Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. By executing and extending its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — ISM maintains a strong global influence among individuals and organizations. ISM is a not-for-profit educational association that serves professionals with an interest in supply management who live and work in more than 75 countries. ISM offers the Certified Professional in Supply Management® (CPSM®) qualification and is a member of the International Federation of Purchasing and Supply Management (IFPSM).
The official name of the organization is Institute for Supply Management™. The correct way to abbreviate the Institute for Supply Management™ is ISM, without periods. The Institute for Supply Management, Inc.™ (ISM) is a trademarked name awaiting registration and should be followed by a trademark symbol in all references. When using the possessive form, the trademark symbol comes before the apostrophe (Institute for Supply Management™'s). It is not, however, necessary to use the trademark symbol with the abbreviation ISM.
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. 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: disposition/investment, distribution, inventory control, logistics, manufacturing, materials management, packaging, procurement/purchasing, product/service development, quality, receiving, transportation/traffic/shipping and warehousing.
Manufacturing ISM Report On Business® and Non-Manufacturing ISM Report On Business®
These ISM reports (known as the ROB) are leading economic indicators released on the first and third business days, respectively, of each month and are posted online and in Inside Supply Management®, the monthly magazine published by ISM. When referring to both reports, do not use Reports On Business® this is incorrect. Reword or use the lowercase plural "the reports."
This composite index of the Manufacturing Report On Business®, formerly called the Purchasing Managers' Index, is now known simply as the PMI in all references.
Inside Supply Management®
This is ISM's monthly magazine (formerly titled Purchasing Today® and NAPM Insights) and is available only through membership in the organization. The title should always be followed by a registration mark.
The Journal of Supply Chain Management
This is ISM's quarterly academic journal available by subscription. It was formerly titled International Journal of Purchasing and Materials Management and Journal of Purchasing and Materials Management. After the first reference, it may be written as the Journal.