Certification
Certified Professional in Supply Management (CPSM)
Institute for Supply Management
Median earnings
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Cost
$1,262
Duration
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Completion
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CPSM® is globally recognized as the gold standard of excellence for supply management professionals. Developed by ISM, the leader in supply management education, the CPSM® credential is recognized across industries.
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Skills taught
Assess stakeholder needs and develop sourcing plans through analysis of potential sources, insourcing/outsourcing strategy, and strategic sourcing executionPrepare and evaluate competitive solicitations including bids, quotations, and proposals aligned with cost, timing, and contract requirementsDevelop and execute category management plans to meet organizational key objectivesPrepare and conduct negotiations using strategies and tactics aligned with organizational objectivesManage contract preparation, award, administration, and legal review to ensure supply management complianceDevelop and manage supplier relationships through qualification planning, performance evaluation, SLA reviews, business reviews, and supplier exit strategiesImplement cost management strategies through cost/benefit analysis, spend analysis, and cost savings and avoidance trackingDevelop financing strategies and administer supply management budgets with sufficient financial reportingDevelop and implement supply chain strategy including material standardization, requirements planning, inventory control, and business strategy alignmentConduct demand planning and sales and operations planning incorporating sales, inventory, and capacity forecastsDevelop and communicate supply forecasts based on market conditions, economic trends, and benchmarking dataSupport new product and service development including ramp-up and ramp-down strategies and process improvements to meet sales goalsImplement supplier quality certification programs, quality measurements, and continuous improvement processes across the supply chainDesign and manage transportation, distribution, and warehouse operations to ensure optimum material flow and regulatory complianceDevelop and implement inventory management systems and network optimization strategies to reduce shortages and lower operating costsConduct investment recovery activities for surplus and obsolete materials and identify cost-effective packaging solutionsPerform project management activities in support of supply chain and organizational objectivesParticipate in organization-wide strategy development including objective setting, budgeting, and business planningEngage internal and external stakeholders through cross-functional team leadership, supply management communications, and organizational representationDevelop and manage supply management personnel through hiring, training, performance evaluation, succession planning, and organizational structure assessmentApply technology-driven processes and market research to analyze data and maintain competitive advantageImplement risk management and claims management programs including risk mitigation planning, third-party risk monitoring, and compliance measurementDevelop and enforce corporate social responsibility programs covering supplier diversity, sustainability, health and safety, and anti-discrimination policies