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CERTIFICATION CERTIFICATION ISM CERTIFICATION David Sieben, CPSM, SCOR-P ISM-Chicago Certification Committee Chair david.sieben@SourceAlign.com
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CERTIFICATION CERTIFICATION HISTORY The Certified Professional in Supply Management ® (CPSM ® ) designation was launched in 2008 and is designed to lead the profession by emphasizing the major components of supply management. It is the credential that surpasses the demands of the international marketplace with multi-faceted skills in areas such as finance, supplier relationship management, organizational global strategy and risk compliance. It reflects the expanded knowledge, skills and abilities needed to excel in strategic supply management. The Certified Purchasing Manager (C.P.M.) program covers the operational aspects of purchasing, but also includes supply functions such as agreements, negotiations, technology and relationship management. – The Certified Purchasing Manager (C.P.M.) is no longer available for testing and is recertification-only status. You must have already successfully passed all four modules of the C.P.M. in order to apply and achieve the designation. Those already holding the C.P.M. designation may continue to apply for recertification or lifetime recertification. Remember, your exam scores expire five years from the date the earliest exam was taken or by December 31, 2013, whichever comes first. The Accredited Purchasing Practitioner (A.P.P.) designation focuses on entry-level purchasing functions for those primarily engaged in the operational side of the supply chain. – The A.P.P. designation is no longer available for testing and is in recertification-only status. Individuals already holding the A.P.P. designation may still apply for reaccreditation.
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CERTIFICATION CPSM ® CriteriaCPSM ® Criteria o 3 years full-time, professional supply management experience (non-clerical, non- support) o Bachelors' degree from an regionally accredited institution or international equivalent o Pass 3 CPSM ® Exams OR if you are a C.P.M. in good standing, pass the CPSM ® Bridge Exam To recertify, CPSM®s must earn 60 Continuing Education Hours (CEHs) during the three-year certification period.
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CERTIFICATION CPSM ® BenefitsCPSM ® Benefits CPSM ® s earn 9.8% more than those without the designation. - Source: ISM 2010 Salary Survey As a CPSM®, your integrated skill set in areas such as finance, supplier relationship management, organizational global strategy and risk compliance will drive value in every link of the supply chain to give you the edge you need in this global Marketplace. Pursuing your CPSM ® qualification is your chance to leverage your knowledge and experience into career advancement. Recognition within ISM affiliate
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CERTIFICATION Benefits to EmployerBenefits to Employer o Supply management affects each step in the development of an organization's products and/or services. CPSM ® professionals have the skill set to effectively implement innovative supply strategies throughout their entire organization. o CPSM ® professionals will be able to gain a clear understanding of their organization's supply operation and supply network while at the same time having the skills to make more accurate and profitable decisions.
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CERTIFICATION Distinguishing the CPSM ® from others o The CPSM ® is targeting supply management professionals who are forward thinking and wish to have a broad understanding of all components of the profession. o Its focus is on strategic supply management, not fundamental or tactical level knowledge and contains the most comprehensive body of knowledge in this area.
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CERTIFICATION CPSM ® CostsCPSM ® Costs o CPSM ® Exams $180 for ISM members / $265 for non-members per exam ($540 / $795 total) o CPSM ® Bridge Exam $180 for ISM members / $265 for non-members per exam o CPSM ® Application $90 for ISM members / $150 for non-members o CPSM ® Recertification $65 ISM members / $100 non-member
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CERTIFICATION CPSM ® ResourcesCPSM ® Resources o CPSM ® Study Guide $59 ISM members / $89 non-members o ISM Professional Series $195 ISM members / $280 non-members
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CERTIFICATION FAQ’s Is there a way to earn your CPSM ® if you do not have a bachelor's degree? o No. If you do not have a bachelor's degree from a regionally accredited institution then you are not eligible for the CPSM ®. ( Our recommendation is to keep recertifying your C.P.M. so that you possess that valuable professional credential.) Is there a lifetime CPSM ® certification? o No. Keeping with the theme of current and relevant, ISM requires recertification every 3 years via 60 CEH’s. Is there an Exam window that I need to be aware of? o No. Exams are electronic and scheduled at your convenience through Pearson VUE testing centers.
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CERTIFICATION Exam ContentsExam Contents The CPSM® examination process consists of three separate exams which together will cover the main components of supply management. Exam content addresses today’s supply environment and workplace complexities, such as risk, strategic sourcing, technology and the increased skills needed for supply professionals to drive value in their organizations. Exam 1: Foundation of Supply Management Negotiation Planning and Strategies Supply Management Spend Analysis Cost/Benefit Analysis Global Sourcing Bid Analysis and Supplier Selection Developing Supply Strategies Supplier Relations and Management Exam 2: Effective Supply Management Performance Terms Used in Forecasting Standardization Key Performance Indicators Information Planning and Control Systems Supply Management Role in Product/Service Development Project Planning, Execution and Control Continuous Improvement Quality and Performance Exam 3: Leadership in Supply Management Supply Management's Mission and Vision Aligning with Business Plans Acquisitions, Mergers and Divestitures Impacting the External Role of Supply Management Working in Teams Supply Management and the Law Risk Assessment and Mitigation Strategic Sourcing Plans Supply Management Analytics Supply Management Strategies
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CERTIFICATION Important DatesImportant Dates o December 31, 2013 — Last day to postmark your C.P.M. Original/Original Lifetime application. $90 / $150 o December 31, 2014 — Last day to register for the CPSM ® Bridge Exam. $180 / $265 o December 31, 2015 — Last day to take the CPSM ® Bridge Exam.
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CERTIFICATION In ConclusionIn Conclusion Questions??? Thank you.
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