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Purchasing Ethics: Doing What's Right Across All Supplier 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. 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 will be discussed. You will come away with some practical tools that are used in the procurement office to maintain an open and competitive environment.

Runtime: 88 minutes
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Why Lorman?

Over 32 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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More Program Information

Why Lorman?

Over 32 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 December 17, 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.

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.

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More Program Information

Why Lorman?

Over 32 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 32 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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Pay once and get a full year of unlimited training in any format, any time!

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* For audio recordings you only pay shipping

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

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Product ID: 404637
Published 2018
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