January 2014 - Global Purchasing launches first GPI

New economic barometer indicates a positive outlook among buyers of electronic components.

Global Purchasing’s first monthly Global Purchasing Index (GPI) registered 114.4 in January, indicating optimism among purchasing managers and buyers (view the current GPI panel members) of electronic components.

Launched in January, Global Purchasing’s GPI is a monthly benchmark that gauges purchasing professionals’ views on procurement activity in the electronic components marketplace. Comments from purchasing professionals surveyed in our first report indicate a good start to the New Year.

Global Purchasing’s GPI measures purchasing professionals’ business confidence in five areas: new orders from customers along with electronic component inventory levels, purchasing activity, pricing, and lead times. Going forward, the GPI will measure each of these areas month-over-month to determine changes in the marketplace and gauge the direction of overall business confidence among electronic components buyers.

Global Purchasing compiles the GPI data monthly from a survey of more than 100 panel members who buy a wide range of electronic components. Prequalified for their industry experience, panel members are purchasing executives, managers, or buyers at original equipment manufacturing (OEM) or contract manufacturing firms around the world.