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

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Questions and Answers