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.

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A few weeks back, I reported on ISM’s 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’s financial performance versus that of another supplier in the same industry to get a true feel for a supplier’s 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.

With that in mind, here are statistics comparing the financial stability of Next Level Purchasing and ISM – two providers of certification for procurement professionals:

Next Level PurchasingISM*
Revenue Growth 2007 – 200951% growth32% decline
ProfitabilityProfitable every year of existenceLost over $2 million in each of last two years
Personnel Budget Growth 2008-200921% growth30% decline
Best Known ForPurchasing training & certificationMonthly economic reports
Global RecognitionSPSM® Certification earned in 54 countriesCPSM designation earned in 16 countries

* All statistics gathered from ISM Annual Report released March 2010

To Your Career,
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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