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Supply Management Critical for Leaders

FOR RELEASE: August 30, 2005

Contact: Jean McHale
  ISM Public Relations
  800/888-6276 ext. 3143
  jmchale@ism.ws

(TEMPE, Ariz.) Aug. 30, 2005 — With an increasing importance on the role of supply management within organizations worldwide and the critical impact on the organization's bottomline, tomorrow's leaders must have a solid foundation in supply management knowledge and the related skills to meet future challenges.

A recent study by Institute for Supply Management™ (ISM) found that when asked the degree of importance of the supply management function to the overall success of the business, 92 percent of CEOs surveyed indicated the function at the highest level of importance. (The Perception of Supply Management, Institute for Supply Management™ Resource Center, January 2004)

"For business degree graduates to be best prepared for becoming successful leaders in the future business environment," states Paul Novak, C.P.M., chief executive officer of ISM, "their undergraduate and graduate learning experience should include supply management knowledge and skills. Business students would be smart to seek those college programs which include a solid supply management curriculum."

With the overlap in functions and importance for supply management to be involved in every aspect of the organization, ISM also recommends supply management training for students in other disciplines such as engineering, marketing, finance, accounting and human resources.

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® — 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) Visit ISM's Media Room at www.ism.ws, Quick Search: QS130.


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