Procurement Masterclass: A Complete Guide to Purchase To Pay
What you'll learn
- The purchase to pay process and why it is so important to manage spend in an organisation
- How supplier payments are handled and how they should be linked to upfront approvals
- The importance and approach to procurement training, to ensure users are well equipped
- Catalogues, shopping carts, electronic purchase orders and other concepts
- Different types of spend compliance and why its important to use these to improve procurement
- Different ways of matching documents to control the purchase to pay process
- What a limit order is and how it is used for commodities which cannot be catalogued
- The importance of the purchase order number and why the supplier must quote it on their invoices
- Centralised buying can be more efficient, especially when employees are too busy to use purchasing systems
- How a central payments department receives invoices and makes payments using automated invoice scanning
- Why its important to link procurement system access to user training certification
- There are no course requirements of prerequisites
Get instant access to a stunning 41 page procurement guide plus worksheets, follow along, and keep for reference
Introduce yourself to our community of students in this course and tell us your goals
Encouragement and celebration of your progress every step of the way: 25% > 50% > 75% & 100%
Over 1 hour of clear and concise step-by-step instructions, lessons, and engagement
What others are saying:
"He summarized the whole process from start to finish. Even if you've never purchased before you will be confident you're using industry best practices." - Elizabeth C.
"Peter Alkema is the best. This course hit home at all levels of my understanding. I related to everything that Peter spoke about in this course as we have implemented Oracle in 2014 and we are currently on the 1 platform cloud journey. I head up the Buyers team in Procurement and this all made absolute sense to me. Lovely course- I highly recommend it!!" - Amina B.
"The creator of the course explained overall concept of procurement in well manner and the content will leads ourself to get learn more about procurement and chain supply management." - Yash G.
"I couldn't even imagine that someone could explain the P2P process with that much deeper knowledge." - Omkar S.
"The high-level Procure to Pay process is well explained. Also, a good summary is provided on each activity." - Maulik B.
Learn how companies manage the crucial purchase-to-pay process in their operations and why it is so important for global supply chains. Take your procurement knowledge to the next level by understanding all the key concepts of operational procurement and how they can be improved to manage spending and compliance. An introductory whiteboard lesson explains all the key concepts you need to know about purchase-to-pay in one place. There is a handy workbook that you can use to capture all the learnings and apply what you have learned so that you can take your performance to the next level. There's also an overview lesson that I teach from a whiteboard so you have all the key concepts explained in one place before you go into the detailed lessons.
What you will learn:
How purchasing spend is either channel or supplier compliant
Catalogs, how they are managed, and why they are an important part of e-procurement
Supplier portals, electronic purchase orders, and invoice verification
What UNSPSC means and why it is a common system of product classification
How mature purchasing activity usually shows an increase in the number of purchase orders
What a limit order is and how it is used for commodities that cannot be cataloged
Training procurement users using either project-based or business-as-usual methods
Why it is important to link procurement system access to user training certification
The importance of the purchase order number and why the supplier must quote it on their invoices
Purchase order header and line item information
Three-way matching and two-way matching and how to document cross-checking controls purchasing
Centralized buying can be more efficient, especially when employees are too busy to use purchasing systems
Good practice requires the efficient tracking and management of goods distribution from supplier to customer
How a central payments department receives invoices and makes payments using automated invoice scanning
This is one of the most comprehensive overviews of the full purchase-to-pay value chain. Take advantage of having all these concepts clearly explained for you to gain the insights you need to gain procurement mastery.
Contents and Overview
You'll start with Learn About The Types Of Spend Compliance: Supplier, Channel, Non-Compliant; Grasp Key Concepts Similar To E-Commerce Like Catalogues And Shopping Carts; Understand Efficient Purchasing And How Good Practices Reduce Overall Costs;
We will also cover Learn All About How Requisitions & Approvals Work In Purchase To Pay; Improve Your Procurement Training To Drive World Class Purchase To Pay Practices;
This course will also tackle Learn About The Anatomy Of A Purchase Order: What Goes In The Header; Learn About The Anatomy Of A Purchase Order: All About The Line Items Level Info; There Are Different Types of Purchase Orders: Master Them In This Lesson; Learn All About Powerful Procurement Controls Such As 2-Way and 3-Way Matching; Tracking Orders And Centralised Purchasing Teams To Improve Control Of Buying; Making Payments To Suppliers;
You'll get premium support and feedback to help you become more confident with finance!
Our happiness guarantee...
We have a 30-day 100% money-back guarantee, so if you aren't happy with your purchase, we will refund your course - no questions asked!
We can't wait to see you on the course!
Enroll now, and we'll help you improve your procurement skills!
Who this course is for:
- Anyone with an interest in supply chain or procurement and purchasing
- Employees that are involved in purchasing who want to manage their company's money better
- People who wok in suppliers of purchasing organisations
In my courses you learn practical skills: "I feel like I am in a real classroom." - Kira Minehart
"What an amazing course! After finishing this course, I have confidence. Thank so much Dr Peter Alkema". Or Tulongeni Shilunga: "This is exactly the jump-start I needed. Very clear and concise"
I also help lead digital transformation at FirstRand, the biggest financial services group in Africa. I've been featured on CNBC Africa and won the Gartner CIO Of The Year in 2016. I founded and led the largest banking hackathon in South Africa which was published in 2019 as a case study by Harvard Business School.
I've taught over 17,000 students about business, academics and self-development. In 2020 I completed my PhD at Wits University In Johannesburg. The study introduced a ground-breaking theory of Agile software development teams. My woodworking book was published in 2014 and has sold over 10,000 copies.
Olugbenga Gbadegesin: "Excellent delivery" / Lebogang Tswelapele: "This is what I have been longing for" / Paskalia Ndapandula: "Peter speaks with so much clarity" / Amantle Mangwedi: "It was straight to the point and the sections are cut into nice short segments which made it easier to go through" Kathy Bermudez: "Excellent material. Well organized..."
Werner van Wyk: "Thank you Peter, once again your lesson and course have given me so much knowledge and understanding" / Yvonne Rudolph "I really look forward to take everything i learned in action" / Josephine Mahlangu: "exactly what I needed to know, absolutely valuable and helpful for my personal growth"