This course is designed to provide procurement professionals with a foundational understanding of finance concepts essential for effective decision-making. Participants will learn how to evaluate procurement options, assess financial risks, and contribute to the financial success of their organizations. The course is suitable for individuals with no prior background in finance.
Understand the role of finance in procurement decision-making.
Learn how to evaluate and compare procurement options using financial metrics.
Build selection parameters based on financial considerations.
Understand the concept of the time value of money and its relevance to procurement.
Develop skills in financial risk management and uncertainty in procurement.
Introduction to finance fundamentals in procurement.
Importance of financial literacy for procurement professionals.
Overview of financial statements and their relevance to procurement decisions.
How to evaluate and compare procurement options.
Utilizing key performance indicators (KPIs) for procurement assessment.
Building selection parameters based on financial considerations.
Understanding the time value of money and its impact on procurement.
Financial risk management and uncertainty in procurement.
Financial bidding strategies and finance processes in procurement.
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.
Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.