Certificate in Financial Tools in Procurement

  • Address: Mina Road, Same Building as Union National Bank, 6th floor, office 604 - Abu Dhabi, UAE (Map)
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Inquiry

This course will provide you with a solid foundation in the principles of finance as they apply in the real world, without resorting to jargon. You will develop an understanding of how finance works in business, how finance measures performance, how financial decisions impact upon performance, how to use finance skills to drive a business forward.

Training Objectives

Each attendee who will complete this training will gain the following outcomes

  • Explain the scope, methodology and language of the finance function.
  • Apply financial tools to help you make appropriate buying decisions.
  • Apply appropriate figures for different purposes, such as appraisal of suppliers, capital projects and decision-making.
  • Identify which goods and services can be categorized as capital and which will be expensive items.
  • Evaluate and select sources of finance to assess funds for capital acquisitions and projects.
  • Discuss the different types of risk and their impact on Suppliers, own organization and customers.

Who should attend?

This course is intended for Supply Chain Managers, Procurement Managers, Senior Buyers and Contract Managers.

Training Duration: 4 (Four) days (6 Hours/day)

Training Program

The following program are planned for this training. However, the instructor(s) may modify this program before or during the training for technical reasons with no prior notice to the delegates. Nevertheless, the training objectives will always be met:

DAY 1

08:30 – 09:00 Registration & Coffee
09:00 – 09:30 Welcome & Introduction
09:30 – 10:30 Importance of Corporate Governance, Regulation and Corporate Social Responsibility (CSR) and Sustainability in Relation to Economic Performance and Value Creation
10:30 – 10:45 Break
10:45 – 12:30 Identify Which Goods and Services Can Be Categorized as Capital and Which Will Be Expense Items
12:30 – 01:30 Range of Forecasting Methods
01:30 – 02:10 Lunch
02:10 – 03:30 Range of Forecasting Methods (Cont’d)
03:30 – 03:45 Break
03:45 – 04:00 Training Wrap-Up
04:00 End of the Day One

DAY 2

09:00 – 09:30 Training Recapitulation for Day One
09:30 – 10:30 Range of Forecasting Methods
10:30 – 10:45 Break
10:45 – 12:30 Contribution Analysis and Marginal Costing
12:30 – 01:30 Sources of Finance
01:30 – 02:10 Lunch
02:10 – 03:30 Sources of Finance (Cont’d)
03:30 – 03:45 Break
03:45 – 04:00 Training Wrap-Up
04:00 End of the Day Two

Day 3

09:00 – 09:30 Training Recapitulation for Day Two
09:30 – 10:30 Nature and Importance of Investment Decision-Making for Home and International Markets
10:30 – 10:45 Break
10:45 – 12:30 Nature and Importance of Investment Decision-Making for Home and International Markets (Cont’d)
12:30 – 01:30 Impact of External Factors Upon the Decision-Making Process
01:30 – 02:10 Lunch
02:10 – 03:30 Impact of External Factors Upon the Decision-Making Process (Cont’d)
03:30 – 03:45 Break
03:45 – 04:00 Training Wrap-Up
04:00 End of the Day Three

DAY 4

09:00 – 09:30 Training Recapitulation for Day Three
09:30 – 10:30 Type of Risks and their Impact on: Suppliers, Own Organization and Customer
10:30 – 10:45 Break
10:45 – 01:30 Type of Risks and their Impact on: Suppliers, Own Organization and Customer (Cont’d)
01:30 – 02:10 Lunch
02:10 – 02:45 Financial Appraisal and Risk Analysis of Suppliers, Your Own Organization and Customers
02:45 – 03:00 Break
03:00 – 03:30 Select Financial Risk Management Options
03:30 – 03:45 Training Summary
03:45 – 04:00 Giving of Training Certificate Completion
04:00 End of the Course

Spaces available on the following dates

Material given during the training: [DVD’s and Case Studies will be used during this course to illustrate examples of good and bad change implementation processes].

Before the course

Each delegate will be asked to complete a Pre-Course Assessment Form to determine their current level and objectives for attending the course. The content of such Form will be used by the trainer only to give tailored training that is focused on each group of delegates.

At the end of the course

Each delegate will be asked to complete an Individual Development Plan and Vocational Completion Certificate

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