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Mastering Source-to-Pay Procurement; A Step-by-Step Guide to Managing Risk and Ensuring Compliance

Mastering Source-to-Pay Procurement; A Step-by-Step Guide to Managing Risk and Ensuring Compliance

$199.00
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Course access is prepared after purchase and delivered via email
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Mastering Source-to-Pay Procurement: A Step-by-Step Guide to Managing Risk and Ensuring Compliance



Course Overview

This comprehensive course is designed to equip procurement professionals with the knowledge and skills necessary to master the source-to-pay procurement process, manage risk, and ensure compliance. Participants will receive a certificate upon completion, issued by The Art of Service.



Course Features

  • Interactive and engaging learning experience
  • Comprehensive and personalized curriculum
  • Up-to-date and practical content with real-world applications
  • High-quality content developed by expert instructors
  • Certificate issued by The Art of Service upon completion
  • Flexible learning options with user-friendly and mobile-accessible platform
  • Community-driven with actionable insights and hands-on projects
  • Bite-sized lessons with lifetime access and gamification features
  • Progress tracking to monitor your learning journey


Course Outline

Module 1: Introduction to Source-to-Pay Procurement

  • Defining source-to-pay procurement and its importance
  • Understanding the source-to-pay procurement process
  • Key stakeholders and their roles in the procurement process
  • Benefits and challenges of implementing a source-to-pay procurement system

Module 2: Procurement Planning and Strategy

  • Developing a procurement strategy and plan
  • Conducting a spend analysis and market research
  • Defining procurement objectives and key performance indicators (KPIs)
  • Establishing a procurement budget and resource allocation plan

Module 3: Sourcing and Supplier Management

  • Developing a sourcing strategy and plan
  • Identifying and evaluating potential suppliers
  • Conducting supplier due diligence and risk assessments
  • Negotiating contracts and managing supplier relationships

Module 4: Contract Management

  • Understanding contract law and regulations
  • Developing and negotiating contracts
  • Managing contract compliance and performance
  • Resolving contract disputes and terminations

Module 5: Procurement Operations and Logistics

  • Understanding procurement operations and logistics
  • Managing inventory and supply chain risks
  • Developing and implementing procurement policies and procedures
  • Ensuring compliance with regulatory requirements

Module 6: Payment and Invoice Management

  • Understanding payment and invoice management processes
  • Managing payment terms and cash flow
  • Ensuring compliance with accounting and tax regulations
  • Resolving payment disputes and errors

Module 7: Risk Management and Compliance

  • Identifying and assessing procurement risks
  • Developing and implementing risk mitigation strategies
  • Ensuring compliance with regulatory requirements
  • Managing procurement audits and investigations

Module 8: Technology and Automation in Procurement

  • Understanding procurement technology and automation trends
  • Implementing e-procurement and procurement automation solutions
  • Managing procurement data and analytics
  • Ensuring cybersecurity and data protection in procurement

Module 9: Performance Metrics and Benchmarking

  • Developing and tracking procurement performance metrics
  • Benchmarking procurement performance against industry standards
  • Conducting procurement audits and assessments
  • Identifying areas for procurement process improvements

Module 10: Procurement Leadership and Strategy

  • Developing procurement leadership and strategic thinking skills
  • Building and managing high-performing procurement teams
  • Communicating procurement value and ROI to stakeholders
  • Driving procurement innovation and transformation


Certificate and Continuing Education

Upon completion of the course, participants will receive a certificate issued by The Art of Service. The certificate is recognized industry-wide and demonstrates expertise in source-to-pay procurement. Participants will also have access to continuing education resources and updates to stay current with industry developments.

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