{"id":2855,"date":"2010-04-09T14:02:00","date_gmt":"2010-04-09T14:02:00","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/2010\/04\/09\/next-level-purchasing-vs-ism-financial-health-comparison\/"},"modified":"2021-07-27T08:05:36","modified_gmt":"2021-07-27T12:05:36","slug":"next-level-purchasing-vs-ism-financial-health-comparison","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/next-level-purchasing-vs-ism-financial-health-comparison\/","title":{"rendered":"Next Level Purchasing vs. ISM Financial Health Comparison"},"content":{"rendered":"<p>In the past two years more than ever, procurement professionals have realized that evaluating the financial condition of the organizations with whom they do business is vitally important. This can apply to whom you choose as your purchasing certification provider as much as it applies to whom you select as your direct materials supplier.<\/p>\n<p>Don\u2019t miss updates on Procurement &amp; Supply Chain, Subscribe here!<\/p>\n<p>A few weeks back, I reported on ISM\u2019s release of their annual report for the past year. While a double-digit percentage reduction in headcount and second consecutive year of multimillion-dollar losses is hard to laud under any circumstances, it is always a good idea to compare one supplier\u2019s financial performance versus that of another supplier in the same industry to get a true feel for a supplier\u2019s financial health. That way, you can rule in or rule out whether it was a bad year for the entire industry or simply a year of poor supplier performance.<\/p>\n<p>With that in mind, here are statistics comparing the financial stability of Next Level Purchasing and ISM \u2013 two providers of certification for procurement professionals:<\/p>\n<div align=\"center\">Next Level PurchasingISM*51% growth32% declineProfitable every year of existenceLost over $2 million in each of last two years21% growth30% decline<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<th><\/th>\n<\/tr>\n<tr>\n<td>Revenue Growth 2007 \u2013 2009<\/td>\n<\/tr>\n<tr>\n<td>Profitability<\/td>\n<\/tr>\n<tr>\n<td>Personnel Budget Growth 2008-2009<\/td>\n<\/tr>\n<tr>\n<td>Best Known For<\/td>\n<td>Purchasing training &amp; certification<\/td>\n<td>Monthly economic reports<\/td>\n<\/tr>\n<tr>\n<td>Global Recognition<\/td>\n<td>SPSM<sup>\u00ae<\/sup> Certification earned in 54 countries<\/td>\n<td>CPSM designation earned in 16 countries<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>* All statistics gathered from ISM Annual Report released March 2010<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the past two years more than ever, procurement professionals [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":3998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - 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