ISM's Pharmaceutical Forum Receives Excellence Award

FOR RELEASE: May 5, 2008

Media Contacts:
ISM Public Relations
Lindsey Yentes
800/888-6276, extension 3087

Jean McHale
800/888-6276, extension 3143

(TEMPE, Ariz.) May 5, 2008 — Institute for Supply Management™ (ISM) today honored its Pharmaceutical Forum as 2007 Group or Forum of the Year. Forum members and officers were recognized at ISM's 93rd Annual International Supply Management Conference and Educational Exhibit in St. Louis.

ISM Groups and Forums Excellence Awards, now in their fourth 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 Pharmaceutical Forum Chair William Stirling, C.P.M., the Forum's board of directors is comprised of 15 procurement executives from the pharmaceutical industry who are all committed to professional development.

"We are extremely proud to accept this award as recognition for the hard work by our Pharma Forum board," Stirling says. "A major focus of the Forum has been on assisting deserving supply management college students and minority business executives in funding their education. Letters from these individuals thanking us for helping them advance their careers reinforces our commitment to continue these programs."

Two Groups/Forums met the Level of Excellence for 2007. They are:

  • Materials Management Group
  • Services Group

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.

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