PMS Training

Objectives

As greater financial awareness is fundamental to the job of the buyer, this course is essential for all purchasing personnel.

Outcomes

The course will give delegates a clear understanding of and an in depth exposure to, the financial skills essential to the contemporary purchasing function.  This will enable delegates to assess the financial status of suppliers and confidently use techniques such as open book costing and cost analysis to achieve more profitable deals.

Course Content

Basic Concepts

Types of Company / Available Information / Regulation.

Financial Statements

The Balance Sheet / Capital and Reserves / Fixed Assets / Current Assets / Creditors / Format / Profit and Loss Account / Capital and Revenue Expenditure.

Financial Analysis

Horizontal Analysis / Trend Analysis / Vertical Analysis / Ratio Analysis / Profitability / Liquidity / Efficiency / Investment.

Financial Press

Understanding the Financial Press / Share Indices / Commodities / Base Lending Rate / Producer Price Indices.

Currencies

Fluctuations / Exchange Markets / Euro / Forward Exchange Contracts / Managing Risk.

Product Costing Systems

Terminology / Absorption Costing / Allocation / Apportionment / Absorption / Marginal Costing / Fixed Costs / Variable Costs / Break Even Charts / Job Costing / Contract Costing / Batch Costing / Process Costing / Service Costing.

Cost Analysis

Cost Analysis v Competition / Open Book Costing / Obtaining Cost Breakdowns / Analysing Price Movements / Measuring the Effect of Currency Movements, Wage Movements, Material Movements and Cost Reductions.

COURSE DATES

Course Fee

Course Duration

Two day non-residential course.

PMS has preferential rates for accommodation with three excellent city hotels within walking distance of the Training Centre.

Note Dates wanted and Book this course

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