The Certified Professional in Supplier Diversity (CPSD) is a prestigious certification that demonstrates expertise in supplier diversity for supply management professionals. It is developed by the Institute for Supply Management (ISM) to validate knowledge, skills and abilities in this specialized field. As candidates prepare for this challenging exam, they often have many questions. Here are some of the most commonly asked questions from an exam candidate’s perspective: Enrol the exam at ismworld.org
What are the eligibility requirements for the CPSD certification?
To qualify for the Certified Professional in Supplier Diversity (CPSD) certification, candidates must have either three years of full-time, professional, non-clerical experience in supplier diversity or supply management and hold a bachelor’s degree from a regionally accredited institution, or five years of relevant experience without a degree. This experience should primarily involve supply management, procurement, or supply chain functions, excluding clerical or support roles.
How long does it typically take to prepare for the CPSD exams?
The preparation time for the CPSD exams can vary significantly based on individual study habits and prior knowledge. Generally, candidates may take anywhere from three to six months to prepare adequately. This timeframe allows for thorough review of the exam content, study of relevant materials, and practice with sample questions.
What study materials and resources are available from ISM?
ISM offers a range of study materials for CPSD candidates, including a self-study CPSD Learning System, which provides reading materials and practice exams tailored to the exam specifications. Additionally, candidates can access online resources, training programs, and practice tests through ISM membership, which can enhance their preparation efforts.
Can I take the Supply Management Core Exam and Essentials in Supplier Diversity Exam separately?
Yes, candidates can take the two CPSD exams separately. The Supply Management Core Exam consists of 180 questions, while the Essentials in Supplier Diversity Exam has 150 questions. Candidates can schedule these exams at their convenience, but both must be passed to earn the CPSD certification.
How many questions are on each CPSD exam and what is the time limit?
The CPSD certification consists of two exams: the Supply Management Core Exam, which contains 180 questions with a time limit of 180 minutes, and the Essentials in Supplier Diversity Exam, which has 150 questions and a time limit of 150 minutes. Candidates are advised to allocate additional time for tutorial review before starting the exams.
Is the CPSD exam scored pass/fail or is a numerical score provided?
The CPSD exams are scored on a scaled score basis, with a minimum passing score set at 400 for each exam. Candidates receive their scores upon completion, but the results are not simply pass/fail; they reflect the candidate’s performance against a standardized measure.
What is the passing score for each CPSD exam?
Candidates must achieve a minimum scaled score of 400 to pass each CPSD exam. This score reflects the candidate’s understanding and mastery of the exam content.
Can I review the questions I answered incorrectly after completing the exam?
No, candidates cannot review the questions they answered incorrectly after completing the CPSD exam. The exam system does not provide a review feature for incorrect answers, so it is essential to prepare thoroughly before taking the exam.
How much does it cost to take the CPSD exams?
The cost to take the CPSD exams varies depending on ISM membership status. For members, the fee is approximately $495, while non-members can expect to pay around $795. It is advisable to consider membership for potential savings and additional benefits.
Can I take the exams online or do I have to go to a testing center?
Candidates have the option to take the CPSD exams either online through a proctored environment or at a designated testing center. Online exams require a reliable computer with a webcam and a strong internet connection, while testing centers provide a controlled environment for exam completion.
How far in advance do I need to schedule my CPSD exam appointment?
Candidates should schedule their CPSD exam appointments at least 24 hours in advance. However, it is recommended to book as early as possible to secure preferred dates and times, especially during peak testing periods.
What is the cancellation/rescheduling policy for CPSD exams?
Candidates must cancel or reschedule their CPSD exam appointments at least 24 hours in advance to avoid forfeiting their exam fees. If changes are made within 48 hours of the scheduled exam, Pearson VUE may charge a fee for the rescheduling process.
What happens if I fail one of the CPSD exams?
If a candidate fails one of the CPSD exams, they must register again and pay the exam fee to retake it. Candidates are required to wait a minimum of 30 days before attempting to retake a failed exam.
How long do I have to wait before I can retake a failed CPSD exam?
Candidates must wait at least 30 days before retaking a failed CPSD exam. This waiting period allows time for additional study and preparation to improve performance on the subsequent attempt.
Is there a limit to the number of times I can retake the CPSD exams?
There is no specific limit to the number of times a candidate can retake the CPSD exams. However, candidates must adhere to the 30-day waiting period between attempts and pay the exam fee for each retake.
Do I need to pay the full exam fee each time I retake a CPSD exam?
Yes, candidates are required to pay the full exam fee each time they retake a CPSD exam. There are no discounts available for retakes, so candidates should plan their preparation accordingly.
What are the typical job titles and responsibilities of CPSD holders?
CPSD holders often occupy roles such as Supplier Diversity Manager, Procurement Specialist, and Supply Chain Analyst. Their responsibilities typically include developing supplier diversity strategies, managing supplier relationships, and ensuring compliance with diversity policies within their organizations.
How much of a salary increase can I expect after earning the CPSD?
Earning the CPSD certification can lead to significant salary increases, with many professionals reporting raises ranging from 10% to 20% upon certification. The exact increase can vary based on factors such as industry, experience, and geographical location.
Are there any alternatives to the CPSD certification for supplier diversity professionals?
Yes, alternatives to the CPSD certification include certifications such as the Certified Supplier Diversity Professional (CSDP) and the Supplier Diversity Certification from various professional organizations. These certifications also focus on supplier diversity but may differ in curriculum and requirements.
How does the CPSD compare to other supply management certifications like the CPSM?
The CPSD certification focuses specifically on supplier diversity, while the Certified Professional in Supply Management (CPSM) covers a broader range of supply chain management topics. Candidates with a CPSM may only need to take the Essentials in Supplier Diversity Exam to achieve CPSD certification, streamlining their path to specialization.
