PROCUREMENT – RISK AND FRAUD MANAGEMENT
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OTC Training Centre Sdn Bhd
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INTRODUCTION FOR PROCUREMENT – RISK AND FRAUD MANAGEMENT
Procurement function is one of the main strategic, if not the most important function in a business organization. Company profitability and ability to drive up market share usually relying on an effective and efficient procurement
management system
This 2 days training program is designed to bring awareness, knowledge, skill, and technique to managing effective procurement to mitigate risk and fraud during procurement process.
In this program, driven by a trainer with over 30 years experiences in supply chain and procurement management, participants will learn the key principal of strategic procurement management and how to implement action plan to
correct any weaknesses in their current operation.
COURSE OBJECTIVE
By the end of the 2-days interactive session, the learning curve achieve will enable the following:-
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UNDERSTAND the strategic role of procurement in business operation.
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IDENTIFY The type of Risk mitigation to be in place.
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DEVELOP action plan to implement risk and fraud prevention.
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CARRY OUT risk assessment and take action to overcome to ensure supplies are not disrupted.
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MANAGING the sourcing process effectively with proper procedure and goal and objectives defined.
Outline
COURSE CONTENT
Day 1 (9.00am – 5.00pm)
Module 1 – The Role of Procurement
- Definition of Purchasing versus Procurement
- Role of Purchasing
- Role of Procurement
- Job Function of Purchasing and Procurement
- Cycle of Procurement
Module 2 – Business Challenges
- Key Operational and Business Challenges
- Key KPI for Procurement to meet business challenges
- Challenges to Procurement to meet business goals
Module 3 – Strategic and Tactical Sourcing and Risk Mitigation
- Definition of Strategic and Tactical
- Key Objectives of Procurement and Purchasing
- Strategic Role in Procurement
- Cause and Effect Technique (5 Why and 1 How) for problem evaluation
- Strategic & Tactical Sourcing Objective and Procedure
- Type of Risk in Sourcing
- Mitigation to prevent failings in sourcing
- Key positive and negative sign to look out for in sourcing
- Risk Management case study on sourcing risk
- Case study on root cause analysis
Day 2 (9am – 5pm)
Module 5 – Motivation Factors why Fraud Occurs
- 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
Module 6 – Effective Anti-Fraud Controls
- Developing effective and proportionate procedures
- Training personnel and suppliers who may encounter procurement fraud
- Communicating policy to all levels in the organization
- Securing the supply chain at all stages including initiation, storage, transportation, loading and unloading, handovers with other organizations and shipping and clearance documentation
- Monitoring the stages in procurement from pre-qualification to use
- Achieving due diligence
- Planning the bribery-proof organization
- Developing anti-bribery policy and
- Gaining commitment from all levels of the organization
- Communicating the policies
- Enforcing compliance of organizational anti-bribery rules and procedures
- Achieving due diligence with controlled organizations and business associates
- Monitoring and reviewing the anti-bribery management system.
- Audit and top management review – continuously improving the system
Module 7 – Building Effective Barriers to Procurement Fraud
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Training staff to identify and signal and suspicion of procurement fraud
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Monitoring of documentation and internal audit as a control and a signal of the organization’s attitude to fraud
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Assessing staff and their vulnerability to fraud
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Creating effective procedures and monitoring these procedures
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Creating internal barriers to collusion and cooperation that may facilitate corrupt practices
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Auditing suppliers and associated organizations for procurement fraud
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Analyzing data and activities in order to flag suspicions of fraud
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Conducting Risk Assessment on personnel and suppliers
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Risk Management case studies on Fraud Prevention
Special Offer
Register 3 Participants From Your Organization And Get The 4th Participant For Free!
The promotion expiry date for each programmes differs. For more information on the exact expiry date of the promotion, feel free to contact us.
OTC Training Centre Sdn Bhd may at any time in its sole and absolute discretion withdraw, amend and/or alter the terms and conditions of the stated promotions without prior notice.
The promotion expiry date for each programmes differs. For more information on the exact expiry date of the promotion, feel free to contact us.
OTC Training Centre Sdn Bhd may at any time in its sole and absolute discretion withdraw, amend and/or alter the terms and conditions of the stated promotions without prior notice.
Schedules
Jun 24, 2024 - Jun 25, 2024
| Mon, Tue | 09:00 AM — 05:00 PM |
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OTC Training Centre Sdn Bhd is an innovation leader in the development and delivery of practical outsourcing training programs for the past 17 years. Since then, OTC has supported thousands of companies to upskills their employees with personalized content and learning solutions. Today, we have evolved to provide a full suite of outsourcing services in the learning and development field.
Our training programs are entitled to HRDCorp claim, with our trainers being certified by HRDCorp as well. As a training provider, we aspire to keep providing the best training to our respected clients to ensure their satisfaction while using our service as the training provider.
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