ISM Pharmaceutical Forum and CAPS Research Help Scholars in Supply Chain Management Degree Programs

FOR RELEASE: September 21, 2007

Media Contacts:

ISM Public Relations
Jean McHale
800/888-6276, extension 3143
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CAPS Research
Clare Donnalley
800/888-6276, extension 3007
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Research organization and industry networking group support tomorrow's business leaders.

(TEMPE, Ariz.) Sept. 21, 2007 — Preparing tomorrow's supply management professionals by ensuring solid educational foundations continues to be a joint mission of CAPS Research and Institute for Supply Management™'s Pharmaceutical Forum. In the past year, the independent research organization and the ISM industry networking group have added $13,000 to endowments at Arizona State University (ASU) and Bowling Green State University.

"The most recent awards bring the total value of financial support to more than $100,000 over the past several years," says ISM Pharmaceutical Forum Secretary/Treasurer Christopher Silva. "These universities have exhibited leadership in developing leading edge education programs advancing the supply management profession."

ISM Pharmaceutical Forum Chair Bill Stirling says today's supply management students need crucial education and skills development to succeed in any organization or business sector. "We share a strategic interest with these universities in ensuring that graduates are ready to handle key supply management responsibilities in their organizations," Stirling says. "We not only want them to be able to navigate complex business paths, but to lead the way."

According to CAPS Research Executive Director Phillip L. Carter, DBA, Arizona State University and CAPS Research remain committed to supporting the ISM Pharmaceutical Forum through key research activities that are tailored to their specific needs. Carter also holds the Harold E. Fearon Chair of Purchasing at Arizona State University. "The Forum's continued financial support is greatly appreciated by the students who are majoring in supply chain management," Carter says. "Our goal is to maximize the opportunities presented by the scholarship funds."

ISM Forums are comprised of members who are employed in a specific sector and come together for the sole purpose of exchanging information and ideas about supply management in that specific sector. Pharmaceutical Forum membership is comprised of members having supply management responsibility within the research-based pharmaceutical and biotech industry.

About Institute for Supply Management
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).

About CAPS Research
CAPS Research is a nonprofit research organization founded in 1986 to provide leading research to our strategic-minded corporate sponsors and to the public. Our mission is to work in partnership with a global network of executives and academics for the discovery and dissemination of strategic supply management knowledge and best practices. CAPS Research is jointly sponsored by the W. P. Carey School of Business at Arizona State University, and the Institute for Supply Management™.