On Demand Webinar

Advanced Purchasing Strategies

Webinar Details $219

  • Rated:
  • Webinar Length: 100 Minutes
  • Guest Speaker:   Michael W. Gozzo
  • Topic:   Purchasing, Taxation and Accounting
  • Credit:   ISM 1.5, CPE 2.0, ATAPU 1.5, ATATX 1.5
All Access Membership

There are new roles that require a thorough understanding of functional interrelationships if you are to succeed.

This presentation identifies the elements needed to provide a business with best materials and/or service.   Understand how to bring together the concepts of Total Cost, Lean/Six Sigma, Certification Process of Suppliers, and the new relationships necessary to ensure success.  A convergence of AI, AA and other new technologies will empower businesses with tools and information to get goods & services that they need.  

Automation drives efficiency and creates new opportunities for procurement to add value in areas not previously done.  Purchasing leaders must orchestrate end-to-end processes with strategic perspective.

Your Benefits of Attending:

  • Gain insight into Blockchain's role in purchasing.
  • Learn about the role that Artificial Intelligence is playing in Purchasing and why that is so important to you.
  • Understand emerging technologies and how to integrate them into your practices with customers and suppliers.
  • Understand the principles of Business Process Management and how to employ it.
  • Gain proven processes for implement new technologies.

Join Michael Gozzo as he takes your Purchasing strategies to the next level.

  1. Introduction
  2. Content 00:01:29
  3. Objective of Presentation 00:02:13
  4. Section One - Today’s Environment 00:03:28
  5. What Is Change? 00:04:07
  6. Successful Companies 00:04:52
  7. Section Two - Functional Leadership 00:05:44
  8. Functional Leadership 00:06:03
  9. Guidelines For Supplier Improvement Programs 00:07:17
  10. Goals & Objectives For Supplier Improvement 00:11:11
  11. Goals & Objectives Cont’d 00:13:53
  12. Goals & Objectives Cont’d 00:20:21
  13. Defining The Problem Solving Process 00:24:50
  14. Fix vs. Solution 00:26:59
  15. Practicality 00:27:56
  16. Pareto Chart 00:28:50
  17. Section Three - Where to Begin 00:32:39
  18. Where to Begin 00:33:00
  19. Business Process Management Mission and Goals 00:33:51
  20. BPM - Value Proposition 00:35:19
  21. Section Four - The New Technologies 00:38:38
  22. Why This Push? 00:35:59
  23. What Are The Technologies 00:41:52
  24. Artificail Inteligence 00:43:20
  25. AI -Application 00:44:37
  26. Blockchain - BC 00:47:41
  27. How Blockchain Works 00:49:16
  28. Blockchain Application 00:51:04
  29. Internet of Things 00:52:07
  30. IOT - How It Works 00:52:51
  31. IOT - Application - Intent 00:56:10
  32. Advanced Analytics (AA) 01:00:45:
  33. AA Techniques 01:02:04
  34. Control Tower 01:03:53
  35. Control Tower (Cont’d) 01:06:21
  36. Control Tower (Cont’d) 01:07:39
  37. Section Five 01:08:35
  38. Spend Visibility 01:09:32
  39. Application Aras 01:11:59
  40. Section Six 01:18:22
  41. How To Implement 01:18:45
  42. Four (4) Stages 01:19:31
  43. Four (4) Stages (Cont’d) 01:23:32
  44. Six Execution Steps 01:27:40
  45. Six Execution Steps (Cont’d) 01:29:45
  46. Who Will Be Involved and Why? 01:32:22
  47. Recap 01:34:26
  48. Q & A 01:38:05
  49. Presentation Closing 01:41:36
  • Artificial Intelligence 00:43:20
  • Blockchain 00:47:44
  • Business Process Management 00:33:12, 00:35:29
  • Inventory 00:18:42
  • Invoice 01:09:46
  • Pareto Chart 00:29:09
  • Procurement 00:06:13
  • Purchase Order 01:09:46
  • Supplier 00:15:25, 00:26:07
  • Supply Chain 00:15:06
  • Supply Chain Management 00:07:17
  • Total Quality Management (TQM)  00:22:53

Pareto Analysis: Pareto analysis is a formal technique useful where many possible courses of action are competing for attention. In essence, the problem-solver estimates the benefit delivered by each action, then selects a number of the most effective actions that deliver a total benefit reasonably close to the maximal possible one.

Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared.

Purchase Price Variance (PPV) : Purchase Price Variance represents the difference between the actual price and the standard price, multiplied by the quantity purchased. The formula is: Purchase Price Variance = (Actual Price – Standard Price) x Actual Quantity.

Strategic Procurement: Strategic procurement, also known as strategic sourcing, refers to the long-range plan to ensure a timely supply of goods and services that are critical to an organization's ability to meet its core objectives. For a truly strategic procurement process, the entire organization must be involved.

Supply Chain: A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. The supply chain also represents the steps it takes to get the product or service from its original state to the customer.

Supply Chain Management: In commerce, supply chain management, the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption.

Total Cost of Ownership (TCO) : Total cost of ownership is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. It is a management accounting concept that can be used in full cost accounting or even ecological economics where it includes social costs

Value Analysis: The systematic and critical assessment by an organization of every feature of a product to ensure that its cost is no greater than is necessary to carry out its functions.

Guest Speaker

  • Michael W. Gozzo

ISM Credit

Institute of Supply Management

This program may be used for Continuing Education Hours (CEH) toward recertification for programs offered by the Institute for Supply Management®, including the Certified Professional in Supply Management® and Certified Professional in Supplier Diversity®.

CPE Credit

Continuing Professional Education

Aurora Training Advantage 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 website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or training@auroratrainingadvantage.com.

You must answer all questions during the webinar, view the recording completely and pass the test at the end with 70% correct answers to receive CPE credit.

ATAPU Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in purchasing.

ATATX Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.