Commercial Purchasing for Tribal Casinos
and Other Commercial Tribal Enterprises
Finance

Commercial purchasing for tribal casinos and other commercial tribal enterprises involves many intricate aspects that must be well understood in order to maintain successful operations. This course will cover the principles of commercial purchasing, including budgeting and the reduction of costs, and also more complex concerns, like purchasing ethics.

Join Falmouth to gain the knowledge that you need to feel confident in your commercial purchasing processes.

Topics that will be covered include:

Introduction: Understanding the Buying Power of the Tribe Principles of Purchasing: The Role of the Seller Off-the-shelf items — from manufacturer to seller (distributor) Establishing economic ordering quantity for requirements Budgeting and reduction of costs Minimizing inventory Types of contracts to consider Preparation and Basic Contents of the Request for Quotation (RFQ) Is the item standard? Are there special considerations for purchase, delivery and warranty/repair? Is “time of the essence” for repair? Is reliability a factor? When I need: Performance bonds Performance milestone schedules Progress payments Liquidated damages Types of Clauses Required in Certain Contracts Definitions Use to transfer the burden of liability Use to guarantee performance

Bill of Material Definition Consideration in the acquisition of a non-standard item Development of the Statement of Work (SOW): What to Include Software vs. Hardware Acquisitions Elements of Cost Analysis vs. Price Analysis When should they be used? Developing Vendor Surveys and Rating Systems to Establish a Comprehensive Source List General Conditions of Purchase Minimizing Tribal Costs by Reducing the Number of “One-Time” Purchase Orders Standard Purchase Order Formats Purchasing Ethics and Policy Requirements High-risk areas as defined by the U.S. Sentencing Guidelines