CEMP Webinar 05 Recording Enhancing Equipment Management: Third-Party Vetting, Error Prevention, and Internal Procedures

Webinar Description

Description

An essential webinar focused on elevating your equipment management practices. This session is designed for asset managers, procurement professionals, and compliance officers who aim to strengthen their oversight and streamline their internal processes.

Key Topics Covered:

1. Third Party Vetting Process: Learn how to effectively vet third-party vendors to ensure they meet your standards for reliability, compliance, and performance. Explore strategies for evaluating and selecting partners who align with your organizational goals.
2. Errors and Omissions: Understand common pitfalls and errors in equipment management and discover best practices for minimizing omissions and inaccuracies. This segment will provide practical solutions for maintaining high standards in your equipment management processes.
3. Internal Policies and Procedures: Dive into the development and implementation of robust internal policies and procedures. Gain insights into creating guidelines that ensure consistency, compliance, and efficiency in your equipment management practices.

This webinar will equip you with the knowledge and tools to enhance your equipment management approach, reduce risks, and foster effective internal controls. Don’t miss this opportunity to refine your strategies and ensure operational excellence.

Learning Objectives

1. Evaluate Third-Party Vendors: Participants will be able to outline an effective vetting process for third-party vendors, assessing their reliability, compliance, and performance standards relevant to their organizational needs.
2. Identify Common Pitfalls: Participants will be able to recognize and analyze common errors and omissions in equipment management practices, enabling them to implement strategies to minimize these issues.
3. Implement Best Practices: Participants will be equipped with practical solutions and best practices to maintain accuracy and high standards in equipment management, including techniques for error prevention.
4. Develop Internal Policies: Participants will learn how to create and implement robust internal policies and procedures that enhance consistency, compliance, and efficiency in equipment management.
5. Enhance Risk Management: Participants will gain insights into risk management strategies that foster effective internal controls, ultimately leading to improved operational excellence in equipment management.
6. Align Equipment Management with Organizational Goals: Participants will be able to align their equipment management strategies with broader organizational objectives by evaluating and selecting partners that fit their goals.

By the end of the webinar, participants should feel empowered to refine their equipment management practices through informed decision-making and strategic planning.

Course Audience

Leasing companies, credit officers, banks, attorneys, management associations, ELFA, equipment managers

General Webinar Information

Login to ASA's webinars are through your Education Dashboard on the ASA website. 

System Requirements

To ensure the best ASA webinar experience, be sure to download the Zoom app on your device before the webinar begins.

Continuing Education (CE) Information

This webinar will award 2.4 CE hours.

If you are a designated member of the American Society of Appraisers, CE credit will automatically be entered into your record ONLY if you participate in the live webinar. Please allow approximately 2 weeks post-webinar for ASA to notify participants via email regarding a certificate of completion.