Best Practices for Working with Vendors and Suppliers
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Speaker : KENNETH JONES
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When : Monday, July 15, 2024
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Time : 01 : 00 PM EST
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Ken Jones has been working in the public and non-profit procurement field for over 30 years. He worked for the New York State Office of Taxation and Finance as a Purchasing Assistant from 1985-87 and left there to work for the University at Albany, SUNY where he served as a Purchasing Agent and in 1999 was the Assistant Director supervising and providing training for the Office of Purchasing and Contracts. This included proving training for both State procurement and The Research Foundation for SUNY procurement rules and regulations. His previous purchasing experience included procuring commodities, services and construction for the departments on campus. A past Director of the SUNY Purchasing Association, Ken retired from the position of Assistant Director in January of 2014. However he was requested to continue to assist the office through the end of 2014. Currently Ken works part time for the SUNY Center for International Development as a Procurement Specialist assisting primarily with their program in Kenya, Africa. Ken has trained many University staff on procurement rules and regulations. He established online ordering processes with vendors ranging from Office supplies to Lab chemicals and continues to provide training in his current position to procurement staff in Nairobi, Kenya. Ken has presented on various procurement topics both in person and on the Web.
This Webinar Describes,
- This is a Business Relationship
- You are representing your Company or Agency
- You’re First Priority should be to look out for the best interests of your Employer
- Your Vendor will be looking out for their best interests
- Avoid getting into a personal relationship with your supplier or their representative - Coming to Terms with your vendor
- Make your vendor aware of your company or agency purchasing terms and conditions
- Bind your agreements with vendors using your written or published terms
- Avoid using agreements drafted by your vendor
- Review all vendor terms and conditions of sale, warranty, liability, indemnification, etc. - Limit the Risk to your Organization
- Require Insurance of all appropriate types
- Require certifications or licenses if required
- Provide for Penalties for unsatisfactory performance
- Provide convenient exit clauses for your organization
- Do a vendor Responsibility Check - How to increase the quality of your business relationship with vendors
- Know what products and services they provide
- Offer them open and competitive solicitations
- Give them adequate time to respond to solicitations
- Monitor their performance - Pay them timely in accordance with your published payment terms - Case Studies
- Vendor is doing work that puts your company at a High Liability Risk
- Vendor is not providing Quality Transportation Services
- Long time vendor is protesting their loss of Business
- Monitoring Supply vendor leads to more flexibility to the end user
- Poor results are discovered after the vendor has left the job site
Areas Covered
- This is a Business Relationship
- Coming to Terms with your vendor
- Limit the Risk to your Organization
- How to increase the quality of your business relationship with vendors?
- Case Studies
Who Should Attend
Suggested attendees: Purchasing Agents, Finance Officers, Contract Officers, Accounting Officers, Legal Counsel, Internal Controls Officers, and Ethics Officers.
Why Should You Attend
Attendees will gather information related to building vendor relationships that will best benefit your organization. They will know what to look for in reviewing agreement terms that protect their employer and mitigate risk. We will review areas that enhance your value to a vendor and how to make vendors and suppliers work for you. They will hear of several real-life examples of problems and success stories in building vendor relationships. There will be examples of win-win solutions where both the customer and the vendor benefit. Participants will learn to avoid pitfalls that can cause problems for them and their organization. They will learn about monitoring vendor performance to enhance the quality of the services they provide your company or agency.
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$160.00
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