The International Federation of Purchasing and Supply Management (IFPSM) is the union of 48 National and Regional Purchasing Associations worldwide.Within this circle, about 250,000 Purchasing Professionals can be reached.IFPSM facilitates the development and distribution of knowledge to elevate and advance the procurement profession, thus favorably impacting the standard of living of citizens worldwide through improved business practices.The term procurement is taken to embrace purchasing, materials management, logistics, supply chain management and strategic sourcing.IFPSM is a non-political, independent and non-profit oriented International Organization (http://www.ifpsm.org/)