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Certification Path for CPSM® Certified Professional in Supply Management®
The exam does not have any certificate pre-requisite but demands the following before a candidate can sit for an exam:
- You have 2-3 years of involvement controlling stock chains
- You can decipher and make an interpretation of business necessities to supply chains
- You're a master with regards to work processes, plans, and different highlights accessible through supply chains
- You can keep supply chains sound since you handle what your decisions mean for supply chains' exhibition, adaptability, and everyday sensibility
- You realize how to exploit store network assets and local area to help your group carry out accepted procedures inside supply chains
Reference: http://www.ism-nva.org/exam-1-cpsm-foundation-of-supply-management.html
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What is the cost of CPSM® Certified Professional in Supply Management®
The cost of CPSM® Certified Professional in Supply Management® is $250.
- Number of Questions: 70-80
- Passing Score: 54%
- Format: Multiple choices, multiple answers
- Length of Examination: 180 minutes
ISM CPSM Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Analysis | 3% | - Financial statements and supplier financial health - Budgeting and cost control |
| Topic 2: Category Management | 20% | - Category strategy development - Performance and risk management by category - Spend analysis and segmentation |
| Topic 3: Supplier Relationship Management | 15% | - Collaboration and continuous improvement - Supplier performance measurement - Risk mitigation and supplier development |
| Topic 4: Legal and Contractual Issues | 15% | - Contract formation and administration - Terms and conditions, Incoterms® - Contract types and structures - Compliance, ethics, and legal obligations |
| Topic 5: Cost and Price Management | 7% | - Total Cost of Ownership (TCO) analysis - Cost modeling and price analysis - Cost reduction and value analysis |
| Topic 6: Sourcing | 25% | - Make-or-buy and insourcing/outsourcing decisions - Supplier qualification and selection - RFx development and solicitation - Market analysis and supplier identification - Needs assessment and sourcing planning |
| Topic 7: Negotiation | 15% | - Negotiation planning and strategy - BATNA and target setting - Conducting negotiations and conflict resolution - Concession and agreement finalization |
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