Chartered Procurement Manager (CPM)®

  /  Chartered Procurement Manager (CPM)®

Master Strategic Sourcing and Unlock Value with a CPM® Certification

The Chartered Procurement Manager (CPM®) certification sets itself apart by showcasing to future employers that you possess the practical knowledge, deep insights, and professional expertise required to excel in today’s complex procurement landscape. As businesses face increasing demands for advanced procurement management processes and ethical practices, the CPM® certification demonstrates your ability to meet these challenges head-on. Designed specifically for managers, CPM® is the pinnacle of procurement certifications, equipping professionals with advanced skills to lead, innovate, and drive sustainable success in procurement and supply chain management.

Why is it different?

In today’s fast-paced and interconnected world, advanced procurement is the key to staying ahead of the competition. It’s no longer just about sourcing goods and services, it’s about creating value, driving innovation, and building resilient supply chains. Chartered Procurement Manager (CPM)® certification leverages cutting-edge strategies, data-driven insights, and emerging technologies like artificial intelligence to optimize operations and ensure sustainable practices. Whether you’re negotiating critical contracts, managing global suppliers, or reducing risks, advanced procurement equips organizations with the tools to achieve unparalleled efficiency and growth. Transform your business by mastering the art and science of procurement—because the future belongs to those who innovate!

Why Go for CPM® Certification?

The Chartered Procurement Manager (CPM®) certification is designed to empower managers and experienced procurement specialists with the advanced managerial skills needed to excel in procurement operations. It bridges the gap between operational expertise and strategic leadership, equipping professionals to navigate complex procurement challenges effectively. The CPM® certification exam assumes candidates have a close working relationship with procurement processes, making it the ideal choice for those seeking to enhance their ability to manage procurement teams, optimize supply chain efficiency, and drive organizational success. This certification not only validates your expertise but also positions you as a leader in the procurement industry.

American Certified Procurement Professional Certification®

About the CPM® Exam

The Chartered Procurement Manager (CPM®) examination evaluates candidates on advanced procurement management skills, ensuring they possess the knowledge and expertise required to excel in leadership roles. The exam covers major instructional areas, including:

1. Procurement management
2. Plan contracting
3. Contract administration and change control
4. Contract closure
5. Logistics

About the CPM® Exam

The Chartered Procurement Manager (CPM®) examination evaluates candidates on advanced procurement management skills, ensuring they possess the knowledge and expertise required to excel in leadership roles. The exam covers major instructional areas, including:

Strategic Procurement Planning

Developing and implementing long-term procurement strategies aligned with organizational goals.

Supplier Relationship Management

Fostering strong, collaborative partnerships with suppliers and optimizing supplier performance.

Contract and Risk Management

Mastering contract negotiation, legal compliance, and risk mitigation techniques.

Global Sourcing and Supply Chain Integration

Navigating international trade, assessing global risks, and ensuring seamless supply chain operations.

Sustainability and Ethical Procurement

Incorporating environmental and social governance (ESG) principles into procurement practices.

Data Analytics in Procurement

Utilizing advanced analytics and AI-driven tools for informed decision-making and performance optimization.

Digital Procurement Transformation

Implementing and managing e-procurement systems and leveraging emerging technologies like blockchain and IoT.

AI-Driven Decision-Making in Procurement

Developing and implementing long-term procurement strategies aligned with organizational goals.

Learning Outcomes with AI Integration

Graduates of an advanced procurement management program with AI focus will be equipped to:

Leverage AI to streamline procurement processes and enhance decision-making.

Apply advanced analytics to predict risks, optimize costs, and drive supplier performance.

Implement sustainable and ethical procurement practices with AI insights.

Lead digital transformation initiatives in procurement and supply chain management, ensuring efficiency and innovation.

What Skills Will You Learn?

PROCUREMENT DECISION ANALYSIT

Comprehend comprehensive guide showing how procurement data can be extracted, refined and analyzed for insights and more business value.

CONTRACTS PLANNING & PROCESSES

Comprehend types of contracts in procurement. Understand techniques, structured methods and means an organization uses to get what it needs at a good price and on schedule, while still building strong relationships with suppliers and vendors

LOGISTICS IN PROCUREMENT MANAGEMENT

Comprehend the process of sourcing inventory needed to meet demand like optimizing for fast fulfillment and shipping

BIDDING & NEGOTIATION

Comprehend Bidding and Negotiation in the purchasing process and their complexities –

QUALITY & INVENTORY

Comprehend the process of monitoring and maintaining the inventory that organizations procure for the business. The task of inventory management is one of the facets of procurement management that brings the entire process in the supply chain full circle

PROCUREMENT RISK MANAGEMENT

Comprehend risk identifications, risk analysis, risk ranking, risk mitigation and risk monitoring in procurement management.

Who would benefit from ITF+?

A Growing Opportunity in a Technological Era

Procurement management is at the forefront of a rapidly evolving global economy, with demand for skilled professionals expected to rise significantly. According to the U.S. Bureau of Labor Statistics, jobs in procurement and supply chain management are projected to grow at a much faster-than-average rate, with a remarkable 41% increase, adding 3,531,200 new jobs from 2019 to 2029. This growth reflects the expanding need for expertise in sourcing, supply chain efficiency, and resource optimization.
In today’s technology-driven world, 72% of employers identify technology as a critical factor for achieving business goals. For procurement professionals, integrating technology is no longer optional—it’s essential. Foundational IT skills empower procurement teams to streamline purchasing processes, secure innovative goods and services, and strengthen their organization’s competitive edge. A strategically managed procurement function not only optimizes costs but also opens doors to exclusive supplier partnerships, fostering sustainability and long-term growth in a dynamic marketplace.

Exam Codes

Exam CPM® AC-US02

Launch Date

February, 2020

Exam Details

The CPM® exam focuses on the knowledge and skills required to explore the methods used by organizations to acquire the raw materials, components, supplies, equipment, facilities, and services needed to operate. Other topic areas include strategic procurement, procurement process, competitive bidding and negotiation, procurement, and supply management organization, make or buy, price and cost analysis, quality and inventory, supplier selection, supplier development and certification, services procurement.

Number of Questions

Maximum of 100 questions per exam

Type of Questions

Multiple choice

Length of Test

120 Minutes

Passing Score

650 (on a scale of 1000)

Recommended Experience

Must have obtained ACPP® or has 3+ experience as a Procurement Manager or Professional or Specialist

Languages

English

Retirement  

None

Testing Provider 

Affiliate Partner Testing Centers
Online Testing

Price

$399.99 USD