Finance For Procurement - Understand the Tools, Techniques for Success
Details
INTERMEDIATE
Finance for Procurement
Improve utilisation of financial tools and techniques in operational decision-making.
This intensive workshop explores financial tools, techniques and methods as used by professional procurement practitioners for investment appraisal, ratio analysis, total cost modelling and negotiation planning.
Outline
1 DAY COURSE
LEARNING OUTCOMES
Our practical one-day course will equip you with the knowledge and tools to:
- Demonstrate confidence using selected tools to enhance the quality of decision-making.
- Develop appropriate sourcing decisions based on considered interpretation of a supplier's published financial accounts.
- Participate in business case and/or investment appraisal decisions and contribute to robust decision-making.
- Develop negotiation targets from a logical base derived from analysis of supplier's financials, cost breakdowns or published industry data.
- Model total cost and develop a range of initiatives to reduce the total cost of ownership based on rational cost modelling.
BENEFITS OF ATTENDING
- Increased confidence in the ability to contribute to investment appraisal, business cases and financial modelling.
- More effectively define and measure the best outcome and benefits of particular choices.
- Lowers the likelihood that the procurement process will be undermined by poor decisions or organisational risk will be increased through the selection of suppliers at risk of failing.
COURSE OVERVIEW
1 - Introduction to finance for procurement
2 - Assessing your own and your supplier's financial strength
3 - Pricing and costing
4 - Management of funds and resources
5 - Purchasing decision-making techniques
6 - Business cases
7 - Key procurement lifecycle financial issues
8 - Core benefits of professional procurement
9 - Capturing lessons learned
AUDIENCE
This workshop will be of benefit to professional procurement managers who wish to improve their utilisation of of financial tools and techniques in operational procurement decision-making.
Speaker/s
Comprara is an organization that specializes in offering expertise for supplier and cost management solutions across three key areas – People, Process and Technology.
Comprara is all about supporting procurement and commercial leaders and their teams to gain more ground in the way they purchase to add increased value back into their organisation.
Comprara work with ASX 200 companies including some of the largest organisations in Australia and New Zealand in Telecommunications, Health, Energy, Financial Services, Retail Banking, Aviation, Manufacturing, Utilities, Transport, FMCG, Resources as well as the Public Sector to name just a few.
