The Institute for Supply Management (ISM) is a non-profit professional association based in the United States that focuses on supply management and procurement practices. It was founded in 1915 and has since become one of the leading organizations in the field of supply chain management. The ISM provides education, training, research, and networking opportunities for professionals involved in supply management, procurement, sourcing, and related fields. Here are some key aspects of the Institute for Supply Management:

1. **Mission**: The mission of the Institute for Supply Management is to advance the practice of supply management to drive value and competitive advantage for its members and the organizations they represent. ISM aims to be a leading source of knowledge, best practices, and professional development for supply management professionals worldwide.

2. **Membership**: ISM offers membership to individuals and organizations involved in supply management, procurement, purchasing, and related disciplines. Members include professionals from a wide range of industries, including manufacturing, services, healthcare, government, and academia. ISM membership provides access to resources, networking opportunities, professional development programs, and industry insights.

3. **Certifications**: ISM offers professional certification programs for supply management professionals to enhance their skills, knowledge, and credentials. The Certified Professional in Supply Management (CPSM) and Certified Professional in Supplier Diversity (CPSD) are internationally recognized certifications that validate expertise in procurement, strategic sourcing, contract management, supplier diversity, and other areas of supply management.

4. **Research and Publications**: ISM conducts research and publishes reports, whitepapers, and articles on supply management trends, best practices, and industry insights. It also produces the ISM Report On BusinessĀ®, a widely followed economic indicator that provides monthly data and analysis on economic activity in the manufacturing and non-manufacturing sectors based on surveys of purchasing and supply executives.

5. **Education and Training**: ISM offers a variety of educational programs, seminars, workshops, and online courses to help supply management professionals enhance their skills, stay current with industry trends, and earn continuing education credits. Topics covered include strategic sourcing, negotiation techniques, risk management, supplier relationship management, and supply chain sustainability.

6. **Conferences and Events**: ISM hosts conferences, symposiums, and events throughout the year to facilitate networking, knowledge sharing, and collaboration among supply management professionals. These events bring together industry experts, thought leaders, and practitioners to discuss emerging trends, innovations, and challenges in supply chain management.

7. **Advocacy and Thought Leadership**: ISM advocates on behalf of its members and the supply management profession by engaging with policymakers, government agencies, and industry stakeholders on issues related to trade, tariffs, regulations, supply chain resilience, sustainability, and other topics affecting global supply chains.

Overall, the Institute for Supply Management plays a critical role in advancing the practice of supply management, fostering professional development, and driving value creation for organizations worldwide. Its programs, resources, and initiatives help supply management professionals stay informed, connected, and competitive in today’s dynamic and evolving business environment.