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company endeavor Index at 57.three%; New Orders Index at fifty four.3%; Employment Index at 56.three% TEMPE, Ariz., Jan. 5, 2018 /PRNewswire/ -- economic exercise in the non-manufacturing sector grew in December for the 96th consecutive month, say the nation's procuring and provide executives within the newest Non-Manufacturing ISM® file On company®. The file turned into issued these days through Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for provide administration [® ] (ISM [®] ) Non-Manufacturing enterprise Survey Committee: "The NMI [®] registered 55.9 p.c, which is 1.5 percentage elements lessen than the November studying of fifty seven.four %. This represents endured increase in the non-manufacturing sector at a slower expense. The Non-Manufacturing business endeavor Index lowered to 57.three %, 4.1 percent features decrease than the November reading of 61.four %, reflecting increase for the a hundred and first consecutive month, at a slower price in December. the brand new Orders Index registered 54.3 p.c, four.4 percentage aspects lessen than the analyzing of 58.7 % in November. The Employment Index expanded 1 percent aspect in December to fifty six.three % from the November analyzing of fifty five.three %. The prices Index elevated through 0.1 percentage point from the November reading of 60.7 p.c to 60.eight percent, indicating that expenditures multiplied in December for the seventh consecutive month. in keeping with the NMI®, 14 non-manufacturing industries mentioned growth. there was a second consecutive month of pullback in the price of increase. overall, nearly all of respondents' comments indicate that they comprehensive the 12 months on a positive note. They also indicate optimism for enterprise conditions and the economic outlook going forward."
trade efficiency The 14 non-manufacturing industries reporting growth in December — listed in order — are: Retail change; Utilities; Arts, entertainment & endeavor; different capabilities; fitness Care & Social assistance; accommodation & meals services; Finance & assurance; actual estate, condo & Leasing; Transportation & Warehousing; Mining; development; Wholesale exchange; Public Administration; and skilled, Scientific & Technical services. The three industries reporting contraction in December are: counsel; educational services; and administration of corporations & support features.
WHAT RESPONDENTS ARE saying…
ISM® NON-MANUFACTURING SURVEY outcomes AT a look
evaluation OF ISM® NON-MANUFACTURING AND ISM® MANUFACTURING SURVEYS*
growing to be
turning out to be
one hundred and one
turning out to be
one zero one
Backlog of Orders
From transforming into
New Export Orders
overall EconomyNon-Manufacturing Sector
growing to be
one hundred and one
*Non-Manufacturing ISM® document On company® records is seasonally adjusted for the business undertaking, New Orders, fees and Employment Indexes. Manufacturing ISM® file On enterprise® facts is seasonally adjusted for brand new Orders, production, Employment and organisation Deliveries.
**variety of months relocating in existing course.
COMMODITIES said UP/DOWN IN rate, AND briefly provide
Commodities Up in price Sir Francis Bacon; Copper products (5); #1 Diesel gasoline (7); #2 Diesel gas (5); Eggs; gasoline* (5); Labor — building (10); Lumber items* (6); herbal fuel (2); Paper (2); PVC products; Resin; steel items (three); and Tomatoes.
Commodities Down in price fuel*; and Lumber products*.
Commodities in short deliver building Contractors; Groundwood (2); IV options (5); Labor (5); Labor — building (21); and Labor — temporary (4); Lumber items; and Transportation functions.
word: The number of consecutive months the commodity is listed is indicated after each merchandise. *indicates each up and down in cost.
DECEMBER 2017 NON-MANUFACTURING INDEX SUMMARIES
NMI [®] In December, the NMI [®] registered fifty five.9 %, 1.5 percent points decrease than the 57.four percent registered in November, indicating persisted growth in the non-manufacturing sector for the 96th consecutive month. A analyzing above 50 % indicates the non-manufacturing sector economic climate is frequently expanding; below 50 % suggests the non-manufacturing sector is frequently contracting.
