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90-minute live streaming program
  • February 12
  • 1:00 - 2:30 pm EST

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Audio & Reference Manual
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Optimizing Your GPO to Reduce Procurement Risk

February 12

Learn how joining a group purchasing membership can help reduce your procurement risk.

Explore opportunities for cost savings, improved ideas for products and services, on-time delivery, and improved quality by considering group purchasing membership. This information reviews the pros and cons of GPOs, as well as their evolution and their role in procurement. Gain an understanding how GPOs work and how to source providers. This topic explores how to make the most of these organizations. Group purchasing organizations were created to help organizations such as yours to pool their purchasing power to secure significant discount on all supplies. Find out how they can help you.

Learning Objectives

  • You will be able to describe guidelines on how to make the post of GPO membership.
  • You will be able to identify a road map on sourcing GPOs in your industry.
  • You will be able to recognize how a GPO functions and benefits the buying organization.
  • You will be able to discuss a clear definition of what a group purchasing organization is.

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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

Group Purchasing Organization Role in Procurement
  • Co-Ops
  • Consortium
  • Purchasing Group
  • Collective
  • Coalition
  • Leveraged Procurement Group
  • Leverage of Combined Purchasing Power of Membership
Evolution of GPOs
  • Health Care
  • Education
Benefits
  • Cost Savings
  • Collaboration
  • Strategic Focus
Challenges of GPOs
  • Products
  • Services
  • Source Management
Industries
  • Health Care
  • Government
  • Vertical Market
  • Nonprofit
  • Industry
The Mechanics of GPO Management
  • GPO Perspective
  • Membership
Sourcing a GPO
  • Indirect Spend
  • Direct Spend
Steps in Making the Most of GPO Membership
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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 course was last revised on March 26, 2018.

Call 1-866-352-9540 for further credit information.

  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

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

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.8 including Production 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Production for 1.8 hours. Prerequisite: basic knowledge of purchasing contracts. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Audio & Reference Manual

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

MP3 Download

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

Who should attend?

This live webinar is designed for purchasing managers, buyers, contracting and materials managers, procurement managers, presidents, vice presidents, accountants, bookkeepers and financial professionals.

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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

Marilyn Gettinger

Marilyn Gettinger

New Directions Consulting Group

  • Owner of New Directions Consulting Group
  • Developer and presenter of programs that educate participants on how to improve supply and logistics processes
  • Conducts regular seminars and workshops on Supply Chain Management including Logistics, Supply Management Logistics, Inventory Management, Importing and Exporting
  • Author of Supply Chain Management and Total Cost of Ownership
  • Member of APICS and Director of Education of the Institute for Supply Management-New Jersey Affiliate
  • Can be contacted at [email protected] or 908-709-0656
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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.

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  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

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Product ID: 405239
Published 2018, 2019
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