Spend Management Operation Learning Series 2023: Purchasing Fundamental

September 27, 2023

Attendees will have exposure to a proven model to manage the purchasing process and engage in hands-on learning activities. Participants will receive a broad understanding of activities and processes impacting purchasing, leading practice processes, valuable tools, and techniques that they can apply within their own organization to better manage purchasing outcomes while maintaining a focus on cost and quality care delivery.

Through this 90-minute sessions, we will provide:

•    Review the value an organization receives from a purchasing department 
•    Discuss leading practices and activities for purchasing
•    Illustrate what activities are most valuable to perform as a buyer 
•    Evaluate the purpose of the basic steps of the purchasing cycle
•    Discuss discrepancy management within the purchasing cycle and best practices 
•    Describe key purchasing practices based on different requirements
•    Review processes associated with invoicing and payments
•    Explain other activities beyond standard requisition to payment processing
•    Describe key operational tasks within the purchasing process and KPIs 
•    Recognize essential reporting tools
•    Explain how purchasing integrates with aspects of the overall sourcing strategy 

Target Audience

This activity is intended for nurses, healthcare buyers, purchasing assistants, and purchasing supervisors.

Learning Objectives

At the conclusion of this activity, participants should be able to:

  • Explain the value an organization receives from a purchasing department.
  • Describe the leading practices and activities for purchasing.
  • Illustrate what activities are most valuable to perform as a buyer.
Course summary
Available credit: 
  • 1.50 ANCC
  • 1.50 CBRN
  • 1.50 General CE - Attendance
Course opens: 
09/27/2023
Course expires: 
11/11/2023
Event starts: 
09/27/2023 - 9:30am CDT
Event ends: 
09/27/2023 - 11:00am CDT
Add to calendar: 

Faculty

Tanya Green, CMRP
Consulting Director
Vizient, Inc.

Andrew Hurst, CPhT
Consultant
Vizient, Inc.
 

Planning committee

Marly Christensen, PhD, MS, RN, NP, CPHQ 
Associate Vice President
Vizient, Inc. 

Shireen Elnaggar, MBA
Director, Member Education and Learning
Vizient, Inc. 

Sindi Kelly
Vice President, Supply Chain Operations 
Vizient, Inc.

Lisa Taylor 
Networks Manager 
Vizient, Inc. 

Ronda White, MBA
Sr. Director, Consulting 
Vizient, Inc. 

Identification, Mitigation, and Disclosure of Relevant Financial Relationships

As an accredited provider of continuing education, Vizient, Inc. is dedicated to ensuring this activity presents learners with only accurate, balanced, scientifically justified recommendations, and is free from promotion, marketing, and commercial bias. In accordance with The Standards for Integrity and Independence in Accredited Continuing Education, all planners, faculty, and others in control of the educational content have disclosed the absence or existence of all financial relationships (of any dollar amount) with ineligible companies within the past 24 months.

It is Vizient’s policy that owners and employees of ineligible companies, and any individuals who refuse to disclose the absence or existence of financial relationships with any ineligible companies are disqualified from participating as planners or faculty.

Disclosure of Financial Relationships:

Relevant Financial Relationships 

Vizient, Inc., Jointly Accredited for Interprofessional Continuing Education, defines companies to be ineligible as those whose primary business is producing, marketing, selling, re-selling, or distributing healthcare products used by or on patients.

An individual is considered to have a relevant financial relationship if the educational content an individual can control is related to the business lines or products of the ineligible company.

Sindi Kelly, planner for this educational activity, has individual stock from Axsome Therapeutics, Cardinal Health, and Stryker Pharmaceuticals.

All relevant financial relationships listed for these individual(s) have been mitigated.

All others in a position to control content for this educational activity have no relevant financial relationship(s) to disclose with ineligible companies whose primary business is producing, marketing, selling, re-selling, or distributing healthcare products used by or on patients.

Statement of content validity 

Vizient, Inc. educational activities are intended to assist healthcare teams advance their professional responsibilities in accordance with the definition of continuing education. It is the policy of Vizient, Inc. to review and ensure that all content and recommendations for patient care within accredited CE is evidenced-based, based on current science and clinical reasoning while ensuring the content is fair and balanced. All recommendations must conform to the generally accepted standards of experimental design, data collection, analysis, and interpretation. Vizient, Inc. does not permit accredited continuing education if it advocates for unscientific approaches to diagnosis or therapy, or if the education promotes recommendations, treatment, or manners of practicing healthcare that are determined to have risks or dangers that outweigh the benefits or are known to be ineffective in the treatment of patients.

FDA off-label/unapproved usage

Faculty/Presenters are required to identify any new and evolving topics for which there is a lower/absence of evidence base. This is to ensure that our content does not advocate for, or promote, practices that are not, or not yet adequately based on current science, evidence, and clinical reasoning. Faculty/Presenters are required to disclose any discussion of (1) off-label/unapproved or investigational uses of FDA approved commercial products or devices and/or (2) products or devices not yet approved in the United States.

Disclaimer: The education provided through this activity is for continuing education purposes only. The views and opinions expressed in this activity are those of the faculty/presenters and do not necessarily reflect the views of Vizient, Inc.

Joint Accreditation Statement:

In support of improving patient care, Vizient, Inc. is jointly accredited by the Accreditation Council for Continuing Medical Education (ACCME), the Accreditation Council for Pharmacy Education (ACPE), and the American Nurses Credentialing Center (ANCC) to provide continuing education for the healthcare team.

Designation Statements:

NURSING

This activity is designated for 1.5 contact hours.

Vizient, Inc. is approved by the California Board of Registered Nursing, Provider Number CEP12580, for 1.5 contact hours.

OTHER

Vizient, Inc. will award all other healthcare professionals who successfully complete the activity a Certificate of Participation. Various state license boards and credentialing bodies accept certificates of participation from accredited CE activities to meet CE requirements for license renewals and re- certification. It is the responsibility of the participant to contact their state licensing board and/or certifying body for verification on credit eligibility reciprocity.

Available Credit

  • 1.50 ANCC
  • 1.50 CBRN
  • 1.50 General CE - Attendance
Please login or register to take this course.