Manufacturing Has Recovered: Vendor Performance a Growing Problem

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.)

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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.

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Read how to manage vendor performance in the economic recovery.