0861 334 326       info@commerce-edge.com

Finance for Procurement Professionals

Training Image

Financial acumen for Procurement Professionals.


September 1, 2021 -


Closing Date for registrations:

25 August

Course Venue:

Online, instructor-led training


See more...

R 6450 excluding VAT

More Information
I want to receive training newsletters and procurement updates

Course Objectives

Financial acumen for Procurement Professionals.

Next date: 1-2 September

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


Introduction to Supplier Relationship Management
Next Date: 29 Jul 2021
Effective Tendering and Supplier Management
Next Date: 2 Aug 2021
Negotiation Skills for Procurement Professionals
Next Date: 2 Aug 2021
Ethics in Procurement and Supply Chain Management
Next Date: 6 Aug 2021
Project Management for Procurement Professionals
Next Date: 11 Aug 2021
Legal Aspects in Purchasing and Supply Management
Next Date: 12 Aug 2021
Fundamentals of Stores and Stock Control
Next Date: 16 Aug 2021
Preferential Procurement (B-BBEE)
Next Date: 17 Aug 2021
Enterprise and Supplier Development for Procurement Professionals
Next Date: 17 Aug 2021
Communication Intelligence for Procurement Professionals
Next Date: 18 Aug 2021
Managing Total Cost of Ownership
Next Date: 18 Aug 2021
Supervisory Skills for Procurement Managers
Next Date: 19 Aug 2021
Developing and Managing Contracts and SLA's
Next Date: 23 Aug 2021
Advanced Microsoft Excel
Next Date: 23 Aug 2021
Risk Management in Procurement
Next Date: 24 Aug 2021
Intermediate Microsoft Excel
Next Date: 26 Aug 2021
Practical Procurement
Next Date: 30 Aug 2021
Value Analysis/Value Engineering for Supply Chain Professionals
Next Date: 30 Aug 2021
Strategic Sourcing and Category Management
Next Date: 31 Aug 2021
Finance for Procurement Professionals
Next Date: 1 Sep 2021
Procurement Analytics
Next Date: 7 Sep 2021
Asset Management in the Public Sector
Date to be confirmed
Logistics Management
Date to be confirmed