Code Date City Venue Fees
MM049 26 - 27 Feb 2019 Dubai - UAE Fairmont Hotel $2,400 Register
MM049 07 - 08 Jul 2019 Dubai - UAE TBA $2,400 Register
TBA* = To be Announced   |  All fees are exclusive of VAT
Home » Seminars » Purchasing, Logistics & Supply Chain Management » Procurement Fraud Workshop

Introduction

Procurement fraud can be one of the more complex frauds to investigate; there are numerous ways it can be committed and, when investigating it, all options need to be considered. A simple definition of procurement fraud would be ‘fraud within the procurement lifecycle of a product or service, not forgetting long-term maintenance contracts’.

This 2-day GLOMACS Procurement Fraud Workshop identifies frauds that are committed fall within the banner of procurement fraud as most companies obtain products or services through some form of procurement exercise. No one company can operate in isolation. Often when concerns are raised, products and services have already been procured and the contracts have been in place for some time.

This GLOMACS workshop will feature:

  • Developing KPIs for Procurement
  • Ethics and codes for purchasing personnel
  • Identifying Supplier Fraud
  • Common procurement fraud schemes
  • Ways to control procurement fraud

Objectives

By the end of this GLOMACS workshop, the participants will be able:

  • Learn how unjustified single source award encourages fraud
  • Develop strategic purchasing plans to avoid collusion between suppliers
  • Discuss how purchase orders and variations orders are instrumental in Procurement fraud
  • Determine how to eliminate low value-added processes
  • Be taught how to develop spend profiles
  • Explore many ways of reporting Key Performance Indicators (KPI)

Who Should Attend?

This GLOMACS Procurement Fraud Workshop is conducted by subject matter expert, practitoner and consultant with many years of experience in the field of Procurement. The GLOMACS workshop will be divided into plenary sessions to apply the techniques discussed at the workshop sessions. Case studies, industry reference would be discussed.

This GLOMACS workshop is suitable to a wide range of professionals but will greatly benefit:

  • Those involved in purchasing, albeit as supplier, buyer, materials planner, finance or even end-customer
  • Supervisors, Professionals and staff in the organization who are responsible for overseeing the purchasing function

Seminar Outline

Strategic Cost Reduction Initiatives

  • Understanding the Total Cost of Ownership
  • The elements of Supplier Cost
  • How to spot Procurement Fraud?
  • The Most Common Procurement Fraud Schemes and their Primary Red Flags
  • Six Common Procurement Fraud Schemes
  • Case Study on TCO

Improving the Image of Procurement

  • The Seven Global Procurement Fraud Challenges
  • Procurement Frauds and its Effects
  • Basic Issues in Corruption and Fraud Prevention
  • 10 Ways to Control Procurement Fraud
  • Increasing the Level of Procurement Professionalism

Accreditation

  • Quality Logo

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Home » Seminars » Purchasing, Logistics & Supply Chain Management » Procurement Fraud Workshop

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

© 2018. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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