After nearly a year of consultation and debate, in October last year Her Majesty The Queen approved the Institute’s request for not just a name change from purchasing to procurement but also allowed CIPS to offer Chartered Status to full members (MCIPS) and Fellows.
This was a significant moment in the Institute’s history and the most important since 1992 when the Royal Charter was granted. Within 48 hours of the announcement, 500 people registered their interest in becoming a Chartered Procurement and Supply Professional.
FCIPS will remain the most senior membership grade, and MCIPS will remain the benchmark grade and the professional standard. There are three routes to Chartered Status – academic, experiential and applied learning and once achieved, the status can be maintained with continuing professional development and an annual ethics test.
David Noble, group CEO, CIPS said: “The profession is currently experiencing many challenges and demands, and keeping up with these developments requires the best professionals dedicated to maintaining their own professional status.”
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