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. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- 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
Major Topics
The major topics that will be covered in this course include:
- Overview of supplier contracts
- Case studies of successful and not-so-successful supplier relationships
- Risk potentials
