An Intensive 5-Day Training Course
Professional Certificate
in Procurement Compliance
Scheduled Dates
| 29 Jul - 02 Aug 2024 | London - UK | $5,950 |
| 30 Sep - 04 Oct 2024 | Barcelona - Spain | $5,950 |
| 25 - 29 Nov 2024 | Rome - Italy | $5,950 |
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.
Organisational Impact
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
Personal Impact
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
Daily Agenda
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
- Monitoring
- Enforcement
- Continuous improvement
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
Certificate
- On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates
In Association With
GLOMACS Training
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients
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Oxford Management Centre
Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.
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