PDF Version DemoUnderstanding functional and technical aspects of CPSM® Certified Professional in Supply Management® Manage Content/ Monitor & Maintain
The following will be discussed in ISM CPSM exam dumps:
- Conduct spend analysis to determine strategies for specific categories
- Develop cost management program strategies for purchases
- Perform cost/benefit analyses
- Track and validate cost savings and cost avoidance
Salary of CPSM® Certified Professional in Supply Management® certified professionals
The salary of CPSM® Certified Professional in Supply Management® certified professionals varies from $102K to $156K depending on the years of experience.
Reference: http://www.ism-nva.org/exam-1-cpsm-foundation-of-supply-management.html
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ISM CPSM Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost and Price Management | 7% | - Cost reduction and value analysis - Total Cost of Ownership (TCO) analysis - Cost modeling and price analysis |
| Topic 2: Supplier Relationship Management | 15% | - Collaboration and continuous improvement - Supplier performance measurement - Risk mitigation and supplier development |
| Topic 3: Financial Analysis | 3% | - Financial statements and supplier financial health - Budgeting and cost control |
| Topic 4: Legal and Contractual Issues | 15% | - Compliance, ethics, and legal obligations - Terms and conditions, Incoterms® - Contract formation and administration - Contract types and structures |
| Topic 5: Negotiation | 15% | - Conducting negotiations and conflict resolution - Negotiation planning and strategy - Concession and agreement finalization - BATNA and target setting |
| Topic 6: Sourcing | 25% | - Supplier qualification and selection - RFx development and solicitation - Market analysis and supplier identification - Make-or-buy and insourcing/outsourcing decisions - Needs assessment and sourcing planning |
| Topic 7: Category Management | 20% | - Spend analysis and segmentation - Performance and risk management by category - Category strategy development |
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