Top 11 Acquisition Specialist Certifications

Certifications for an acquisition specialist in the job market are important for a few reasons. First, certifications help demonstrate to employers that an individual has the necessary knowledge and skills to perform the job responsibilities of an acquisition specialist. Certification programs provide individuals with a comprehensive understanding of the principles and techniques required to be successful in this field. Additionally, certifications can help differentiate candidates from others who do not have them, providing a competitive edge when seeking employment or promotions. Finally, many organizations prefer or even require that their employees have certain certifications, which can make it difficult to find employment without them.

The purpose of this article is to provide an overview of the top certifications for Acquisition Specialists and explain how they can help advance a career in the field.

What are Acquisition Specialist Certifications?

Acquisition specialist certification is a professional certification that is designed to help individuals demonstrate their professional knowledge and skills related to the acquisition process. This certification is offered by several organizations, such as the National Contract Management Association (NCMA) and the Professional Services Council (PSC).

The acquisition specialist certification focuses on core competencies in acquisition management, including contract management and negotiation, source selection, project and program management, contracting systems and processes, government regulations, and supply chain management. It also covers topics such as governmental contracting policies and procedures, market research methods, proposal evaluation techniques, cost analysis principles, subcontracting strategies, risk mitigation practices, performance-based contracting principles, and quality assurance best practices.

Having an acquisition specialist certification can be beneficial in many ways. For instance, it can help individuals stand out from other applicants when seeking employment opportunities in the government or private sector. Additionally, it serves as evidence of an individual’s knowledge of applicable laws and regulations related to acquisitions. Furthermore, having a certification can provide a competitive edge over non-certified candidates when applying for promotions or higher-level positions within their organization. Finally, acquiring this certification can lead to increased job satisfaction since it demonstrates that an individual has the necessary skills to succeed in their role as an acquisition specialist.

Pro Tip: Before enrolling in an acquisition specialist certification program, make sure to research the institution and verify that they are accredited. Additionally, look into what type of post-program support is offered to help you stay up-to-date on industry trends and best practices.

Related: What does an Acquisition Specialist do?

Top 11 Acquisition Specialist Certifications

Here’s our list of the best certifications available to Acquisition Specialists today.

1. Certified Acquisition Professional (CAP)

Certified Acquisition Professional (CAP) is a professional certification offered by the Federal Acquisition Institute (FAI). It is designed to recognize individuals who have demonstrated knowledge and expertise in the field of federal government acquisition. The CAP program is intended to provide a means for individuals to demonstrate their commitment to excellence in the acquisition profession.

The CAP program consists of three levels: Level I, Level II, and Level III. To obtain the CAP designation, an individual must pass all three levels of the exam. The exams are administered by the FAI and cover topics such as contract law, regulations, and best practices related to federal government acquisitions.

It typically takes about one year to complete all three levels of the CAP program. However, this time frame may vary depending on an individual's experience and background in acquisition-related topics.

To get started with the CAP program, individuals must first submit an application form and fee to the FAI. After submitting their application, they will be provided with information regarding when and where they can take each level of the exam.

The cost for taking each level of the CAP exam varies depending on whether or not you are a member of FAI or a non-member. For members, each level costs $100; for non-members, each level costs $200. Additionally, there is an annual fee associated with maintaining your certification which is currently set at $50 per year for members and $100 per year for non-members.

2. Certified Professional Contract Manager (CPCM)

Certified Professional Contract Manager (CPCM) is a professional certification program offered by the National Contract Management Association (NCMA). This certification recognizes individuals who have demonstrated expertise in contract management, including legal, financial and administrative aspects. It also serves to promote the highest standards of ethical conduct and professionalism among contract managers.

In order to become a Certified Professional Contract Manager, one must first complete an NCMA-approved training program or course. The duration of the training program or course depends on the individual’s prior experience and knowledge. Once the training is completed, applicants must pass an exam administered by NCMA in order to be certified.

The cost of becoming a CPCM varies depending on whether you are a member of NCMA or not. For non-members, the cost is $595 for the exam fee alone. For members, the cost is $495 for the exam fee alone. Additionally, there may be additional costs associated with completing any necessary training courses or programs.

