Wednesday, October 27, 2010

PMAC and ISM Announcement

PMAC and ISM announce reciprocity for professional designations

Toronto – The Purchasing Management Association of Canada (PMAC) and the Institute for Supply Management™ (ISM) have entered into an agreement with the goal of providing reciprocity between each organization’s globally recognized designation. PMAC offers the Supply Chain Management Professional™ (SCMP™) designation and ISM offers the Certified Professional in Supply Management® (CPSM®). The reciprocity agreement allows purchasing and supply management professionals holding one designation to apply for and receive the reciprocal designation, provided they meet specific criteria.

Cheryl Paradowski, PMAC’s president and CEO, said, “In a global marketplace, designation reciprocity is extremely valuable. This will open up opportunities for designation-holders who now gain greater mobility and recognition. Not only will this increase their international marketability, but it helps to expand the profile of the entire supply chain management profession.”

According to ISM CEO Paul Novak, CPSM, C.P.M., A.P.P., MCIPS, both designations represent mastery of complex skills, an extensive knowledge base and professional maturity. “There is a high degree of congruence between all aspects of the SCMP™ and CPSM®,” Novak said. “Allowing SCMP™- and CPSM®-holders to leverage their designations to secure even greater professional credibility also benefits the wider business community.”

Professionals holding the CPSM® designation may apply for and receive the SCMP™ credential provided they meet several conditions including payment of PMAC membership fees and fulfilling requirements set by PMAC to retain the SCMP™. Complete details are available on the PMAC web site under SCMP™ Designation and selecting the link for Designation Reciprocity.

Alternately, PMAC members holding the SCMP™ credential may apply for and receive the CPSM® designation from ISM provided they meet certain conditions. SCMP™-holders can review requirements and obtain the one-page application online by visiting the ISM web site, selecting Professional Credentials and Certified Professional in Supply Management® Program and then selecting the link for CPSM® and SCMP™ Reciprocity.

About PMAC

The Purchasing Management Association of Canada (PMAC) is the leading association in Canada for supply chain management professionals, and the largest. The national voice for advancing and promoting the profession of supply chain management, PMAC sets the standard of excellence for professional skills, knowledge and integrity. With 7,000 members working across private and public sectors, PMAC is the principal source of supply chain training, education and professional development in the country, requiring all members to adhere to a Code of Ethics. Through its 10 Provincial and Territorial Institutes, PMAC grants the SCMP™ (Supply Chain Management Professional™) designation, the highest achievement in the field and the mark of strategic leadership. PMAC is an original member of the International Federation of Purchasing and Supply Management (IFPSM).

About ISM™

Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. By executing and extending its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — ISM maintains a strong global influence among individuals and organizations. ISM is a not-for-profit educational association that serves professionals with an interest in supply management who live and work in more than 75 countries. ISM offers the Certified Professional in Supply Management® (CPSM®) qualification and is a member of the International Federation of Purchasing and Supply Management (IFPSM).