An NMI [® ] above 48.9 p.c, over a period of time, generally shows a ramification of the average economic climate. hence, the December NMI [®] suggests increase for the a hundred and first consecutive month within the ordinary economic system, and shows expansion in the non-manufacturing sector for the 96th consecutive month. Nieves says, "The past relationship between the NMI [®] and the typical financial system indicates that the NMI [®] for December (fifty five.9 p.c) corresponds to a 2.7 p.c raise in real gross home product (GDP) on an annualized groundwork."
NMI [®] historical past
can also 2017
average for 365 days – 57.0
excessive – 60.1
Low – 53.9
company pastime ISM [®] 's enterprise exercise Index registered 57.3 % in December, a decrease of four.1 percent elements from the November analyzing of sixty one.4 p.c. This represents boom in business undertaking for the a hundred and first consecutive month. Ten industries reported multiplied business recreation and seven industries mentioned lowered endeavor for the month of December. feedback from respondents consist of: "financial outlook encouraging" and "Seasonal demand increasing because of the vacations."
the 10 industries reporting boom of business endeavor in December — listed in order — are: Utilities; Retail change; Arts, entertainment & endeavor; different features; fitness Care & Social suggestions; accommodation & meals services; Transportation & Warehousing; Finance & assurance; real property, apartment & Leasing; and Public Administration. The seven industries reporting a decrease in business undertaking in December — listed in order — are: academic functions; counsel; Mining; management of organizations & aid capabilities; Wholesale alternate; expert, Scientific & Technical features; and construction.
New OrdersISM [®] 's Non-Manufacturing New Orders Index registered 54.3 p.c, a lessen of 4.four percent points from the November studying of fifty eight.7 percent. December represents boom in new orders for the a hundred and first consecutive month, at a slower rate compared with November. comments from respondents consist of: "We continue to add new enterprise with existing valued clientele and add new consumers" and "end-of-yr spending."
The nine industries reporting boom of new orders in December — listed so as — are: Retail exchange; Finance & coverage; health Care & Social assistance; Utilities; other functions; real estate, condominium & Leasing; Transportation & Warehousing; lodging & meals features; and building. The seven industries reporting a lower in enterprise endeavor in December — listed in order — are: educational functions; management of groups & support features; information; Public Administration; Wholesale alternate; skilled, Scientific & Technical services; and Mining.
Employment Employment exercise within the non-manufacturing sector grew in December for the forty sixth consecutive month. ISM [®] 's Non-Manufacturing Employment Index registered 56.three percent, which reflects a rise of 1 percentage point when compared to the November analyzing of fifty five.three percent. Twelve industries said multiplied employment and three industries said lowered employment. comments from respondents consist of: "New boom is inflicting new work and employee growth" and "New hiring initiatives."
The 12 industries reporting a rise in employment in December — listed so as — are: academic features; Arts, enjoyment & recreation; Retail trade; different capabilities; administration of groups & guide capabilities; Public Administration; building; lodging & meals services; Finance & insurance; health Care & Social suggestions; Wholesale exchange; and true property, condominium & Leasing. The three industries reporting a discount in employment in December are: suggestions; skilled, Scientific & Technical capabilities; and Mining.
service provider Deliveries supplier deliveries had been slower in December for the twenty fourth consecutive month. The index registered fifty five.5 %, which is 1.5 percent elements greater than the fifty four % that turned into registered in November. A studying above 50 percent shows slower deliveries, while a reading beneath 50 percent suggests sooner deliveries. feedback from respondents encompass: "more non-stock gadgets being introduced" and "break periods delay deliveries."
The eight industries reporting slower deliveries in December — listed in order — are: Mining; Wholesale trade; knowledgeable, Scientific & Technical services; lodging & meals capabilities; fitness Care & Social advice; Public Administration; building; and Finance & assurance. The 4 industries reporting faster deliveries in December are: Retail change; other functions; tips; and management of groups & assist capabilities. Six industries reported no change in company deliveries in December compared to November.
