LISTEN NOW – 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.
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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.