Finance for procurement
Training objectives
Key benefits of training
Key financial concepts to make better quality purchasing decisions
Ability to anticipate and assess the financial impact of decisions, in the short and long term
Understand the impact of purchasing decisions on the company's financial performance, including profitability and cash flow
Description of training
Training Finance for procurement provides participants with the practical knowledge and skills necessary to navigate the financial world in an informed manner. The programme addresses the common problem of „indigestible” financial language. It shows how to understand it, decode it and use it in everyday purchasing decisions so as to have a substantive dialogue with CFOs and other business stakeholders.
Every purchasing decision, regardless of its scale and where it is made in the organisation, has specific financial consequences. A proper understanding of these is crucial to the achievement of business objectives and the long-term development of the company in line with management's vision. Therefore, those responsible for purchasing and making business decisions, even if they are not financiers, should understand the basic financial mechanisms and their impact on the company's bottom line.
Participants will learn to use financial terminology with ease, which will significantly improve cooperation with the finance, controlling, sales, logistics and accounting departments. The programme introduces the key concepts, concepts, methods and tools used in financial analysis and business management, with particular emphasis on the purchasing perspective.
At the end of the workshop, participants will be able to correctly analyse and interpret financial data, assess the effects of decisions taken in the short and long term and better understand the relationship between processes in the organisation and the financial result. An important element of the training is to work with practical examples; participants can submit their own issues and cases „from the life of the company” to be discussed during the workshop.
Key Programme Topics
How purchasing decisions affect a company's bottom line and cash flow, and how to consciously navigate the language of finance used by CFOs
Practical interpretation of the balance sheet, income statement and cash flow from a purchasing perspective and key financial KPIs used in SRM
How to compare bids and investments using NPV, IRR, WACC and make decisions like Opex vs. Capex or Lease vs. Buy
Managing working capital, costs and financial risks and eliminating conflicts at the interface between purchasing, finance and logistics
MSUES 2.0 certification.
FAQ
When purchasing through our online shop, please provide your TAX ID (VAT) number and company name. We will issue the invoice on the day the payment is entered into our system.
Our pricing policy provides discounts for group registrations of a minimum of 4 people. Please contact us directly if you would like to register 4 or more participants for a training course.
The final choice of location depends on the geographical mix of registered participants. Most often, the final location is announced 30 days before the open training date.
With 25 years of experience in building finance functions in international organisations such as TESCO, ista International, LKQ, Mekonomen, Oshee and Dr.Max. For 18 years working with major PE funds (CVC, TowerBrook Capital Partners, Bain Capital, Innova Capital, Penta Investmets). Graduate of the Cracow University of Economics, General Management Programme at the University of St. Gallen and holder of the FCCA certificate. At Eveneum, he specialises in financial awareness training in organisations and financial training for non-financial professionals.
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