Once all requirements are met and passed, applicants will receive their CPCM certification from NCMA which is valid for three years before renewal is required.

3. Certified Federal Contracts Manager (CFCM)

Certified Federal Contracts Manager (CFCM) is a certification program offered by the National Contract Management Association (NCMA). It is designed to recognize and validate the knowledge, skills, and abilities of professionals in the field of federal government contract management. The CFCM credential demonstrates that an individual has met rigorous standards for professional competency in this field.

The CFCM program requires applicants to pass a comprehensive exam that covers the fundamentals of federal government contracting regulations, principles, and best practices. To qualify for the exam, applicants must have at least three years’ experience in federal government contract management or related fields.

The CFCM exam is offered twice a year in April and October. The cost of taking the exam is $450 for NCMA members and $550 for non-members.

In order to maintain their certification, CFCMs must complete at least 40 hours of continuing education every two years. This can include attending seminars, conferences, workshops, webinars, or other training programs related to federal contract management.

4. Certified Government Financial Manager (CGFM)

Certified Government Financial Manager (CGFM) is a professional certification program offered by the Association of Government Accountants (AGA). It is designed to recognize and validate the knowledge and expertise of government financial managers. The CGFM designation is intended to demonstrate a mastery of the core competencies in government financial management.

The CGFM program consists of three exams: Governmental Environment, Governmental Accounting, and Governmental Financial Management. Each exam must be passed within a three-year period in order to receive the CGFM designation.

To obtain the CGFM designation, candidates must first apply for membership with AGA and then register for each exam through Prometric. Candidates must also meet certain educational requirements before they can take the exams.

The cost of taking all three exams varies depending on which state you are taking them in, but generally ranges from $400-$600 per exam. Additionally, there are fees associated with applying for AGA membership and registering for each exam.

5. Project Management Professional (PMP)

Project Management Professional (PMP) is a professional certification offered by the Project Management Institute (PMI). It is designed to demonstrate an individual's proficiency in managing projects, leading teams, and delivering successful results.

To get PMP certification, you must first meet the prerequisites: have a minimum of three years of project management experience with at least 4500 hours spent leading and directing projects, and hold a four-year degree or equivalent. You must also pass the PMP exam. The exam consists of 200 multiple-choice questions that cover topics such as project integration management, quality management, cost management, and risk management.

It typically takes about six months to prepare for the PMP exam. To do this, you should review the PMBOK Guide (Project Management Body of Knowledge), take practice exams, attend training courses or webinars, and study with other professionals who are preparing for the same exam.

The cost of getting PMP certified varies depending on your country or region. Generally speaking, it costs between $400-$800 USD to register for the exam. This fee includes membership in PMI as well as access to their online resources and study materials.

6. Certified Professional in Supply Management (CPSM)

Certified Professional in Supply Management (CPSM) is a professional certification program offered by the Institute for Supply Management (ISM). The CPSM program is designed to recognize individuals who have demonstrated expertise in the field of supply management.

The CPSM program consists of three levels: Certified Professional in Supply Management (CPSM), Certified Professional in Supplier Diversity (CPSD), and Certified Professional in Sourcing and Procurement (CPSP). Each level requires successful completion of an exam, as well as meeting certain educational and experience requirements.

In order to become certified, applicants must first meet the eligibility criteria for each level. This includes having a minimum of five years of relevant work experience, or a combination of education and experience that totals at least seven years. Applicants must also have completed at least 60 hours of ISM-approved coursework within the past five years.

Once eligible, applicants must then register for and pass an exam for each level they are pursuing. The exams are administered by Pearson VUE and consist of multiple-choice questions covering topics such as supply chain management, procurement processes, supplier relationship management, sourcing strategies, and more. Each exam costs $500 USD per attempt.

The amount of time it takes to get certified depends on how quickly you can complete your coursework and pass the exams. Generally speaking, it can take anywhere from six months to two years to become fully certified depending on your individual situation.

