Master procurement policy, spot red flags, minimize your organization's risk.
Business enterprises are recognizing the central importance of procurement practices for the cost-effective acquisition of goods and services, and minimization of business risk in their organization. As a result, Procurement leadership is being tasked to streamline and organize their procurement policies and better train their procurement staff to spot potential issues and recognize legal liability that may arise from their purchasing operations. This course will help those responsible in Procurement to understand best practices in managing procurement solicitations so that the organization's Procurement policies and procedures are being followed. The material will also help identify potential issues and red flags that may arise during the procurement process.
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Why Lorman?
Over 39 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
Policies Governing Procurement Functions
- Procurement Policy Basis
- Purchase Transactions
- Conflict of Interest
- Employee-Vendor Relationships
Understanding Procurement Policies and Procedures
- Defined Levels of Purchasing Limits and Authority
- Competitive Procurement Requirements
- Exceptions to Competitive Procurement
- Internal Operating Procedures
Types of Competitive Procurements
- Request for Quotation
- Request for Proposals
- Request for Information
Other Procurement Considerations
- Federal Funding Clauses
- Pre-Bid Conferences
- Question and Answer Process
- Confidential Information/Trade Secrets
- Bid Protests
- Award of Contract
- Ethical Obligations
General Terms and Conditions
- Contract Renewals/Modifications
- Equitable Adjustments
- Assignment/Change of Control Transactions
- RFP References
Questions and Answers
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Credit
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Why Lorman?
Over 39 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 September 24, 2026.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
- ISM 1.0
- Participants who successfully complete this program will receive 1.0 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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More Program Information
Why Lorman?
Over 39 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
Andy Lamb, C.P.M.
Andy Lamb Associates LLC
- 30-year career concentrating on the management and advancement of procurement operations
- Experience working in private, public, and nonprofit organizations
- Implemented procurement and contract management shared services across organizational networks
- Advisor to the UC San Diego Extension - Supply Management Certification Program
- Past member of the Institute for Supply Management (ISM) and the Association for Healthcare Resource & Materials Management (AHRMM)
- Achieved Certified Purchasing Manager (C.P.M.) lifetime certification status in 2012
- Can be contacted at 802-345-5861 or [email protected]
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More Program Information
Why Lorman?
Over 39 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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- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
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- State Specific Credit Tracker
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