Udemy

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English

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Operations

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Procurement Masterclass: A Complete Guide to Purchase To Pay

Gain expert-level knowledge of world-class operational procurement with this comprehensive overview.

4.50 (191 reviews)

5666

Students

1.5 hours

Content

Dec 2020

Last Update
$69.99
Regular Price


What you will 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.


Screenshots

Procurement Masterclass: A Complete Guide to Purchase To Pay
Procurement Masterclass: A Complete Guide to Purchase To Pay
Procurement Masterclass: A Complete Guide to Purchase To Pay
Procurement Masterclass: A Complete Guide to Purchase To Pay

Content

Grasp The Overall Purchase To Pay Process

Introduction

Handy Workbook

Learn Key Concepts in Purchasing

Types of spend compliance

Catalogues and Shopping Carts

Understand Efficient Purchasing

Master Requisitions, Approvals and Training

How Requisitions and Approvals Work

Improve Your Procurement Training

Achieve Expertise in The Purchase Order

What Goes In The Header

All About The Line Items

Different Types of Purchase Orders

Next Level Controls and Payments

2-Way and 3-Way Matching

Tracking Orders

Making Payments To Suppliers



Reviews

M
Maulik2 February 2021

The high level Procure to Pay process is well explained. Also, a good summary is provided on each activity.

A
Ajinkya21 January 2021

It seems to be great course...really helpful to understand procure to pay system thoroughly...trainer has rich experience in the domain and explaining in simple ways which anyone can understand and improve the skills

T
Tushar14 January 2021

Course content were appropriate and well designed for beginners to know procure to pay cycle. I would recommend to have more whiteboard sessions or examples to be discussed instead just talking the concepts.

M
Maria13 January 2021

I am a Procurement technician for my company. this course will help me do much better and improve my skills.

S
Sabrina21 December 2020

this course was very informative however the assignment somehow confuses me as am not yet in the field

D
Daniel31 July 2020

A great crash course on the basics of the procurement process, from an instructor that has 'walked the walk' when it comes to implementing procurement systems within large organisations.

Y
Yash8 July 2020

Great course introducing the fundamentals of Procurement through to payments. I think this course would be particularly useful for companies that are going through a Procurement System implementation, to help end users understand the underlying core process and what needs to be done.

S
Sheldon5 July 2020

I think the course was informative but a bit light on procurement fundamentals. Being a season and experienced Supply Chain Management expert, along with tech implementations, I think the course is good for an introduction to Procure to Pay p2p but don't think it covers all the details it should. However, given the courses I am use to, perhaps I am overly critical as I complete far more in depth courses regularly, so perhaps really the target audience that would be critical.

V
Vernicia5 July 2020

Thanks enjoyed the lesson, course material relevant to all procurement platforms. Quick and easy to understand, course instructor knowledgeable about content.

M
M3 July 2020

The course gives a good high-level overview of the PTP process, with practical examples of individual parts of the process. The author of the course has a good practical experience that is well used during the course sections.



Coupons

StatusDateDiscount
Expired2/13/2021100% OFF

3273174

Udemy ID

6/26/2020

Course created date

8/19/2020

Course Indexed date
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