COURSE OBJECTIVES: An efficient purchasing and procurement process is crucial to success in today's competitive market place. In order to achieve this, many organisations are developing partnering arrangements with suppliers in order to improve overall performance in terms of price, quality and service. The course highlights best practices and looks closely at the possible pitfalls in both the traditional and the modern approach to procurement. By using practical examples, the course demonstrates how the internal auditor can add real value to the process.
COURSE CONTENT
What is the Procurement Process?
- Basic concepts
- The ''end to end'' process
- Data gathering
The Modern Approach
- Limitations of traditional approach
- Reliance on tendering
- Vulnerability to contract fraud
- Initial selection and supplier partnerships
- Annual review tools eg rolling audits, supplier ''MOTs''
- Benchmarking
- Improvement plans
Audit Procedures
- Objectives
- Planning
- Delivery
Practical Ways Internal Audit Can Add Value
- Skill deficiencies within the procurement team
- Supplier costing models
- ''Open book'' auditing
- Independent contract assessments
"Very clear. Plenty of examples. Plenty of time for questions."
This course is designed to be run either as an in-house course or as a training pool title only. For more information on how the training pool works please click on the Quorum Training Pool item in the menu on the left of this page.
To enquire about this course please complete the enquiry form or call our in-house course bookings team on 0207 566 8207.