Course Description:
Type: self-paced, online
Description: This Procurement U online course is designed to introduce public procurement professionals to basic steps involved in using financial data to analyze suppliers’ organizational performance. The course provides an overview of accounting principles, discusses the contents of financial statements, and reviews selected analysis techniques, including the use of ratios.
The course concepts will be valuable to any government employees who participate in a determination of
responsibility during the evaluation process. Learners should be advised that the course includes
mathematical concepts that may be challenging to beginners.
Suggested Audience: Public procurement professionals or other government employees seeking to gain a
basic understanding of financial statements and analysis techniques that can support decisions related
to supplier performance or stability
Course Technology Requirements:
- Internet connection
- Support web browsers:
- Recommended: Chrome, Firefox, Safari (latest versions)
- If prompted, accept all cookies and allow popups
- Access to Procurement U LMS
- Ability to play and listen to audio through computer speakers or headphones
Suggested Audience: Procurement professionals looking to gain a better understanding of how persuasion differs from negotiation, and influence others to change or take action.
Contact Hours: 3
IACET CEUs: 0.3
Universal Public Procurement Certification Council (UPPCC) Certification Alignment:
Certified Professional Public Buyer (CPPB)
Domain I. Regulatory Compliance
o Competency A. Apply laws, policies, and procedures to the procurement process
Domain II. Procurement Life Cycle: Pre-Solicitation Planning
o Competency I-1. Recognize impacts of financial considerations on procurement processes/schedule: Funding source requirements
o Competency J. Recognize risk and apply risk management strategies
Domain III. Procurement Life Cycle: Sourcing and Supplier Selection
o Competency D. Manage the sourcing and approval process
o Competency E. Evaluate solicitation respondents and responses
o Competency F. Apply negotiation strategies and document the process
Domain IV. Procurement Life Cycle: Contract Development & Administration
o Competency C-3. Administer the contract process: Supplier compliance and performance
Certified Public Procurement Officer (CPPO)
Domain II. Regulatory Framework & Compliance
o Competency B. Develop procurement policies and procedures to ensure compliance with laws and regulations
o Competency C. Enforce procurement policies and procedures
Domain III. Strategic Procurement Planning
o Competency E. Manage the impact of financial considerations to the procurement operation, organization, and schedule
o Competency J. Apply risk management strategies
Domain IV. Sourcing & Supplier Selection
o Competency A-6. Evaluate and recommend strategies and/or standards: Negotiation process
o Competency D. Establish and manage the sourcing and approval process
Domain V. Contract Management
o Competency A-2. Establish a contract management process: Supplier performance and compliance