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A
BRIEF OUTLINE
In June
1972 18 persons of Senior Executive level in the field of Purchasing and
Materials Management in Government Departments, Defence Services, State
Corporation and leading Mercantile Firms met to discuss the establishment
of an Institute to foster the professional development of the Purchasing
and Supply Function in Sri Lanka.
On 24th
October 1972 the Institute of Supply and Materials Management was established,
thus fulfilling a long felt need. The Institute was ceremonially inaugurated
with a well attended seminar in early 1973 at the Auditorium of the Central
Bank by the then Minister of Foreign and Internal Trade.
It was
registered as a company under section 19 of the Companies Ordinance in
1978 with the Registrar of Companies.
The Institute
was admitted a Member of the Organization of Professional Association
of Srilanka in 1976 and has its registered office in the OPA at No. 275/75,
Bauddhaloka Mawatha, (Prof. Stanly Wijesundara Mawatha) Colombo 7. This
Institute was incorporated by Parliament by Act No. 3 of 1981.
The ISMM
is a member of the International Federation of Purchasing & Materials
Management, Chartered Institute of Purchasing and Supply (UK) and the
National Association of Purchasing Management (USA) and The Association
of Management Development Institutes of South Asia and Networking Institute
of Management Sri Lanka (Under the aegis of Sri Lanka Institute of Development
Administration.)
Presently
the Institute consists, of 21 Fellow members, 417 Corporate members, 226
Associate members 6 Institutional Members making a total of 670 professionals
spread over the Public and Private sector under-takings, Industry and
Commerce.
From the
very inception the main thrust of the Institute's activities has been
the training of supplies personnel at all levels. Training started at
the grassroots level. Over 10,000 Stores personnel including Store Keepers
and Stores Managers and over 660 Officers engaged in Shipping and Wharf
work, Imports and Exports trade have successfully undergone training so
far. In order to service the training needs of the higher echelons in
the Purchasing and Materials Management field in public and private sector
undertakings, industry and commerce, the Institute launched a fully fledged
professional course leading to the award of the Diploma in Purchasing
and Materials Management.
The demand
for Institute's course is steadily increasing. The Institute regularly
carries out seminars, workshops to familiarize members with the latest
developments in techniques, skills and concepts in order to update their
knowledge and upgrade their performance.
Purchasing
and Materials Management is a fast developing field of Management having
a major influence on economic development and trade both at domestic and
international levels. The impact of P & MM will be felt in all activities
and no institutions could carry on with its activities devoid of material
resources. As a result the role of P & MM is assuming a strategic
role for the progressive development of the country.
In recognition
of the increasingly crucial role played by the P & MM profession the
Department of Public Administration by its circular No. 46/09 (1) of 20.06.94
has given full recognition to the corporate membership of ISMM which recognized
as equivalent to a 2nd class honors degree relevant to the field of Supply
and Materials Management awarded by a recognized university.
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