Building Successful Business Partnerships: Managing Supplier Relationships
Video Self-Study
Course Length: Approximately 1 Hour
CPE Hours: 1.0
Course Level: Overview
Field(s) of Study: Management (1.0 CPE Hours)
Who should attend: CPAs who manage relationships with outside contractors or vendors for their organization
Required Knowledge: Basic understanding of contracts and corporate negotiations
Advanced Prep: None
As financial leaders, CPAs are often tasked with managing organizational risk. In this respect, the supplier relationship can be a tricky one. It is often one of the more familiar and comfortable business relationships we have, yet it may also be the one that presents the most significant risk to our company. In this course, we will explore how to manage the supplier relationship from onboarding to termination. Through case studies and best practices, we will discuss how to continue being a good partner to our suppliers while also understanding where potential risks exist.
Identify the basic elements in a typical supplier contract
Recall when it is necessary to obtain a Form W-9
Recognize company risks when working with suppliers
David Peters
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