Founded in 1915, the
Institute for Supply
Management ™(ISM) is one of the most respected professional
organizations in the United States. ISM is a communication link with more than
40,000 purchasing and supply management professionals. ISM is a progressive
association with a mission to provide national and international leadership in purchasing
and materials management, particularly in the areas of education, research and standards
of excellence. Through various resources and a network of more than 170+ affiliated
organizations, ISM provides opportunities for expansion of professional skills and
knowledge. ISM is a not-for-profit association with over 40,000 members
worldwide. ISM offers a wide range of educational products and programs.
As a member of ISM you receive:
Supply Management™, the monthly
award-winning publication featuring the latest trends and information for the purchasing
and supply management professional. Included in each issue of the magazine is the
Manufacturing ISM Report on Business®, a long-established purchasing survey and
indicator of economic trends, noted for its accuracy. The report is considered by many to
be the most reliable near-term economic barometer available. Also included in the
magazine will be the new Non-manufacturing ISM Report on Business®. This report
debuted June 3, 1998 and is an economic forecaster for the non-manufacturing sector.
- Access to the
Center for Advanced Purchasing
Studies (CAPS), the first and only research center in the nation dedicated
to the purchasing arena. ISM members receive a free copy of all CAPS research upon
- Access to the
Members Only area of the
site which provides job-related information and the employment database.
ISM's Principles and Standards of Purchasing
Practice, first adopted in 1923, which remains one of the outstanding
ethical statements in modern business.
- Networking opportunities during
ISM sponsored seminars and conferences, and with your peers in your local affiliate.
- Discounts of up to 50% on
sponsored programs, products, and annual conference.
yourself and make the move to gain supply management's most
prestigious designation. ISM launched the Certified
Professional in Supply Management® (CPSM®)
program in May 2008. The CPSM® is the credential
that surpasses the demands of the international marketplace
with multi-faceted skills in areas such as finance,
supplier relationship management, organizational global
strategy and risk compliance. It can give you the edge
you need in this global marketplace along with the potential
to earn 23 percent more (ISM 2011 Salary
CPSD™ is a professional designation for supply professionals
who demonstrate knowledge, skills and expertise in supplier
diversity. CPSD™ is also for business professionals with
responsibility for strategic diversity initiatives. This
professional designation demonstrates to your employer, your
colleagues, your suppliers and even your customers that you
are serious about helping your organization and diverse
suppliers succeed. The CPSD™ is supported by various
you have broad-based knowledge in all the major components
of supply management. ISM's newest credential, Certified in
Supply Management™ (CSM™), was developed to allow
practitioners a way to demonstrate knowledge in supply
management, regardless of whether they have a college
degree. It validates your supply management body of
knowledge and skills in areas such as finance, supplier
relationship management, organizational global strategy and
Principles & Standards of Purchasing
Loyalty to your organization, Justice
to those with whom you deal, Faith in your profession
From these principles are derived the
standards of purchasing practice. (Domestic and International)
- Avoid the intent and appearance of unethical or compromising
practice in relationships, actions, and communications.
- Demonstrate loyalty to the employer by diligently following
the lawful instructions of the employer, using reasonable care and only authority granted.
- Refrain from any private business or professional activity
that would create a conflict between personal interests and the interests of the employer.
- Refrain from soliciting or accepting money, loans, credits,
or prejudicial discounts, and the acceptance of gifts, entertainment, favors, or services
from present or potential suppliers that might influence, or appear to influence,
- Handle confidential or proprietary information belonging to
employers or suppliers with due care and proper consideration of ethical and legal
ramifications and governmental regulations.
- Promote positive supplier relationships through courtesy and
impartiality in all phases of the purchasing cycle.
- Refrain from reciprocal agreements that restrain
- Know and obey the letter and spirit of laws governing the
purchasing function and remain alert to the legal ramifications of purchasing decisions.
- Encourage all segments of society to participate by
demonstrating support for small, disadvantaged, and minority-owned businesses.
- Discourage purchasing's involvement in employer-sponsored
programs of personal purchases that are not business related.
- Enhance the proficiency and stature of the purchasing
profession by acquiring and maintaining current technical knowledge and the highest
standard of ethical behavior.
- Conduct international purchasing in accordance with the
laws, customs, and practices of foreign countries, consistent with United States laws,
your organization policies, and these Ethical Standards and Guidelines.
ISM Antitrust Policy
It is the express policy and intention of ISM to comply at all times
with all existing laws, including the antitrust laws, and in furtherance of this policy,
no activity or program will be sponsored or conducted by or within ISM or any association
affiliated with ISM which in any manner whatsoever will represent or be deemed a
violation of any existing law, including the antitrust laws. This statement of policy will
be implemented by the publication of the "Principles for Antitrust Compliance,"
"Standards for ISM Activities," "Standards for Membership and Professional
Self-Regulation" and "Standards for Conduct & Use of Surveys" which are
available to all members of the association upon request.