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Doing What's Right: Be Certain All Supplier Interactions Are Ethical Interactions

Learn how to handle and identify ethical issues in purchasing.

From this topic, you will learn some new ethical procedures that other organizations are using to keep a level playing field from a seasoned professional. This includes keeping procurements competitive and how to handle vendor interactions. It will give you food for thought as to what you might be overlooking that may give a vendor the impression that you, as a procurement professional, may not be impartial. You will learn what hidden signs to look for and what company policies may need to be instituted to keep or limit undue influence during the bidding process, and come away with some practical tools used in the procurement office to maintain an open and competitive environment.

86 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 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

Ethics in Purchasing

Accepting Gifts From a Supplier

  • Establishing Company Policies
  • Dollar Limits or Just Say No
  • What Does Your Desk Say?

Deciding Between Multiple Suppliers

  • Discretionary Purchases
  • Preferred Sources
  • Minority and Women-Owned Businesses
  • What to Do If There Is a Tie

What Information You Should Protect

  • Communications When Drafting a Procurement Document
  • Debriefing a Vendor

Lunches/Dinners and Other Events

  • How Does It Appear?
  • I'm a Winner
  • Setting Policies

Ethical Procurement Documents

  • Open Specifications
  • Reasonable Prequalifications
  • Use of Vendor Supplied Materials

Undue Influence During the Procurement Process

  • Steps to Prevent It
  • Penalties for Attempting to Influence

Vendor Visits and Interactions

  • Keeping Records of Vendor Visits
  • Preventing Discussions on Open Solicitations

Casting a Wide Net

  • Advertising in the Media
  • Posting on Your Website

Noncollusive Vendor Certifications

Observing Patterns

  • Soliciting Feedback From No Bidders
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Why Lorman?

Over 37 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 Course

This course was last revised on April 12, 2023.

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

  • 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 1.25
     
  • Participants who successfully complete this program will receive 1.25 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.

MP3 Download

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

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Why Lorman?

Over 37 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 (part-time) providing training to new procurement staff at the University at Albany, SUNY
  • Has trained many university staff on state procurement rules and regulations as well as the Research Foundation for SUNY (a non-profit organization) rules and regulations working with various granting agencies
  • Provided procurement procedures, training, and transactional review for a research foundation for a SUNY grant-funded procurement team in Nairobi, Kenya
  • Established online ordering processes with vendors ranging from office supplies to lab supplies
  • 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 37 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

All of your training, right here at Lorman.

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

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  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 410556
Published 2023
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