Lorman offers professional resources regarding COVID-19 and the 2020 Election

Show navigation

Live Webinar

90-minute live streaming program
  • January 26
  • 1:00 - 2:30 pm EST

Also available as:

MP3 Download
OnDemand Course

How to Successfully Perform Supplier Audits

January 26

Supplier audits can be confusing, learn exactly how to perform them successfully.

The benefits of a supplier audit are continuous improvement and long-lasting buyer seller relationships. A supplier audit will also evaluate issues related to the management systems and the processes. The purchasing audit is also a key element for the yearly supplier evaluation.

Learning Objectives

  • You will be able to discuss internal versus external audit criteria.
  • You will be able to review contracts, delivery specifications, complaints and quality standards.
  • You will be able to explain how to develop a supplier audit checklist.
  • You will be able to define fraud exposure.

Purchase Options

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.

Agenda

Internal vs. External Audit Criteria
Step 1 - Review Contracts, Delivery Specifications, Complaints, and Quality Standards
Step 2 - Develop a Supplier Audit Checklist
  • Evaluation of Production (Manufacturing or Service) Facilities
  • Evaluation of Quality and Maintenance of Production Equipment
  • Assessment of Quality Control System (QC Related Activities)
  • Evaluation of Planning and Control System
  • Assessment of OSHA Compliance
  • Evaluation Employee Qualification System
  • Evaluation of Outsourcing Activities (If Relevant)
  • Evaluation of Subcontractors (If Relevant)
  • Assess Delivery Risk
Step 3 - Execute Audit
  • Send Questionnaire to Supplier
  • Review Supplier Questionnaire
  • Schedule on-site Review
  • Conduct On-site Supplier Audit
Step 4 - Issue Audit Report
  • Issue Observations and Recommendations to Buying Organization's Management
  • Issue Observations and Recommendations to Current or Potential Management
Fraud Exposure
  • The Purchasing Cycle
  • Administration
Purchase Options

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.

Credits

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

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

OnDemand Course

This course was last revised on February 4, 2020.

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

  • 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.

Live Webinar Registration

  • 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.
     

Who should attend?

This live webinar is designed for purchasing managers, material managers, contract administrators, senior buyers, project directors, controllers, auditors, and accountants.

Purchase Options

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

W.C. Benton, Jr.

W.C. Benton, Jr.

The Ohio State University

  • The Edwin D. Dodd professor of management, and professor of operations and supply chain management in the Fisher College of Business at The Ohio State University
  • Teaches courses in purchasing/supply management, manufacturing planning and control, operations analysis, facility design and the business of health care to M.B.A. and doctoral candidates
  • Principal with W.C. Benton and Associates, Inc.
  • Partner in Supply Chain Solutions, a supply chain management consulting firm
  • Published more than 200 articles in the areas of purchasing management, inventory control, supply chain management, quality assurance, materials management and health care
  • Frequent speaker and recognized operations management researcher
  • Worked as a sourcing consultant for companies throughout the world, including Australia, Canada, India, New Zealand, Korea, Taiwan, Hong Kong, Japan, Vienna, and the United States
  • Served as an expert witness for the private and public sector procurement cases
  • Doctorate in operations and systems management, and quantitative business analysis, Indiana University in Bloomington, Indiana
  • Can be contacted at 614-292-8868, fisher.osu.edu/people/benton.1 or [email protected]
Purchase Options

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.

All of your training, right here at Lorman.

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

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

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

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 408067
Published 2020, 2021
Purchase Options

Register today before this event fills.