Financials & Cost Analysis

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.

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