Finance for Procurement and Logistics Professionals

The purpose of this course is to provide participants with the information and knowledge to appraise the financial situation of the suppliers and then monitor and improve their performance.

CONTENT:

Supplier Appraisal

• Methods of Supplier Appraisal
• How to select criteria to appraise suppliers?
• Evaluation of Appraisal results
• Appraisal Process

Financial Appraisal

• Evaluate and assess financial statements of the suppliers and customers and relate them back to the business
• Compare the value and relevance of financial information in the context of the decision-making process for evaluation and selection of supplier and service providers
• Use the wide variety of finance and accounting terminology
• Propose financial management tools and techniques and be able to apply these in relation to the total procurement and supply chain process – Ratio Analysis, ROI, NPV and Payback
• Evaluate the elements that make up a complex business case for a capital acquisition, including downstream maintenance, service provisions for the life of the acquisition, and disposal.

FOR WHOM:

Stores Purchasing and Logistics Personnel in the Public and Private Sectors

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.