Purchasing Basics for the New Buyer (OnDemand Webinar)

$149.00

SKU: 408876EAU

Description

Gain an understanding of procurement concepts and how best to utilize the technologies available.Individuals who are new to being a buyer within procurement may not be aware of the responsibility and opportunities that come with the position. The role can be high pressure at times and may differ from industry to industry, but as a rule the buyer will have to constantly balance the expectations of their customers against a supplier’s capabilities and at the same time hold themselves to a higher ethical standard than others in the organization. With these challenges the role can reap organizational recognition and provide potential career progression not found in other professions. This topic will provide the new buyer with an enhanced understanding of procurement concepts and how best to utilize the technologies available for processing their work. The material will also explain in detail the ethical obligations of the role and reasons why buyers are held to a higher standard. This higher level of responsibility in the organization brings with it opportunities to directly benefit the budget bottom line as well as other valueadds such as minimizing organizational risk. This information is critical for anyone who is a new buyer or new to supervising buyers and will send participants away with future training topics to explore as they advance their career in procurement.

Date: 2021-07-14 Start Time: End Time:

Learning Objectives

Definitions to Know as a New Buyer
• General
• Procurement vs. Purchasing
• Strategic Sourcing
• Suppliers vs. Vendors
• Freight Terms
• Payment Terms

Purchasing Technologies
• Enterprise Resource Planning (ERP) Systems
• Benefits and Pitfalls of Electronic Procurement
• Price Benchmarks
• How to Make the Most of Procurement Cards
• Always Think About the Entire Procure-To-Pay Process

Ethical Obligations as a New Buyer
• Accepting Gifts
• Understand Your Organization’s Policies and Procedures
• Always Justify Your Competitive Bid Awards
• Avoid the Appearance of Impropriety
• Social Responsibility (Sustainability)
• Don’t Take Advantage of the Buyer Role for Personal Gain
• Confidentiality

How Can I Add Value to My Organization?

Save Money
• Don’t Forget to Negotiate and Always Prepare Ahead of Time
• Reduce Risk to Your Organization
• Partner With Accounts Payable and Receiving
• CRM and SRM • Build Relationships With Your Customers and Suppliers
• Continually Streamline the Process

What’s Next to Learn?
• Group Purchasing Organizations
• Uniform Commercial Code
• How to Handle Disputes
• Learn to Write and Project Lead a Formal RFP Process
• Contract Law
• Procurement Certifications
• Demand Planning
• Supplier Resiliency

APICS ,ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Andy Lamb, C.P.M.-Andy Lamb Associates LLC