If you're looking to advance your career in supply management, achieving the CPSM certification can be a valuable asset. CPSM stands for Certified Professional in Supply Management, a certification offered by the Institute for Supply Management (ISM). The CPSM certification is recognized globally and demonstrates your expertise in supply management. To earn the CPSM certification, you must pass a comprehensive exam that covers various topics related to supply management. In this article, we'll provide you with everything you need to know to pass the CPSM exam.
Exam Objectives:
- Strategic sourcing
- Supplier relationship management
- Contracting and negotiation
- Leadership and business acumen
- Financial analysis
- Risk and compliance management
- Global sourcing
The CPSM exam is designed for supply management professionals who want to demonstrate their expertise in supply management. To take the CPSM exam, you must meet one of the following qualifications:
- A bachelor's degree from an accredited institution and three years of full-time, professional supply management experience.
- A non-accredited bachelor's degree and five years of full-time, professional supply management experience.
- Hold a CPSM certification and have three years of full-time, professional supply management experience.
Exam Details:
The CPSM exam is a computer-based test that consists of 165 multiple-choice questions. The exam is three hours long and costs $699 for non-members and $599 for members of ISM. The passing score for the exam is 400 out of a possible 600 points. The exam is offered year-round at Pearson VUE test centers, and you can schedule your exam at a convenient time and location for you.
Related Books:
ISM offers a variety of study materials to help you prepare for the CPSM exam, including books, online courses, and study guides. Here are some of the most recommended books to help you pass your CPSM exam:
- CPSM Exam Study Guide: Test Prep and Practice Questions for the Certified Professional in Supply Management Exam by Trivium Test Prep
- CPSM Study Guide 2022-2023: A Comprehensive Review and Step-By-Step Guide to Passing the CPSM Exam on Your First Attempt by Apex Test Prep
- Supply Management by Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, and James L. Patterson
- Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models for Modern Procurement by Bonnie Keith and Kate Vitasek
Preparing for the CPSM exam requires a comprehensive understanding of supply management concepts, so it's essential to utilize various study materials and resources to ensure your success. The more you prepare, the more confident you'll be when taking the exam.
In conclusion, passing the CPSM exam is a valuable asset to demonstrate your expertise in supply management. To pass the exam, you need to be knowledgeable in various topics related to supply management, including strategic sourcing, supplier relationship management, contracting and negotiation, leadership and business acumen, financial analysis, risk and compliance management, and global sourcing. Utilizing study materials and resources can help you prepare for the exam, and with enough preparation and dedication, you can pass the CPSM exam
and achieve your certification, which can open up new opportunities for your career in supply management.
Overall, the CPSM certification is a well-respected certification in the supply management field, and passing the CPSM exam can demonstrate your expertise and enhance your credibility in the industry. By understanding the exam objectives, exam details, and utilizing various study materials, you can prepare effectively for the CPSM exam and increase your chances of passing. We wish you the best of luck on your journey towards achieving your CPSM certification!