Petroknowledge

An Intensive 3 Day Workshop

Procurement Fraud Workshop

The Identification, Monitoring, Detection and Resolution

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Code Date Venue Fee($)
MM119 21 - 23 Feb 2021 Dubai - UAE 3,500

*All fees are exclusive of VAT


Why Choose this Workshop?

The broad objectives of scrupulousness in procurement relate to the integrity and honesty in procurement transactions. The accountability; sustenance of integrity; ensuring compliance with processes; maintaining supplier confidence in the organization’s processes; minimizing potential conflicts; all offers being evaluated against the same criteria; ensuring the procurement activity provides the best outcome; and avoiding potential for misconduct, fraud and corruption. Procurement fraud can be one of the more complex frauds to investigate; there are numerous ways it can be committed and, when investigating it, all options need to be considered.

A simple definition of procurement fraud would be ‘fraud within the procurement lifecycle of a product or service, not forgetting long-term maintenance contracts. Many frauds committed fall within the banner of procurement fraud as most companies obtain products or services through some form of procurement exercise.

 


Training Objectives

What are the Goals?

There are many ways that procurement fraud can be committed but the main types are identified, and after attending this PetroKnowledge course the participants will:

  • Develop strategic purchasing plans to avoid collusion between suppliers
  • Discuss how purchase orders and variations orders are instrumental in Procurement fraud
  • Be taught how to develop spend profiles
  • Understand how bid rigging and bid splitting can lead to fraud
  • Explore many ways of reporting key performance indicators (KPI)
  • See how to apply past supplier performance for better selection
  • Be presented with the most important competencies for purchasing personnel

Target Audience

Who is this Workshop for?

The PetroKnowledge Procurement Fraud Workshop will help participants increase their knowledge base and skill sets through a variety of instructional methods including lecture by an experienced practitioner and consultant who has "been there-done that", cases, review of published articles, and group discussions covering current practices and their relationship to the implementation of new concepts in fraud Risk Management.

This workshop is suitable to a wide range of professionals but will greatly benefit:

  • Those involved in purchasing, albeit as supplier, buyer, materials planner, finance or even end-customer
  • Supervisors, Professionals and staff in the organization who are responsible for overseeing the purchasing function

Training Methods

How will this Training Course be Presented? 

Participants on this PetroKnowledge workshop will increase their knowledge base and skill sets through a variety of instructional methods including lecture by an experienced practitioner and consultant who has "been there-done that", cases, review of published articles, and group discussions covering current practices and their relationship to the implementation of new concepts in fraud Risk Management.

Daily Agenda

Rationale and Principles of Procurement Management

  • Definition and understanding Procurement and purchasing
  • Critical Supply Strategies – the unnecessary need for RFQs
  • Definition of Category Management to facilitate Procurement
  • Models used in Category Grouping Strategy
  • Developing Spend Profiles and the ABC Analysis
  • Skill sets For Purchasing of the future

Implementing Internal Controls to Reduce Fraud Risk

  • Principles and standards of purchasing practice
  • Developing, monitoring and evaluation systems – generating critical reports
  • Identification and the prevention of Procurement Fraud
  • Developing Company Purchase Price Index
  • Developing Key Performance Indicators (KPI) For Procurement
  • Ethics and codes for purchasing personnel

Improving the Image of Procurement

  • The Most Common Procurement Fraud Schemes and their Primary Red Flags
    • 6 common procurement fraud schemes
  • The seven global procurement fraud challenges
  • Procurement frauds and its effects
  • Basic Issues in Corruption and Fraud Prevention
  • 10 ways to control procurement fraud
  • Increasing the Level of Procurement Professionalism

Certificates

  • On successful completion of this training course, PetroKnowledge Certificate will be awarded to the delegates

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Home » Courses » Supply Chain Management » Procurement Fraud Workshop
PetroKnowledge Training


Procurement Fraud Workshop
The Identification, Monitoring, Detection and Resolution


Code Date Venue Fees
MM119 21 - 23 Feb 2021 Dubai - UAE $3,500



Why Choose this Workshop?

The broad objectives of scrupulousness in procurement relate to the integrity and honesty in procurement transactions. The accountability; sustenance of integrity; ensuring compliance with processes; maintaining supplier confidence in the organization’s processes; minimizing potential conflicts; all offers being evaluated against the same criteria; ensuring the procurement activity provides the best outcome; and avoiding potential for misconduct, fraud and corruption. Procurement fraud can be one of the more complex frauds to investigate; there are numerous ways it can be committed and, when investigating it, all options need to be considered.

A simple definition of procurement fraud would be ‘fraud within the procurement lifecycle of a product or service, not forgetting long-term maintenance contracts. Many frauds committed fall within the banner of procurement fraud as most companies obtain products or services through some form of procurement exercise.

 


Training Objectives

What are the Goals?

There are many ways that procurement fraud can be committed but the main types are identified, and after attending this PetroKnowledge course the participants will:

  • Develop strategic purchasing plans to avoid collusion between suppliers
  • Discuss how purchase orders and variations orders are instrumental in Procurement fraud
  • Be taught how to develop spend profiles
  • Understand how bid rigging and bid splitting can lead to fraud
  • Explore many ways of reporting key performance indicators (KPI)
  • See how to apply past supplier performance for better selection
  • Be presented with the most important competencies for purchasing personnel

Target Audience

Who is this Workshop for?

The PetroKnowledge Procurement Fraud Workshop will help participants increase their knowledge base and skill sets through a variety of instructional methods including lecture by an experienced practitioner and consultant who has "been there-done that", cases, review of published articles, and group discussions covering current practices and their relationship to the implementation of new concepts in fraud Risk Management.

This workshop is suitable to a wide range of professionals but will greatly benefit:

  • Those involved in purchasing, albeit as supplier, buyer, materials planner, finance or even end-customer
  • Supervisors, Professionals and staff in the organization who are responsible for overseeing the purchasing function

Training Methods

How will this Training Course be Presented? 

Participants on this PetroKnowledge workshop will increase their knowledge base and skill sets through a variety of instructional methods including lecture by an experienced practitioner and consultant who has "been there-done that", cases, review of published articles, and group discussions covering current practices and their relationship to the implementation of new concepts in fraud Risk Management.

Daily Agenda

Rationale and Principles of Procurement Management

  • Definition and understanding Procurement and purchasing
  • Critical Supply Strategies – the unnecessary need for RFQs
  • Definition of Category Management to facilitate Procurement
  • Models used in Category Grouping Strategy
  • Developing Spend Profiles and the ABC Analysis
  • Skill sets For Purchasing of the future

Implementing Internal Controls to Reduce Fraud Risk

  • Principles and standards of purchasing practice
  • Developing, monitoring and evaluation systems – generating critical reports
  • Identification and the prevention of Procurement Fraud
  • Developing Company Purchase Price Index
  • Developing Key Performance Indicators (KPI) For Procurement
  • Ethics and codes for purchasing personnel

Improving the Image of Procurement

  • The Most Common Procurement Fraud Schemes and their Primary Red Flags
    • 6 common procurement fraud schemes
  • The seven global procurement fraud challenges
  • Procurement frauds and its effects
  • Basic Issues in Corruption and Fraud Prevention
  • 10 ways to control procurement fraud
  • Increasing the Level of Procurement Professionalism

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© 2020. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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