Inventories ISM [®] 's Non-Manufacturing Inventories Index grew in December for the ninth consecutive month and registered fifty three.5 %, 1 percentage element lessen than the fifty four.5 percent that was said in November. Of the total respondents in December, 30 p.c indicated they will not have inventories or don't measure them. comments from respondents consist of: "adding products to inventory" and "greater to support extended sales."
The seven industries reporting an increase in inventories in December — listed so as — are: Retail change; Wholesale exchange; true property, condominium & Leasing; different features; Public Administration; Finance & assurance; and accommodation & food features. The 4 industries reporting decreases in inventories in December are: professional, Scientific & Technical functions; Utilities; development; and assistance.
expenditures prices paid through non-manufacturing agencies for bought materials and functions accelerated in December for the seventh consecutive month. ISM [®] 's Non-Manufacturing expenditures Index registered 60.8 %, 0.1 percentage factor bigger than the 60.7 p.c stated in November. Twenty-one percent of respondents pronounced greater prices, 72 percent indicated no change in expenses paid and seven % of respondents reported lower costs.
The 13 non-manufacturing industries reporting a rise in costs paid all through the month of December — listed in order — are: Agriculture, Forestry, Fishing & searching; Wholesale trade; management of businesses & help features; different features; accommodation & meals services; development; health Care & Social suggestions; Mining; Transportation & Warehousing; Finance & insurance; tips; skilled, Scientific & Technical capabilities; and Public Administration. No industry said a lower in expenditures paid right through the month of December.
notice: Commodities stated as up in cost and down in rate are listed in the commodities part of this report.
Backlog of Orders ISM [®] 's Non-Manufacturing Backlog of Orders Index indicates that order backlogs were unchanged in December. The index registered 50 percent, which is 1.5 percentage elements lower than the 51.5 p.c stated in November. Of the total respondents in December, 34 % indicated they do not measure backlog of orders.
The eight industries reporting a rise in order backlogs in December — listed so as — are: Utilities; administration of organizations & support capabilities; lodging & food capabilities; construction; Transportation & Warehousing; Finance & assurance; Wholesale trade; and knowledgeable, Scientific & Technical features. The 5 industries reporting a lower so as backlogs in December are: counsel; fitness Care & Social advice; other capabilities; Mining; and Retail exchange.
Backlog of Orders
New Export Orders Orders and requests for services and different non-manufacturing actions to be offered outside of the U.S. via domestically based mostly personnel grew in December for the 11th consecutive month at a slower price. the brand new Export Orders Index registered fifty six.5 percent, which is 0.5 percent aspect reduce than the fifty seven percent reported in November. Of the whole respondents in December, sixty four p.c indicated they both do not operate, or do not one after the other measure, orders for work backyard of the U.S.
the ten industries reporting an increase in new export orders in December — listed in order — are: construction; Mining; Retail change; Finance & insurance; other features; true property, rental & Leasing; Transportation & Warehousing; skilled, Scientific & Technical features; guidance; and accommodation & food services. No trade mentioned a lower in exports. Six industries mentioned no alternate in December compared to November.
New Export Orders
Imports The Imports Index studying of fifty two.5 p.c is the same as what became stated in November. Fifty-one p.c of respondents reported that they do not use, or don't track using, imported substances.
The 5 industries reporting an increase in imports for the month of December are: building; Retail change; Transportation & Warehousing; accommodation & meals services; and Wholesale exchange. the two industries reporting a lessen in imports within the month of December are: assistance; and expert, Scientific & Technical features. nine industries reported no exchange in December compared to November.
inventory Sentiment The ISM [®] Non-Manufacturing stock Sentiment Index in December registered 62.5 percent, which is 6.5 percentage facets higher than the studying of 56 p.c suggested in November. This shows that respondents trust their inventories are nevertheless too high at present. In December, 29 p.c of respondents pointed out their inventories have been too excessive, 4 percent of the respondents noted their inventories were too low, and 67 percent referred to their inventories had been about appropriate.
