Supply Certifications Comparison - CPSM Training · PDF file105 questions for the Basic exam...
Transcript of Supply Certifications Comparison - CPSM Training · PDF file105 questions for the Basic exam...
A Comparison of Supply Management Certifications:CPSM, CPSD, CPIM and CSCP
by Jack Quinn Solutions, LLC
The profession of supply chain management has evolved to a critical skill needed by businesses of all sizes. Businesses that manage their supply chain are 73% more profitable and realize a 40% return on their investments in supply chain management. For professionals in this career field, they have the potential to start at $51K per year and work their way up the ladder to over $200K when they become a Chief Procurement Officer for their company.
When a supply chain professional earns certification, not only are they well qualified for higher positions, but also are positioned to earn 8-10% more than their peers who are not certified (ISM 2013 Salary Survey).
As the supply chain profession becomes more competitive for the best people, companies are looking for experienced supply chain professionals who have certifications to prove that they are an expert of at least one of the following fields: operations, supply, inventory, production, and supplier management. However, Supply chain professionals are bewildered due to an array of options that they can choose in terms of certifications available to them.
This only means that your career will have a significant trajectory once you earn a certificate in any Supply Chain Management Certifications. A certificate program gives you tools and ideas that will help shape and define your leadership, decision-making, and inventory and procurement skills. Individuals who are just starting up a career in the Supply Chain Management often get confused on what certificate they should earn. Every Supply Chain Professional should remember to only choose certifications that are significantly recognized.
This article will discuss widely acknowledged supply chain certifications that can help you not only land on a job, but also earn you 8-10% more than non-certified people:
• Certified Professional in Supply Management (CPSM)
• Certified Professional in Supplier Diversity (CPSD)
• Certified Supply Chain Professional (CSCP)
• Certificate in Production and Inventory Management (CPIM)
4 Supply Management Certification that can help you land a better job
The Institute for Supply Management (ISM) offers the supply chain certificate programs CPSM and CPSD, and the Association for Operations Management (APICS) offers CSCP and CPIM. Any of these certifications demonstrate your commitment to professional development and a desire to do more than the minimum. The differences between the certification are the areas of focus, your career goals, and the qualification requirements.
The certification you choose to pursue should align with your career goals because the investment of time and money to achieve these certifications can be significant. Since the long-term benefits once certified are substantial, your time investment needs to immediate with a guaranteed result, so consider how much time you need to commit to achieve a guaranteed result of certification.
APICS ISM
CPIM: Certified in Production and Inventory ManagementCSCP: Certified Supply Chain Professional
CPSD: Certified Professional in Supplier DiversityCPSM: Certified Professional in Supply Management
Supply Chain Certification Providers:APICS and ISM
CSCPCPSM CPIM CPSD
Certified Professional in Supplier Diversity
is a professional designation for
supply leaders who demonstrate
understanding, skills and proficiency in
supplier and strategic diversity
The whole program provides you with an ability to comprehend
and assess production and
inventory activities within your
company’s global operation.
CSPC is similar to the CPSM and
provides a certification for
professionals who seek broad overview
in Supply Chain Management
Focused on supply chain management,
covering the technical, managerial and leadership skills required for career
professionals.
3 Exams
$199 USD per exam
$329 USD per exam
2 Exams
$165 USD per exam
$250 USD per exam
Members:
Non-members:Non-members:
Members:
5 Exams
$199 USD
$329 USDNon-members:
Members:$630 USD
$830 USD
Members:
Non-members:
1 Exam
Comparison of Prices and Number of Exams
R e c e r t i f i c a t i o n
3 years 5 years 5 years 3 years
Comparison of Exam Modules
CPSM CSCP CPIM CPSD
3 Exams 1 Exam 5 Exams 2 Exams
CPSM Exam1: 165 questions
CPSM Exam2: 165 questions
CPSM Exam3: 180 questions
175 questions covers four modules
105 questions for the Basic exam and 75 questions for the rest
CPSM Exam1: 165 questions
CPSD Test: 120 questions
Exam Focus:CPSM Exam 1: Foundations in Supply Management
CPSM Exam 2: Effective Supply Management Performance
CPSM Exam 3: Leadership in Supply Management
Exam Focus: Supply chain management fundamentals, building a competitive Infrastructure, managing customer and supplier relations, using information technology to enable effective supply chain management
Exam Focus: Module 1: Basics of Supply Chain Management
Module 2: Master Planning of Resources
Module 3: Details Scheduling and Planning
Module 4: Execution and Control of Operations
Module 5: Strategic Management Resources
Exam Focus: Policies and planning, sourcing supplier development, finance/budgeting. training and development, advocacy, marketing and outreach to suppliers.
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