The cost of CPSM® Certified Professional in Supply Management® is $250.
Reference: http://www.ism-nva.org/exam-1-cpsm-foundation-of-supply-management.html
Through this certification, you can:
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The most important characteristic of a test is its validity, which is defined as the degree to which the test measures what it purports to measure. As is typically the case with occupational-qualification examinations, the exam was developed to be a content-valid test, meaning that the exam content reflects the knowledge, skills and abilities (KSAs) associated with a level of manager and above. These KSAs were determined through a job analysis that outlined the major tasks performed by a supply management professional in a variety of settings. The KSAs needed to perform each task were identified by a committee of experts representing various industries at the manager level or above, and the tasks and KSAs were used to construct the exam specifications.
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The salary of CPSM® Certified Professional in Supply Management® certified professionals varies from $102K to $156K depending on the years of experience.
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| Section | Objectives |
|---|---|
| Sourcing | - International sourcing - Supply market analysis - Strategic sourcing processes - Supplier selection and evaluation |
| Supplier Relationship Management | - Supplier performance measurement - Collaboration and partnership - Supplier development |
| Cost and Price Management | - Cost analysis - Price analysis - Total cost of ownership |
| Negotiation | - Conflict resolution - Negotiation planning - Negotiation techniques |
| Category Management | - Category strategies - Demand management - Spend analysis |
| Legal and Contractual | - Terms and conditions - Contract formation - Ethics and compliance - Commercial law principles |
| Financial Analysis | - Budgeting and forecasting - Financial statements - Investment and risk analysis |
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