Master procurement fundamentals, ethics, and value-driven buying strategies.
Individuals who are new to procurement roles may not be fully aware of the responsibilities and opportunities that come with being a buyer. The role can be high-pressure and may vary by industry, but buyers must consistently balance customer expectations with supplier capabilities while holding themselves to a higher ethical standard than others in the organization. Despite these challenges, the role can bring organizational recognition and offer career progression opportunities not often found in other professions. This course provides new buyers with an enhanced understanding of core procurement concepts and how best to leverage available technologies to support their work. The program also explains, in detail, the ethical obligations of the role and why buyers are held to a higher standard. This elevated level of responsibility brings opportunities to directly impact the organization's bottom line, as well as deliver additional value, such as minimizing organizational risk.
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Why Lorman?
Over 39 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
Definitions to Know as a New Buyer
- General
- Procurement vs. Purchasing
- Strategic Sourcing
- Suppliers vs. Vendors
- Freight Terms
- Payment Terms
Purchasing Technologies
- Enterprise Resource Planning (Erp) Systems
- Benefits and Pitfalls of Electronic Procurement
- Price Benchmarks
- How to Make the Most of Procurement Cards
- Always Think About the Entire Procure-To-Pay Process
Ethical Obligations as a New Buyer
- Accepting Gifts
- Understand Your Organization's Policies and Procedures
- Always Justify Your Competitive Bid Awards
- Avoid the Appearance of Impropriety
- Social Responsibility (Sustainability)
- Don'T Take Advantage of the "Buyer" Role for Personal Gain
- Confidentiality
How Can I Add Value to My Organization
- Save Money!!
- Don'T Forget to Negotiate and Always Prepare Ahead of Time
- Reduce Risk to Your Organization
- Partner With Accounts Payable and Receiving
- CRM and Srm - Build Relationships With Your Customers and Suppliers
- Continually Streamline the Process
What's Next to Learn
- Group Purchasing Organizations
- Uniform Commercial Code
- How to Handle Disputes
- Learn to Write and Project Lead a Formal RFP Process
- Contract Law
- Procurement Certifications
- Demand Planning
- Supplier Resiliency
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Credit
More Program Information
Why Lorman?
Over 39 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 25, 2026.
Call 1-866-352-9540 for further credit information.
- CPIM/CFPIM/CSCP 1.0
- This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
- 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.
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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Credit
More Program Information
Why Lorman?
Over 39 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 Associates LLC
- 30-year career concentrating on the advancement of supply chain management and procurement
- Experience working in private, public, and nonprofit organizations
- Implemented supply chain and contract management shared services across a four hospital network
- 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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Credit
More Program Information
Why Lorman?
Over 39 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!
- OnDemand Courses
- Live Webinars
- MP3 Downloads
- Course Manuals
- Executive Reports
- White Papers and Articles
Additional benefits include:
- State Specific Credit Tracker
- All-Access Pass Course Concierge
Questions? Call 877-296-2169 to speak with a real person.
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