Forrester Research, Inc. (Nasdaq: FORR) and the National Association of Purchasing Management (NAPM) today announced the creation of the NAPM/Forrester Report On eBusiness, which will measure the adoption of Internet-based procurement. The first-of-its-kind report will track online activity for both manufacturing and nonmanufacturing organizations.
“We are thrilled to join with NAPM to produce an ongoing indicator on business-to-eCommerce — a market that will reach $2.7 trillion in the U.S. by 2004,” said Bruce D. Temkin, research director at Forrester. “A critical element to being successful in the Internet economy depends upon being able to anticipate and react to trends in the marketplace. The NAPM/Forrester Report On eBusiness will provide companies with reliable and current data on the trajectory and impact of the Internet on their businesses.”
Forrester and NAPM have jointly developed a survey to track online activity for both manufacturing and nonmanufacturing organizations. The survey will be administered every three months by NAPM in a similar manner to its NAPM Report On Business®. The first quarterly questionnaire will begin later this year with the results scheduled to be jointly released by NAPM and Forester in January 2001.
“NAPM wanted to provide high-quality data that charted the progression of B2B eCommerce to our members and the business community. Working with Forrester Research will help us provide this value to the business community, especially in the supply management function,” said Edith Kelly-Green, NAPM Chair of the NAPM/Forrester Report On eBusiness and vice president, Strategic Sourcing and Supply, for Federal Express.
Founded in 1915, the National Association of Purchasing Management, Inc. (NAPM) is one of the most respected professional organizations in the United States. NAPM is a communication link with more than 47,000 supply management professionals. NAPM is a progressive association with a mission to provide national and international leadership in supply management, particularly in the areas of education, research, and standards of excellence. Through various resources and a network of affiliated organizations, NAPM provides opportunities for expansion of professional skills and knowledge. A not-for-profit association, NAPM offers a wide range of educational products and programs.
NAPM has provided a rich history of economic data for more than 67 years on the US economy with its Manufacturing NAPM Report On Business® and the Purchasing Managers Index (PMI). Since June 1998, NAPM has also been publishing the Non-Manufacturing NAPM Report On Business. NAPM covers both business sectors, giving economists, forecasters, institutions, government officials, and the private sector a powerful forecasting tool. Both surveys can be found at www.napm.org.