It is generally accepted that there are four core business resources of which finance is one. Failure to understand finance is a serious oversight as financial information is used to analyse and assess risk. All financial appraisals require a balanced view and cannot be simply numerically based. For this reason it is prerequisite for all business managers to develop their skills and understanding of financial aspects.
This Finance for Procurement training course will prepare you for the challenges faced on a day-to-day basis and focuses on minimising risk at the pre-contract stage of the procurement cycle. It will equip you to accurately assess your supplier prior to inviting bids.
By attending Finance for Procurement workshop, delegates will learn to:
- Demonstrate an understanding of financial statements
- Understand the use of financial analysis
- Demonstrate the ability to practically apply analytical data