This article explains all the steps required in fulfilling your dream of becoming a Certified Purchasing Manager. Have a look!
Production management, it’s vast. It really isn’t possible to sum up the various stages involved in the production process of goods and services. It’s a tough and long process, and it just gets tougher, if the management is inappropriate. Among those critical stages of the production process exists the need of purchasing management, so that all decisions with regards to buying and approving the acquisition of goods and services as required by a company can be taken sagaciously.
The job of a purchasing manager is no less than a social responsibility, since, it is he who determines the level of inventory orders, supplies, and other purchasing decisions for the company. A wrong decision regarding material orders can lead to wastage of resources, and disruption in production process. If you’ve committed yourself to frame a career as a certified purchasing manager, and see yourself negotiating prices with vendors and suppliers a few years down the lane, this article helps you in taking care of the rest. Understand how to become a certified purchasing manager in the content to follow below.
Steps to Become a Certified Purchasing Manager
The foundation to any reputable career is education. In case of purchasing management too, education plays a significant role, since, one cannot become a CPM unless they have a good foundation in math, data analysis, and complex technological programs. With due consideration to the educational requirements for a certified purchasing manager, the following steps explain the entire procedure of becoming a certified purchasing manager in a production employment industry.
1. Earn a Bachelor’s and Master’s Degree
Apart from having a strong background in mathematics and statistics, one needs to obtain a bachelor’s degree in supply chain management, economics or business management. Further, you can choose to devote a couple of years more in obtaining a Master’s degree in the same, as a post-graduate degree always sums up to be an added advantage. Other areas that can prove to be useful are finance, law, and business ethics.
2. Develop the Required Skills
After completion of your degree program, you might want to inculcate the many skills required to groom your individuality. To begin with, you could take training lessons for effective Internet usage and other processing software on the computer. Moreover, you could become familiar with mathematical abilities that will always come handy in analyzing financial as well as technical data. Lastly, those displaying interest in working for international businesses may want to learn a foreign language that will help them while on the go.
3. Enroll for Certified Purchasing Manager Training
To advance your career, you would need to apply for a training program in the Institute of Supply Management, which will grant you the certification to kick-start your career as a certified purchasing manager. This is a universally acknowledged institute that grants purchasing manager certification, where you will get acquainted with the various aspects of professional purchasing, supply chain management concepts, pricing strategies, and international sourcing.
Courses vary from online training programs to legal considerations and conference meetings. Applicants will also get in-house training experience where they will experience the real job by carrying out purchasing processes.
4. Register and Take the Exam
Last but not the least, after learning all modules of the training process, register on the Institute of Supply Management’s website, and pass all modules of the examination. Once you pass with flying colors, you will have to submit an application that will talk about your request for certification. Once you get the certification, you can begin applying for a job in this extremely rewarding profession.
The average annual salary of a certified purchasing manager is somewhere between $50,000 – $110,000! Well, that’s reason enough for you to undertake this career. But this is possible only when you’re in possession of a certification from recognized certification bodies. Now, when you pretty much know about the process of becoming a CPM, it’s time you begin with the hard work, and bask in the pleasure of shopping while working!