Procurement Best Practices: Professional Certificate in Procurement Compliance

Introduction

This GLOMACS training course highlights the need for procurement excellence within organisations to drive value, compliance and risk mitigation. The Procurement function has developed from a support function to a fully-fledged strategic business unit which has transformed to be a central pillar of an organization’s corporate strategy. It is therefore imperative for Procurement to constantly deliver value to the organisation by delivering products and services that contributes to the organisation’s success.

Threats and risks to the procurement function arise from both within the organization and its partners and externally from organized crime networks and hostile states. To ensure successful procurement outcomes that underpin organizational success, procurement best practices aligned with robust compliance is an essential part of risk management in these volatile, uncertain, complex and ambiguous times.

This training course will highlight:

• Implementation at the following levels – Strategic, Tactical, Operational and Contingency
• Ability to implement procurement excellence methodologies
• Recognize organizational risks
• Mitigate procurement risks to achieve successful organizational outcomes
• Manage procurement compliance

Objectives

At the end of this training course, you will learn to: 

• Understand the evolution and latest trends in Procurement
• Discuss the inputs, outputs and risks associated with procurement
• Develop performance measurements and effective procurement compliance processes
• Learn the requirements on all four levels and the ref 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

What does the organisation gain in sending their employees to attend this particular training course?  What is the knowledge and set of skills that the participants gain and henceforth apply in their workplace that will impact their respective companies? 

The Organisation will have the following benefits;

• The ability to deliver value and monitor procurement
• Reduce the number of non-value adding activities
• Improved stakeholder management
• Identify and mitigate internal / external risks
• Reduction in total cost of ownership
• Improved supplier performance

Personal Impact

What's in it for the participants?  What will they gain, enhance, hone and learn to apply to help them in their workplace and how it will help in their roles and career growth? 

At the end of this training course, the participants will gain the following;

• 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 organisation's strategic objectives
• Increased knowledge about Key Performance Indicators
• Increased knowledge of risk management
• Increased recognition by the organization due to improved performance