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Procurement Sourcing Best Practices: Key Strategies to Increase Contracting Success

Understand the various areas of procurement that impact the effectiveness of contracting for goods and services.

Procurement has increasingly become a focal point of public and private sector organizations and companies. Business owners, industry executives, and government leaders have all experienced the struggles of the constrained supply chain, the challenges of creating a more diversified supplier base, and the risks that have increased in contract delivery and execution. This course will discuss the importance of individuals with procurement responsibility understanding the various areas of procurement that impact the effectiveness of contracting for goods and services for the public and private sector. The panelist experts will discuss how to increase the value of procurement service delivery through improved core competency development, effective application of appropriate sourcing tools, strategizing effective contract administration, and increased diversity of the supply chain. This course will also discuss how procurement professionals and those involved in the sourcing process can leverage best practices to increase value to clients, reduce risk, and improve contract success. This material is critical for all those involved in the procurement process.

Learning Objectives

  • You will be able to identify skills and core competencies required for the sourcing process.
  • You will be able recognize essential methods and key components in the solicitation and sourcing processes.
  • You will be able to identify key components of contract administration
  • You will be able to identify desirable aspects of diversification.

64 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 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

The Core Competencies of Procurement Sourcing

  • Identifying the Key Competencies Required for the Sourcing Process
  • Applying Competencies to Create a Positive Impact on Today's Sourcing Challenges
  • Marketing the Value and Importance of Competency Development

Determining the Optimal Procurement Sourcing Method

  • Distinguishing Between the Scope of Work and the Statement of Work
  • Selecting the Most Appropriate Sourcing Tool in Your Toolbox
  • Leveraging Knowledge From the Supplier Community

Creating Highly Effective Contracts

  • Analyzing the Six Categories of Contract Risk
  • Envisioning Contract Performance in the Contract Administration Phase
  • Increasing Contract Performance Success Through Performance Measures

Maximizing Diversity and Competition in the Sourcing Process

  • Identifying Supplier Sourcing Goals
  • Creating an Effective Supplier Relationship Management Program
  • Establishing a Diverse Supplier Pool

Questions and Answers

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Why Lorman?

Over 35 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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on April 8, 2022.

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

  • AR CLE 1.0
     
  • This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.0
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.0
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • GA CLE 1.0
     
  • This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
     
  • HI CLE 1.0
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
     
  • IN CLE 1.1
     
  • This program has been approved by the Indiana Commission on Continuing Legal Education. Participating attorneys are eligible to receive up to 1.1 hours of Distance Education credit.
     
  • MO CLE 1.3
     
  • This course qualifies for self-study CLE credit in Missouri.
     
  • MS CLE 1.1
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.1 credit hours.
     
  • NC CLE 1.0
     
  • This program has been approved by the North Carolina State Bar Board of Continuing Legal Education for 1.0 CLE hours.
     
  • NH MCLE 1.1
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 64 Minutes.
     
  • NJ CLE 1.3
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
     
  • OH CLE 1.0
     
  • This course has been approved by the Ohio Supreme Court Commission on Continuing Legal Education for 1.0 CLE credit hours. Please note: No more than twelve (12) hours of self-study CLE credit for any biennial reporting period may be earned by an Attorney or Judge under Regulation 409.2. To fulfill CLE requirements for self-study, web-based programs, you must complete 100% of the polling questions during the program. Your hours will be filed electronically within thirty (30) business days by Lorman Education Services provided you fulfilled 100% attendance and polling questions answered.
     
  • PA CLE 1.0
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
     
  • VA CLE 1.0
     
  • This program has been approved by the Virginia Mandatory Continuing Legal Education Board for 1.0 CLE credit hours.
     
  • VT CLE 1.0
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     
  • WA CLE 1.0
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
     
  • WI CLE 1.0
     
  • This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
     
  • WV MCLE 1.3
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
     
  • 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.
     
  • CPE/NASBA - QAS Self Study 1.8 including Production 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: www.nasbaregistry.org. 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: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.

This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.

