Institute For Supply Management - ISM

DEFINITION of 'Institute For Supply Management - ISM'

A non-profit organization that serves professionals, who are employed in the supply management profession. The Institute for Supply Management provides educational resources to its members, as well as creating industry standards. ISM polls its members about factors affecting their business, compiling this information in reports, such as the Purchasing Managers Index (PMI).

BREAKING DOWN 'Institute For Supply Management - ISM'

The organization was initially called the National Association of Purchasing Agents, when it was founded in 1915. The name was changed in 2002. ISM also created the Certified Professional in Supply Management (CPSM) certification.

RELATED TERMS
  1. The National Association Of Purchasing ...

    A monthly index of U.S. manufacturing compiled by the Institute ...
  2. Supply Management

    A broad term describing the various acts of identifying, acquiring ...
  3. ISM Non-Manufacturing Index

    An index based on surveys of more than 400 non-manufacturing ...
  4. Supply

    A fundamental economic concept that describes the total amount ...
  5. ISM Manufacturing Index

    An index based on surveys of more than 300 manufacturing firms ...
  6. CFA Institute

    Formerly known as the Association for Investment Management and ...
Related Articles
  1. Retirement

    Economic Indicators: Purchasing Managers Index (PMI)

    By Ryan Barnes Release Date: The first business day of the month Release Time: 10am Eastern Standard Time Coverage: Previous month's data Released By: Institute for Supply Management (ISM) Latest ...
  2. Trading

    Using The ISM Manufacturing Index To Find Forex Trends

    Learn the details behind the ISM Manufacturing Index and how you can use this data to find trends in the foreign exchange market.
  3. Markets

    Why the Purchasing Managers' Index Matters

    The Purchasing Managers' Index is a telling sign of the U.S. economy. But what is it?
  4. Markets

    What is the Purchasing Managers' Index?

    The Purchasing Managers’ Index, or PMI as it is commonly called, is an indicator of the economic health of the manufacturing sector.
  5. Professionals

    Why You Should Consider A Career In Supply Chain Management

    Supply chain managers ensure that increasingly global companies can coordinate distant sources of materials, labor, and manufacturing to successfully bring products to market.
  6. Professionals

    Career Benefits From The CFA Institute

    The CFA Institute provides members with a variety of ongoing career and networking benefits.
  7. Financial Advisor

    Study Does Not End After The CFA

    Getting your CFA is an admirable achievement, but it doesn't end there. Find out what is expected of CFAs after they become charterholders.
  8. Managing Wealth

    The Pros and Cons of Being a Nonprofit

    Evaluating the tradeoffs organizations face when choosing between becoming a tax-exempt nonprofit or for-profit business with innovative ease.
  9. Financial Advisor

    Where to Find Non-Profit Finance Jobs

    The non-profit sector offers a stable selection of jobs for those who seek other types of fulfillment from their jobs than just purely financial.
  10. Markets

    How Does Money Supply Affect Interest Rates?

    A larger money supply lowers market interest rates, while a smaller supply tends to raise them.
RELATED FAQS
  1. Why do supply shocks occur and who do they negatively affect the most?

    Take a deeper look at the nature of supply shocks, an economic phenomenon that dramatically changes the equilibrium level ... Read Answer >>
  2. Do nonprofit organizations have working capital?

    Discover why financial reserves in the nonprofit world are equivalent to working capital used by for-profit businesses, and ... Read Answer >>
  3. Is there an easy way to calculate the law of supply and demand for small business?

    Understand how small businesses make basic calculations of law of supply and demand principles and how supply and demand ... Read Answer >>
  4. Is the law of supply and demand a law or just a hypothesis?

    Learn about the strengths and limitations of supply and demand economic theories, and how they are used to predict and guide ... Read Answer >>
  5. Do nonprofit organizations pay taxes?

    Section 501 of the Internal Revenue Service (IRS) tax code exempts qualified nonprofit organizations from federal taxes. ... Read Answer >>
  6. Is demand or supply more important to the economy?

    Learn more about the impact of supply and demand in an economy. Find out why companies study supply and demand as part of ... Read Answer >>
Trading Center