Institute for Supply Management ISM NAPM

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Definition of 'Institute for Supply Management ISM NAPM'

ISM stands for the Institute for Supply Management. It was originally founded in 1913 and called the New York Association of Purchasing Management and then renamed in 1915 as the National Association of Purchasing Management. In some areas the ISM's regional affiliates are still know by the acronym NAPM.

The ISM is a not-for-profit organization located in Tempe, Arizona that focuses on education and research in the field of the purchasing and supply management.

The ISM publishes the monthly publication Inside Supply Management, which includes the purchasing surveys Manufacturing ISM Report on Business and the Non-Manufacturing ISM Report on Business.

The ISM releases the Purchasing Managers Index (PMI) on the first business day of each month. This can be found on the ISM's Latest Manufacturing ROB page.

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