Supply Management Certification in Development
The Institute for Supply Management (ISM) will debut a Certified Professional in Supply Management (CPSM) qualification in mid-2008. Until then, interested parties can view the exam and bridge exam’s specifications as a PDF on ISM’s Web site.
According to ISM, the CPSM qualification will allow professionals to prove they have a broad base of strategic expertise in supply management, which it defines as the identification, acquisition, access, positioning and management of resources and related capabilities needed to meet strategic objectives.
ISM elected to introduce this certification based on research it conducted with management consulting firm Knapp & Associates International Inc. Their research concluded the industry needs to address the realities of the state of supply management, particularly as they relate to globalization and the expanded use of technology such as in managing sources of spend data and data-mining tools.
Christina Foster, ISM vice president of certification and diversity, said the institute has seen interest in CPSM on a global level, particularly from Korea, India and China.
“All different service industries are interested in this program,” Foster said. “They view it as covering the breadth and depth of supply management and as integral to keeping up with the changes, updates and expansions of our field.”