Finance for Procurement Professionals

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Financial acumen for Procurement Professionals.

Date:

September 29, 2016

 

Closing Date for registrations:

19 Sepetember 2016

Course Venue:

Atlantic Imbizo Conference Centre (WC)

Cost:

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R 7350 excluding VAT

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Course Objectives

Financial acumen for Procurement Professionals.

Other dates: 

29 & 30 September 2016 Gauteng

5 & 6 December 2016 Western Cape 

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