Editing Institute for Supply Management (section)

===Transformation to ISM===
Over time purchasing professionals were becoming more responsible for the larger function of supply of goods and services instead of strictly purchasing. To more accurately reflect this expanded scope, NAPM members voted in April 2001 to change the organization's name to Institute for Supply Management (ISM).

In 2002, ISM launched its sustainability and social responsibility initiative and in 2004 issued its ISM Principles of Social Responsibility, a first for the supply management profession.

In 2005, ISM partnered with the R. Gene and Nancy D. Richter Foundation to expand the R. Gene Richter Scholarship Program into the largest national scholarship program in the field of [[Supply management (procurement)|supply management]]. Together, in 2008, they established the ISM R. Gene Richter Scholarship Program Fund with a goal of funding scholarships on an ongoing basis.<ref>{{cite web|title=R. Gene and Nancy D. Richter Foundation Names Newest Trustee|url=http://www.pr.com/press-release/415324|website=PR.com | access-date=7 June 2017}}</ref>

In 2008, ISM introduced a new professional qualification the Certified Professional in Supply Management (CPSM) to replace the C.P.M.

In 2011, ISM introduced the Certified Professional in Supplier Diversity (CPSD) certification to create experts who could help guide their companies through supplier diversity issues, harness underutilized, innovative suppliers and tap new markets. That same year, ISM began its Corporate Program to help the employees of corporate members perform at a higher level.

In 2023, ISM introduced the Associate Professional in Supply Management (APSM) certification to create a pathway for students to achieve the CPSM earlier in their careers.

ISM introduced the ISM Mastery Model in 2015. Later renamed to ISM Capability Model, it covers 16 core competencies and 73 sub-competencies. The model and its assessment tool identify employee skills gaps and solutions to close them. It allows companies to benchmark team member skills and create a development roadmap and set job expectations.