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4.54 out of 5
4.54
123 reviews on Udemy

Procurement Masterclass: A Complete Guide to Purchase To Pay

Gain expert-level knowledge of world-class operational procurement with this comprehensive overview.
Instructor:
Peter Alkema
3,608 students enrolled
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

Great course introducing the fundamentals of Procurement through to payments” – Yash

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“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:

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  • 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.

You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
4.5
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123 Ratings

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Course available for 1 day
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Includes

2 hours on-demand video
1 article
Full lifetime access
Access on mobile and TV
Certificate of Completion
2