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Finance for Procurement Professionals

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Financial acumen for Procurement Professionals.

Date:

November 2, 2021 -

 

Closing Date for registrations:

28 October

Course Venue:

Online, instructor-led training

Cost:

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R 6450 excluding VAT

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Course Objectives

Financial acumen for Procurement Professionals.

Next date: 2-3 November

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

Strategic Sourcing and Category Management
Next Date: 18 Oct 2021
Developing and Managing Contracts and SLA's
Next Date: 20 Oct 2021
Intermediate Microsoft Excel
Next Date: 21 Oct 2021
Supervisory Skills for Procurement Managers
Next Date: 25 Oct 2021
Fundamentals of Stores and Stock Control
Next Date: 28 Oct 2021
Negotiation Skills for Procurement Professionals
Next Date: 1 Nov 2021
Finance for Procurement Professionals
Next Date: 2 Nov 2021
Project Management for Procurement Professionals
Next Date: 2 Nov 2021
Ethics in Procurement and Supply Chain Management
Next Date: 4 Nov 2021
Critical Negotiation Skills for the Procurement Professional
Next Date: 9 Nov 2021
Practical Procurement
Next Date: 15 Nov 2021
Effective Tendering and Supplier Management
Next Date: 17 Nov 2021
Introduction to Supplier Relationship Management
Next Date: 18 Nov 2021
Legal Aspects in Purchasing and Supply Management
Next Date: 22 Nov 2021
Preferential Procurement (B-BBEE)
Next Date: 23 Nov 2021
Enterprise and Supplier Development for Procurement Professionals
Next Date: 23 Nov 2021
Communication Intelligence for Procurement Professionals
Next Date: 24 Nov 2021
Managing Total Cost of Ownership
Next Date: 24 Nov 2021
Tender Specification Writing in Procurement
Next Date: 25 Nov 2021
Value Analysis/Value Engineering for Supply Chain Professionals
Next Date: 30 Nov 2021
Procurement Analytics
Next Date: 6 Dec 2021
Asset Management in the Public Sector
Date to be confirmed
Logistics Management
Date to be confirmed