fbpx
Select Page

Certified International Procurement Manager (CIPM)

CIPM is an advanced level Certification in Procurement. Enrolment for CIPM is possible after obtaining the CIPP certification. The CIPM certification is specifically designed for individuals who want to enhance their career and get into the senior management level. The course will focus mostly on the strategic aspects of Procurement. The CIPM certification will highlight the skills and expertise required in the industry along with the vast knowledge needed to manage procurement for long-term benefits. Certified International Procurement Manager (CIPM) will help you to understand the complex concepts in purchasing to attain leadership positions. It focuses on fulfilling the strategic goals of an organization through efficient sourcing, supply chain management, contracts management and best ethical practices along with foreseeing the future trends in the industry.

The Esteemed Qualification for Procurement Professionals

Traditionally, the main aim of purchasing was to buy products at the lowest possible price. But purchasing professionals can be effective decision-makers only if they shift their focus from the short-term, opportunistic perspective to the holistic and long-term angle for a better outcome. They need to concentrate on those activities that add strategic value to an organization. So, it shows the emerging need of realizing the significance of procurement over purchasing. Procurement is often mistaken for purchasing. But both are different concepts in terms of the tasks involved and also what they accomplish.

While purchasing is a specific function in procurement that aims to buy goods at an affordable price, procurement takes a holistic view of the entire process focusing on preparing a procurement strategy as per the company goals, supplier selection and management and also ensuring sustainable procurement. Moreover, there is a trend of severe and disruptive incidents around the world that are having negative impacts on businesses. As the majority of raw materials are purchased from multiple suppliers located all around the world, purchasing professionals must develop capabilities to better cope with highly disruptive events. Professional certification in Procurement will make them confident and capable to deal with the issues efficiently and professionally.

Program Benefits

  • Earn an accredited certification from IPSCMI
  • International certification recognized around the globe
  • Acquire skills to deal with complex purchasing scenarios
  • Understand future trends in purchasing
  • Sharpen strategy, planning skills

Download Course Brochure

Course Outline:

Introduction to Purchasing Strategy

  • World Class Purchasing
  • The status of Purchasing & Supply management (PSM)
  • Creating Strategic Plans & Tactics
  • Planning procurement Strategies & Objectives

Logistics & Supply Chain

  • What is Logistics
  • Materials & Distribution Management
  • Reverse Logistics
  • Understanding Supply Chain Management
  • Value Chain Analysis
  • Supply Chain & Purchasing

Financial Decisions for Sourcing

  • What is Price
  • Buyers Role in Managing Purchase Prices
  • Formulating Financial Strategies
  • Supplier Pricing Decisions
  • Price & Cost Analysis
  • Standardizing Purchased Materials

International Trade

  • Ocean Shipping Terminologies
  • Freight Agents
  • Methods of Payments (L/C)
  • Incoterms 2020

Performance & Ethics

  • Purchasing Performance Evaluation
  • Purchasing Audit Approach
  • Benchmarking & Rating
  • Purchasing Ethics
  • Ethical issues Relating to Suppliers
  • Purchasing & Prevention of Fraud

Risk Management in Procurement

  • What is Risk
  • Procurement Challenges
  • Common Types of Procurement Risks
  • Dual Challenges of Risk Management
  • External & Internal Risk Factors
  • Currency Risk Management
  • Steps to Risk Mitigation

Introduction to Contracts

  • What is a Contract
  • Essentials of Contract
  • Managing Contract Compliance
  • Maintaining Procurement Documents & Records

International Purchasing and Supply Chain Management Institute (IPSCMI)

The International Purchasing and Supply Chain Management Institute (IPSCMI) is a prominent professional institute offering purchasing and supply chain management certifications throughout the world. IPSCMI’s purchasing and supply chain management courses and programs are provided around the world by a complete network of alliance partners.  

PROGRAM DIRECTOR

Dr. Sathya Menon
FCIPS, FCILT, FCMI, CPM, CISCM, CPPM, CICCM, CERTIFIED SAP CONSULTANT – SCM/MM

Dr. Sathya Menon is a trailblazer in logistics and supply chain education in the Middle East. He has 25 years of experience (including consulting and training) in the field of Logistics, Supply Chain Management and Purchasing. He has worked with various MNCs like Ericsson, Compaq and large conglomerates like Samtel, Al Futtaim helping them to expand their Supply Chain operations. He has personally trained more than 25,000 professionals in the field of Logistics, Procurement and Supply Chain.

Qualifications  

  • PhD in Logistics and Supply Chain Management
  • MBA in Supply Chain Management
  • MBA in Materials Management
  • FCIPS – Chartered Fellow of the Institute of Purchasing and Supply (CIPS – UK)
  • FCILT– Chartered Fellow of the Institute of Logistics and Transportation (UK)
  • Executive Program in Artificial Intelligence – Future and Impact on Business Strategy – From MIT Sloan School of Management
  • Certified SAP Consultant for Supply Chain Management from SAP, Germany
  • FCMI – Fellowship from Chartered Management Institute (CMI), UK
  • Certified Purchase Manager (CPM) from Institute of Supply Chain Management (ISM) , USA
  • Certified International Supply Chain Manager (CISCM) from International Purchasing and Supply Chain Management Institute (IPSCMI), USA
  • Certified International Commercial Contracts Manager (CICCM) from from International Purchasing and Supply Chain Management Institute (IPSCMI), USA
  • Certified International Professional Training Consultant (CIPTC) from American Certification Institute (ACI), USA
  • Certified Professional Purchasing Manager (CPPM) from American Purchasing Society (APS), USA
  • Certified Purchasing Professional (CPP) from American Purchasing Society

Download Course Brochure