--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---


Enhance the Value and Performance of Practitioners and their Organizations Worldwide:


The Institute for Supply Management® (ISM) is the first supply management institute in the world. Since 1915, ISM has executed and extended its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — and maintains a strong global influence among individuals and organizations.


Glossary of Key Supply Management Terms TERM OF THE DAY:

CYCLE TIME REDUCTION

The process of minimizing the total time required for a designated process; for example, the time required for production and delivery. Efforts to shorten cycle time often focus on reducing wait time and/or eliminating unnecessary steps.


Go to the Glossary

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