Contact Information: Media Contact: William Busch 215-508-7414
Cost Savings 101: Spend Matters Report Analyzes Procurement Training and Certification Options
Study Finds Options Have Improved and Can Help Individuals and Companies Learn Valuable Skills to Save Money in Today's Economic Climate
| Source: Spend Matters
CHICAGO, IL--(Marketwire - October 20, 2008) - Spend
Matters, the leading procurement and supply chain blog and research
hub, today announced the publication of a research report titled, "What is Your Best
Option? Procurement Certification and Training Today."
Based on interviews with a range of practitioners, associations and
industry influencers, the report includes profiles and analyses of the
certification programs offered by the Institute for Supply Management
(including the new CPSM certification), Next Level Purchasing (SPSM) and
the American Purchasing Society (CPP, CPPM).
The study also investigates executive education programs and other options
(e.g., online training courses). It also evaluates the general value of
pursuing different types of training and certification initiatives, the
specific skill sets that individuals can gain and the relative
cost/benefits of each program.
Jason Busch, Spend Matters Editor, suggests that, "The cost and risk
reduction skills that procurement training and certification can teach
represent a smart investment in the current economic downturn."
According to the study, less than 10% of the procurement workforce in North
America has a certification or has completed a degree program in the
subject area. But academic study is not essential to develop the right set
of skills. The report notes that, "Procurement certifications can represent
not only excellent value from both time and cost investment perspectives
for existing members of the profession -- they can be invaluable
springboards for those just getting into the procurement field."
This latest Spend Matters report attempts to cut through much of the
confusion in the sector, providing an objective comparison of the available
options. "It will be useful for both managers investigating which training
and certification approaches to consider for their team as well as
individuals evaluating options to enhance their professional opportunities
and improve their skill sets," Busch suggests.
Readers can download this free report and other complimentary research
studies directly from the Spend Matters website:
http://www.spendmatters.com/pages/perspectives.cfm
About Spend Matters
Spend Matters is a blog and research community dedicated to examining a
range of procurement and supply management issues. Founded in 2004,
http://www.spendmatters.com is the longest running and highest trafficked
social media site in the sourcing and supply chain realm.