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Optimizing Your GPO to Reduce Procurement Risk

Learn how to balance the proposed benefits with the pitfalls associated of a GPO relationship.

Group Purchasing Organizations (GPO) have played a key role across most industries for over a century. They are formed to help reduce cost for members but have evolved into providing a much more comprehensive offering of services. Without understanding their many complexities, the value that is supposed to exist from being a member in a GPO may not be there at all. This topic will teach you about the types of GPOs and how they may benefit your organization. You will also learn about their evolution over time and why they continue to be such a large influence in many industries.

87 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 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

Group Purchasing Organization (GPO) Types

  • Formal vs. Informal
  • Cooperatives
  • Consortiums
  • Government
  • Corporate

GPOs Throughout Time

  • History
  • GPO Growth
  • Industries They Support
  • Their Mission Over Time
  • Antitrust Considerations

Benefits of Being in a GPO

  • Reduced Costs
  • Reduced Procurement Risk
  • Resource Reduction or Reallocation
  • Leverage GPO Technologies
  • Networking Opportunities

GPO Pitfalls

  • Adding a Layer in the Supply Chain
  • Conflict of Interest
  • Costs
  • Funding Models
  • Are You Their Customer or Is the Supplier?
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More Program Information

Why Lorman?

Over 34 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

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

OnDemand Course

This course was last revised on January 20, 2021.

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.

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More Program Information

Why Lorman?

Over 34 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, C.P.M.

Andy Lamb Associates LLC

  • Owner of Andy Lamb Associates LLC
  • Continues his full-time career concentrating on advancing supply chain, procurement and managed print services
  • Over 30 years’ experience working in private, public and nonprofit organizations
  • Advisor to the UC San Diego Extension - Supply Management Certification Program
  • 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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Why Lorman?

Over 34 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

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Product ID: 408066
Published 2021
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Available in Multiple Formats

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