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Live Webinar

90-minute live streaming program
  • This event was held January 20, 2021.
  • 1:00 - 2:30 pm EST

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OnDemand Course

Optimizing Your GPO to Reduce Procurement Risk

This event was held January 20, 2021.

Learn to balance the proposed benefits and associated pitfalls 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.

Learning Objectives

  • You will be able to describe what a GPO is.
  • You will be able to discuss how a GPO could benefit your organization.
  • You will be able to explain the importance of GPO spend aggregation.
  • You will be able to identify what the benefits and pitfalls are when partnering with a GPO.

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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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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

OnDemand Course

This course was last revised on February 12, 2019.

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

No Credit Available

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

Live Webinar Registration

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • 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 Finance 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: Finance 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, buyers, contracting and materials managers, procurement managers, presidents, vice presidents, accountants, bookkeepers and financial professionals.

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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.

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.

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.

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Product ID: 408066
Published 2019, 2021
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