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Why Choose this Training Course?
The Procurement function has transformed from a support function to be a central pillar of an organizations corporate strategy.
Threats to the procurement function arise from both within the organization and its partners and externally from organized crime networks and hostile states.
Compliance is an essential part of risk management in these volatile, uncertain, complex and ambiguous times.
This PetroKnowledge Professional Certificate in Procurement Compliance training course will address the necessary conditions at all four levels for those delegates who want to implement high-performing Procurement functions.
What are the Goals?
Participants attending this Procurement training course will:
Understand the latest trends in Procurement
Discuss risks associated with procurement
Develop an effective Procurement Compliance process
Learn the red flags that indicate problems
Who is this Training Course for?
This Professional Certificate in Procurement Compliance training course is suitable to wide range of professionals but will greatly benefit:
Contracts, Purchasing, and Procurement Personnel
Project, Engineering, Operational, and Maintenance, Personnel who are involved in the planning, and execution of purchases and contracts
All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities
How will this Training Course be Presented?
Participants will increase competencies through a variety of instructional methods including lecture by an experienced practitioner and consultant, exercises, review published articles, and group discussions covering current practices and their relationship to the implementation of new concepts.
The organization will benefit by:
The ability to monitor procurement
Assist in the identification of non-value adding activities
Improved abilities to risk manage internal and external threats to procurement
Reduction in total cost of ownership
Improved supplier performance
Attendees will gain by participating in this PetroKnowledge training course as a result of:
Increased skill sets in all phases of strategic procurement
Greater ability to lead, plan, and manage the procurement process
A greater sense of professionalism and being able to contribute to the organization's strategic objectives
Increased Knowledge about Key Performance Indicators
Increased recognition by the organization due to improved performance
Day One: Seeing Procurement as a Dynamic, Interactive System
The System Approach vs. the Traditional Functional Approach
What is the goal of Procurement?
Developing the Strategic Procurement Plan
An Overview of the Procurement Process
Procurement as Part of the Supply Chain
Day Two: Identifying Procurement Instabilities and Risks
Internal supply chain risks
PESTLE and external risks
Risk management principles
Evaluation and prioritization of risks
Contingency and risk management planning
How The Supply Chain Crisis changed our practices regarding Risk
Day Three: Understanding the Context and Motivations behind Procurement Fraud and Bribery
Defining procurement fraud and bribery
Understanding the motivations of individuals and organizations that engage in fraud and bribery
Assess the costs to the organization and the individual of undetected fraud and bribery
Recognizing the role of everyone in the organization with regard to fraud and bribery
Public and Private sector responsibilities
Day Four: Procurement Compliance Process
Aims of Procurement Compliance
Policies compared to procedures
Roles and responsibilities
Day Five: Develop Action Planning
Understand the importance of a Compliance checklist
Learn about Reporting mechanisms
Use RAG status to convey trends
Be aware of Red Flags that indicate potential fraud
On successful completion of this training course, a PetroKnowledge Certificate will be
awarded to the delegates
In Association With
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients