Chartered Procurement Manager (CPM)®

  /  Chartered Procurement Manager (CPM)®

Why is it different?

The American Certified Procurement Professional (ACPP®) certification shows future employers that you have the practical knowledge, insights, and professional expertise to meet increasingly heightened. Procurement management processes and ethics demands. ACPP® certification is a pre-requisite for CPM® which is the standard certification for Managers in Procurement.

Why go for CPM® Certification?

ACPM® certification helps managers or experienced specialists in operational management in procurement in organizations acquire managerial skills of a procurement specialist. The ACPM® certification exam assumes that you have a close working relationship with the procurement process.

American Certified Procurement Professional Certification®

About the exam

The CPM® examination test members in major instructional areas in an advanced Procurement Management skills which include

Major Instructional Areas

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

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+?

Why would you benefit from ITF+?

T jobs are expected to grow much faster than average (11%), adding 531,200 new jobs over the 10-year period 2019-29. (Source: U.S. Bureau of Labor Statistics)

Nearly three-quarters of employers worldwide rate technology as a primary factor in reaching business objectives (72%). (Source: CompTIA International Trends in Technology and Workforce) All workers need fundamental IT skills to use these technologies. The purchasing process will enable the sourcing of those innovative goods and services in the hopes of securing a competitive advantage. In some cases, solidifying (empowering) this function might even yield exclusive deals with suppliers

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