The Institute for Supply Management A. establishes laws and regulations for supply management. B. is an agency of the United Nations charged with promoting ethical conduct globally C. publishes the principles and standards for ethical supply management conduct. D. prohibits backward integration into developing economies
Question
The Institute for Supply Management A. establishes laws and regulations for supply management. B. is an agency of the United Nations charged with promoting ethical conduct globally C. publishes the principles and standards for ethical supply management conduct. D. prohibits backward integration into developing economies
Solution
The Institute for Supply Management (ISM) is a professional membership association that provides opportunities for the promotion of the profession and the expansion of professional skills and knowledge. The ISM is known for its highly regarded certification programs and its influential monthly economic reports.
Looking at the options provided:
A. The ISM does not establish laws and regulations for supply management. It does, however, provide guidelines and best practices.
B. The ISM is not an agency of the United Nations. It is a standalone, not-for-profit professional supply management organization.
C. The ISM does publish principles and standards for ethical supply management conduct. This is part of their mission to enhance the value and performance of procurement and supply chain management practitioners and their organizations worldwide.
D. The ISM does not have the authority to prohibit backward integration into developing economies.
So, the correct answer to your question would be C. The Institute for Supply Management publishes the principles and standards for ethical supply management conduct.
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