Optimizing Your GPO to Reduce Procurement Risk (OnDemand Webinar)

$199.00

SKU: 408066EAU

Description

Learn how to balance the proposed benefits with the pitfalls associated of a GPO relationship.Group Purchasing Organizations (GPO) have played a key role across most industries for over a century. They are formed to help reduce cost for members but have evolved into providing a much more comprehensive offering of services. Without understanding their many complexities, the value that is supposed to exist from being a member in a GPO may not be there at all. This topic will teach you about the types of GPOs and how they may benefit your organization. You will also learn about their evolution over time and why they continue to be such a large influence in many industries.

Date: 2021-01-20 Start Time: End Time:

Learning Objectives

Group Purchasing Organization (GPO) Types
• Formal vs. Informal
• Cooperatives
• Consortiums
• Government
• Corporate

GPOs Throughout Time
• History
• GPO Growth
• Industries They Support
• Their Mission Over Time
• Antitrust Considerations

Benefits of Being in a GPO
• Reduced Costs
• Reduced Procurement Risk
• Resource Reduction or Reallocation
• Leverage GPO Technologies
• Networking Opportunities

GPO Pitfalls
• Adding a Layer in the Supply Chain
• Conflict of Interest
• Costs
• Funding Models
• Are You Their Customer or Is the Supplier?

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