C.P.M. Module 1: Purchasing Process

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Exam Number : 630-005
Exam Name : C.P.M. Module 1: Purchasing Process
Vendor Name : ISM
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630-005 exam Format | 630-005 Course Contents | 630-005 Course Outline | 630-005 exam Syllabus | 630-005 exam Objectives

Exam Specification:

- exam Name: 630-005 C.P.M. Module 1: Purchasing Process
- exam Code: 630-005
- exam Duration: Varies (typically around 90-120 minutes)
- exam Format: Multiple-choice questions

Course Outline:

1. Introduction to Purchasing
- Understanding the role and importance of purchasing in an organization
- Exploring the key objectives and responsibilities of the purchasing function
- Examining the impact of effective purchasing on organizational performance

2. Purchasing Process Overview
- Understanding the stages and components of the purchasing process
- Exploring the various steps involved in purchasing goods and services
- Identifying key considerations and best practices at each stage of the process

3. Sourcing and provider Selection
- Conducting provider market research and analysis
- Developing provider selection criteria and evaluating potential suppliers
- Managing the provider selection process and negotiating contracts

4. Purchase Order Processing
- Creating and managing purchase orders
- Coordinating with internal stakeholders and suppliers for order fulfillment
- Tracking and managing purchase order status and delivery

5. provider Performance Management
- Monitoring and evaluating provider performance
- Establishing provider performance metrics and benchmarks
- Implementing strategies to Boost provider performance and relationships

6. Legal and Ethical Considerations
- Understanding legal and regulatory requirements in purchasing
- Ensuring compliance with ethical standards and codes of conduct
- Managing risks and mitigating legal and ethical issues in purchasing

Exam Objectives:

1. Demonstrate understanding of the role and importance of purchasing in an organization.
2. Describe the stages and components of the purchasing process.
3. Apply best practices for sourcing and provider selection.
4. Demonstrate proficiency in creating and managing purchase orders.
5. Implement strategies for provider performance management.
6. Understand legal and ethical considerations in purchasing.

Exam Syllabus:

The exam syllabus covers the following subjects (but is not limited to):

- Introduction to Purchasing
- Purchasing Process Overview
- Sourcing and provider Selection
- Purchase Order Processing
- provider Performance Management
- Legal and Ethical Considerations

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