The 11 industries reporting a sense that their inventories were too high in December — listed so as — are: Mining; counsel; Utilities; actual property, apartment & Leasing; Finance & coverage; Wholesale exchange; construction; Retail exchange; different capabilities; Public Administration; and knowledgeable, Scientific & Technical capabilities. The handiest industry reporting a sense that its inventories have been too low in December compared with November is health Care & Social assistance.
About This report don't CONFUSE THIS national file with the numerous regional purchasing studies launched throughout the country. The country wide file's tips reflects the entire U.S., whereas the regional experiences comprise primarily regional records from their native vicinities. additionally, the counsel in the regional reviews is not utilized in calculating the effects of the countrywide file. The assistance compiled during this file is for the month of December 2017.
The information introduced herein is obtained from a survey of non-manufacturing provide executives according to counsel they have collected inside their respective companies. ISM [®] makes no illustration, apart from that stated inside this free up, involving the individual enterprise statistics assortment techniques. The data may still be in comparison to all different economic facts sources when used in resolution-making.
information and components of Presentation The Non-Manufacturing ISM® record On enterprise® is in response to information compiled from procuring and provide executives nationwide. Membership of the Non-Manufacturing business Survey Committee is assorted by means of NAICS, in accordance with every trade's contribution to gross domestic product (GDP). The Non-Manufacturing company Survey Committee responses are divided into the following NAICS code classes: Agriculture, Forestry, Fishing & searching; Mining; Utilities; construction; Wholesale change; Retail trade; Transportation & Warehousing; assistance; Finance & insurance; true property, apartment & Leasing; knowledgeable, Scientific & Technical features; management of agencies & aid features; academic capabilities; fitness Care & Social counsel; Arts, amusement & recreation; accommodation & meals services; Public Administration; and other capabilities (capabilities akin to machine & machinery Repairing; promoting or Administering non secular activities; Grantmaking; Advocacy; and featuring Dry-cleaning & Laundry capabilities, very own Care services, death Care services, Pet Care functions, Photofinishing capabilities, brief Parking capabilities, and relationship capabilities).
Survey responses replicate the exchange, if any, in the present month compared to the previous month. For every of the symptoms measured (enterprise recreation, New Orders, Backlog of Orders, New Export Orders, stock exchange, stock Sentiment, Imports, expenses, Employment and organization Deliveries), this record indicates the percent reporting every response and the diffusion index. Responses symbolize uncooked statistics and are in no way changed. statistics is seasonally adjusted for enterprise undertaking, New Orders, expenditures and Employment. All seasonal adjustment components are subject yearly to relatively minor alterations when situations warrant them. The closing indexes haven't indicated tremendous seasonality.
The NMI [®] (Non-Manufacturing Index) is a composite index based on the diffusion indexes for 4 of the symptoms with equal weights: business exercise (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and service provider Deliveries. Diffusion indexes have the residences of leading warning signs and are convenient summary measures showing the prevailing route of change and the scope of change. An index analyzing above 50 p.c shows that the non-manufacturing economic system is frequently increasing; under 50 p.c suggests that it is frequently declining. corporation Deliveries is an exception. A organisation Deliveries Index above 50 % shows slower deliveries and under 50 % shows faster deliveries.
An NMI [® ] above forty eight.9 %, over a duration of time, suggests that the general economic climate, or gross home product (GDP), is often expanding; beneath 48.9 percent, it is generally declining. the space from 50 percent or forty eight.9 percent is indicative of the power of the enlargement or decline.
The Non-Manufacturing ISM® document On enterprise® survey is distributed out to Non-Manufacturing enterprise Survey Committee respondents the first a part of each and every month. Respondents are requested to most effective file on tips for the existing month. ISM [®] receives survey responses all over most of any given month, with the vast majority of respondents generally ready unless late within the month to put up responses with a purpose to give the most accurate picture of current business recreation. ISM [®] then compiles the file for unencumber on the third business day of right here month.
