Institute For Supply Management - ISM

AAA

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).

INVESTOPEDIA EXPLAINS '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. Just In Time - JIT

    An inventory strategy companies employ to increase efficiency ...
  2. Purchasing Managers Index - PMI

    An indicator of the economic health of the manufacturing sector. ...
  3. Supply Chain Management - SCM

    Supply chain management is the streamlining of a business' supply-side ...
  4. Supply Management

    A broad term describing the various acts of identifying, acquiring ...
  5. Supply Chain

    The network created amongst different companies producing, handling ...
  6. Certified Commercial Investment ...

    A professional designation awarded by the Certified Commercial ...
Related Articles
  1. Introduction To Supply And Demand
    Economics

    Introduction To Supply And Demand

  2. Economic Indicators That Do-It-Yourself ...
    Investing Basics

    Economic Indicators That Do-It-Yourself ...

  3. Operational Risk: A Must-Know For Investors
    Active Trading Fundamentals

    Operational Risk: A Must-Know For Investors

  4. Understanding Japanese Keiretsu
    Insurance

    Understanding Japanese Keiretsu

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center