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Finance for Procurement Professionals – Intensive

Home Courses Finance for Procurement Professionals – Intensive

An intensive accounting and finance course aimed at stakeholders or individuals who want to understand how to use financial data and indicators to assess a supplier’s position, and be able to interrogate what is presented to support key decision making.

This course will provide a good level of knowledge and ability of accounting and finance, and will provide 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.

This course provides an intermediate level of learning into accounting and finance . It covers 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.

Those completing this course will be equipped to conduct a good level of supplier assessment and be able to look more deeply, or determine what questions to ask, in order to support key decision making. A good level of finance and accounting ability is an essential skill for any procurement practitioner who works with important suppliers, and provides the basis for supplier qualification and risk management. The course will also take you through developing a supplier management plan using financial due diligence.

Online training PT with text RGB 300ppi V2
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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 can they 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

Who should attend

  • All roles within the procurement function
  • Stakeholders who support the financial assessment of suppliers

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

What You Will Get

This training is delivered by a highly experienced procurement expert and is delivered live, online, as a series of workshops. Delegates will need access to spreadsheet software to complete course tasks and build the models.

Different language options are available, and a summary of course evaluations and feedback will be provided after the training.

Delegates will receive:

  • A working spreadsheet finance model with terms and conditions calculator
  • Slide handouts pdf document
  • Access to the LMS and course slide decks for 3 months
  • A certificate for all delegates who complete the course

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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