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. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center