cpsm 91st annual conference presentation
DESCRIPTION
TRANSCRIPT
Session Code: CJUpdate on ISM Qualification
Christina Foster, SPHRVice President, Certification & Diversity
Institute for Supply Management™Monday, May 8, 2006
9:20 – 10:20 am
Certified Professional
in Supply Management
Lead Supply Management
Definition of Supply Management
ISM defines supply management as the identification, acquisition, access, positioning, and management of resources that an organization needs or potentially needs in the attainment of its strategic objectives.
Components Survey Results
Rank Order of Components PercentPurchasing/Procurement 99%Strategic Sourcing 98%Logistics 83%Quality 83%Inventory Control 81%Materials Management 81%Transportation/Traffic/Shipping 79%Disposition/Investment Recovery 75%Warehousing 74%Distribution 71%Receiving 69%Packaging 63%Product/Service Development 63%Manufacturing Supervision 34%
The supply management component is either part of individual’s personal job responsibilities and / or supervisory responsibilities or the responsibility of someone else in the supply management organization.
What are some job titles that will benefit from the new CPSM
qualification?
Strategic Sourcing
Commodity Management
Logistics Management
Supplier Relationship Management
Project Management
Supplier Diversity Management
What We Know So Far……
CPSM will be available 2008Three (3) ExamsFive years of experience
Full-time professional supply management;
non-clerical, non-supportBachelor’s degree from a regionally accredited college or university
Reason for Degree Requirement
Change in supply management profession
Degree is imperative in today’s business environment
Decision is finalThis decision will not be re-evaluated
Ability to recertifyIf you have your C.P.M. – without a degree you may continue to recertify
CPSMAdditional Information
Educational degrees beyond Bachelors do not reduce requirements
No grandfathering from C.P.M. to CPSM Must take the bridge exam
Or ALL Three of the CPSM exams
Cost – not determinedExams, applications, study materials, recertification, etc.
The CPSM Exam and Tasks
Exam specification – Three (3) Exams
Section A - Foundation of Supply Management
Section B – Effective Supply Management Performance
Section C - Leadership in Supply Management
Section A - Foundation of Supply Management
Total - 25 Tasks
Contracting and Negotiations (5)
Cost and Finance (5)
International (3)
Social Responsibility (3)
Sourcing (3)
Supplier Relationship Management (6)
Section B– Effective Supply Management Performance
Total - 24 TasksForecasting (3)
Logistics (4)
Materials and Inventory Management (4)
Organization and Department Assessment (4)
Planning (2)
Product Development (2)
Project Management (2)
Quality (3)
Section C - Leadership in Supply Management
Total - 32 Tasks
Leadership (18)
Risk and Compliance (8)
Strategic Sourcing (6)
# of & allowed
Exam A - 150 scored + 15 un-scored = 165 with
2 hours and 45 minutes allowed
Exam B - 150 scored + 15 un-scored = 165 with
2 hours and 45 minutes allowed
Exam C - 165 scored + 15 un-scored = 180 with
3 hours allowed
Still determining specifics of exam
State of C.P.M.
The C.P.M. will continue to be a valuable designation within the procurement profession
Current C.P.M.s must maintain their designation in good standing by continuing to recertify or be granted lifetime designation
State of C.P.M.
• ISM will cease processing exam registrations for the C.P.M. after December 31, 2008
• If a C.P.M. lapses after December 31, 2008 they will not be able to recertify
• The last date to apply for C.P.M. (postmarked) is December 31, 2013
• ISM will not issue any new C.P.M.’s after January 1, 2014
Indeed a mark of excellence on a global scale; however, does not address many components of supply management
CPSM being positionedmore strategic,
expanded content
reflective of future of supply management
Resource and financial perspective
must align activities with the mission of ISM
Why not continue the C.P.M., since it has significant worldwide recognition?
YES!
• Sign of commitment to professionalism• Opportunity to bridge to new qualification• Standard within the purchasing field• Importance of keeping up with your CEHs and
recertify prior to the CPSM being implemented
Keep your C.P.M. AND you can have the CPSM in 2008!
Should I get my C.P.M. now?
What to do if you are a C.P.M.?
Bridge exam for C.P.M.s in good standing with a bachelor’s degree - One (1) Exam
Will cover contemporary content that is not currently covered on the C.P.M.
Will be available in 2008
You will be able to take bridge exam until December 2014
Recertification Requirements
C.P.M. – 5 years – 84 hours
CPSM – 3 years – 60 hoursCan retake exams for CEHs in last year of certification only
Type of continuing education hours acceptedBusiness related training relevant to your industry hour for hour
Contributions to the profession
College courses
One year grace periodThis will reset your recertification date for the CPSM
C.P.M. if lapses more than a year- will no longer be current
Lifetime – Retirement?Lifetime C.P.M.
Yes. You earned – you keep it!
No Lifetime CPSM
Not even if you have lifetime C.P.M.
If you retire – what happens to your C.P.M.?
If you have more than 18 years of experience you may obtain the Lifetime C.P.M.
May continue to recertify
If you retire – what happens with your CPSM?
May continue to recertify
Timeline for the CPSM, C.P.M. and A.P.P. changes
Last day to apply for A.P.P.
Last day to register for C.P.M. exam
Last day to take C.P.M. exam
Last day to apply for C.P.M.
Last day to register for Bridge exam
Last day to take Bridge exam
February 28, 2007
December 21, 2008
December 31, 2009Also last day for current C.P.M.s to take Module 3-4 to recertify.
December 31, 2013
December 31, 2013
December 31, 2014
Continued Communication
Concerning the C.P.M. and the CPSMRelevant timelines
Relevant information
Make every effort to contact all those affectedE-newsletters, e-mail, snail mail…
Update Web site FAQs and other information
Note: Be sure to sign up to receive new qualification updates on our website
Questions and Answers