FOR RELEASE: January 4, 2012
(Tempe, Ariz. and Ann Arbor, Mich.) January 4, 2012 — Tempe, Arizona-based Institute for Supply Management™ (ISM) has taken a significant step to amplify its capacity for delivering customized professional development, consulting and skills assessments to the world's leading companies and supply management organizations. ISM has invested in the consulting firm ADR North America (ADR NA). ADR NA will continue to operate under its own name, providing a full range of supply management consulting, including baseline assessments, transformations of supply management operations, coordination of procurement across enterprises, risk management, category strategies and other related services.
ISM and ADR NA have been partners for three years in a successful joint venture, the ISM-ADR School for Supply Management, which provides a broad range of professional development courses delivered in a variety of formats and native languages around the world. Last year, ISM and ADR NA established a permanent training location in China.
"As ISM expands its global influence and leads corporations to supply management excellence, it was a natural progression for us to take greater advantage of ADR's assessment tools, educational materials and instructors," said ISM CEO Paul Novak, CPSM, C.P.M., A.P.P., MCIPS. "This acquisition is a decisive way to do that. We've been delivering ADR's state-of-practice expertise through our ISM-ADR School, and now we will offer it to companies and organizations another way — as consulting from ADR North America."
As ISM and ADR North America unite to create a new business entity, ADR North America CEO Bill Michels, CPSM, will continue in his role as president of ADR NA and president of ADR-ISM Supply Chain Management Consulting (Shanghai) Co., Inc., and he has also been named a senior vice president of ISM. "We are delighted to be a part of an organization recognized for its global leadership in the supply management profession," said Michels. "I am confident that our clients will greatly benefit from this new relationship."
To execute its investment, ISM has established the for-profit company ISM Services, Inc. ADR North America will operate as a subsidiary of ISM Services, Inc., as will ADR-ISM Supply Management Consulting (Shanghai) Co., Ltd. ADR North America and ADR-ISM Supply Management Consulting (Shanghai) Co., Ltd. will continue to be licensees of ADR International, the U.K.-based global consulting firm.
About Institute for Supply Management™: www.ism.ws
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 80 countries. ISM offers the Certified Professional in Supply Management® (CPSM®), Certified in Supply Management™ (CSM™) and Certified Professional in Supplier Diversity® (CPSD™) qualifications, and is a member of the International Federation of Purchasing and Supply Management (IFPSM).
About ADR North America: www.adrna.com
ADR North America is a consulting company that helps clients transform the way they purchase to lower costs and bring higher value from their supply chains. ADR analyzes client expenditures, sourcing and purchasing effectiveness, and, using web-based tools, can deliver significant positive impact to a client's bottom line. ADR was one of the first specialist procurement consultancies when it was created in 1986 by a team of highly experienced practitioners. The company has evolved to remain at the forefront of purchasing and sourcing.
ADR clients include many Fortune 500 companies as well as emerging businesses. They are often companies with worldwide operations in the automotive, manufacturing, construction, financial services, telecom, pharmaceutical and retail space. It is affiliated with ADR International, which also has offices in the United Kingdom, South Africa, Australia and the Czech Republic.
ISM Public Relations
Jean McHale | email@example.com
(U.S. only) 800/888-6276, extension 3143
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ADR North America