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Conducting a Successful Purchasing Audit

Date: Wednesday, January 30, 2019
Time: 1:00 - 2:30 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $199.00

Registration - Live Webinar Plus CD Recording: $268.00
 

Learn how purchasing audits can be beneficial to the bottom line.

The purchasing audit is used as a diagnostic process that identifies opportunities for increased profitability.

The purchasing audit should be broad and systematic and serves a way of reaffirming the company objectives, determine how the current purchasing strategy is performing, and identify the areas that need immediate managerial attention.

You will learn about the elements required to conduct a successful purchasing audit.

Learning Objectives:

  • You will be able to identify critical elements of a successful purchasing audit.
  • You will be able to discuss how the current purchasing strategy is linked to other functional areas.
  • You will be able to explain purchasing’s role in globalization and outsourcing activities.
  • You will be able to review how to assess whether procedures for small purchases are cost effective.
This Live Webinar Covers These Hot Issues:

Internal vs. External Audit Criteria

Internal Auditing Criteria

• Make vs. Buy Decisions
• Strategy and Sourcing
• Supplier Relationship Management

External Auditing Criteria

• Supplier Categories
• Supplier Performance Evaluation

Outsourcing

• Purposes and Benefits of Outsourcing
• Hidden Cost Analysis

Fraud Exposure

• The Purchasing Cycle
• Administration

Credit Information (Sponsored by Lorman Education Services):

  • CLE
  • CPE
  • ISM
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty

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
  • Partner in Supply Chain Solutions, a supply chain management consulting firm
  • Published more than 175 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 benton.1@osu.edu

(Not available outside the US)