FOR RELEASE: May 20, 2008
ISM Public Relations
800/888-6276, extension 3087
800/888-6276, extension 3143
(Tempe, Ariz.) May 20, 2008 — The world's largest supply management organization, Institute for Supply Management™ (ISM), this month releases analysis of its third comprehensive salary survey. The summary report, 2008 ISM Salary Survey Results, is available to the public, and a detailed report is available to ISM members and available for purchase by nonmembers at www.ism.ws. Select Tools, InfoCenter, and then ISM's Annual Salary Survey.
An article also appeared in the May 2008 issue of Inside Supply Management®.
ISM surveyed supply management professionals in the United States during January and February 2008. Information on salary, bonuses and stock options was gathered from a total of 1,050 respondents and examined through multiple breakdowns including job title, years of experience, education level, certification status and buying responsibility.
ISM's salary survey established average salaries (for the 2007 calendar year) for the following job titles:
Additional summary report details include:
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.