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Finance for Procurement Professionals – Intensive

Home Courses Finance for Procurement Professionals – Intensive

This intensive course will provide a good level of knowledge and ability of accounting and finance, providing the ability to evaluate and understand a given supplier, interrogate what is presented, and use this as a basis to make key decisions or manage risk.

The course provides an intermediate level of learning into accounting and finance, covering how to understand and interrogate key financial statements such a profit and loss, balance sheet and cash flow. It covers key ratios and how to test what is being presented to gain insight. It includes practical case studies to apply learning in a real context.

Finance for Procurement course - classroom and online training - Intensive

Course Content

Introduction to finance and understanding the supplier’s position

  • Introduction to finance
  • Financial reporting supporting company decision-making
  • Key financial statements including Profit and Loss, Balance Statement and Cash Flow Statement

Application of financial information

  • Analysis of a supplier using ratios and key metrics
  • Identify key supplier financial information
  • Understanding the supplier’s position

How supplier’s cost and sales information informs us

  • Supplier costs and ‘should cost’ modelling
  • Using sales and purchase data to help health check the supplier
  • Researching and obtaining key supplier financial information

Supplier financial management planning and sources of capital

  • Management information useful for a procurement team to aid decision-making
  • Principles of financial and management accounting, including reporting, budgeting, and decision making
  • Supplier’s sources to raise capital and other investments
  • Developing a supplier management plan using financial due diligence

Learning objectives

By the end of this course, delegates will be able to:

  • Describe how financial systems and reporting helps the decision-making and running of an organization
  • Understand a supplier’s financial position, both overall, and for specific products/services, in effective procurement practice
  • Describe the different ways procurement teams can understand the suppliers’ position and the associated difficulties
  • Interpret the three key financial statements: Profit and Loss, Balance Sheet and Cash Flow Statement
  • Understand how a Profit and Loss account works and what they can tell us about a business
  • Learn the anatomy of a balance sheet and the role of working capital management
  • Understand the importance of cash flow and identifying risk in a business
  • Perform basic analysis of supplier financial information using key ratios and metrics
  • Describe and utilize ways to obtain key supplier financial information
  • Understand the principles of financial and management accounting. Including reporting, budgeting and decision-making.
  • Explore what can be derived from sales and purchase data to help health check the supplier
  • Identify the management information useful for a procurement team to aid decision making
  • Understand supplier costs and ‘should cost’ modelling
  • Categorize suppliers with appropriate financial due diligence to develop a supplier management plan
  • Understand and identify supplier’s sources to raise capital and other investments
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Course Catalogue

To download our Training Course Catalogue, please click the link below.

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Get in Touch

If you’d like to discuss how our training, platform and package options could work for your organization, please click below or call us on +44 33 00 94 0000.

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