7. Certified Government Acquisitions Professional (CGAP)

The Certified Government Acquisitions Professional (CGAP) is a certification program administered by the National Contract Management Association (NCMA). It is designed to recognize the achievements of government acquisition professionals and provide them with the recognition they deserve. The CGAP certification program is based on the Federal Acquisition Regulation (FAR) and provides a comprehensive overview of the federal acquisition process, from planning and solicitation through contract award and closeout.

The CGAP certification consists of three levels: Level I, Level II, and Level III. Each level requires passing an exam that covers different aspects of government acquisition. To qualify for each level, applicants must have at least two years of relevant experience in government acquisitions or related fields.

Level I: This level focuses on the basics of government acquisitions, including FAR regulations, procurement methods, source selection procedures, and contract management. Applicants must pass an exam to earn this certification.

Level II: This level covers more advanced topics such as cost/price analysis techniques, negotiation strategies, performance-based contracting, and subcontracting management. Applicants must pass an exam to earn this certification.

Level III: This level covers executive-level topics such as strategic sourcing and organizational leadership skills. Applicants must pass an exam to earn this certification.

It typically takes about 6 months to complete all three levels of the CGAP certification program depending on how quickly you can study for and pass the exams. The cost for each level varies depending on whether you are a NCMA member or not; however it typically ranges from $200-$400 per level for non-members.

8. National Contract Management Association’s Contract Management Standard (NCMA-CMS)

The National Contract Management Association’s Contract Management Standard (NCMA-CMS) is a professional certification program that provides individuals with the knowledge and skills necessary to effectively manage contracts. It is designed to help contract managers understand the legal, financial, and operational aspects of contract management. The NCMA-CMS credential is recognized as the gold standard for contract management professionals.

To obtain the NCMA-CMS certification, applicants must meet certain eligibility requirements and complete an examination. The eligibility requirements include having at least three years of professional experience in contract management or related fields, such as procurement or purchasing. Applicants must also have a bachelor’s degree from an accredited college or university.

The NCMA-CMS exam consists of 150 multiple-choice questions covering topics such as contract law, risk management, negotiation strategies, and best practices in contracting. The exam takes approximately four hours to complete and can be taken online or at a testing center. To pass the exam, applicants must receive a score of 70% or higher.

The cost of obtaining the NCMA-CMS certification varies depending on whether you take it online or at a testing center. Taking it online costs $395 for members of the National Contract Management Association (NCMA) and $495 for non-members. Taking it at a testing center costs $495 for members and $595 for non-members. Additionally, there are fees associated with retaking the exam if you do not pass on your first attempt.

9. Lean Six Sigma Green Belt Certification

Lean Six Sigma Green Belt Certification is a professional certification program designed to teach individuals the principles and practices of Lean Six Sigma. It is a process improvement methodology that combines the best practices of both Lean and Six Sigma to reduce waste, improve quality, and increase efficiency. The program focuses on problem-solving skills, project management, data analysis, and process improvement.

The certification typically takes about four weeks to complete. During this time, participants will learn the basics of Lean Six Sigma principles and tools, as well as how to apply them in their own organizations. Participants will also be given an opportunity to practice their skills through hands-on exercises and case studies. Upon completion of the coursework, participants must pass an exam in order to earn their certification.

To get certified in Lean Six Sigma Green Belt Certification, individuals must first complete a training program offered by an accredited institution or provider. These programs can be found online or at local colleges or universities. After completing the training program, individuals must then take and pass an exam administered by either the American Society for Quality (ASQ) or International Association for Six Sigma Certification (IASSC).

The cost of Lean Six Sigma Green Belt Certification varies depending on the provider chosen for training and testing. Generally speaking, however, it is estimated that it costs between $1,500 - $3,000 USD for both training and testing fees combined.

10. Certified Purchasing Manager (CPM)

Certified Purchasing Manager (CPM) is a professional certification that recognizes the skills and knowledge of experienced purchasing professionals. CPM certification is offered by the Institute for Supply Management (ISM), a leading global association for supply chain and operations management professionals.

To be eligible to become a CPM, applicants must have five years of purchasing experience in a full-time capacity and have completed at least 60 hours of college coursework in business or related fields. Applicants must also pass an exam administered by ISM.