The industries reporting growth, as indicated within the Non-Manufacturing ISM® document On business® monthly document, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, these are listed within the order of the optimum degree of contraction/decrease to the least stage of contraction/reduce.
ISM ROB content The Institute for provide administration [®] ("ISM") document On enterprise [®] (each Manufacturing and Non-Manufacturing) ("ISM ROB") consists of suggestions, textual content, information, photos, video, sounds, musical works, works of authorship, applications, and every other materials or content material (mutually, "content") of ISM ("ISM ROB content material"). ISM ROB content material is covered with the aid of copyright, trademark, exchange secret, and different laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB content. ISM hereby promises you a limited, revocable, nonsublicensable license to access and reveal for your individual equipment the ISM ROB content material (apart from any application code) fully on your own, non-business use. The ISM ROB content shall also comprise content of clients and other ISM licensors. except as provided herein or as explicitly allowed in writing through ISM, you shall now not reproduction, download, flow, trap, reproduce, duplicate, archive, upload, alter, translate, submit, broadcast, transmit, retransmit, distribute, perform, screen, sell, or in any other case use any ISM ROB content.
apart from as explicitly and expressly permitted through ISM, you are strictly prohibited from developing works or materials (including, but now not restrained to: tables, charts, datastreams, timeseries variables, fonts, icons, link buttons, wallpaper, computer topics, on line postcards, montages, mash-americaand identical videos, greeting cards, and unlicensed merchandise) that derive from or are in keeping with the ISM ROB content material. This prohibition applies despite no matter if the spinoff works or substances are sold, bartered, or given away. You shall now not both at once or through the use of any gadget, application, cyber web web site, net-primarily based provider, or other means get rid of, alter, skip, avoid, interfere with, or evade any copyright, trademark, or other proprietary notices marked on the content material or any digital rights administration mechanism, machine, or other content insurance plan or entry control measure associated with the content material including geo-filtering mechanisms. devoid of prior written authorization from ISM, you shall now not build a business using the content material, even if or not for earnings.
You shall now not create, recreate, distribute, comprise in different work, or advertise an index of any portion of the content material unless you obtain prior written authorization from ISM. Requests for permission to reproduce or distribute ISM ROB content material can be made through contacting in writing at: ISM analysis, Institute for provide administration, 309 W. Elliot highway, Suite 113, Tempe, AZ 85284-1556, or by using emailing firstname.lastname@example.org; field: content Request.
ISM shall now not have any liability, responsibility, or responsibility for or regarding the ISM ROB content or other counsel contained herein, any errors, inaccuracies, omissions or delays in proposing any ISM ROB content material, or for any actions taken in reliance thereon. In no adventure shall ISM be chargeable for any particular, incidental, or consequential damages, bobbing up out of the use of the ISM ROB. document On business [®] , PMI [®] , and NMI [®] are registered logos of Institute for give administration [®] . Institute for deliver administration [®] and ISM [®] are registered logos of Institute for give administration, Inc.
About Institute for give administration® Institute for provide management [®] (ISM [®] ) serves deliver management specialists in additional than ninety international locations. Its 50,000 contributors all over manipulate about US$1 trillion in corporate and govt provide chain procurement annually. based in 1915 as the first give administration institute on the planet, ISM is dedicated to advancing the follow of give management to drive value and aggressive talents for its contributors, contributing to a prosperous and sustainable world. ISM leads the occupation through the ISM record On business [®] , its highly regarded certification programs and the ISM Mastery model [®] . This file has been issued with the aid of the affiliation due to the fact that 1931, except for a four-year interruption all the way through World warfare II.
the full textual content version of the Non-Manufacturing ISM® report On company® is posted on ISM [®] 's web site at www.ismrob.org on the third enterprise day* of every month after 10:00 a.m. ET.
