Episode 257: Two Crucial Reports: The ISM’s Manufacturing and Non-Manufacturing Reports

The ISM Manufacturing Report On Business
Tim Fiore, committee chair for the ISM’s Manufacturing Report on Business updates hosts Lew Weiss and Tim Grady on the PMI (Purchasing Manager’s Index) number that is tallied every month, along with an in-depth analysis of new orders, production, employment, supplier deliveries, inventories, customer inventories, prices, backlog of orders, new export orders and imports.

PLUS

The ISM Non-Manufacturing Report On Business

Join hosts Lew Weiss and Tim Grady as they discuss with ISM Committee Chair Anthony Nieves the Non-Manufacturing Report on Business(R) that includes 18 non-manufacturing industries: Mining; Utilities; Retail Trade; Educational Services; Wholesale Trade; Construction; Transportation & Warehousing; Public Administration; Agriculture, Forestry, Fishing & Hunting; Real Estate, Rental & Leasing; Finance & Insurance; Other Services; Arts, Entertainment & Recreation; Management of Companies & Support Services; Professional, Scientific & Technical Services; Accommodation & Food Services; Information; and Health Care & Social Assistance.

MEET YOUR HOST

Lewis Weiss

Mr. Lewis Weiss is Host of Manufacturing Talk Radio and President of All Metals & Forge Group, the principal sponsor of the show. He has 60 years in the metals industry as a manufacturer of open die forgings and seamless rolled rings, running a business that sells forged products globally to OEMs, major manufacturers, mid-size first- and second-tier suppliers, and small metalworking companies. Lewis Weiss puts his experience in manufacturing to good use as an expert consultant on various TV and radio programs nationwide.

Tim Grady

Mr. Tim Grady is an Executive Producer and Co-host of Manufacturing Talk Radio. He brings more than 25 years of knowledge as a senior strategist and business advisor to companies of all sizes in more than thirty industries, advising them on revving up revenues, macro and micro marketing, strategic selling, organization optimization, website ergonomics, data mining, and other external or internal factors that can accelerate or impede business operations and net profit.

SPECIAL GUEST

Timothy Fiore is Chair of the ISM Manufacturing Business Survey Committee. In that role, he is responsible for compiling, writing and releasing the ISM® Manufacturing Report On Business®, based on the survey results of a panel of supply management professionals across 18 different industry sectors. The Report On Business® is released on the first business day of each month, and features the world renowned PMI® Index as its key measure.

Prior to his current role, Fiore was the Chief Procurement Officer of ThyssenKrupp NA. He was responsible for developing and implementing ThyssenKrupp’s first consolidated North American supply management program initially addressing indirect and transportation cost, procurement processes, systems, tools and supply-chain employee development. His organization supported all of ThyssenKrupp’s operating companies in the United States, Canada and Mexico, as well as the company’s regional headquarters. Through collaboration, teamwork and deployment of effective competition among the TK Global, Regional and Business Area supply management organizations, ThyssenKrupp NA will realize the benefits of mass and scale in the Region.

In his position, Fiore drew on extensive experience in designing and optimizing supply chains, including serving as senior vice president of supply management at Terex Corporation and Celanese Corporation. He also was senior vice president of supply management and chief procurement officer at Ryder System, Inc. and president of Ryder Energy Distribution Company. Prior to joining Ryder, Fiore spent more than 20 years at United Technologies Corporation companies in a series of procurement and supply chain management capacities.

Fiore is the past Chair of the Board of Advisors of CAPS Research as well as a past board director for the Institute for Supply Management (ISM). He served on the Finance Committee as Chair and as a member of the Nominating Committee. He has been a member of The Conference Board’s Purchasing and Supply Leadership Council and a member of Howard University Business School’s Supply Chain Advisory Board. He also is an adviser to ISM affiliate ISM-Connecticut, Inc. and ISM Greater Boston and has been a jury member for the European Business School and Supply Management Institute’s professional development program. He is also a Richter Scholar Mentor.

Fiore holds a master’s in business administration with a technology focus and a master’s degree in management from Rensselaer Polytechnic Institute and a bachelor’s degree in history from the University of Massachusetts in Amherst.

**Anthony Nieves** is the Chief Executive Officer of a Home Health Agency – Five Star Home Health, Inc. As a leading home health care agency in Southern California, Five Star Home Health, Inc., provides comprehensive medical care and support for patients with chronic diseases and post-acute care needs. Nieves is also the Principal and Sole Managing Member of Riviera Hospitality, LLC – A 141 seat white tablecloth restaurant and lounge serving Italian and international fare. Additionally he is the Principal of Convergence Investments, LLC – a diverse investment strategy company with a concentration in the services sector. Included in this are supply management consulting, healthcare and hospitality management.

Nieves is also the former Chief Procurement Officer and Senior Vice President of Supply Management for Hilton Worldwide. Nieves and was responsible for end-to-end supply management services and solutions for all properties within the Hilton portfolio. A purchasing and supply management veteran for 25+ years, Nieves’ past experiences include wholesale distribution and full service restaurant management.

A recognized leader within the supply management and hospitality industries, Nieves is the 2010 recipient of the J. Shipman Gold Medal Award which is presented annually to an individual who has made a major contribution to the profession, to the Institute for Supply Management, and to his or her community. Contributions include leadership, influencing the positive recognition of the profession, publishing and teaching. It is the highest award that can be conferred by Institute for Supply Management (ISM).

Nieves serves as the chair for Non-Manufacturing Business Survey Committee for the Institute for Supply Management (ISM). In this role he facilitates the analysis for the monthly Non-Manufacturing Report on Business. He is the past chair of the board of directors for ISM and is the Chair Emeritus for the Purchasing Manager’s Executive Study Group of the National Restaurant Association (NRA). Nieves is the past chairperson of The Conference Board’s Purchasing and Supply Leadership Council. The council consists of 35+ chief procurement officers representing various fortune 500 companies. Additionally, he is a past Board Trustee for the Center for Advanced Procurement and Supply Research (CAPS Research), an independent global research organization.

Nieves holds the titles of Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (C.P.M.) and Accredited Purchasing Practitioner (A.P.P.) through ISM and Certified Foodservice Purchasing Manager (CFPM) through the National Restaurant Association. Nieves is a frequent speaker to major national and international organizations Nieves earned a Bachelor of Science degree in hospitality, travel and tourism management from Florida International University