About the Course

Ethical procurement is gaining prominence, with growing attention on ethical practices. Treating all suppliers equitably and impartially throughout the procurement process is essential. Ethical risks in procurement encompass conflicts of interest, fraud, corruption, and obstacles to achieving positive social, environmental, and economic outcomes. Managing ethical risks within procurement and supply chains can be challenging due to their complexity, making oversight and control more demanding.

Procurement professionals bear the responsibility of eliminating fraud within their organisations. It is the organisation's responsibility to train procurement professionals to enable them to recognise and report fraudulent activities effectively. Implementing a comprehensive fraud policy is essential, covering all facets of fraudulent behaviour, and ensuring clarity for employees and third parties regarding the organisation's code of conduct.

This 5-day interactive Combating Risk & Fraud in Procurement training course is tailored to offer an in-depth understanding of ethical risks in procurement and practical strategies to mitigate risks and combat fraud. It aims to equip procurement professionals from both private and public sectors with the skills to identify and address procurement fraud and eradicate corruption. Delegates will have the opportunity to compare corruption policies implemented by various organisations and countries worldwide.

Core Objectives

The delegates will achieve the following objectives:

• Understand the impact of fraud and bribery in the procurement
• Analyse the key processes used for the selection of potential external suppliers to avoid procurement fraud
• Discuss strategies for creating a bribery-resistant organisation
• Compare the key legislative, regulatory, and organisational requirements that impact procurement
• Examine approaches to achieve ethical procurement

Training Approach

The training course encourages delegates to actively participate in classroom exercises, sharing their current knowledge and experience. Procurement practices, processes, procedures across different sectors, tools, and techniques are taught through PowerPoint slides, case studies, experiential exercises, and practical examples to enhance delegates' existing procurement knowledge. Furthermore, delegates will learn through active engagement during the training program, participating in various activities such as video discussions, sharing personal experiences, group discussions, role-plays, icebreaker games, and sharing inspirational stories and best practices.

The Attendees

This training course will benefit professionals working on projects dealing with contracts and procuring equipment, products, and services. Delegates must have prior qualifications/knowledge/experience working within the procurement/buying/contract department.

Likewise, it will be valuable to the professionals but not limited to the following:

• Procurement Managers
• Procurement Directors
• Buyers and Assistant buyers
• Operational Managers who are involved in the Planning and Execution of purchases and Contracts
• Contract managers
• Project Managers in the Public and Private Sector Contracts
• Engineering and Maintenance Professionals who are involved in the Planning and Execution of Purchases and Contracts

Daily Discussion

DAY ONE: IMPACT OF ETHICS IN PROCUREMENT

• Corporate Social Responsibility
• Components of Ethical Procurement
• Implications of Ethics in the Procurement Function
• Bribery and Corruption
• Fraud Detection and Human Rights Violation
• Breaches of Codes of Practice
• Undetected Fraud and Bribery Damage to the Organisations

DAY TWO: KEY PROCESSES IN SELECTION OF SUPPLIERS

• Processes for Obtaining Quotations and Tenders
• Assessment Criteria for Quotations and Tenders
• Fraud Detection Support to All Employees
• Detection of Fraud at All Stages of the Sources
• Due Diligence Checklist to Avoid Procurement Fraud
• Use of Electronic Systems to Detect Fraud 

DAY THREE: CREATING A FRAUD/BRIBERY RESISTANT ORGANISATIONS

• Development of Anti-bribery and anti-fraud Policy
• Vendor Assessment and Supplier Evaluation Programmes
• Minimise Bottom Line Financial Loss to Organisations Arising from Fraud
• Performance of Regular Audits
• Secure Commitment from All Levels of the Organisation
• Maintain Regular Communication

DAY FOUR: LEGISLATIVE, REGULATORY, AND ORGANISATIONAL REQUIREMENTS

• Competitive Tendering Across All Sectors
• The Regulations of International Trade
• Payment Mechanisms
• Currency Regulations
• The Policies of the United Nations against Combatting Fraud and Bribery
• The UK Bribery Act 2010

DAY FIVE: ACHIEVEMENT OF ETHICAL PROCUREMENT

• Managing Conflicting Priorities
• Reducing Operational, Financial, and Reputational Risks
• Increasing Organisation Awareness of Fraud and Bribery
• Development of Internal Audit
• Development of Performance Audits for Both External and Internal Stakeholders
• Identify Practices that Support Ethical Procurement