The next Non-Manufacturing ISM® report On business® that includes the January 2018 facts will be released at 10:00 a.m. ET on Monday, February 5, 2018.
*unless the NYSE is closed.
document On company® Analyst
ISM®, ROB/analysis supervisor
View fashioned content material with multimedia:http://www.prnewswire.com/news-releases/nmi-at-559-december-non-manufacturing-ism-record-on-company-300577900.html
source Institute for supply administration
Copyright (C) 2018 PR Newswire. All rights reserved
posted on 05 February 2019
Written with the aid of Steven Hansen
The ISM non-manufacturing (aka ISM features) index and the Markit PMI services Index continued their growth cycle but declined.
Analyst Opinion of the ISM and Markit capabilities Survey
each features surveys are in growth - however declined this month.
From Econoday:Consensus diversityConsensus accurateMarkit amenitiesfifty four.0 to fifty four.2 fifty four.2 fifty four.2 ISM facilitiesfifty six.0 to fifty eight.0 fifty seven.1 56.7 Joint-weakest upward thrust in new enterprise due to the fact October 2017
economic pastime within the non-manufacturing sector grew in January for the 108th consecutive month, say the nation's purchasing and supply executives in the newest Non-Manufacturing ISM® file On business®.
The report became issued nowadays via Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for give management® (ISM®) Non-Manufacturing company Survey Committee: "The NMI® registered fifty six.7 p.c, which is 1.three percent features lessen than the December reading of fifty eight %. This represents persisted boom in the non-manufacturing sector, at a slower rate. The Non-Manufacturing company undertaking Index diminished to 59.7 %, 1.5 percent features decrease than the December reading of 61.2 percent, reflecting growth for the 114th consecutive month, at a slower fee in January. the new Orders Index registered 57.7 %, 5 percent features reduce than the reading of 62.7 p.c in December. The Employment Index elevated 1.2 percent features in January to fifty seven.8 p.c from the December studying of 56.6 percent. The expenditures Index extended 1.4 percent elements from the December analyzing of fifty eight p.c to fifty nine.four %, indicating that expenditures increased in January for the 20th consecutive month. based on the NMI®, eleven non-manufacturing industries said increase. The non-manufacturing sector's growth rate cooled off in January. Respondents are involved about the impacts of the executive shutdown but continue to be by and large optimistic about universal business circumstances."
The 11 non-manufacturing industries reporting increase in January — listed so as — are: Transportation & Warehousing; health Care & Social advice; Mining; accommodation & food functions; Wholesale exchange; Finance & insurance; Utilities; real property, condo & Leasing; building; knowledgeable, Scientific & Technical functions; and Public Administration. Seven non-manufacturing industries stated contraction in January in here order: Retail exchange; academic services; information; Agriculture, Forestry, Fishing & looking; Arts, leisure & activity; administration of corporations & aid features; and other features.ISM capabilities Index
There are two sub-indexes in the ISM features which have first rate correlations to the economy - the company activity Index and the brand new Orders Index - each have respectable tune statistics in spotting an incipient recession - both closing in territories associated with growth.
This index and its linked sub-indices are relatively risky.
The comprehensive ISM manufacturing and non-manufacturing survey desk is beneath.
Econintersect does supply critical consideration to this survey as the provider sector money owed for 80% of the economy and 90% of employment. however, this an opinion survey and is not hard statistics.Caveats on the use of ISM Non-Manufacturing Index:
here is a survey, a quantification of opinion. despite the fact, as cited above, certain points of this survey have good to unbelievable correlation to the economic climate for as lengthy because it has been in existence. Surveys lead tough information by means of weeks to months, and can give early insight into changing situations.
The leading ISM non-manufacturing index (NMI) is so new that it doesn't have adequate statistics historical past to have reputable certainty about the way it correlates to the economy. once again, two sub-indices (business undertaking and new orders) do have good correlation for the confined historical past purchasable.
