Cips and Ism Analyse
Introduction
Owing to the fact that the competition today is getting tougher and tougher, enterprises are requiring more specific job classifications in order to survive, such as developing new suppliers, material purchasing and supply chain management etc. As a result of this kind of competition, more and more professional purchasing associations spring out throughout the world. This report, however, will just focus on two different purchasing associations. The first one is known as Charted Institute of Purchasing & Supply, which is an international organisation working in purchasing, supply procurement and supply chain management. CIPS is considered as the advanced association in terms of professional procurement. Because of CIPS’s great contribution on procurement industry, it was awarded with the Royal Charter by the Queen of UK in 1992. More significantly, more than 150 countries around the world have adopted the CIPS code of professional ethics as a world standard in ethical guidelines. Another purchasing association will be researched in this report is called Institute for Supply Management, abbreviated as ISM, which was formerly called the National Association of Purchasing Management (NAPM). It was the earliest-founded America-based supply management institute in the world, which can be traced back to 1915. However, after 87 years, on January 2002 exactly, the term “ISM” was used as the association’s new name in front of the public. By taking advantages of its cumulative experience and superiorities in its supply management area, such as education, research, standards of excellence and information dissemination, it aims to become the most popular association in supply management profession around the world. It should be mentioned that ISM is distinguished for issuing the renowned monthly ISM Report on Business, which includes the well-known Purchasing Managers’ Index (PMI).
Although both of the two associations mentioned above obtain the
Owing to the fact that the competition today is getting tougher and tougher, enterprises are requiring more specific job classifications in order to survive, such as developing new suppliers, material purchasing and supply chain management etc. As a result of this kind of competition, more and more professional purchasing associations spring out throughout the world. This report, however, will just focus on two different purchasing associations. The first one is known as Charted Institute of Purchasing & Supply, which is an international organisation working in purchasing, supply procurement and supply chain management. CIPS is considered as the advanced association in terms of professional procurement. Because of CIPS’s great contribution on procurement industry, it was awarded with the Royal Charter by the Queen of UK in 1992. More significantly, more than 150 countries around the world have adopted the CIPS code of professional ethics as a world standard in ethical guidelines. Another purchasing association will be researched in this report is called Institute for Supply Management, abbreviated as ISM, which was formerly called the National Association of Purchasing Management (NAPM). It was the earliest-founded America-based supply management institute in the world, which can be traced back to 1915. However, after 87 years, on January 2002 exactly, the term “ISM” was used as the association’s new name in front of the public. By taking advantages of its cumulative experience and superiorities in its supply management area, such as education, research, standards of excellence and information dissemination, it aims to become the most popular association in supply management profession around the world. It should be mentioned that ISM is distinguished for issuing the renowned monthly ISM Report on Business, which includes the well-known Purchasing Managers’ Index (PMI).
Although both of the two associations mentioned above obtain the