FOR RELEASE: May 8, 2007
ISM Public Relations
800/888-6276, extension 3143
TEMPE, Ariz., May 8, 2007 — Institute for Supply Management™ (ISM) today honored its Minority and Women's Business Development Group (MWBDG) as 2006 Group or Forum of the Year. Group members and officers were recognized at ISM's 92nd Annual International Supply Management Conference and Educational Exhibit in Las Vegas.
ISM Groups and Forums Excellence Awards, now in their third year, recognize those Groups and Forums that demonstrate excellence in their professional operations, educational offerings, recruitment, training and retention efforts, while at the same time communicating the value and prestige of ISM and the supply management profession.
According to MWBDG Chair Corina Gallegos, the Group's board of directors is comprised of 14 highly experienced supply management professionals who share a passion for supplier diversity. "Using our collective expertise, the board has developed sound and informative supplier diversity educational programs for ISM membership, recruited a significant number of members for membership in MWBDG, and developed a professional organization that is recognized as a leader in the development of minority and women's business," Gallegos says. "It is the dedication and sustained efforts of our board and committee members that has enabled our Group to fulfill the requirements of the ISM Groups and Forums Excellence Awards."
Four Groups/Forums met the level of excellence for 2006. They are:
As stated on the Group's Web site, www.mwbdg.com, the intent of the Minority and Women's Business Development Group is to educate and offer guidance regarding the development and/or implementation of meaningful minority supply management programs providing business opportunities for minority and women owned firms. ISM Groups and Forums provide opportunities for members to discuss and exchange information, as well as study, evaluate and share knowledge on industry-specific supply management challenges and opportunities.
As the largest supply management institute in the world, the mission of Institute for Supply Management™ (ISM) is to lead supply management. By executing and extending its mission through education, research, standards of excellence, influence building and information dissemination — including the renowned monthly ISM Report On Business® — ISM continues to extend the global impact of supply management. ISM is proud to recognize professional excellence in supply management with awards such as the ISM R. Gene Richter Awards for Leadership and Innovation in Supply Management and the J. Shipman Gold Medal Award. ISM's membership base includes more than 40,000 supply management professionals in 75 countries. Supply management professionals are responsible for trillions of dollars in the purchases of products and services annually. ISM is a member of the International Federation of Purchasing and Supply Management (IFPSM).
ISM defines supply management as the identification, acquisition, access, positioning and management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives. Further, supply management is: future oriented, senior-management critical, strategic in relation to the competitive imperatives of the organization, and a significant contributor to marketplace intelligence and profitability. Components included under the supply management umbrella are: purchasing/procurement; strategic sourcing; logistics; quality; inventory control; materials management; warehousing; transportation/traffic/shipping; disposition/investment recovery; distribution; receiving; packaging; product/service development and manufacturing supervision.