CIPS qualifications have undergone an update to make them yet more relevant to the challenges organisations face today.
A review of the CIPS Global Standard and competency framework aims to create the right skills and relevant knowledge for procurement professionals.
Content around ethics and sustainability has been updated, with increased focus on modern slavery, sustainability, fraud and corruption.
The updated syllabus has been designed to allow more flexibility for procurement and supply learners and increases the frequency of exams to give more flexibility.
An increased number of shorter, elective modules allow teams to tailor their learning, undertake their own research and explore what leading-edge procurement teams should be thinking about procurement and supply.
The changes will affect diploma level students who can expect to take their first CBE (computer-based exams) in July 2019 under the new qualifications structure.
CIPS received feedback from more than 5,000 procurement professionals and academics around the world to ensure the changes reflect modern procurement practices.
CIPS group CEO Malcolm Harrison said: “It is critical that procurement professionals have a handle on all of the ethical issues affecting their organisations.
“The updated qualifications not only make students aware of all the issues and legislation, but equip them with the skills to influence and design policy, and lead and monitor on compliance.”
A SM Careers survey of top CPOs found a wide range of skills is important in procurement and global business.
One FTSE 100 CPO said: “Take every opportunity you can to do more than your day job. If you want to progress, you have to go above and beyond your area of responsibility and contribute more widely to corporate goals.”
Eight in 10 (78%) of respondents had worked outside of procurement and 35% had worked in general management, the survey found.
CIPS group director Amanda O’Brien said: “The updated qualifications look to bridge the gap with core modules in the higher levels such as Global Commercial Strategy and Global Strategic Supply Chain Management.
“With 99% of CPOs in our study saying that they would recruit outside the profession, it is essential that we attract young talent into procurement at an entry level and we are confident that these qualifications will address this.”