Finance for Procurement Professionals

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Financial acumen for Procurement Professionals.

Date:

September 21, 2020 -

 

Closing Date for registrations:

14 September

Course Venue:

BrainsOn Training Hub, Midrand

Cost:

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R 8900 excluding VAT

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Course Objectives

Financial acumen for Procurement Professionals.

Other dates:

21-22 September - Midrand

Procurement Professionals manage many and varied suppliers and are required to assess each of them based on financial information, such as performing financial appraisals using a range of financial performance and efficiency ratios.

Understand the financial processes within the business and understand how financial information is applied from a procurement perspective.

You will learn

  • Understand financial statements., Perform supplier assessments - use and apply key financial ratios to understand various supply risks., Understand the application of financial info in your business., Accounting standards and their role., Proven tools to monitor; control; report and effectively budget., Budgeting and cost management in the Purchasing function - create an expenditure budget based on a previous year’s figures (incremental)., Evaluate various capital purchasing methods for investment decisions., Financial tools to facilitate decision-making - assess the impact of external factors upon the investment decision-making process and how these might be factored into the modelling and business case., Managing financial risk in procurement - assess the different types of risk and their impact on suppliers; your own organisation and customers; and describe and evaluate the main options for managing financial risk associated with the supply chain.

Who should attend

  • Commodity Specialists, Category Managers, Contract Managers, Commercial Specialists, Buyers, Sourcing Manager, Procurement and Supply Chain Managers, Cross-functional teams leaders/members

UPCOMING EVENTS

Revised Preferential Procurement Regulations (PPPFA)
Next Date: 30 Jun 2020
Advanced Microsoft Excel
Next Date: 1 Jul 2020
Strategic Sourcing and Category Management
Next Date: 6 Jul 2020
Preferential Procurement (B-BBEE)
Next Date: 8 Jul 2020
Risk Management in Procurement
Next Date: 8 Jul 2020
Managing Total Cost of Ownership
Next Date: 10 Jul 2020
Procurement Analytics
Next Date: 13 Jul 2020
Critical Negotiation Skills for the Procurement Professional
Next Date: 16 Jul 2020
Developing Effective and Compliant Bid Specifications
Next Date: 16 Jul 2020
Enterprise and Supplier Development for Procurement Professionals
Next Date: 20 Jul 2020
Developing and Managing Contracts and SLA's
Next Date: 22 Jul 2020
Ethics in Procurement and Supply Chain Management
Next Date: 24 Jul 2020
Fundamentals of Stores and Stock Control
Next Date: 27 Jul 2020
Project Management for Procurement Professionals
Next Date: 29 Jul 2020
Implementing the Three Bid Committees
Next Date: 29 Jul 2020
Practical Procurement
Next Date: 3 Aug 2020
Negotiation Skills for Procurement Professionals
Next Date: 5 Aug 2020
Introduction to Supplier Relationship Management
Next Date: 11 Aug 2020
Preventing Fraud and Corruption in the Public Sector
Next Date: 12 Aug 2020
Tender Specification Writing in Procurement
Next Date: 20 Aug 2020
Supervisory Skills for Procurement Managers
Next Date: 24 Aug 2020
Public Sector Supply Chain Management
Next Date: 24 Aug 2020
SAP Procurement Performance Optimisation
Next Date: 26 Aug 2020
Communication Intelligence for Procurement Professionals
Next Date: 27 Aug 2020
Legal Aspects in Purchasing and Supply Management
Next Date: 27 Aug 2020
Deviations from Open Competitive Bidding
Next Date: 8 Sep 2020
Effective Tendering and Supplier Management
Next Date: 14 Sep 2020
Finance for Procurement Professionals
Next Date: 21 Sep 2020
Value Analysis/Value Engineering for Supply Chain Professionals
Next Date: 14 Oct 2020