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.
Gain insights into financial bidding and finance processes.
Procurement Managers=Purchasing Agents=Supply Chain Professionals=Procurement Analysts=Operations Managers involved in procurement=Individuals new to finance in procurement roles
