CPSM Overview for ISM Finger Lakes (1)

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The CPSM® Program Why the CPSM® Program Was Developed The purchasing and supply management profession has been changing. Those involved in purchasing in the past are now much more involved in most aspects of the supply chain. ISM recognizes that changes in the field demand that the CPSM® reflect the skills necessary for both today and tomorrow. The CPSM® addresses globalization and expanded competencies that supply management professionals employ to drive value in their organizations. As the sco
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  The CPSM  ®  Program Why the CPSM  ®  Program Was Developed  The purchasing and supply management profession has been changing. Those involved inpurchasing in the past are now much more involved in most aspects of the supply chain. ISMrecognizes that changes in the field demand that the CPSM ® reflect the skills necessary for bothtoday and tomorrow.The CPSM ® addresses globalization and expanded competencies that supply managementprofessionals employ to drive value in their organizations. As the scope of the job has evolved,and technology became key to most supply management activities, there was a need to developa qualification program to certify those performing these types of jobs.In developing the specifications for, and content of, the Exam, ISM developed a definition of supply management: The identification, acquisition, access, positioning, management of resources and related capabilities the organization needs or potentially needs in the attainment of its strategic objectives. Supply management involves many components. It involves a scan of all organizations andprocesses in the supply chain, from srcinal creation of products and services through theorganization obtaining and using them, all the way out to the customer eventually acquiring andconsuming them. This involves analyzing steps and flows, handlings, movements, transactions,costs and information. ISM maintains a list of supply management components. Components of Supply Management  ã Disposition/Investment Recovery ã Distribution ã Inventory Control ã Logistics ã Manufacturing Supervision ã Materials Management ã Packaging ã Product/Service DevelopmentPage 1 © Copyright 2010 Institute for Supply Management™. All rights reserved.Edited and Presented by Philip James Inc.  ã Purchasing/Procurement ã Quality ã Receiving ã Strategic Sourcing ã Transportation/Traffic/Shipping ã WarehousingThe following chart shows the results of an ISM job analysis survey asking supply managers torate each component and indicate whether each component is part of his/her personal jobresponsibilities and/or part of his/her supervisory responsibilities.   How the CPSM  ®  Program Was Developed  In 2004, ISM contracted with a firm to conduct a market research study comparing the CertifiedPurchasing Manager (C.P.M.) to other certification programs. As a result of this study, ISMelected to discontinue issuing new Accredited Purchasing Practitioner (A.P.P.) designations,although current A.P.P.’s can still recertify. A strong recommendation from the study was that ISMshould conduct a job analysis to determine the scope of responsibilities of supply managementprofessionals in the real world.Page 2 © Copyright 2010 Institute for Supply Management™. All rights reserved.Edited and Presented by Philip James Inc.  ISM completed the recommended job analysis in 2005. A complete review of the results showedthat there was a sixty percent (60%) difference between the skill sets necessary for supplymanagement and the C.P.M. The conclusion was that this gaping difference made it too difficultto stay with the C.P.M. Combined, the market research study and the job analysis set the stagefor the CPSM ® .So, you can see that significant market research was conducted in developing the CPSM ® . The job analysis process ranged from surveying to focus groups of and meetings with supplymanagement professionals with varied amounts and expanse of experience. Participatingindividuals worked at a level of manager or higher and were employed by organizations withrevenues of more than US $1 billion from various industries.The CPSM ® Exams are not “final exams” in the field of supply management. The Exams are notdesigned to cover the content of any particular course or curriculum in the area of supplymanagement. Rather, they are designed to reflect the knowledge areas needed to perform theimportant occupational duties of professionals employed in the field of supply management.Based on the results of the research and job analysis, ISM’s Professional Credentials Committeerecommended program content for the CPSM ® to the ISM Board of Directors. Certified Purchasing Manager (C.P.M.) Information The Certified Purchasing Manager (C.P.M.) program is not going away; however, no more C.P.M.Exams will be given. Although all srcinal applications for certifications must be sent in byDecember 31, 2013, C.P.M.’s in good standing may continue to re certify indefinitely. If a currentC.P.M. would like to apply for a lifetime C.P.M., the applicant must meet all requirements andapply by December 31, 2013. Also note that Continuing Education Hours (CEHs) may be used torecertify for C.P.M. as well as to certify or recertify for the CPSM ® .You can find additional information on the C.P.M. on ISM’s Web site. CPSM  ®  Bridge Exam Timeline The CPSM ® Bridge Exam is a single exam for C.P.M.s in good standing who wish to earn theCPSM ® designation. When a C.P.M. applies for the CPSM ® after passing the Bridge Exam, theymust also meet the non-Exam requirements for CPSM ® , including minimum work experience andeducational qualifications. The CPSM ® Bridge Exam was developed for supply managementprofessionals who hold a valid C.P.M. It is expected that those who hold the C.P.M. credentialalready have a thorough grasp of the knowledge covered in the C.P.M. Exam. Thus, content thatis C.P.M.-specific is not part of the CPSM ® Bridge Exam. The Exam is comprised of 180questions (all scored) and candidates will be allowed three (3) hours to test.Page 3 © Copyright 2010 Institute for Supply Management™. All rights reserved.Edited and Presented by Philip James Inc.  Candidates may register for the CPSM ® Bridge Exam until December 31, 2013, and have up to one year from the date they register  for the Bridge Exam to take the Exam. The last day toregister for the CPSM ® Bridge Exam is December 31, 2013 and the last day to take the CPSM ® Bridge Exam is December 31, 2014. CPSM  ®  Requirements In order to attain the CPSM ® designation, a candidate must meet the following requirements:1.Have three (3) years of full-time professional (nonclerical, nonsupport) experience2.Have a bachelor’s degree from a regionally-accredited college or university or international equivalent o For bachelor’s degrees earned outside the United States, ISM has compiled a listof accepted degrees by country. View them at www.ism.ws; select ProfessionalCredentials, then Certification Forms, then International Degrees Accepted byISM. There are instances when a degree may require further evaluation.3.Pass the three CPSM ® Exams: Exam 1 – Foundation of Supply Management, Exam 2 –Effective Supply Management Performance and Exam 3 – Leadership in SupplyManagement o Note that C.P.M.’s in good standing with a bachelor’s degree have the option of taking the CPSM ® Bridge Exam. It is a single exam covering contemporarycontent and material not covered in the C.P.M. Exam.4.Once all required CPSM ® Exams have been passed, apply for certification CPSM  ®  Recertification Requirements Because the profession continues to increase in complexity, continuing education plays a major role in making sure supply management professionals stay current on the latest supplymanagement best practices. CPSM ® s are required to recertify every three (3) years with sixty (60)Continuing Education Hours (CEHs).Categories for earning CEHs include college courses and seminars, taken or taught; contributionsto the profession; and publication of articles. Candidates who do not recertify every three years,will be given a one-year grace period in which to recertify with no penalty. Candidates in their grace period will not be recognized as CPSM ® s nor will they be allowed to use the designation.Page 4 © Copyright 2010 Institute for Supply Management™. All rights reserved.Edited and Presented by Philip James Inc.
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