Show navigation

Available in:

OnDemand Webinar

Conducting a Successful Purchasing Audit

The purchasing audit is used as a diagnostic process that identifies opportunities for increased profitability. The purchasing audit should be broad and systematic and serves a way of reaffirming the company objectives, determine how the current purchasing strategy is performing, and identify the areas that need immediate managerial attention. You will learn about the elements required to conduct a successful purchasing audit.

Learning Objectives:

  • You will be able to identify critical elements of a successful purchasing audit.
  • You will be able to discuss how the current purchasing strategy is linked to other functional areas.
  • You will be able to explain purchasing's role in globalization and outsourcing activities.
  • You will be able to review how to assess whether procedures for small purchases are cost effective.

Runtime: 89 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Critical Elements of a Successful Purchasing Audit

Increase Profitability by Eliminating Waste

Evaluate the Efficiency and Cost-Effectiveness of Existing Sourcing Policies

How the Current Purchasing Strategy Is Linked to Other Functional Areas

Purchasing's Role in Globalization and Outsourcing Activities

How to Assess Whether Procedures for Small Purchases Are Cost Effective

How to Assess Whether Compliance With the Current Purchasing Manual Is Part of the Organization's Culture

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

W.C. Benton Jr.

W.C. Benton Jr.

The Ohio State University

  • The Edwin D. Dodd professor of management, and professor of operations and supply chain management in the Fisher College of Business at The Ohio State University
  • Teaches courses in purchasing/supply management, manufacturing planning and control, operations analysis, facility design and the business of health care to M.B.A. and doctoral candidates
  • Partner in Supply Chain Solutions, a supply chain management consulting firm
  • Published more than 120 articles in the areas of purchasing management, inventory control, supply chain management, quality assurance, materials management and health care
  • Frequent speaker and recognized operations management researcher
  • Doctorate in operations and systems management, and quantitative business analysis, Indiana University in Bloomington, Indiana
  • Can be contacted at 614-292-8868, www.supplychain-mgt.com or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 391441
Published 2013
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!