Procurement Magazine October 2023 | Page 48

ISM drives best practice on supplier relationship management
PROCUREMENT STRATEGY

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Tips for Successful Supplier Relationship Management | CIPS
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ISM drives best practice on supplier relationship management

Best practice supply chain strategies – including those to boost supplier relations – is overseen by the Institute for Supply Management .
The ISM is the oldest not-for-profit supply management organisation worldwide .
Founded in 1915 it is committed to advancing supply management to drive value and competitive advantage for its 50,000 members . It publishes professional guides , including the ISM Report On Business , and also runs highly-regarded certification and training programs , corporate services and events .
It also offers advocacy and thought leadership around supply management , and lobbies on issues that affect its members at national and international levels .
“ We work to promote the value of supply chain management and contribute to policy discussions on issues affecting the profession ,” it says .

According to PwC research , almost a quarter ( 23 %) of businesses do not have an SRM programme

48 October 2023