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. Supply Chain Management - SCM

    Supply chain management is the streamlining of a business' supply-side ...
  3. Purchasing Managers Index - PMI

    An indicator of the economic health of the manufacturing sector. ...
  4. Supply Chain

    The network created amongst different companies producing, handling ...
  5. Supply Management

    A broad term describing the various acts of identifying, acquiring ...
  6. Certified Commercial Investment ...

    A professional designation awarded by the Certified Commercial ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Economics

    Introduction To Supply And Demand

    Find out all about supply and demand and how it relates to your daily purchases.
  2. Investing Basics

    Economic Indicators That Do-It-Yourself Investors Should Know

    Understanding these investing tools will put the market in your hands.
  3. Active Trading Fundamentals

    Operational Risk: A Must-Know For Investors

    This type of risk is often overlooked, but it can mean the downfall of a company - and its investors.
  4. Insurance

    Understanding Japanese Keiretsu

    The structure of major companies in Japan is steeped in tradition and relationships.
  5. Retirement

    The Evolution Of Enterprise Risk Management

    This growing sector can tell you a lot about the companies you are investing in.
  6. Savings

    What Will It Cost To Study Abroad in Florence?

    The career payoffs for study abroad can be huge, but can you afford it? Here's a rundown of what you'll need to budget for a semester in Florence.
  7. Personal Finance

    Free Community College: How Would It Work?

    Semi-timely article on how a free community would work on the proposal provided by Obama not to charge on free community colleges
  8. Personal Finance

    Top Choices For College In Chicago

    Check out these colleges and universities if you want to study in Chicago, one of America's most vibrant cities.
  9. Personal Finance

    Plan to Study In L.A.? 5 Top Colleges

    Put these at the top of the application pile if you're thinking about going to college in Los Angeles.
  10. Personal Finance

    The Best (Colleges) Of Boston

    In a town famous for its colleges and universities, these are the top ones to consider if you're set on being part of the Boston scene.

You May Also Like

Hot Definitions
  1. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  2. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  3. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  4. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  5. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  6. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
Trading Center