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How to Administer Vendor Assessments

Learn how to properly asses vendors and ensure compliance with both the vendor and your company.

Everyone in procurement, or who is engaged with the selection of vendors, needs to know how to mitigate risk when dealing with vendors. This topic on vendor assessment will guide participants through the process of setting up a vendor responsibility review program. You will be given tools you can use to review vendors on various key risk factors. Besides drafting a vendor questionnaire, you will learn ways to evaluate and confirm the vendor information provided using a vendor assessment verification form. This information will provide guidance in establishing vendors that are responsible and responsive to the needs of the company or organization.

Runtime: 62 minutes
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Why Lorman?

Over 33 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

How to Document an Assessment Review

Customization for Vendor Types

Verification Check List

Verification Resources

Determining If a Vendor Is Responsible

Negative Findings During the Review

Penalties for Vendors That Fail

Communicating the Process

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Why Lorman?

Over 33 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

MP3 Download

No credit available.

Audio & Reference Manual

No credit available.

OnDemand Webinar

This course was last revised on March 2, 2020.

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

  • ASAP PACE 0.1
     
  • This course is pre-approved through the American Society of Administrative Professionals (ASAP) for 0.1 CEU(s) towards your PACE Recertification.
     
  • IAAP 1.0
     
  • This course has been preapproved by the International Association of Administrative professionals for 1.0 recertification point(s).
     
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More Program Information

Why Lorman?

Over 33 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

Kenneth M. Jones

Kenneth M. Jones

  • Procurement specialist working part time for the SUNY Center for International Development with their program in Kenya, Africa
  • Has trained many university staff on procurement rules and regulations
  • Established online ordering processes with vendors ranging from office supplies to lab chemicals and continues to provide training in his current position to procurement staff in Nairobi, Kenya
  • More than 30 years of experience working in the public and nonprofit procurement field
  • Previous purchasing experience included procuring commodities, services and construction for the departments on campus
  • Conducts regular seminars, webinars and workshops on various procurement topics
  • Past purchasing assistant for the New York State Office of Taxation and Finance
  • Can be contacted at 518-875-6854 or [email protected]
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Why Lorman?

Over 33 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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Product ID: 407146
Published 2020
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