Objectives and Intended Outcomes
Upon successful completion of this course participants will be able to:
- Apply basic financial analysis terminology
- Use financial information to assess suppliers
- Debate, discuss and evaluate possible procurement solutions.
- Apply principles of collaboration and common procurement knowledge.
Every member of a procurement team will find value in this course. Other departmental staff involved in making procurement decisions will also find this course to be of benefit.
Understanding financial statements helps procurement professionals make good decisions about suppliers. This course focuses on the key areas of the financial statements that are relevant to the agency when selecting a supplier. The course covers the level of analyses, relevant ratios and why they are important for procurement categories. The class concludes with a financial analysis game using the concepts.