The profession of supply chain management has evolved to a critical skill needed by businesses of all sizes. Businesses that manage their supply chain are 73% more profitable and realize a 40% return on their investments in supply chain management. For professionals in this career field, they have the potential to start at $51K per year and work their way up the ladder to over $200K when they become a Chief Procurement Officer for their company. When a supply chain professional earns certification, not only are they well qualified for higher positions, but also are positioned to earn 8-10% more than their peers who are not certified (ISM 2013 Salary Survey). As the supply chain profession becomes more competitive for the best people, companies are looking for experienced supply chain professionals who have certifications to prove that they are an expert of at least one of the following fields: operations, supply, inventory, production, and supplier management. However, Supply chain professionals are bewildered due to an array of options that they can choose in terms of certifications available to them. This only means that your career will have a significant trajectory once you earn a certificate in any Supply Chain Management Certifications. A certificate program gives you tools and ideas that will help shape and define your leadership, decision-making, and inventory and procurement skills. Individuals who are just starting up a career in the Supply Chain Management often get confused on what certificate they should earn. Every Supply Chain Professional should remember to only choose certifications that are significantly recognized. This article will discuss widely acknowledged supply chain certifications that can help you not only land on a job, but also earn you 8-10% more than non-certified people:
- Certified Professional in Supply Management (CPSM)
- Certified Professional in Supplier Diversity (CPSD)
- Certified Supply Chain Professional (CSCP)
- Certificate in Production and Inventory Management (CPIM)
CPSM Is the foundation for a career in supply management
CPSM was launched in 2008 and this certification is focused on supply chain management, covering the technical, managerial, and leadership skills required for career professionals. The certification was developed in 2005 from a survey conducted by ISM. The survey asked supply professionals from companies generating $1 Billion in annual revenue what competencies they needed in their team. The results were the CPSM Certification that evaluated a person’s competencies in 14 areas required to manage a supply chain from end-to-end. As an individual deciding which certification to pursue, you should note that ISM conducted a salary survey in 2013 that showed professionals with CPSM earn 9% more than those who are not certified, so certification is important. Purpose of CPSM CPSM exam certifies that you have key competencies in the areas of supplier relationship administration, risk compliance, finance, organization global strategy and that you are a leader in the supply chain management profession. Eligibility or Qualifications to take the CPSM Supply leaders who opt to take the CPSM exam must meet the following CPSM Qualifications:- Three (3) years full-time, professional supply management experience with a regionally accredited bachelor's degree (non-clerical, non-support) or five (5) years of supply management experience (non-clerical, non-support) without a degree.
- Pass 3 CPSM® Exams OR if you are a C.P.M. in good standing, passed the Bridge Exam
- Cost & Finance
- Contracting and Negotiation
- International
- Social Responsibility
- Sourcing
- Supplier Management
- Forecasting
- Logistics
- Materials and Inventory Management
- Organization/ Department Management
- Planning
- Project Management
- Product Development
- Quality
- Leadership
- Risk and Compliance
- Strategic Sourcing
CPSD is suited for supply professionals in charge of diversity programs
The Certified Professional in Supplier Diversity was launched in January 2011 after the successful pilot testing that was participated by more than 200 professionals in November 2010. Purpose of CPSD Certified Professional in Supplier Diversity is a professional designation for supply leaders who demonstrate understanding, skills and proficiency in supplier and/or strategic diversity. Diversity programs are increasing in popularity due to the significant impact they have on local businesses. This certification is necessary for people required to develop and manage diversity programs because the certification grounds you in the skills required to manage diverse suppliers and leverage the benefits of small businesses. Eligibility or Qualifications for the CPSD- Successfully pass Exam 1 of the Certified Professional in Supply Management®(CPSM®). This requirement is waived if the candidate holds a current C.P.M. or CPSM.
- Minimum of five years professional (non-clerical, non-support) supplier diversity or supply management experience (does not need to be primary function), OR three years of professional (non-clerical, non-support) supplier diversity or supply management experience IF the candidate has a bachelor's degree from a regionally accredited college or university (or international equivalent).
- Certified in Supplier Diversity
- Policies and Planning
- Sourcing/Supplier Development
- Finance/Budgeting
- Metrics/Oversight
- Training and Development
- Advocacy/Marketing/Outreach
CPIM is Ideal for Professionals in Inventory Management
Certificate in Production and Inventory Management’s inception was in 1973. It is considered as the most recognized certification in Supply Chain Management. You should note that the APICS Operations Management Outlook survey showed that professionals with CPIM earn up to 14% more in annual compensation than those who are not certified, so certification is important. Purpose of CPIM Get the CPIM if you want to become an expert in planning and scheduling inventory management. The whole program provides you with an ability to comprehend and assess production and inventory activities within your company’s global operations. If you plan to focus your career in manufacturing, then CPIM is the best certification for you. As you seek more responsibility with higher paying positions, you should consider other certifications that look at all aspects of the supply chain that builds on the CPIM certification. Eligibility or Qualifications to take the CPIM- No bachelor’s degree is required
- You need two or more years of experience in the field
- Module 1: Basics of Supply Chain Management
- Module 2: Master Planning of Resources
- Module 3: Details Scheduling and Planning
- Module 4: Execution and Control of Operations
- Module 5: Strategic Management of Resources
CSPC is fit for General Supply Chain Careers
Certified Supply Chain Professional was first launched in 2006. CSPC is similar to the CPSM and provides a certification for professionals who seek broad overview in Supply Chain Management for the manufacturing industry. A CSPC’s salary varies greatly depending in the company, location, industry and experience. Purpose of CSPC The CSPC teaches professionals to have a broad perspective in supply chain management, view relations between planning, manufacturing, sourcing and delivery and also oversee how the supply chain integrates. Eligibility or Qualifications to take the CSPC To be eligible for the APICS CSCP designation, you must have:- The APICS CPIM, CFPIM, or CIRM; or C.P.M., or CPSM designations plus two years of related business experience, or
- Bachelor's degree or equivalent plus two years of related business experience, or
- Five years of related business experience.
- Module 1: Supply Chain Fundamentals
- Module 2: Supply Chain Strategy, Design, and Compliance
- Module 3: Implementation and Operations
- Personalized study plan based on diagnostic test;
- Interactive instruction that bring the material to live and easier to recall;
- One-on-one coaching to get personal attention;
- Assigned certification coach that will walk you through the entire process;
- Teach you exam strategies and many more!