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Course Details

Purchase Order Fundamentals

Webinar: ID# 1014470
Recorded CD
Qty:
About This Course:
Purchase order fundamentals is a web-based 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.

Agenda

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
FACULTY

Kenneth M. Jones
  • Special assistant of institutional services, University at Albany, SUNY
  • Supervise and train purchasing professionals in government, educational and nonprofit purchasing
  • More than 25 years of direct procurement experience that includes all aspects of procuring services, commodities, construction and construction services using formal bids, request for proposals, establishing contracts and monitoring vendor performance in a decentralized environment
  • Conducts regular seminars and workshops on public procurement and related topics
  • Experienced in working with the implementation and development of large and local procurement systems
  • Experienced in developing strategic sourcing models and improved procurement practices
  • Served on the board of directors of the State University of New York Purchasing Association
  • Attended various workshops and training events including those provided by Dale Carnegie, SUNY, the NYS Comptroller, NYS Office of General Services and many others
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Purchase Order Fundamentals
Available on CD format
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