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Finance for the Supply Management Professional

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Seminar #4519
June 5 - 7, 2012
Dallas, TX

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Overview

Explore proven decision-making tools and financial techniques. Learn to communicate the quantitative contributions made by supply management. Apply financial practices to the supply management process and effectively evaluate your suppliers.

Be sure to bring your calculator and a laptop is highly recommended.

Who Should Attend

Supply management professionals who want to better understand the relationship between finance and procurement.

You Will Learn...
  • Nine critical elements of the 3 primary financial statements & their inter-relationship
  • Eight categories of ratios to improve your analysis
  • Three inputs to calculate the Economic Order Quantity (EOQ)
  • How to effectively evaluate suppliers' financial status
  • How to apply modern financial practices to purchasing
  • Six different value formulas to optimize decision-making on capital projects
  • Three key arguments for calculating the benefit of offering/taking a discount
You Will Earn...

21 continuing education hours
Course Outline
  1. Introduction to finance; Finance defined; Basic financial statements; Financial environment and procurement's position; Roles and skills involved; Purchasing's impact on financial statements
  2. Financial framework and analysis tools; Management views and perspective; Procurement financial information model; Procurement planning, forecasting and budgeting; Opportunity and risk analysis
  3. Revenue and cost relationship analysis; Ratio analysis; Breakeven analysis; Cost accounting; Activity based costing/management; Economic profit and the use of value-based tools such as Economic Profit, ABC and Modeling
  4. Capital expenditure process; Capital analysis; Cost of capital; Financial return analysis; Non-discounting techniques; Discounting techniques; Economic profit and evaluating up and down
  5. Cash flow analysis; Dynamics of cash flow; Cash management; Statement of cash flow; Cash forecasting; Supplier analysis
  6. Procurement ratios and formulas; Discount terms; Payment terms; Markups and markdowns; Inventory carrying cost
  7. Finance and accounting relationship; Understanding finance and accounting; Methods and impact; Principles versus practice (theory and practice); Valuation of the organization and understanding the shareholder's expectation

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Hotel Information

Embassy Suites Dallas Love Field
3880 W. Northwest Highway
Dallas, TX 75220
214/357-4500

The discounted room rate of US$139.00 single/double is available until May 13, 2012. Be sure to mention ISM to receive the ISM discounted rate.

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In order to ensure maximum participation interaction and learning, enrollment is limited. Save $200 USD and ensure your spot in the classroom when you register 30 days or more prior to the program start date (not applicable to One-Day programs)

Seminar Hours:
2-Day Seminars
First Day: 8:30 a.m. - 4:30 p.m.
Second Day: 8:30 a.m. - 4:00 p.m.

3-Day Seminars
First Day: 8:30 a.m. - 4:30 p.m.
Second Day: 8:30 a.m. - 4:30 p.m.
Third Day: 8:30 a.m. - 4:00 p.m.

One-Day Seminars:       8:30 a.m. - 4:30 p.m.

Please be sure to read all Seminar Registration Information prior to registering for a course.

If this scheduled date for this seminar does not meet your needs, you can search for other available seminars.

Seminar #4519 Regular Price Member Price
Cost: $1,899.00 $1,599.00
Total: $1,899.00 $1,599.00
Save $300.00 (16%) by joining ISM. Click here to join now.

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* Save USD $200 when you register 30 days or more prior to the program start date (not applicable to One-Day programs). Payment must be received at the time of registration in order to qualify for the early bird discount.