The exam consists of 200 multiple-choice questions covering topics such as procurement, contracts, logistics, supplier relations, and risk management. The exam fee is $350 USD for members of ISM and $450 USD for non-members.

Once the exam has been passed, applicants will receive their CPM designation within four to six weeks after successful completion. The cost to maintain the certification includes an annual fee of $100 USD for members and $150 USD for non-members.

11. Chartered Institute of Procurement and Supply Qualifications Level 4 Diploma

The Chartered Institute of Procurement and Supply (CIPS) Level 4 Diploma is a professional qualification designed to give procurement and supply professionals the skills, knowledge, and confidence to successfully manage complex procurement and supply operations. The qualification is awarded by CIPS, the world's leading professional body for procurement and supply management.

The Level 4 Diploma takes approximately 12 months to complete. It consists of six modules: Introduction to Procurement and Supply, Contract Management, Sourcing Strategies, Supplier Relationship Management, Risk Management in Procurement and Supply, and Professional Practice in Procurement and Supply. Each module must be completed with a pass grade before progressing onto the next module.

To get the CIPS Level 4 Diploma you must have already achieved the CIPS Level 3 Certificate in Procurement & Supply or equivalent qualifications. You must also have at least three years’ experience in a procurement or supply chain role.

The cost of the CIPS Level 4 Diploma depends on which study route you choose – self-study or classroom-based learning. Self-study costs range from £1,500 - £2,000 whereas classroom-based learning costs around £3,000 - £4,000 depending on your location.

Do You Really Need a Acquisition Specialist Certificate?

The simple answer to this question is no, you do not need an acquisition specialist certificate in order to work in the field. However, having a certificate can be beneficial and may make you more marketable to potential employers.

A certificate program in acquisition specialist typically covers topics such as federal procurement regulations, contract management and negotiation strategies, cost analysis techniques, and other relevant topics. Having a thorough understanding of these concepts can be incredibly helpful when working as an acquisition specialist. It can also provide assurance to potential employers that you have the necessary skills and knowledge for the job.

Having a certificate may also lead to higher salaries or better job opportunities than someone who does not have one. Certification programs often require applicants to demonstrate their knowledge and abilities through tests or practical assignments, which can show employers that you are dedicated and capable of meeting their expectations. Additionally, some certification programs provide access to professional networks where you can gain valuable insight from experienced professionals in the field.

Ultimately, whether or not you should pursue an acquisition specialist certificate depends on your individual circumstances and goals. For example, if you are already an experienced acquisition specialist looking for career advancement opportunities or higher pay grades then obtaining a certificate may be beneficial for you. However, if you are new to the industry and just starting out then it may be best to gain experience first before investing in a certification program.

Related: Acquisition Specialist Resume Examples

FAQs About Acquisition Specialist Certifications

Q1: What is an Acquisition Specialist Certification?

A1: An Acquisition Specialist Certification is a professional credential that demonstrates expertise in the field of government acquisition. This certification is designed for individuals who are looking to pursue a career in the federal acquisition workforce and demonstrate their knowledge, skills, and abilities when it comes to acquiring goods and services for the federal government.

Q2: What are the benefits of obtaining an Acquisition Specialist Certification?

A2: An Acquisition Specialist Certification can help you stand out from other candidates and demonstrate your expertise in the field. It also provides recognition from employers and potential clients, as well as access to specialized training opportunities. Additionally, this certification may qualify you for higher-level positions within the federal acquisition workforce.

Q3: How do I become certified as an Acquisition Specialist?

A3: To become certified as an Acquisition Specialist, you must pass an exam administered by a recognized certifying body such as the National Contract Management Association (NCMA). The exam covers topics such as legal requirements, contract management principles, procurement processes, supplier management strategies, and more.

Q4: How long does it take to become certified?

A4: The amount of time required to become certified depends on your experience level and how much time you can dedicate to studying for the exam. Generally speaking, it can take anywhere from three months to a year or more depending on your circumstances.

Q5: What resources are available to help me prepare for my certification exam?

A5: There are many online resources available that can help you prepare for your certification exam including practice tests, study guides, webinars, seminars and more. Additionally, many certification bodies offer prep courses that provide guidance on how best to prepare for the exam.