MP3 Download

  • Arizona CLE 1.0
     
  • CA MCLE 1.0
     
  • CT CLE 1.0
     
  • HI CLE 1.0
     
  • NJ CLE 1.3
     
  • VT CLE 1.0
     
  • WA CLE 1.0
     
  • WV MCLE 1.3
     
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.

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Why Lorman?

Over 35 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

Tara Acton, CPPB

Tara Acton, CPPB

Mohave County

  • Began her procurement career in September 2009 with Mohave County; after a 4-year service with the City of Tucson, she returned to the County as their Director of Procure-ment and Central Services in June 2020
  • Active leader in NIGP; served as the President of NIGP’s Grand Canyon Chapter from July 2015 through June 2017; served on several committees with NIGP’s Copper Chapter between October 2016 and May 2020; at the Institute level, she has served on multiple committees and task forces since 2015; was elected to the Member Council in 2017; in February 2020 was elected as the Chair-Elect for the Council; shortly after becoming Chair-Elect, the Council’s Chair was appointed to the Governing Board, so she quickly ascended to Chair and has been serving as the Member Council Chair, and ex officio Governing Board Member since February 2020
  • Recognized as the Copper Chapter’s 2019 Buyer of the Year, NIGP’s Young Profession-al for 2019, and received the City of Tucson’s Business Services Department Keys to Success Award for her contributions to the City of Tucson as well as the work she has done on behalf of the profession
  • Bachelor’s of Applied Sciences degree in public agency service, Northern Arizona Uni-versity; received the designation of Certified Professional Public Buyer (CPPB)
Marcheta E. Gillespie, FNIGP, NIGP-CPP, C.P.M., CPPB, CPM

Marcheta E. Gillespie, FNIGP, NIGP-CPP, C.P.M., CPPB, CPM

NIGP Code & Consulting Powered by Periscope/mdf Commerce

Marcheta E. Gillespie, FNIGP, NIGP-CPP, CPPO, C.P.M., CPPB, CPM

  • President of NIGP Code and Consulting Services
  • Dynamic international speaker, professional consultant and trainer, and experienced thought-leader with 30 years in the procurement profession; possesses a broad and deep range of expertise in numerous areas of public procurement best practices, professional development and leadership, and overall procurement transformation
  • In 2021, she became the President of NIGP Code and Consulting Services; former Director of Procurement at the City of Tucson, leading one of the country’s most highly-acclaimed procurement organizations; retired from government service, she now works with public and private industry helping them transform their procurement operations; prior to becoming President, she served as program manager and senior consultant working with Periscope Holdings, Inc (the management corporation for the NIGP Code and Consulting Program); former Chair of the UPPCC Governing Board, was the 2013-2014 President of NIGP and served on the NIGP Board of Directors for 10 years
  • 2019 Albert H. Hall recipient and the 2017 Distinguished Service Award recipient, the highest and second-highest honors bestowed upon individuals by NIGP in the public procurement profession
  • Can be contacted at 520-940-7194, [email protected], on LinkedIn® Marcheta Gillespie, or Twitter® (@MarchetaG1)
Victor Leamer, CPPB

Victor Leamer, CPPB

Spokane County

  • Senior Buyer, Spokane County
  • With over 30 years of public procurement experience at the county, state department, and state-wide levels, Leamer is currently the Senior Buyer with Spokane County in Washington
  • Teaches Sourcing in the Public Sector and the Core Certificate: Foundations in Strategy and Policy for NIGP, the 10-part Learning Lab RFP series, and has presented NIGP webinars on protests, evaluating responsiveness in bids, and contract price adjustments
  • Appointed to the NIGP Talent Council in 2021, serves on NIGP’s Content Management Committee, and is a founding member/former vice president of the Alaska/Hawaii Gov-ernmental Procurement Association NIGP Chapter; he is also the programming director of Radio NIGP
  • B.A. degree in broadcast journalism, Western Washington University (Bellingham, WA); Certified Professional Public Buyer (CPPB) designation in 2009
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Over 35 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: 409402
Published 2022
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