Senior supply chain managers have a new way to fast-track completion of the professional designation from the Purchasing Management Association of Canada (PMAC).
In late December, the Ontario Institute of the Purchasing Management Association of Canada (OIPMAC) and the Rotman School of Management at the University of Toronto announced the new Executive SCM Program.
The program is made up of four five-day modules spread over a four- to six-month period. The first module is titled Leadership and Strategy, the second Managing the Supply Chain, the third Getting It Right and the fourth Applying It/Bringing It Home.
Together, these modules are designed to help students develop and hone supply chain management skills to make their organizations become more competitive.
The program emphasizes real-world use of high-level supply chain management concepts. Participants will be taught how to apply theories, practices and models to projects within their own organizations. Programming consists of lectures, group discussions, simulations, self-study sessions and the creation of case studies.
At the end of a program, graduates receive a certificate from Rotman.
There’s another perk as well. Candidates who successfully complete the program will be eligible to write the PMAC national examination—the final step in acquiring the professional designation. This means they take an alternative path to the three-year Strategic Supply Chain Management Leadership Program normally required to earn the designation.
OIPMAC president and CEO summed up the rationale behind partnering with Rotman, explaining that the program was “designed in response to an evolving marketplace where senior supply chain management professionals must formulate integrated strategic solutions to brand-new challenges in the industry.”
Who it’s for
The new program is designed for practitioners with experience in the field—at least eight years, according to David Lyons, OIPMAC’s manager of marketing and member development—but not a lot of time to devote to the normal three-year accreditation path.
“Some people want a condensed schedule to complete [the designation],” he tells Purchasingb2b. “The three-year program may not be feasible for someone at a high level who really just wants the designation. They have a high level of expertise and a lot of in-field experience. This program complements that.”
The program costs $20,000, which covers tuition, program materials, supplies and most class-day meals. The cost of the PMAC exam—which is about $650—is not included.
It’s a big investment, but Lyons says the program carries ancillary benefits that make it easy to justify.
“It’s not just attractive to the practitioner, it’s attractive to the company as well,” he points out.
“You could get a consultant to come in and do an audit of your business for $20,000, or you could have an employee get the expertise, the designation and the knowledge to do it from here on out.”