No survey is accurate in projecting employment - and the ISM Non-Manufacturing Employment Index isn't any exception. despite the fact there are some widespread correlation in trends if you stand far satisfactory again from this graph, month-to-month movements haven't correlated smartly with the BLS carrier Sector Employment data.
The ISM non-manufacturing survey does not collect a composite index like its manufacturing cousin. The business undertaking index, which is in fact corresponding to the construction index within the manufacturing survey, is broadly adopted because the key determine from this survey.
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Company:Texas Municipal Retirement System
Our client, Texas Municipal Retirement System (TMRS), is seeking a Deputy Director for Administrative Services, a newly created position. The position has been created to provide additional succession planning bench strength to the TMRS management team, and has the potential to be considered for the Executive Director position in the future. TMRS is a statewide agent multiple-employer public employee retirement system that provides retirement, disability, and death benefits to employees. As a hybrid defined benefit plan, TMRS members contribute at a designated rate toward their own retirement benefit. TMRS is located in Austin, Texas and employs a staff of 116. As of 12/31/2017 the funded status was 87.4%.
The Deputy Director for Administrative Services (DDAS) reports directly to the Executive Director and is responsible for assisting in the top management of the organization; directly overseeing assigned operational departments, programs, staff and/or functions. The DDAS is also responsible for creating a centralized procurement process and assessing the enterprise risk management function, which may include implementation and oversight if brought forward. This role will have three direct reports and oversee approximately 35 indirect reports.
• Bachelor’s degree from an accredited college or university, with a preference for business, finance, or computer science major; Master’s degree in Business Administration (MBA) or other related field is preferred.
• Significant progressive leadership experience (ideally a minimum of ten years), three years of which involved overseeing related administrative operations; experience in the pension industry is preferred.
• Proven ability to provide effective leadership in a broad range of organizational functions; excellent oral and written communication skills with demonstrated ability to formulate and effectively communicate a vision.
• Demonstrated ability to ensure the organization’s investment in information technology is maximized.
Detailed Position Specifications are available by clicking the link below:https://eflassociates.cbiz.com/Portals/2/Denver/TMRS_Final_Pos_Specs.pdf
EFL Associates, an executive search firm, is assisting TMRS in this search. Please APPLY to Lauren McElderry at email@example.com.
The market for supplier relationship management and risk solutions is broad and fragmented. Procurement organizations have their choice of point solutions for single areas of the supplier management lifecycle, broader suites that provide SRM capability as one module among many, and consulting firms and service providers that offer technology as an add-on to engagements, to name a few options. As a rule, however, there is no single firm that provides a comprehensive solution to all components of supplier management. Instead, they tend to focus either on several related components (e.g., supplier information management, on-boarding and master data management) or specialize in a specific area, positioning their technology as a tailormade solution to a subset of SRM pain points faced by procurement organizations.
The latter strategy is how SupplyHive, a one-year-old vendor out of Chicago and San Francisco, has approached designing and marketing its software for supplier performance reviews. Aware that procurement organizations have handled this essential step in the supplier management process either through minimally supportive survey functionality in P2P and S2P suites or, more commonly, through enormous spreadsheets, SupplyHive set out to create a tool for evaluating employee satisfaction with indirect suppliers that could gather and analyze needed data about supplier performance while offering a streamlined, B2C-like consumer experience.
To oversimplify, it’s Yelp for suppliers.
But even with that seemingly simple concept, SupplyHive has managed, through savvy UX/UI design and an apt use of natural language processing (NLP), to build a supplier performance review solution that addresses an acute set of pain points quickly, easily and relatively cheaply — with clients such as Abbott and Sprint signing on as early adopters.
This Spend Matters PRO Vendor Introduction offers a candid take on SupplyHive and its capabilities. The brief includes an overview of SupplyHive’s offering, a breakdown of what is comparatively good (and not so good) about the solution, a SWOT analysis and a selection requirements checklist for companies that might consider the provider.For full access to this PRO content:
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