Elevate your procurement expertise with our dynamic course focused on the Importance of Commercial Awareness in Procurement. Gain a deep understanding of how procurement decisions impact your organisation’s financial health and strategic direction. You’ll learn to read and interpret financial statements—such as balance sheets and cash flow statements—to inform your decision-making. Discover effective techniques for managing costs and maximising value, along with strategies for supplier negotiation. Explore how market dynamics and economic indicators influence procurement strategies, and learn to align procurement activities with your organisation’s commercial objectives. Plus, master risk management techniques to identify and mitigate commercial risks in procurement. Join us to transform your procurement approach and drive meaningful value for your organisation!
Delegates Will Learn:
- The Importance of Commercial Awareness in Procurement: Understanding how procurement decisions impact the financial health and strategic direction of an organisation.
- Reading and Interpreting Financial Statements: How to analyse financial documents such as balance sheets, income statements, and cash flow statements to inform procurement decisions.
- Techniques for Managing Costs and Maximising Value: Strategies for cost control, value analysis, and supplier negotiation to achieve the best possible outcomes for the organisation.
- Understanding Market Dynamics and Economic Indicators: How external factors such as market trends, economic conditions, and regulatory changes influence procurement strategy.
- Aligning Procurement Activities with the Organisation’s Commercial Objectives: Techniques for ensuring that procurement strategies support overall business goals and contribute to long-term success.
- Risk Management in Commercial Procurement: Identifying, assessing, and mitigating commercial risks that may arise from procurement activities.
Who will benefit from attending this course?
- Mid-level procurement professionals
- Procurement team members
- Anyone involved in making commercial decisions in procurement
Does the location/date/time of this course not work for your organisation? We’re flexible, contact us about bringing the training to your facility through in-house or bespoke courses at a date and time that is most convenient to you!
Price :
Members: £149; Affiliate: £223; Non-Members: £298 Time:
10:00 - 16:30
Venue:
9-10 Eastway Business Village Olivers Place,
Fulwood, Preston, Lancashire, PR2 9WT
Share
