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
Description
"Great course introducing the fundamentals of Procurement through to payments" - Yash
"Quick and easy to understand, course instructor knowledgeable about content." - Vernicia
"The author of the course has a good practical experience that is well used during the course sections" - Mira
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 spend 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 learnt so that you can take your performance to the next level. There's also an overview lesson which I teach from a whiteboard so you have the all the key concepts explained in one place before you go into the detailed lessons.
This course covers:
How purchasing spend is either channel or supplier compliant
Catalogues, 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 which cannot be catalogued
Training procurement users using either project based or business as usual methods
Why its 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 document cross checking controls purchasing
Centralised 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.
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
Course content
- Preview03:21
- 18:00Whiteboard Overview Lesson: All Key Concepts Of Purchase To Pay That You Need
- 00:16Introduce Yourself To Your Fellow Students And Tell Us What You Want To Learn
- 01:11Handy Workbook For Procurement Masterclass: A Complete Guide To Purchase To Pay
Instructor
![Peter Alkema](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.4 Instructor Rating
- 6,479 Reviews
- 45,970 Students
- 39 Courses
I am passionate about helping my students achieve their goals, like Flora Makgale: "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"