Courses / Short Learning Series
Procurement & Inventory Controls
SL-15 · Controls
Bring discipline to buying and stock. You will design procure-to-pay controls, set approval limits and budget checks, onboard and score suppliers, run inventory counts and reconciliations, and spot the signs of waste, shrinkage and procurement fraud before they eat into profit.
Who it's for
Business owners, managers, buyers, storekeepers and finance professionals responsible for purchasing, payables or stock.
What you'll be able to do
- Map the procure-to-pay cycle and apply three-way matching and segregation of duties
- Design a delegation of authority matrix, check purchases against budget and onboard suppliers safely
- Plan and run an inventory count and reconcile it to the stock ledger and general ledger
- Measure shrinkage and waste and use red flags and data tests to detect procurement and inventory fraud
Lessons
- 1Procure-to-pay controlsreading
- 2Approvals, budgets and supplier managementreading
- 3Inventory counts and reconciliationsreading
- 4Reducing waste, shrinkage and fraudreading