Course Details

Streamline Your Operations: Procure-to-Pay (P2P) & Source-to-Contract (S2C) Optimization Training Course

INTRODUCTION

"Maximize efficiency and drive cost savings with our Procure-to-Pay (P2P) & Source-to-Contract (S2C) Optimization Training Course. Learn to streamline your procurement processes, from sourcing and contract management to payment and supplier relationship management. This Procure-to-Pay (P2P) & Source-to-Contract (S2C) Optimization Training Course equips procurement professionals, finance teams, and supply chain managers with the skills to optimize workflows, leverage technology, and enhance collaboration. Master the techniques of P2P and S2C optimization and transform your procurement operations into a strategic advantage."

DURATION

10 days

TARGET AUDIENCE

This course is meticulously designed for:

• Procurement Managers and Specialists: Responsible for sourcing, contracting, and purchasing.
• Finance Professionals: Involved in accounts payable, budgeting, and financial controls.
• Supply Chain Managers and Analysts: Overseeing supplier relationships and supply chain efficiency.
• Contract Managers: Managing contracts and ensuring compliance.
• IT Professionals: Implementing and managing P2P and S2C systems.
• Anyone seeking to enhance their skills in P2P and S2C optimization.

COURSE OBJECTIVES

Upon completion of this course, participants will be able to:

• Understand the end-to-end P2P and S2C processes.
• Identify and eliminate bottlenecks and inefficiencies in procurement workflows.
• Implement best practices for sourcing, contracting, and payment.
• Leverage technology to automate and streamline P2P and S2C processes.
• Improve supplier collaboration and relationship management.
• Enhance compliance and control in procurement operations.
• Utilize data analytics to measure and improve P2P and S2C performance.
• Understand proper system integration.
• Understand the importance of proper documentation.
• Understand how to create proper KPIs related to P2P and S2C.

COURSE MODULES

Module 1: Foundations of Procure-to-Pay (P2P) and Source-to-Contract (S2C):

• Introduction to P2P and S2C processes and their integration.
• Understanding the benefits of optimization and automation.
• Overview of key components and stakeholders.
• Understanding the importance of proper process mapping.

Module 2: Strategic Sourcing and Category Management (S2C):

• Developing sourcing strategies and category plans.
• Conducting market analysis and supplier evaluations.
• Negotiating contracts and managing supplier relationships.
• Understanding the importance of proper supplier selection.

Module 3: Contract Management and Compliance (S2C):

• Utilizing contract lifecycle management (CLM) systems.
• Ensuring contract compliance and risk management.
• Managing contract renewals and amendments.
• Understanding proper contract documentation.

Module 4: Requisitioning and Purchasing (P2P):

• Implementing electronic requisitioning and approval workflows.
• Utilizing e-procurement platforms and catalogs.
• Managing purchase orders and order tracking.
• Understanding proper authorization protocols.

Module 5: Receiving and Invoice Processing (P2P):

• Implementing automated receiving and goods receipt processes.
• Utilizing electronic invoice processing and matching.
• Managing invoice approvals and dispute resolution.
• Understanding proper 3 way matching.

Module 6: Payment and Settlement (P2P):

• Implementing electronic payment and settlement solutions.
• Utilizing payment terms and discount management.
• Managing supplier payments and reconciliation.
• Understanding fraud prevention protocols.

Module 7: Supplier Relationship Management (SRM):

• Developing supplier performance metrics and scorecards.
• Implementing supplier collaboration and communication tools.
• Managing supplier risk and compliance.
• Understanding the importance of supplier feedback.

Module 8: Technology and Automation in P2P and S2C:

• Utilizing P2P and S2C software and platforms.
• Implementing robotic process automation (RPA) and AI.
• Integrating systems and data for seamless workflows.
• Understanding the importance of change management during system implementation.

Module 9: Data Analytics and Performance Measurement:

• Utilizing data analytics for P2P and S2C performance monitoring.
• Developing key performance indicators (KPIs) and dashboards.
• Identifying areas for improvement and optimization.
• Understanding how to properly present data.

Module 10: Case Studies and Best Practices:

• Analyzing real-world examples of P2P and S2C optimization.
• Reviewing successful implementation strategies and outcomes.
• Identifying lessons learned and best practices.
• Understanding future trends in P2P and S2C.

CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com