With yesterday\u2019s release of their annual report, the Institute for Supply Management (ISM) reported that its gross revenue in its latest fiscal year declined by 15% from the previous fiscal year. ISM\u2019s gross expenses exceeded its gross revenue by a significant margin, resulting in a \u201cnegative net\u201d (i.e., loss) of $2.3 million.<\/p>\n
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ISM\u2019s gross revenue was its lowest since its 2003-2004 fiscal year. The $2.3 million negative net was the largest reported by ISM among any of the annual reports on its Web site, which date back to its 1997-1998 fiscal year.<\/p>\n
Next Level Purchasing, whose revenue in 2008 grew 67% from 2007, has no comment on ISM\u2019s results.<\/p>\n","protected":false},"excerpt":{"rendered":"
With yesterday\u2019s release of their annual report, the Institute for […]<\/p>\n","protected":false},"author":12,"featured_media":4082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n