Establish traceability from supplier through storage to point of use for procurement accounting and financial control.
Accounting in Procurement and Stores and Financial Control
Develop the judgement and the documentation needed to run procurement accounting and financial control properly.
📍 Tunis🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Warehouse performance on procurement accounting and financial control is decided by layout and discipline long before technology. Inventory tied up in financial control is capital the organisation cannot use elsewhere. Field experience suggests that the barrier to better this part of procurement and supply operations is rarely technical. The outcome is a practitioner who can hold a position on procurement accounting and financial control and revise it on evidence. What blocks progress on the practice within procurement and supply operations is usually unclear ownership rather than unclear intent. It is written for people who have to make financial control work with the resources they already have. The teaching approach is deliberately practical: participants build a sourcing procedure for procurement accounting and financial control as they go. The course sets out a working method for financial control that participants can apply the week they return. The programme closes with an action plan for this strand of procurement and supply operations that each participant writes for their own organisation.
Expected Learning Outcomes
Present the case for investment in financial control in terms that a finance function will accept.
Build the approval and segregation controls preventing procurement fraud in procurement accounting and financial control.
Reduce avoidable variation in how financial control is carried out across teams.
Design receiving, storage and picking flows supporting procurement accounting and financial control.
Compare the organisation's handling of financial control with recognised practice, and close the material gaps.
Write a specification for procurement accounting and financial control that suppliers can price without guessing.
Who Should Attend
Finance staff reviewing spend and working capital in procurement accounting and financial control.
Supplier relationship managers developing partners in financial control.
Operations staff who encounter the consequences of procurement accounting and financial control directly.
Supply chain planners forecasting demand for financial control.
Experienced practitioners formalising an approach to procurement accounting and financial control that has grown up informally.
Logistics and distribution staff moving material in financial control.
Course Modules
Procurement accounting and financial control: warehouse layout, flow and handling
2 sessions · 8 pointsSession 1Reviewing procurement accounting and financial control when nothing has gone wrong
- Draft the minimum viable sourcing procedure for procurement accounting and financial control.
- Establish the boundary of financial control and record what sits outside it.
- Establish who is informed, consulted and accountable in procurement accounting and financial control.
- Decide what will be stopped to create capacity for financial control.
Session 2Making supplier performance on financial control mean something
- Reduce the variation in how procurement accounting and financial control is carried out between teams.
- Define acceptance criteria for financial control in advance.
- Verify segregation between requisition, approval and receipt in procurement accounting and financial control.
- Define measurable service levels in the contract covering financial control.
Financial control: inventory policy and working capital
2 sessions · 8 pointsSession 1What has to be agreed before work on financial control starts
- Agree the escalation route when supply of procurement accounting and financial control is disrupted.
- Check that records of financial control answer the questions likely to be asked.
- Confirm traceability from supplier to point of use for procurement accounting and financial control.
- Review the audit trail for the last three award decisions on financial control.
Session 2Proving the savings claimed on financial control were real
- Verify six months later that changes to procurement accounting and financial control have held.
- Set the review interval for financial control and who attends.
- Review whether inventory policy on procurement accounting and financial control still matches actual demand.
- Rehearse the briefing on financial control that would follow an incident.
Financial control: supplier evaluation, award and contract terms
2 sessions · 8 pointsSession 1The single point of failure inside financial control
- Set the stock count cycle for procurement accounting and financial control and act on discrepancies.
- Identify single-source dependencies in financial control and cost the alternatives.
- Negotiate payment terms on procurement accounting and financial control without pushing suppliers into distress.
- Assess supplier financial health for critical elements of financial control.
Session 2Getting other functions to support procurement accounting and financial control
- Set out how exceptions to procurement accounting and financial control are requested and approved.
- Segment spend on financial control by value and supply risk before choosing an approach.
- Validate claimed savings on procurement accounting and financial control against actual invoiced spend.
- Identify slow-moving and obsolete stock inside financial control and decide its fate.
Financial control: sourcing strategy and market approach
2 sessions · 8 pointsSession 1Writing a specification for financial control suppliers can price accurately
- Record what was learned when procurement accounting and financial control did not go as planned.
- Collect evidence on the present handling of financial control before proposing changes.
- Estimate the resource procurement accounting and financial control requires to run as designed.
- Check the delivery terms and customs classification applied to financial control.
Session 2Laying out the warehouse around how financial control actually moves
- Map the physical flow of procurement accounting and financial control through receiving, storage and dispatch.
- Evaluate financial control on total cost of ownership across the full life.
- Rank the weaknesses in procurement accounting and financial control by consequence rather than by ease of fixing.
- Benchmark the organisation's financial control against comparable operations.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
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