Robust Control for an Effective Procurement Process

Designing and implementing effective controls to manage your company’s procurement process is very important. Having strong controls in place can help to prevent:

  • Unnecessary wastage of a company’s limited resources
  • Employee manipulation and abuse
  • Fraud committed by staff or vendors

It is therefore extremely crucial that your company support staff in acquiring relevant knowledge and techniques to design and put in place robust internal controls in your procurement process to reduce unnecessary losses caused by inappropriate purchasing decisions and procedures.

Register for this 1-day training and coaching to increase your competency in protecting your procurement process.

Robust Control for an Effective Procurement Process

Key Facts

  • Start Date: 3 August 2023
  • Duration: 1 day, 10am-5pm
  • Delivery Mode:
    • On campus (Face-to-face training)
  • Fees: 

    S$680.00 (Incl. 9% GST)

  • Procurement professionals
  • Finance professionals, especially accounts payables
  • Internal auditors
  • Risk managers
  • Internal controls and compliance professionals

  • Mini lectures
  • Group discussion, sharing and presentation
  • Case studies discussion and application
  • Questions and answers session

  • Gain an understanding of the procurement function and its various sub-processes
  • Explore common types of wastage, abuse and fraud that can happen due to purchasing of goods and services
  • Learn about characteristics of effective internal controls to prevent wastage, abuse, and fraud through procurement
  • Design internal controls to detect possible wastage, abuse, and fraud due to procurement

Upon successful completion of the Programme, participants will be awarded a verified digital certificate by London School of Business and Finance, Executive Education.

Course Outline

◆ Understanding the sub-processes of the procurement function
◆ Why is the procurement function vulnerable to wastage, abuse, and fraud?
◆ Where and when can wastage, abuse and fraud happen?

◆ Policies and procedures
◆ Conflict of interest declaration
◆ Approval of purchase requisitions
◆ Quotation sourcing
◆ Evaluation and justification of quotations and tenders received.
◆ Approval of purchase orders
◆ Acknowledgement of goods and services received.
◆ Approval of payments made for purchases made

◆ Procurement fraud deterrents
◆ Data analytics and visualisation
◆ Other mechanisms to monitor and detect different types of procurement fraud

Case studies discussion


Questions & Answers session addressing participants’ practical challenges


Request More Information

Contact a programme advisor by calling
+65 6580 7700

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