Institute for Supply Management
Advancing the purchasing and supply management profession through education and development.
December 20, 2004
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"Cost-Effective Supply Chain Management"

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Glossary of Key Purchasing and Supply Terms Term of the Day:

FAIR MARKET VALUE
The value of an item as determined by negotiation between purchasers and suppliers, which is acceptable as a basis for a purchase and sale.


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The National Association of Purchasing Management has become the Institute for Supply Management™. Please be aware that NAPM.org is now ISM.ws.

Certification Updates

Sign up now to receive certification's FREE quarterly e-newsletter Supply Line 2055: Certification Update. Look for this free e-newsletter every quarter to keep you updated on the latest happenings to the C.P.M. and A.P.P. programs and to answer some of your frequently asked questions. You will also receive e-mail notifications of changes and updates to the certification and accreditation processes.

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View past issues of the Supply Line 2055: Certification Update newsletter.


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