Latest procurement and supply chain news opinion analysis and jobs from supply management. Institute for supply management ism is the first and largest not for profit professional supply management organization worldwide founded in 1915 ism has over 50000 members located in 100 countries. The process of obtaining and managing of products or services needed to operate a business or other type of organizationelements of supply management include the actual products information budgets and employeesthe purpose of supply management procedures is to keep costs stable and use resources effectively to increase the profits and efficiency of the business or organization. Supply management is a complementary discipline that encompasses the alignment of organizations processes and systems for strategic sourcing contract management supplier management spend analysis to continuously improve global supply for best value performance in support of the strategic objectives of the business
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