Report On Business® Continues as Association's Leading Economic Indicator

FOR RELEASE: October 15, 2001

CONTACT: Kristen Kioa
  NAPM Media Relations
  480/752-6276 ext. 3015
  kkioa@ism.ws

(Tempe, AZ) – The National Association of Purchasing Management (NAPM) is repositioning itself for the future by changing to the Institute for Supply Management™ (ISM). Although NAPM is changing, its leading economic indicator, the Report On Business®, will continue reporting the economic status of the manufacturing and non-manufacturing sectors. Norbert Ore, C.P.M., chair of the Manufacturing ISM Report On Business®, states, "The move to the Institute for Supply Management™ is a bold move by a dynamic profession. The role of our members has evolved to the management of the supply side of the organization – a broader and more strategic role than the traditional one of purchasing materials – and the new name affirms this position in the organization."

The contents of the Manufacturing and Non-Manufacturing ISM Report On Business®, which report the month-to-month business changes organizations experience, will remain the same and will continue to report economic conditions in both sectors. "The same persons will continue to participate in both the Manufacturing and Non-Manufacturing Report On Business®. As these people’s jobs have expanded, their ability to provide the best possible information for the reports has also improved. Therefore, the reports will continue to be as timely and representative of economic activity as they have always been in the past," explains Ralph Kauffman, Ph.D, C.P.M., chair of the Non-Manufacturing ISM Report On Business®.

One enhancement to the Manufacturing Report On Business®, effective September 2001, is the use of the acronym PMI, instead of Purchasing Managers’ Index. The decision to refer to that index as the PMI is a strategic one that reflects the mission of the Institute.

In May 2001 the membership of the National Association of Purchasing Management voted to change the association’s name to the Institute for Supply Management. The association, established in 1915, is the world’s leading educator of supply management professionals and is a valuable resource for decision makers in major markets, organizations, and government. This change reflects recognition of the increasing strategic and global significance of supply management, and becomes effective January 1, 2002. For further information, see NAPM’s Web site at www.napm.org.

For additional information on the Manufacturing or Non-Manufacturing ISM Report On Business®, or the change to the Institute for Supply Management™, please visit www.napm.org, or contact Kristen Kioa at 800/888-6276 or 480/752-6276, extension 3015.


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