ISM Pharmaceutical Forum and CAPS Research Fund Scholarships for Supply Chain Scholars

FOR RELEASE: December 7, 2004

CONTACT: Jean McHale CONTACT: D. Steven Wade, Director
  ISM Public Relations   CAPS Research
  800/888-6276 ext. 3143   480/752-2277 or   480/752-6276 ext. 3060

TEMPE, Ariz., December 7, 2004 — CAPS Research, an independent research organization co-sponsored by Institute for Supply Management™ (ISM) and Arizona State University (ASU), today joined ISM's Pharmaceutical Forum in awarding $25,000 in scholarship funds to the W. P. Carey School of Business at Arizona State University. The scholarship award, slated for students in the W.P. Carey School's supply chain management degree programs, marks the third academic institution to receive funding from ISM's Pharmaceutical Forum, an industry-specific education and networking group whose members hail from research-based pharmaceutical and biopharmaceutical companies.

"Funding supply management education is key to our mission to advance the supply management profession as it relates to pharmaceutical procurement," explains ISM Pharmaceutical Forum Chair, William Stirling, C.P.M. Stirling is senior director, global strategic sourcing, at Bristol-Myers Squibb Company. "We've already awarded more than $25,000 each in scholarship funds to supply chain studies programs at Bowling Green University and North Carolina State University. In addition, awards totaling in excess of $15,000 have been provided to sponsor-nominated minority- and women business leaders to attend executive management programs at Tuck School of Business at Dartmouth and Kellogg Business School at Northwestern."

CAPS Research Director D. Steven Wade said major pharmaceutical companies represented by ISM Pharmaceutical Forum members contribute to a host of industry-specific and cross-industry benchmarking reports. "Our Purchasing Performance Benchmarking Study for the Pharmaceutical Industry was released in August 2004," Wade says. "We recently facilitated a special benchmarking project that focused on compliance measurement and tracking within the pharmaceutical industry, and we're working with the Forum leadership to develop a survey to effectively measure diversity spend within the pharmaceutical industry." Visit ISM online at Visit CAPS Research online at

As the oldest and largest supply management institute in the world, the mission of the Institute for Supply Management™ (ISM) is to lead supply management. ISM defines supply management as the identification, acquisition, access, positioning and management of resources the organization needs or potentially needs in the attainment of its strategic objectives. 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® report — ISM continues to extend the global impact of supply management. 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).

CAPS Research is a non-profit, independent research organization, affiliated with Institute for Supply Management and Arizona State University's W.P. Carey School of Business. CAPS Research contributes competitive advantage to organizations by delivering leading-edge research globally to support continuous change and breakthrough performance improvement in strategic sourcing and supply.

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