The Caribbean Procurement Institute

Finance & Procurement Intensive

Register Now

Date:

2009-09-28 to 2009-09-30

THE FINANCE & PROCUREMENT INTENSIVE™

A Powerful Partnership for Corporate Success in Today’s Business Environment

Finance & Procurement are ‘brothers in arms’ sharing the common goal of improving the corporation’s bottom line. In the last decade, as procurement has become increasingly recognised as a highly strategic function critical to a corporation’s success, so too is the recognition that these two functions must work in a more integrated fashion in order to achieve their business objectives successfully . In the wake of the recent credit crisis and consecutive economic downturn, ensuring that procurement and finance work together at getting it right is even more critical!

Finance and Procurement are on the same page but the language each uses differs greatly. In keeping withCPI’s Integrated Approach to Procurement Education The Finance and Procurement Intensive™ will empower finance and procurement professionals to bridge this gap and provide the best practice template and critical steps for successfully creating a common platform for both functions to align its activities, goals and objectives in the best interest of their corporation.

Procurement Professionals

will learn:

Finance Professionals

will learn:

ü The language of finance including effective analysis of financial statements including the application of financial information on your business

ü Fundamental accounting perspectives including the difference between Financial and Management Accounting, accounting standards and their role, difference between expenses and capital expenditures, cash flow vs cost based accounting and the impact of depreciation

ü The use and application of financial ratios in assessing financial risk

ü Financial Risk Management including understanding the risk presented by (excess) debt, and the need for proper financial forecasting

ü Internal vs External sources of Finance.

ü How to do effective supplier assessments.

ü Proven Audit Tools for monitoring and control, reporting and effective budgeting

ü Pricing components and strategies.

ü How to use budgets and business plans

ü Strategies to bridge the trust and credibility gap with your CFO

ü Critical Steps for successfully aligning Procurement and Finance in your organisation.

ü The language of procurement including an appreciation of the transformations taking place in the field of procurement over the last decade.

ü How to develop a formal methodology to measure savings generated by your procurement department

ü How to analyse and effectively drive procurement savings in your organization

ü The effective use of technology to align and optimize the procurement function and usage of corporate performance management solutions/measurement systems

ü How to develop an effective knowledge management system for your procurement department

ü How to optimize the procurement function through process rigor and effective integration with enterprise wide processes eg ERP

ü How to eradicate leakage between the tender, contract negotiation, execution and management stages of the procurement cycle

ü Strategies to bridge the language and knowledge gap with your CPO

ü Critical Steps for successfully aligning Finance and Procurement in your organisation.

This is a MUST attend for both finance and procurement professionals to appreciate the best way to align these two functions in the context of the present global business environment. Exhilarating case studies and workshop activities are included in this three day offering.

“The degree of interaction between procurement and finance is an issue for both functions to address. Finance has a fiduciary responsibility to support procurement and procurement needs a strong partner in finance if it is going to achieve its objectives. Today's business environment makes these two groups natural allies, yet only 6% of enterprises have a dedicated finance resource assigned to procurement”. Aberdeen Group Report 2007, A CFO’s view of Procurement.

The Course Director, Dr. Erik L. Van Dijk is a leading Financial Procurement and Risk Management Expert and former associate professor at the Free University in Amsterdam, Netherlands. He has worked closely with Nobel Prize Laureate Harry Markowitz "the inventor of modern risk management" and has developed the world reknowned Markowitz-Van Dijk Optimization Model for risk and investment management which has been included in finance & investment courses at the CFA Institute. Dr. Van Dijk is published in over 100 academic, professional journals and texts. He is a sought after speaker at international conferences and seminars and has taught the CFA courses and lectures in Economics and Finance in Turkey, Australia, Netherlands, Belgium and the United States.

All registered members of CAPP are entitled to a 10% discount on all of the Institute's offerings. If you are not yet a registered member of CAPP, register now by sending an email to info@caribbeanprocurementinstitute.com or call Onika Wellington at the contact numbers listed below.

1 868 624 4997

Note if participants qualify for more than one CPI discount, only one will apply.

[Back to Top]