Course Overview
This comprehensive three-day workshop is designed to equip participants with a deep understanding of the Procure-to-Pay (P2P) process, from requisition to payment. We will delve into strategic procurement, supplier management, contract management, and the intricacies of the P2P cycle. Participants will gain practical knowledge and skills to optimize P2P operations, reduce costs, mitigate risks, and enhance overall organizational performance. Through interactive case studies, group discussions, and real-world examples, attendees will learn how to implement best practices and drive continuous improvement.
Features
- Enhanced Efficiency: Streamlines the end-to-end procurement process, reducing manual effort and errors.
- Cost Reduction: Optimizes spending, improves supplier negotiations, and helps in identifying cost-saving opportunities.
- Compliance & Risk Management: Ensures adherence to procurement policies, minimizes fraud risk, and improves audit readiness.
- Improved Supplier Relationships: Facilitates timely payments and better contract management, enhancing supplier collaboration.
- Data-Driven Decision-Making: Provides insights through analytics and reporting, enabling better spend management and forecasting.
Target audiences
- Procurement Managers & Specialists
- Finance & Accounts Payable Teams
- Compliance & Internal Audit Teams
Instructor
