Procurement Fraud

Overview

The Procurement Fraud course at CTS College addresses the critical issue of fraudulent activities within the procurement domain. The allure of such a substantial financial component makes procurement susceptible to fraudulent acts, posing a threat to organisations. Corruption, often elusive and surreptitious, inflicts permanent long-term damage on all stakeholders, despite offering short-term gains for wrongdoers. This course acknowledges the multifaceted nature of Procurement Fraud, occurring at various stages within the Procurement and Tender Cycle, and aims to equip participants with the knowledge and tools needed to detect, prevent, and combat fraudulent activities effectively.

Participants in the Procurement Fraud course will gain a comprehensive understanding of the detrimental consequences of corruption in procurement, fostering a heightened awareness of its impact on both short-term gains and long-term sustainability. Armed with this knowledge, individuals will be better prepared to implement robust anti-fraud measures, contributing to the integrity and ethical conduct within the procurement processes of organizations.

Benefits

Upon completion of this programme, students would be able to:

• Understand the hard-hitting techniques that unscrupulous employees and suppliers deploy on vulnerable organisations
• Help prevent procurement fraud in their organisation

In addition, this course will benefit Chartered Institute of Procurement and Supply (CIPS) Professionals who are pursuing the CIPS qualifications on the varying levels across the different modules, supplementing their knowledge of Procurement Fraud at a much deeper and broader perspective; and is most specifically significant when studying:

• Advance Certificate - L3M2: Ethical Procurement and Supply
• Diploma - L4M4: Ethical and Responsible Sourcing
• Advance Diploma - L5M5: Managing Ethical Procurement and Supply
• Professional Diploma - L6M1: Strategic Ethical Leadership

Features

Below are some of the main features of this course:

• Short duration - can be completed in only 5 weeks with 1 class per week
• Competitive rates with flexible payment plans
• Experienced lecturer with excellent student support
• Online classes which are also recorded for further review
• Support group via WhatsApp with the lecturer, programme manager and students

This course utilises the following teaching methods:

• Lectures
• Class discussions
• Role playing

Target Audience

This course is perfect for:

• Procurement and Supply Chain Management Professionals
• Corporate and Strategic Business Unit Managers in various business functions
• Anyone seeking to understand, detect, and prevent Procurement Fraud practices
• Persons interested in safeguarding their organisation against corruption

Entry Requirements

No prior experience or qualifications are required for enrolment in this course – all are welcome to join and learn.

Course Content

The following would be covered in this course:

1. Introduction to Procurement

• What is procurement?
• Types of procurement
• Where does procurement sit?
• The procurement cycle

2. Ethics in Procurement and Supply

• Ethics and ethical behavior
• CIPS codes of conduct

3. Procurement Methods

• Procurement methods
• Competitive procurement instruments
• The tender
• The tender cycle

4. Corruption

• Procurement fraud
• Corruption
• Bribery
• Kickbacks
• Illegal gratuities
• Economic extortion
• Conflicts of interest
• Indicators

5. Supplier Corruption

• Complementary bidding
• Bid rotation
• Bid suppression
• Market division
• Indicators and prevention

6. Employee and Supplier Collusion

• Need recognition
• Bid tailoring
• Bid manipulation
• Unbalanced bidding
• Leaking bid data
• Indicators and prevention

7. Procurement Fraud without Competition

• Single sourcing fraud
• Personal use purchasing
• Bid splitting
• Purchase card fraud
• Petty cash fraud
• Indicators and prevention

8. Procurement Fraud during and post Contract Performance

• Invoicing fraud
• Non-conformance
• Change order abuse
• Cost mischarging
• Commingling
• Indicators and prevention

9. Supplier Management

• Supplier management
• Contract risk management
• Shell companies

10. Procurement Fraud Detection, Prevention, and Investigation

• Ethics and compliance programme
• Fraud risk assessment
• Anti-fraud programme
• Response plan
• Investigation plan

Schedule

Course Offering

Day	Time	Duration	Contact Hours	Cost	Lecturer
Thursday	06:00 pm to 09:00 pm	5 weeks	15 hours	$1,500.00	Mr. Wesley Superville

Session - Thursday (06:00 pm to 09:00 pm)

Session	Start Date	End Date
2024 - Cycle 1 - Online Classes	Thursday, February 8, 2024	Thursday, March 7, 2024
2024 - Cycle 2 - Online Classes	Thursday, May 16, 2024	Thursday, June 20, 2024
2024 - Cycle 3 - Online Classes	Thursday, August 22, 2024	Thursday, September 19, 2024
2024 - Cycle 4 - Online Classes	Thursday, November 7, 2024	Thursday, December 5, 2024

Delivery Mode

Online Classes

This course will be delivered via live online classes. Students will be provided with a link to join the class as well as other relevant instructions at least one day before the start of each class. These classes are also recorded - therefore students have the option to review the course content as often as they like.

Additional Info

Assessment

Students would be required to complete the following assessment(s) for this course:

• Class discussions
• Role playing activities

Certification

In order to receive the CTS College certificate of completion or participation for this course, students must attend a minimum of 75% of classes and pay any outstanding fees. Where applicable, students who do not meet the necessary assessment requirements, but attended the required amount of classes would receive a CTS College certificate of participation.

Certificates would be provided in digital format which would allow students to access, print and share their certificates 24/7 on demand. For more information on our digital certificates please click here.

Resources

A digital workbook will be provided for this course along with a bibliography for research and further reading.

Interactive Course Calendar

Explore our comprehensive Interactive Course Calendar, with a list of all our courses and their costs and delivery modes offered throughout the year.

View Calendar »

Fees & Payment

Cost

This course is offered at the affordable price of $1,500. In order to start the course, students must pay a minimum of 50% before the first class.

Payment Plans

Students can be given a payment plan where the initial downpayment is made, with an arrangement for the remaining balance to be paid over the duration of the course. Please feel free to contact us to discuss a payment plan customised for you.

Payment Methods

The following table shows the details for the 4 convenient ways to pay the CTS College fees for this programme:

Payment Method	Details
Linx	Paid at the Administration Office
Credit Card	Paid at the Administration Office
Cheque	Paid at the Administration Office Made Payable to CTS College
Online Bank Transfer	Paid via Online Banking Click to view full instructions »

Student Support

Facilitator

At CTS College, we believe in crafting an extraordinary student experience. This is why we have selected Mr. Wesley Superville to facilitate the Procurement Fraud course. Mr. Superville not only imparts knowledge, but creates a learning experience where students feel valued and appreciated. He is also committed to shaping a transformative learning journey and creating an educational adventure that goes beyond the ordinary.

Mr. Wesley Superville’s passion for Supply Chain Management heralds from 20 years of combined experience in various supply chain functions including Warehouse Specialist, Inventory Controller, Purchasing Officer and Materials and Logistics Supervisor. He has worked in the Oil and Gas, Telecommunications and FMCG industries in Trinidad and Tobago and is the holder of the MCIPS qualification and Master of Business Administration in Logistics and Supply Chain Management.

Wesley is passionate about educating persons about the importance of Procurement and Supply and the critical roles that Warehousing and Inventory Management play throughout the supply chain. He continuously advances his education and lets his work performance and student feedback do the talking.

Programme Management

The programme management team is responsible for the management of this course. If you would like further information or clarification on this programme please contact:

Ms. Reena Seepersadsingh
Programme Manager
Phone: (868) 376-7721 / (868) 740-9095

E-mail: Certificationshidden@CTSCollege.com