Whether you want to stand out in your current career role or take your expertise to the next level, becoming a Certified Professional in Supply Management (CPSM) is essential. A CPSM certification will set you apart as an expert in critical areas of global supply chain management such as sustainability, strategic sourcing & forecasting and risk/compliance. As an ISM member you will receive discounted exam pricing and have access to exclusive online study materials and resources.
If your responsibilities include supplier diversity, expand your knowledge by becoming a Certified Professional in Supplier Diversity (CPSD). Professionals who participate in the development of diverse supplier initiatives within their organization also earn their CPSM to set themselves apart as leaders in the field. There’s no better way to demonstrate to your employer, colleagues, customers and suppliers that you adeptly speak the language of purchasing and supply chain.
Learn to differentiate between price and cost and when to use price analysis for determining the reasonableness of price. Expand your understanding of pricing theory and the competitive process. Learn when competitive bidding works well and when it doesn't. Explore the hierarchy and techniques of price analysis and what it means to obtain a "fair and reasonable price." Finally, review four supplementary tools of price analysis.