Training on Financial Aspects in Procurement

Workshop Overview

Dive into the world of financial tools, techniques, and methods essential for robust procurement and supply chain management. This intensive workshop covers investment appraisal, ratio analysis, total cost modeling, and negotiation planning. For anyone in a Procurement and Supply Chain role, a solid grasp of financial aspects is crucial. This course introduces you to the fundamentals of accounting and key elements of financial statements, including the Annual Report, Profit & Loss, and Balance Sheet. You'll also explore the principles of costing and pricing, equipping you with the knowledge to make informed decisions. 

Who Should Attend?

This workshop is particularly beneficial for procurement managers eager to enhance their use of financial tools in operational decision-making. Whether you're new to procurement or looking to refine your skills, this course offers valuable insights.

Benefits of Attending

Attending this workshop will empower you with:

  • Enhanced Confidence: Boost your ability to contribute to investment appraisal, business cases, and financial modeling.
  • Decision-Making Skills: Develop confidence in defining, measuring, and achieving the best outcomes.
  • Risk Reduction: Minimize the risk of poor procurement decisions and avoid selecting suppliers that may fail.

Key Learning Outcomes

  • Decision-Making Enhancement: Use selected tools confidently to improve decision quality.
  • Sourcing Decisions: Make informed sourcing decisions by analyzing suppliers' financial accounts.
  • Investment Appraisal: Contribute effectively to business cases and robust decision-making.
  • Negotiation Targets: Develop logical negotiation targets from financial analysis.

Course Content

Understanding Financial Impacts on Procurement

  • How external events increase procurement risk.
  • Seeking prosperity through risk reduction.
  • Making procurement's role strategic.
  • Planning and controlling organizational finances.

Financial Analysis Techniques

  • Predicting supplier insolvency.
  • Constructing key financial statements.
  • Understanding net and gross profit.
  • Interpreting financial statements using ratios.

Cost Management and Analysis

  • Cost planning to stay competitive.
  • Impact of changing volumes on supplier costs.
  • Exploring fixed, variable, and hybrid costs.
  • Benefits of Absorption, Marginal, and Activity-Based Costing.

Financial Planning and Budgeting

  • Using breakeven analysis for profit planning.
  • Managing short and long-term funds.
  • Overcoming budget challenges.
  • Considering cash flow in projects.

Investment Evaluation and Risk Management

  • Evaluating projects: which to invest in?
  • Understanding NPV, IRR, and payback period.
  • Calculating discount rates and assessing risk.
  • Predicting financial issues through procurement lifecycle stages.

Mitigating Financial Risks in Procurement

  • Financial risks before, during, and after contract delivery.
  • Strategies to eliminate financial risks before signing contracts.

Date

Venue

Register

9th-13th June 2025

Dubai

7th-11th July 2025

Nairobi

8th-12th Sept 2025

Nairobi

6th-10th Oct 2025

Nairobi

3rd-7th Nov 2025

Mombasa

1st-5th Dec 2025

Nairobi

12th-16th Jan 2026

Nairobi

9th-13th Feb 2026

Nairobi

23rd-27th Mar 2026

Nairobi

20th-24th April 2026

Nairobi

Frequently Asked Questions

Can I get a discount for group booking?

Yes, UPHILOS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization contact us.

Will I receive a certificate upon completion of the training?

Yes, upon successful completion of any of our training courses, UPHILOS Certificate will be awarded to the delegates.

Does UPHILOS offer customized training for organizations?

Yes, UPHILOS provides customized training solutions tailored to meet the specific needs of organizations.

Does UPHILOS arrange accommodation and airport pickup for participants?

We offer accommodation and airport pickup arrangement upon request. Please contact us in advance with your travel details.

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