Category: Auditing the Procurement Process

Auditing the Procurement Process

Auditing the Procurement Process

City Start Dates Duration Cost Make a booking
London, United Kingdom 03 February 2020 1 week £2,850 Click here
London, United Kingdom 03 February 2020 2 weeks £4,850 Click here
London, United Kingdom 13 July 2020 1 week £2,850 Click here
London, United Kingdom 13 July 2020 2 weeks £4,850 Click here

When establishing a management system, organizations have to put in place processes to control the purchasing of products (or services) and their verification. However, the way organizations consider such requirements are fulfilled may not necessarily be the most appropriate one. Similarly, auditors may consider it sufficient to confirm compliance by just checking that an approved supplier list is up-to-date, that orders have been placed only with approved suppliers and activities necessary for ensuring conformity with the specified purchase requirements have been carried out.

Course objective

At the end of the course delegates will be able to:

  • Procurement should start during the design and development of a product when a specification is prepared
  • Inter-departmental discussions should take place to ensure that potential suppliers can provide a product that meets the design specification at the required cost;
  • The organization should ensure that the specified purchase requirements are correct prior to their communication to the supplier;
  • Statutory & regulatory requirements should have been included in the purchase requirements, as applicable;
  • The degree of risk associated with a component or product and the controls required to ensure that it meets the design specification should have been assessed

Course Outline

  • Procurement Audit Procedure
  • Criteria for the Selection of Suppliers
  • Limitations of traditional approach
  • Reliance on tendering
  • Vulnerability to contract fraud
  • Initial selection and supplier partnerships
  • Annual review tools e.g. rolling audits, supplier ‘MOTs’
  • Benchmarking
  • Improvement plans

Our mission is the development of potentials in individuals and organizations in emerging economies. We believe that economies develop when entities within it are performing to their highest potential.

RELATIONSHIP

People matter to us. We are committed to understanding our clients so that we can serve them better. Our ultimate goal is to foster mutually beneficial longterm relationships with each of our clients that is built on trust.

KNOWLEDGE DISSEMINATION

Our faculty members are experts within their fields, and are supported by a network of dynamic back-office staff. We actively encourage collaboration and knowledge sharing, recognizing that winning ideas come from collaborative thinking. With the wealth of knowledge within our teams and our collaborative ethos, we create an atmosphere that is conducive to learning for all our delegates.

Call Me Back

Auditing the Procurement Process

Auditing the Procurement Process

City Start Dates Duration Cost Make a booking
Lagos, Nigeria 04 September 2019 3 days ₦126,000 Click here
Lagos, Nigeria 16 September 2019 3 days ₦189,000 Click here
Lagos, Nigeria 03 June 2020 3 days ₦189,000 Click here
Lagos, Nigeria 03 June 2020 3 days ₦189,000 Click here
Lagos, Nigeria 08 June 2020 3 days ₦189,000 Click here

When establishing a management system, organizations have to put in place processes to control the purchasing of products (or services) and their verification. However, the way organizations consider such requirements are fulfilled may not necessarily be the most appropriate one. Similarly, auditors may consider it sufficient to confirm compliance by just checking that an approved supplier list is up-to-date, that orders have been placed only with approved suppliers and activities necessary for ensuring conformity with the specified purchase requirements have been carried out.

Course objective

At the end of the course delegates will be able to:

  • Procurement should start during the design and development of a product when a specification is prepared
  • Inter-departmental discussions should take place to ensure that potential suppliers can provide a product that meets the design specification at the required cost;
  • The organization should ensure that the specified purchase requirements are correct prior to their communication to the supplier;
  • Statutory & regulatory requirements should have been included in the purchase requirements, as applicable;
  • The degree of risk associated with a component or product and the controls required to ensure that it meets the design specification should have been assessed

Course Outline

  • Procurement Audit Procedure
  • Criteria for the Selection of Suppliers
  • Limitations of traditional approach
  • Reliance on tendering
  • Vulnerability to contract fraud
  • Initial selection and supplier partnerships
  • Annual review tools e.g. rolling audits, supplier ‘MOTs’
  • Benchmarking
  • Improvement plans

Our mission is the development of potentials in individuals and organizations in emerging economies. We believe that economies develop when entities within it are performing to their highest potential.

RELATIONSHIP

People matter to us. We are committed to understanding our clients so that we can serve them better. Our ultimate goal is to foster mutually beneficial longterm relationships with each of our clients that is built on trust.

KNOWLEDGE DISSEMINATION

Our faculty members are experts within their fields, and are supported by a network of dynamic back-office staff. We actively encourage collaboration and knowledge sharing, recognizing that winning ideas come from collaborative thinking. With the wealth of knowledge within our teams and our collaborative ethos, we create an atmosphere that is conducive to learning for all our delegates.

Call Me Back

Auditing the Procurement Process

Auditing the Procurement Process

City Start Dates Duration Cost Make a booking
Atlanta, United States 07 October 2019 1 week £2,600 Click here
Atlanta, United States 07 October 2019 2 weeks £3,850 Click here

When establishing a management system, organizations have to put in place processes to control the purchasing of products (or services) and their verification. However, the way organizations consider such requirements are fulfilled may not necessarily be the most appropriate one. Similarly, auditors may consider it sufficient to confirm compliance by just checking that an approved supplier list is up-to-date, that orders have been placed only with approved suppliers and activities necessary for ensuring conformity with the specified purchase requirements have been carried out.

Course objective

At the end of the course delegates will be able to:

  • Procurement should start during the design and development of a product when a specification is prepared
  • Inter-departmental discussions should take place to ensure that potential suppliers can provide a product that meets the design specification at the required cost;
  • The organization should ensure that the specified purchase requirements are correct prior to their communication to the supplier;
  • Statutory & regulatory requirements should have been included in the purchase requirements, as applicable;
  • The degree of risk associated with a component or product and the controls required to ensure that it meets the design specification should have been assessed

Course Outline

  • Procurement Audit Procedure
  • Criteria for the Selection of Suppliers
  • Limitations of traditional approach
  • Reliance on tendering
  • Vulnerability to contract fraud
  • Initial selection and supplier partnerships
  • Annual review tools e.g. rolling audits, supplier ‘MOTs’
  • Benchmarking
  • Improvement plans

Our mission is the development of potentials in individuals and organizations in emerging economies. We believe that economies develop when entities within it are performing to their highest potential.

RELATIONSHIP

People matter to us. We are committed to understanding our clients so that we can serve them better. Our ultimate goal is to foster mutually beneficial longterm relationships with each of our clients that is built on trust.

KNOWLEDGE DISSEMINATION

Our faculty members are experts within their fields, and are supported by a network of dynamic back-office staff. We actively encourage collaboration and knowledge sharing, recognizing that winning ideas come from collaborative thinking. With the wealth of knowledge within our teams and our collaborative ethos, we create an atmosphere that is conducive to learning for all our delegates.

Call Me Back