Procurement Risk & Governance Masterclass

Introduction

Procurement functions operate under increasing regulatory scrutiny and audit oversight. Weak internal controls, poor documentation and unmanaged conflicts of interest can lead to financial loss and reputational damage. This executive-level masterclass provides a structured framework for procurement risk management, governance controls, fraud prevention and audit readiness aligned with international best practice.

This training course in Procurement Risk & Governance Masterclass explores risk identification, risk mitigation strategies, procurement governance frameworks, supplier risk management, audit readiness, and compliance mechanisms. Participants will examine global best practices in procurement governance, risk mapping methodologies, fraud prevention, ethical sourcing, and performance oversight. By the end of this training course, participants will be able to implement structured procurement risk management systems that enhance accountability, improve supplier reliability, and support sustainable procurement performance.

This GLOMACS Procurement Risk & Governance Masterclass will highlight:

• Procurement risk identification and risk mapping methodologies
• Governance frameworks and compliance structures in procurement
• Supplier risk assessment and third-party due diligence
• Fraud prevention and ethical procurement controls
• Strengthening audit readiness and procurement transparency

Objectives

At the end of this Procurement Risk & Governance Masterclass, you will learn to:

• Identify procurement risks across the procurement lifecycle
• Implement structured procurement governance frameworks
• Design effective internal controls and approval hierarchies
• Detect and prevent procurement fraud
• Prepare defensible evaluation and award documentation
• Improve audit readiness and regulatory alignment

Organisational Impact

This training course enables organisations to:

• Reduce financial and operational procurement risks
• Strengthen compliance with regulatory and corporate governance standards
• Improve transparency and accountability in procurement processes
• Enhance supplier reliability and third-party risk management
• Prevent fraud, conflicts of interest, and ethical breaches
• Increase audit preparedness and governance maturity

Personal Impact

By attending this Procurement Risk & Governance Masterclass, participants will learn:

• Reduced procurement compliance risk
• Stronger governance and control frameworks
• Improved audit readiness
• Lower fraud exposure
• Greater transparency in supplier selection
• Enhanced board-level confidence in procurement governance