Institute For Supply Management
About
ISM is a global organization that offers a professional certification for supply management professionals. The certification program focuses on strategic sourcing, supplier relationship management, sourcing and procurement, and supply chain...
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Browse the most common related skills to this skill, based on the last 5 months of job postings data.
How does Lightcast design a skill?
Certified Professional In Supply Management (Standards Organizations) refers to knowledge of supply management principles, standards, and practices used to support procurement and sourcing activities. It is applied to assess suppliers, manage purchasing processes, and support compliance with organizational and industry requirements. The skill also supports contract coordination, supply planning, and continuous improvement in procurement operations.
Commodity Management refers to the process of overseeing and controlling the procurement, storage, and distribution of commodities to optimize their value and minimize costs. This skill involves analyzing market trends, managing supplier relationships, and ensuring compliance with regulations to effectively manage supply chain risks. Knowledge of Commodity Management is used to make informed decisions regarding inventory levels, pricing strategies, and sourcing options, ultimately enhancing operational efficiency and profitability.
Low Cost Country Sourcing is the process of procuring goods, services or raw materials from a country where the cost of production is lower than domestic production costs. This requires specialized skills to identify, evaluate, select and manage suppliers in developing countries to ensure quality, delivery and cost effectiveness. LCCS can provide companies with cost savings, new market opportunities, and increased competitiveness. However, it also poses risks such as quality issues, geopolitical instability and ethical concerns, which must be managed effectively.
Supplier Performance Management refers to the systematic process of evaluating and improving the performance of suppliers to ensure they meet organizational standards and requirements. This skill involves the use of metrics and key performance indicators to assess supplier reliability, quality, and delivery timelines. Knowledge of Supplier Performance Management is utilized to foster strong supplier relationships, drive continuous improvement, and mitigate risks associated with supply chain disruptions. Effective management of supplier performance contributes to enhanced operational efficiency and overall business success.
Supplier Relationship Management refers to the structured approach to developing, maintaining, and optimizing partnerships with suppliers to improve supply chain performance. It involves evaluating supplier capabilities, negotiating contract terms, and fostering collaboration to align with business objectives. The skill is used to enhance value creation, ensure quality and reliability, and support continuous improvement in supplier performance.
Lightcast Skills Taxonomy
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The Lightcast Skills Taxonomy delivers clarity by allowing everyone to speak the same language. Use our APIs to articulate your skills needs, and leave the details to us: our dedicated team of taxonomists and engineers cleans, checks, and updates each entry so that you always have the most accurate and up-to-date picture of the labor market.
Are you a nonprofit pursuing a public good? Lightcast Skills APIs are freely available to you because we believe in using data for good and creating a labor market that works for everyone. Through the shared language of skills, we can enable a world where every worker and every job can find their best fits as efficiently and easily as possible.
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About
ISM is a global organization that offers a professional certification for supply management professionals. The certification program focuses on strategic sourcing, supplier relationship management, sourcing and procurement, and supply chain...
Related Skills
Browse the most common related skills to this skill, based on the last 5 months of job postings data.
How does Lightcast design a skill?Certified Professional In Supply Management (Standards Organizations) refers to knowledge of supply management principles, standards, and practices used to support procurement and sourcing activities. It is applied to assess suppliers, manage purchasing processes, and support compliance with organizational and industry requirements. The skill also supports contract coordination, supply planning, and continuous improvement in procurement operations.
Commodity Management refers to the process of overseeing and controlling the procurement, storage, and distribution of commodities to optimize their value and minimize costs. This skill involves analyzing market trends, managing supplier relationships, and ensuring compliance with regulations to effectively manage supply chain risks. Knowledge of Commodity Management is used to make informed decisions regarding inventory levels, pricing strategies, and sourcing options, ultimately enhancing operational efficiency and profitability.
Low Cost Country Sourcing is the process of procuring goods, services or raw materials from a country where the cost of production is lower than domestic production costs. This requires specialized skills to identify, evaluate, select and manage suppliers in developing countries to ensure quality, delivery and cost effectiveness. LCCS can provide companies with cost savings, new market opportunities, and increased competitiveness. However, it also poses risks such as quality issues, geopolitical instability and ethical concerns, which must be managed effectively.
Supplier Performance Management refers to the systematic process of evaluating and improving the performance of suppliers to ensure they meet organizational standards and requirements. This skill involves the use of metrics and key performance indicators to assess supplier reliability, quality, and delivery timelines. Knowledge of Supplier Performance Management is utilized to foster strong supplier relationships, drive continuous improvement, and mitigate risks associated with supply chain disruptions. Effective management of supplier performance contributes to enhanced operational efficiency and overall business success.
Supplier Relationship Management refers to the structured approach to developing, maintaining, and optimizing partnerships with suppliers to improve supply chain performance. It involves evaluating supplier capabilities, negotiating contract terms, and fostering collaboration to align with business objectives. The skill is used to enhance value creation, ensure quality and reliability, and support continuous improvement in supplier performance.
Lightcast Skills Taxonomy
Looking for a specific skill? Search our library. Explore 35,000+ skills that we've collected from hundreds of millions of job postings, resumes, and online profiles.
The Lightcast Skills Taxonomy delivers clarity by allowing everyone to speak the same language. Use our APIs to articulate your skills needs, and leave the details to us: our dedicated team of taxonomists and engineers cleans, checks, and updates each entry so that you always have the most accurate and up-to-date picture of the labor market.
Are you a nonprofit pursuing a public good? Lightcast Skills APIs are freely available to you because we believe in using data for good and creating a labor market that works for everyone. Through the shared language of skills, we can enable a world where every worker and every job can find their best fits as efficiently and easily as possible.
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This skill is part of the Lightcast Skills Taxonomy, a library of over 35,000 job related skills. It is the standard used by higher education institutions, public sector organizations and Fortune 500 companies around the globe.