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Course Schedule
Classroom Sessions:
Date Venue Fees
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
Online Sessions:

25 - 29 Nov 2024 Online $3,950
24 - 28 Mar 2025 Online $3,950
Course Description

INTRODUCTION

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 GLOMACS 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.

Objectives

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

Training Methodology

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 GLOMACS 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

WHO SHOULD ATTEND?

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
Course Outline

DAY 1

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 2

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 3

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 4

Procurement Compliance Process

  • Aims of Procurement Compliance
  • Policies compared to procedures
  • Roles and responsibilities
  • Monitoring
  • Enforcement
  • Continuous improvement

DAY 5

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
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

Visit website

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

Visit website

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