Glossary of Key Purchasing and Supply Terms Term of the Day:
HISTORICALLY UNDERUTILIZED BUSINESS
A business that is at least 51% owned by a person or persons who have been socially or economically disadvantaged due to color, ethnic origin, gender, physical disability, or other factors that result in barriers to the conduct of business.
The National Association of Purchasing Management has become the Institute for Supply Management™. Please be aware that NAPM.org is now ISM.ws.
IFPSM Senior Delegate
Paul Novak, C.P.M., A.P.P.
Chief Executive Officer
ISM
PO Box 22160
Tempe, AZ 85285-2160
(480) 752-6276 ext. 3034
Fax: (480) 752-7890
e-mail: [email protected]
