Best Procurement Certifications in 2024: CIPP & CIPM 

Getting your hands on the best procurement certification can significantly impact your career trajectory in procurement and supply chain management.

This is where two leading procurement certifications—the Certified International Procurement Professional (CIPP) and Certified International Procurement Manager (CIPM) come in. 

Let’s take a look at why they’re more relevant than ever in 2024:

4 Reasons Why You Need Procurement Certifications

Procurement certifications can offer you a multitude of benefits. Here are 4 reasons they hold significant value:

1. They Can Enhance Credibility: 

Certifications showcase your expertise and commitment to the profession. They demonstrate to potential employers and clients that you possess the necessary knowledge and skills to excel in procurement.

2. They Can Improve Your Skills and Knowledge: 

Earning a certification involves a comprehensive learning process. You'll gain in-depth knowledge of critical procurement principles, best practices, and industry trends, making you a more valuable asset.

3. They Can Increase Your Earning Potential: 

Studies reveal that certified professionals often command higher salaries compared to their non-certified counterparts.

4. They Can Aid Career Advancement: 

Certifications can give you a competitive edge in the job market and pave the way for career progression. Organizations actively seek individuals with recognized procurement credentials.

1. Certified International Procurement Professional (CIPP)

The Certified International Procurement Professional (CIPP) program is one of the best procurement certifications to acquire in 2024. 

It offers a comprehensive curriculum designed to cater to both aspiring and current procurement professionals.

Key Modules Include:

1. The Purchasing Process & Policies
2. How to Build Strategic Sourcing and Commodity Strategy Development
3. Learning Supplier Evaluation and Selection
4. Tips to Negotiate Quality Contracts and Purchasing Law and Ethics

CIPP Program Duration and Fees:

The CIPP program is structured to run over 6 weeks with one live virtual session per week. The course fee totals USD 2,245, which includes an electronic study guide, access to live sessions, the online certification exam, and the final certificate.

Enrol Now: Applying for CIPP Certification Program

2. Certified International Procurement Manager (CIPM)

The Certified International Procurement Manager (CIPM) is another one of the best procurement certifications, particularly for those who have already completed the CIPP certification or have extensive experience in the field. 

This advanced program is designed to deepen knowledge in strategic procurement and supply chain leadership.

Key Modules Include:

1. Learning Key Leadership & Management Skills 
2. How to Streamline Your Procurement Process
3. Learning Spend Management & Analysis
4. Key Strategies to Excel in Global and International Sourcing
5. Specializing in Contract Administration and Supplier Relationship Management

CIPM Program Duration and Fees:

Like the CIPP, the CIPM program runs for 6 weeks with one live virtual session per week. The enrollment fee is also set at USD 2,245, which covers the full scope of training materials, access to live sessions, the certification exam, and the certificate upon successful completion.

Enrol Now: Applying for CIPM Certification Program

CIPP vs CIPM

When considering professional development in procurement, the decision between pursuing the Certified International Procurement Professional (CIPP) and Certified International Procurement Manager (CIPM) certifications can significantly impact your career trajectory. 

While both certifications require a similar level of investment in terms of time and fees (USD 2,245 each), their return on investment can vary based on the career paths. 

The CIPP may lead to immediate improvements in potential supervisory roles, while the CIPM can open doors to strategic and high-level management roles with potentially higher financial returns.

How to Choose the Right Certification for You

Choose CIPP if:

• You are new to the procurement field and want to establish a solid foundation in key principles.

• You are seeking an entry-level or mid-level procurement position.

Choose CIPM if:

• You possess extensive procurement experience and seek to demonstrate your strategic capabilities.

• You aspire to leadership roles in procurement management.

However, it is always a good idea to consider these 3 factors before selecting the best procurement certification for you:

1. Your career goals
2. The specific skills you wish to acquire
3. The demand for certain qualifications in your desired job market

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FAQs

Q: How long does it take to complete the CIPM and CIPP certifications?

A: Typically, each certification can be completed in 6 weeks if you enrol with the Purchasing and Procurement Center. 

Q: What is the Best Procurement Certification?

A: Certified International Procurement Professional (CIPP) and the Certified International Procurement Manager (CIPM) are two of the best procurement certifications, both designed to enhance your knowledge of global procurement practices, improve your job prospects, recognition in the industry, and the help you develop of a professional network. 

Q: What does CIPP certified stand for?

A: In the procurement sector, "CIPP" stands for Certified International Procurement Professional. This certification is designed to equip procurement professionals with advanced knowledge and skills in international procurement processes and best practices.

Q: Who needs CIPM certification? 

A: The CIPP certification is best suited for procurement professionals, project managers, supply chain specialists, and anyone involved in the international procurement process.

Q: Are CIPP and CIPM certifications recognized globally?

A: The CIPM certification is ideal for current and aspiring procurement managers who want to excel in their careers by mastering effective procurement and supply chain management skills. 

Q: Can I pursue both CIPP and CIPM?

A: Yes, pursuing both certifications could be beneficial for a comprehensive understanding of both strategic and operational aspects of procurement.