Program overview:

Purchasing & supply management organizations are moving towards value chain orientation. New communication and assessment tools are needed. The financial knowledge of the employees will be an essential enabler in this growth path.

In this program, participants will gain understanding of the fundamentals of financials. They will get a better understanding of annual reports and will be able to analyze a supplier’s financial health. This knowledge will lead to understanding the supplier’s pricing and how different cost elements contribute to the price. Additionally, other market intelligence sources that can be used for price analysis will also be covered.

For more information click here.

E-learning, 2 hours

Classroom, 2 days

Target audience:

• with a bachelor or master degree (or on equivalent level via work experience)with at least 1 year of purchasing experience;
• who are involved in managing, appraising and selecting suppliers;
• or for engineers and key stakeholders who want to have a better understanding of annual reports of suppliers, how different cost elements contribute to a supplier’s price an how these costs can be managed by using cost-models and market intelligence.