Purchase Order Fundamentals (OnDemand Webinar)

$199.00

SKU: 406330EAU

Description

Increase your knowledge and enhance your skills with an indepth discussion surrounding the world of purchase orders.
Purchase order fundamentals will be a webbased training experience covering the operations of a procurement office and how purchase order systems are used. The topics covered will give you an understanding of purchasing processes and how to avoid common mistakes. Today’s fast paced demands are requiring rethinking of the standard paper processes and the use of electronic systems to facilitate decentralized desk top ordering, with just in time delivery while weighing the risks to internal controls.

Date: 2019-07-02 Start Time: End Time:

Learning Objectives

The Benefit in Using a Purchase Order System
• A Purchase Order Is a Contract
• Creating a Purchase Requisition
• Maintaining a Vendor Data Base
• Maintaining Internal Account Records
• Receiving Merchandise
• Payment of Invoices
• Tracking the Process Using a Computer
• Keeping Records for Future Use

Types of Information to Include on the Purchase Order
• Vendor Record Information
• Delivery and Contact Information
• Product or Service Description
• Basic Contract Information
• Freight Terms
• Delivery Dates
• Payment Terms
• Coding for Accounting
• Information for Property/Asset Tracking
• References to Your Terms and Conditions
• Authorized Signature of Agent

Types of Purchase Orders
• Purchase Order for Commodities
• Purchase Orders for Services
• Blanket or Standing Purchase Orders
• Confirming Purchase Orders
• Reimbursements
• No Order Payments
• Procurement Card Orders
• Online Electronic Orders

Purchase Order Pitfalls
• Ordering Outside the Purchase Order Process
• Vendor Quotes
• Conflicting Terms
• Timeliness of Ordering
• Managing Paper
• Decentralized vs. Centralized Processes
• Proof Reading the Document
• Tracking Order Delivery
• Approval Layers
• Internal Controls
• Cost of Processing

ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Cory Talbot-Holland & Hart LLP

Purchase Order Fundamentals

$199.00

SKU: 401553EAU Category: Tags: , , ,

Description

Increase your knowledge and enhance your skills with an indepth discussion surrounding the world of purchase orders.
39Purchase Order Fundamentals39 will cover the operations of a procurement office and how purchase order systems are used. The topics covered will give you an understanding of purchasing processes and how to avoid common mistakes. Today’s fast paced demands are requiring rethinking of the standard paper processes and the use of electronic systems to facilitate decentralized desk top ordering, with just in time delivery while weighing the risks to internal controls.

Date: 2017-11-06 at –

Learning Objectives

Credits: CPE ,ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.