ISM Pharmaceutical Forum Endows Supply Management Scholarships at Rutgers
FOR RELEASE: March 10, 2011
(TEMPE, Ariz.) March 10, 2011 - Institute for Supply Management™'s Pharmaceutical Forum recently marked its initial endowment to fund scholarships for students majoring in supply chain management curriculum at Rutgers University in New Jersey. ISM Pharmaceutical Forum leaders presented a check for US$25,000 to the Rutgers Business School to support merit-based financial assistance to both undergraduate and graduate students.
This latest program is the third formal endowment the ISM Pharmaceutical Forum has established at a university. Prior endowments have been established at Arizona State University and Bowling Green State University. The most recent award brings the total value of financial support for scholarships and endowments to more than US$200,000 in the past decade.
According to ISM Pharmaceutical Forum Chair William A. Stirling, increasing the number of students in the area of supply management is one of the Forum's most paramount goals. "The ISM Pharmaceutical Forum has always been dedicated to supporting our future leaders in the supply management profession and we are proud to have the opportunity to establish this endowment at such a leading university," Stirling says. Stirling is vice president, global sourcing and supply management at Bristol-Myers Squibb.
ISM Forums are comprised of members who are employed in a specific sector and come together for the sole purpose of exchanging information and ideas about supply management in that specific sector. ISM Pharmaceutical Forum membership is comprised of members having supply management responsibility within the research-based pharmaceutical and biotech industry. Visit the ISM Pharmaceutical Forum online at http://ism-pharma.org/.
Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. By executing and extending its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — ISM maintains a strong global influence among individuals and organizations. ISM is a not-for-profit educational association that serves professionals with an interest in supply management who live and work in more than 75 countries. ISM offers the Certified Professional in Supply Management® (CPSM®) qualification and is a member of the International Federation of Purchasing and Supply Management (IFPSM).