MBA, CMC® is the Founder & Managing Director of Build It Backwards, a consulting & training firm based in Redondo Beach, CA. He specializes in three areas: Strategy: Planning & Implementation; Finance: Modeling & Analysis; Process: Lean & Continuous Process Improvement. Mr. Feiman is an internationally recognized seminar leader having worked with a roster of international firms: Hilton Hotels, Mattel, Institute for Supply Management (ISM), Credit Suisse, SEA (Supplier Excellence Alliance), TRW, Reliance (India), PEMEX (México), ARAMCO (Saudi Arabia), University of Manchester (UK), ADNOC (United Arab Emirates), Promigas (Colombia), and more. Mr. Feiman has over 18 years experience in all facets of the traditional & nontraditional banking industry. He has been awarded the CMC© designation by Institute of Management Consultants which is awarded to less than 1% of management consultants.