Procurement Audit

Workshop Overview

In the past 30 years, supply chains have become global, very complex and brittle.

For both public and private sectors, procurement can make up as much as 80% of costs. A supply chain hiccup for a critical item can have devastating effects on businesses and service delivery by the public sector. However, supply chains are often badly managed. This workshop will help senior management improve the performance of their procurement and supply chain management and how the involvement of internal audit can help achieve this.

The workshop is interactive, with participant interaction. Learning will be reinforced with case studies based on real-life examples. The objective of the workshop is to provide knowledge of the methodology and tools to assess suppliers.

Major Benefits Of Attending:

  • IDENTIFICATION of the need to audit suppliers
  • UNDERSTANDING how to audit new and incumbent suppliers
  • IMPROVE the value delivered to the business from the supply base
  • UNDERSTANDING how to manage underperforming suppliers
  • IDENTIFICATION of potential suppliers
  • Ensure compliance of suppliers to local and global legislation
  • Understand risk in the supply chain

Who Should Attend?

Chief Executive Officers, Chief Operating Officers, Directors, General Managers, Vice Presidents, Heads, Senior Managers, Managers, Senior Executives and

Executives of:

  • Procurement
  • Supply Chain
  • Purchasing
  • Logistics
  • Supplier Enablement
  • Manufacturing
  • Commodities
  • Worldwide Engineering
  • Supply Assurance
  • Materials
  • Production/Strategic Sourcing
  • Operations
  • Inventory
  • Finance

Across all industries

Why you Should Attend?

Reduce the commercial and reputational risk to your business. Identify and select the most appropriate suppliers for your business. Identify and minimize risk in your supply chain. Learn to audit suppliers. Understand the benefits of regular supplier performance management. Identify and develop remediation plans. Develop strategies to reinforce positive supplier performance.

By the end of this course, you will understand:

  • The fundamentals of supply chain management
  • How to reduce risk and cost in the supply chain
  • Contracting risks and how to mitigate them
  • How to ensure contractors and sub-contractors deliver what is required in the contract
  • How to fight fraud
  • How to select, manage and condition suppliers
  • The respective roles of the Procurement organisation and Internal Audit
  • What first class procurement looks like
  • What are the most effective financial and procurement performance indicators
  • Which procurement procedures are the most effective at ensuring probity and taking out fraud
  • The role of Internal Audit.

And you will have a template for creating a plan to remedy any problems and create improvement.