The Institute for Supply Management (ISM) is a professional organization that focuses on advancing the field of supply management. Founded in 1915, ISM provides education, research, and networking opportunities for professionals involved in procurement, logistics, and supply chain management. It is known for its influential reports, including the Purchasing Managers' Index (PMI), which serves as an economic indicator for the manufacturing and services sectors. ISM also offers various certifications, such as the Certified Professional in Supply Management (CPSM), to help individuals enhance their skills and career prospects. The organization promotes best practices and ethical standards within the supply management profession, fostering a community of professionals dedicated to improving efficiency and effectiveness in their fields.