Manufacturing Has Recovered: Vendor Performance a Growing Problem

Tue, 02/01/2011 - 14:19 EDT - Busiconomics

It was an ugly recession, but manufacturing has now fully recovered, based on the survey from the Institute for Supply Management (formerly called the Purchasing Managers Survey.)

Note also that this index is not a direct measure of production, but an index based on a number of production-related survey questions.
One important business implication is to pay attention to vendor performance, as we said in one of our series, 11 Business Challenges in 2011.
ISM Slow Deliveries
Read how to manage vendor performance in the economic recovery.

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World manufacturing ends 2013 on a strong note
NEW YORK/LONDON/BEIJING — Global manufacturing ended 2013 on a strong note, as major exporters like the United States, Japan and Germany all saw demand pick up, although China’s performance remained modest, surveys showed on Thursday. Years of loose monetary policy, along with soaring stock markets, appear to be bolstering economic confidence. That bodes well for a global economy that has struggled to shake off the effects of financial crisis and recession.
Economy in Recovery: Will Vendor Performance Limit Your Rebound?
The latest news is the more and more purchasing managers are reporting slower delivery times from their vendors. The spike is quite pronounced, matching many of the historic peaks.
Eurozone appears to finally exit recession, but recovery to remain ‘excruciatingly slow’
The euro-area economy probably edged back to growth last quarter for the first time since 2011, ending the longest recession since the single currency union started 14 years ago.
Economic Growth Momentum Is Fading
Has the Recession Started?
One Eyed Guide submits: That was one ugly Friday for economic reports. Among the slew of bad reports, the Reuters/Michigan Survey of Consumers declined so much that the survey director, Richard Curtin, stated: "Whenever the Expectations Index has been this low in the past, the economy has been in recession."Has the recession started?
ISM Non-Manufacturing Index indicates slightly faster expansion in May
Note: The traffic this morning overwhelmed the graph server. I'm working with the provider, and it appears everything is OK now. Here is the Employment graph gallery.The May ISM Non-manufacturing index was at 54.6%, up from 52.8% in April. The employment index increased in May at 54.0%, up from 51.9% in April. Note: Above 50 indicates expansion, below 50 contraction.
11 Business Challenges in 2011: Vendor Performance in the Economic Recovery
Vendor performance was an emerging issue in 2010 and will become a problem for more businesses in 2011. If you got through last year without any difficulties, don’t be sure that you’ll be so lucky this year. If you did work through some issues last year, you may find that they worsen soon or that your solutions don’t “stick.” All companies that need other firms for critical supplies or services should analyze their situations.
Strong Manufacturing Growth Reported in Purchasing Managers Index
Steven Hansen submits:The Institute of Supply Management released their February 2010 report on manufacturing showing a “less good” improvement in manufacturing. Norbert J. Ore, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee stated:

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Manufacturing Has Recovered: Vendor Performance a Growing Problem

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