Nautical Term: IMPA
Definition of IMPA
The International Marine Purchasing Association (IMPA) is a non-profit trade association, established in 1977, to facilitate and enhance communication, collaboration, and business opportunities among marine purchasing professionals, their suppliers, and other stakeholders in the global marine industry.
For instance, a procurement manager at a shipbuilding company could become a member of IMPA to access industry insights, best practices, and networking opportunities with marine purchasing professionals from around the world. This collaboration could lead to cost savings, improved efficiency, and increased competitiveness for the shipbuilding company in the global marine industry.
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