Institute for Supply Management
Advancing the purchasing and supply management profession through education and development.
December 17, 2005
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Glossary of Key Purchasing and Supply Terms Term of the Day:

HAZARDOUS MATERIALS
Materials that have been determined by the U.S. Department of Transportation (DOT) to be a risk to health, safety, and property. The term includes such items as explosives, flammables, poisons, corrosives, and radioactive materials. These materials must be packaged, labeled, handled, and transported according to stringent regulations from several agencies. International shipments must comply with docket HM-181, where the term "dangerous goods" is often used interchangeably with hazardous materials.


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REGIONAL BUSINESS SURVEY REPORTS —


For the Month of March 2005:
Region Economy Main Index Comments
Arizona Expanding 70.4 Employment and Production increase.
Boston Expanding 52.4 Expansion slows.
Buffalo Expanding 61.1 Production, New Orders, Employment expand.
Chicago Expanding 69.2 Employment soars to 66.
Denver Expanding 62.5 Production and New Orders increase in Manufacturing.
Denver Expanding 53.7 Upward trend continues in Non-Manufacturing.
Detroit Expanding 52.6 Expansion slows from February.
Houston Expanding 58.2 Purchases and employment increase; production slows.
New York Expanding 58.3** Business Conditions Index expands at slower rate.
Northwest Ohio Expanding 62.1 Confidence in local manufacturing sector remains high.
W. Washington Expanding 65.8 Expansion slows; 90-day forecast drops to 63.9.

* These regional business survey reports use 0 (zero) as their breakeven point when referring to their main business conditions index. The national report and the other regional reports listed use 50 percent as their breakeven point.

** This index is a weighted average of the manufacturing and non-manufacturing sectors.

*** This index is a weighted average of the non-manufacturing sector.

 


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