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Understanding functional and technical aspects of CPSM® Certified Professional in Supply Management® Identify Requirements
The following will be discussed in ISM CPSM exam dumps:
- Prepare and/or administer a supply management department budget
- Verify that sufficient reporting exists
- Develop financing strategies for purchases
Certification Path for CPSM® Certified Professional in Supply Management®
The exam does not have any certificate pre-requisite but demands the following before a candidate can sit for an exam:
- You're a master with regards to work processes, plans, and different highlights accessible through supply chains
- You have 2-3 years of involvement controlling stock chains
- You realize how to exploit store network assets and local area to help your group carry out accepted procedures inside supply chains
- You can keep supply chains sound since you handle what your decisions mean for supply chains' exhibition, adaptability, and everyday sensibility
- You can decipher and make an interpretation of business necessities to supply chains
Reference: http://www.ism-nva.org/exam-1-cpsm-foundation-of-supply-management.html
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ISM CPSM Korean Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Analysis | 3% | - Budgeting and cost control - Financial statements and supplier financial health |
| Topic 2: Negotiation | 15% | - Concession and agreement finalization - BATNA and target setting - Conducting negotiations and conflict resolution - Negotiation planning and strategy |
| Topic 3: Legal and Contractual Issues | 15% | - Terms and conditions, Incoterms® - Compliance, ethics, and legal obligations - Contract types and structures - Contract formation and administration |
| Topic 4: Cost and Price Management | 7% | - Total Cost of Ownership (TCO) analysis - Cost reduction and value analysis - Cost modeling and price analysis |
| Topic 5: Supplier Relationship Management | 15% | - Collaboration and continuous improvement - Risk mitigation and supplier development - Supplier performance measurement |
| Topic 6: Sourcing | 25% | - RFx development and solicitation - Needs assessment and sourcing planning - Make-or-buy and insourcing/outsourcing decisions - Market analysis and supplier identification - Supplier qualification and selection |
| Topic 7: Category Management | 20% | - Performance and risk management by category - Category strategy development - Spend analysis and segmentation |
