Contract and Procurement Fraud
Contractors and suppliers know their business well and most are aware of weaknesses in the supply management system. For better or worse, they know what tactics will work against a given level of experience and sophistication on the supply management side of the table. Having the right skills and knowledge as a supply management professional will help you avoid common and not so common contract and procurement fraud. In this supply management course, you will learn to identify multiple types of fraud such as expense reimbursement, inventory, internet, purchasing specific fraud and more. To make this supply management training practical and applicable, several case examples are provided. Additionally, you’ll receive and learn how to use a tool to counteract contract and procurement fraud activities from occurring in the supply chain operation.
Member Price: $1,199.00
Nov 14-15, 2023
Prior to starting his own firm in 1991, William Agee, C.P.M., C.E.M, CMN, CPE, CPP, CPIM, SSBB, was a vice president in a large international management, consulting, and educational firm specializing in world class education, financial reviews and audits, procurement service, quality management, manufacturing and human resources. Agee has been involved in purchasing and materials management at various levels for over 30 years. His purchasing experience includes governmental (federal and state), wholesale, retail, service, industrial and manufacturing.
Previously, Agee was the Manager of Purchasing and Contract Administration at Allergen, Inc., a Fortune 300 corporation, which manufactures pharmaceutical and over-the-counter eye care products. While in residence, he also became familiar with the manufacturing and planning process for the 17 different lines of production both for their domestic operations as well as their international branches. Agee was also contracts manager for a large Department of Energy project where he oversaw the contracts development and management.
Additionally, Agee taught for Baylor University in the areas of purchasing and materials management. He developed a computerized purchasing simulation program entitled The Smart Buyer to provide realistic perspective of marketplace fluctuations and potential results. In addition, he has developed over 172 educational programs for organizations primarily focused in the areas of SCM, contracting and purchasing. He is the 2005 ISM Award Winner of the Howard W. Cosgrove Award for outstanding contribution to the profession.
Agee holds degrees in marketing and management. He is affiliated with many companies and organizations including the American Wholesale Marketers Associations, CIBA-Geigy, Allergen, Inc., American Contract Manufacturers Association (AMCON), The Fritz Company, Inc., Diamond Shamrock Corporation, Kodak, Medtronics Interventional Vascular. He is a CPE and CPP, both certified by the American Purchasing Society (APS) and a C.P.M. by the Institute for Supply Management (ISM). He has also been certified for the Certified Production and Inventory Manager by the American Society of Production and Inventory Control Society and Six Sigma Black Belt. In addition to being a speaker for ISM, he has held both local and national offices with the organization and has written several articles for leading purchasing and business publications.
What You Will Learn:
- How to identify the fraud triad
- The many faces of fraud within supply chain
- Auditing major contracts for fraud
- Practical real world use cases
- Tools to help you counteract contract and procurement fraud activities
Virtual Class Schedule:
Day 1 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Day 2 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 2 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Course Overview & Goals:
- Common fraud examination tools and applications
- Types of fraud categories most employed in purchasing, contract management, personal expense categories, the Internet, bidding and asset misappropriation
- Audit types often employed by supply chain management and purchasing professionals of various contract types
- Audit triggers, examples employed in fraud investigations
- To employ certain audit types to ensure the standards of professional assurance are being met by the contractor and the supply chain management
- The questions to employ when conducting an in-house review and investigation
- Remedies to employ as a company to a contractor/supplier, to an employee and what the law would avail
- To better track and review your own contracts
- Use cases to make the learning practical and applicable
- Tools to put into place to reduce and/or eliminate fraud along the supply chain
- Increased confidence in managing sizable contracts effectively
- New skills, knowledge and tools to combat contract and procurement fraud along the supply chain
Who Should Attend:
This session is essential for any organization which expended sizable sums of money with a few select suppliers or contractors. All levels of purchasing and supply management professionals, contract administrators, contract managers, project managers and senior managers will benefit from this supply chain fraud course.
Terms And Conditions
Virtual Learning Transferals: Registrations are transferable without any charge to another ISM Virtual Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred.
Cancellations Virtual Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation.
Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.