ISM® Report On Business®

Leading the Industry with Reliable Economic Indicators

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December 2024 Hospital ISM® Report On Business®

Economic activity in the hospital subsector grew in December for the 16th consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, say the nation's hospital supply executives in the latest Hospital ISM® Report On Business®.

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Hospital PMI® at

56.3%

Supply Management News & Reports

Extreme Makeover: Supply Chain Edition

November 12, 2024
Articles

From the environmental scan to securing stakeholder buy-in to measuring progress, building procurement operations from scratch is an exhaustive process that never ends.

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Being certified by ISM, whether it's a CPSM®, CPSD® or APSM®, is one of the most important decisions you will make.

Those four letters after your name carry a lot of weight in the global supply management field because ISM certification has been respected as the foundational benchmark by the profession for nearly 40 years.

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Upcoming Education

  • January

    14-16

    2025

    When it comes to contracting, understanding supply chain terms and conditions is an essential part of the job. This skill is so critical that without it, supply management professionals can place their organization in jeopardy. This popular and essential supply chain course thoroughly addresses many of the standard terms found in most contracts and also examines the impact of electronic purchasing. Discussions delve into key terminology, clauses that can be used in drawing up agreements, and examples of contract language. As with all our supply management courses, you will have the opportunity to put your knowledge into action. In this course, you are encouraged to bring your own contracts, clauses, and/or purchase orders for review and hands-on practical learning and application.

    Online
    Helen M Pohlig, J.D.
  • January

    14

    2025

    This webinar delves into the critical realm of ethical sourcing, exploring best practices and highlighting the pitfalls of overlooking ethical considerations in procurement. We'll examine the psychological drivers behind procurement misconduct, drawing insights from Maslow's Hierarchy of Needs to understand how greed, power dynamics, and social influences can lead to unethical behavior. Through real-world cases, we'll illustrate the devastating consequences of corruption and fraud, emphasizing the importance of proactive measures to safeguard organizational integrity.

    Audience Takeaways:

    • Understand the psychological factors that contribute to procurement fraud and corruption.
    • Learn how to identify and mitigate ethical risks in your procurement processes.
    • Develop strategies to foster a culture of integrity and ethical decision-making.
    • Discover best practices for ethical sourcing including supplier selection.
    Online
  • January

    21

    2025

    MEMBER WEBINAR
    Member Only

    ISM Member Community Speed Networking

    Are you ready to expand your network and make meaningful connections? Our virtual speed networking event is the perfect opportunity to meet new people within our growing membership community. In just one hour, you'll have the chance to engage in dynamic, one-on-one conversations with fellow members, exchange ideas, and build valuable relationships. Whether you're looking to collaborate, share insights, or simply make new friends, this is your networking power hour!

    Don't miss out on this fun and interactive experience. Come prepared to connect, converse, and create lasting connections.

    Online
  • January

    22

    2025

    The intake process is the foundation of every procurement journey—yet it's often overlooked. Inefficiencies in this process result in lost savings, increased compliance risks, and frustrated stakeholders.

    Join us to explore how intelligent, built-in intake management can transform procurement into a seamless, scalable operation. Discover why bolt-on solutions fail to deliver and how a unified approach enhances efficiency, drives compliance, and unlocks significant cost savings at the enterprise level.

    Learn How to:

    • Transform manual procurement into guided, scalable workflows
    • Uncover hidden cost savings with native intelligent intake automation
    • Scale operations while maintaining built-in control and compliance
    • Accelerate procurement cycles through unified approval routing
    • Measure and maximize ROI with actionable insights
  • January

    23

    2025

    MEMBER WEBINAR
    Member Only

    Quarterly State of Risk Update

    Join the executive leaders from ISM and Resilinc as they come together as part of a quarterly series to discuss the latest and emerging risks and disruptions impacting global supply chains. ISM CEO Tom Derry and Resilinc CEO Bindiya Vakil will also provide insights based on respective data and research from both organizations.

    Online

Corporate Program

Increase the agility and broaden access to education, tools, research and more for your supply chain team. ISM offers programs for organizations to help provide a framework for continuous learning and access to valuable membership resources and products 24/7/365

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