With yesterday’s 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’s gross expenses exceeded its gross revenue by a significant margin, resulting in a “negative net” (i.e., loss) of $2.3 million.

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ISM’s 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.

Next Level Purchasing, whose revenue in 2008 grew 67% from 2007, has no comment on ISM’s results.

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Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

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