Adding Value through Procurement
What you'll learn
Analyze internal spend and supply market dynamics to provide a foundation for sourcing plans
Execute different sourcing strategies to optimize savings and ensure supply security
Identify appropriate suppliers for effective execution of sourcing plans
Describe operational and strategic procurement processes for better value
Manage performance of procurement processes for continuous improvement
Warehouse Operations and Management
What you'll learn
Explain the challenges, objectives and functions of warehousing
Perform ABC inventory classification and cycle counting and calculate record accuracy and discrepancies
Describe the different types of storage and material handling systems
Improve supervisory skills and deal more effectively with warehouse staff issues
Develop better skills for housekeeping and safety within the warehouse
Measure warehouse productivity using the right Key Performance Indicators (KPIs) and conduct a scientific audit of the warehouse
Certified Procurement Professional (CPP)
What you'll learn
Identify the important organizational role of the procurement department
Use proper negotiation techniques with suppliers
Evaluate the performance of the department at the macro level
Decide how to choose the best suppliers for their operations
Apply the latest innovative procurement techniques for the 21st Century
Purchasing Management and Cost Saving Techniques
What you'll learn
Define the strategic role of the purchasing department
Perform accurate supplier evaluation
Develop effective negotiation strategies with all suppliers
Explain the importance of value analysis to purchasing
Evaluate the performance of the department using proper Key Performance Indicators (KPIs)
Improve the efficiency of the purchasing department
Logistics Management
What you'll learn
Recognize modern supply chain and logistics trends as a basis for sustainable performance
Describe the role of transportation in logistics and identify opportunities for operational improvement
Identify the role of warehousing, focusing on operational throughput and performance optimization
Employ effective techniques for optimizing inventory
Apply the Supply Chain Operations Reference (SCOR) framework to manage strategic, operational and tactical facets of logistics
Supply Chain Operations: Principles for Continuity and Sustainability
What you'll learn
Identify the foundations of strong supply chains for continuity and sustainable operations
Outline supply chain design practices for optimum performance
Engage in continuity planning to manage supply chain interruptions
Develop stakeholder engagement strategies to improve supply stream resilience
Recognize ethical, sustainability and responsibility practices as a backbone for strong supply chains
Inventory and Supply Chain Management
What you'll learn
Describe the objectives and functions of inventory and supply chain management (stock control, purchasing, stores and physical distribution) and explain how they relate to each other
Categorize stock items based on the ABC classification model
Calculate future demand for different stock items
Identify Reorder Points (ROP), Economic Order Quantity (EOQ) and Safety Stocks (SS) for different stock items
Apply the basic purchasing processes and use Incoterms appropriately
Identify best practices in warehouses to maintain accurate inventory records
List the various transportation functions and costs
Finance for Non-Finance Professionals
What you'll learn
Define the four key financial statements: balance sheet, income statement, cash flow, and changes in owner equity, as well as critical financial terms such as profit, margins, and leverage
Interpret the financial health and condition of a company, division, or responsibility center and use financial information for management and evaluation
Prepare an operating budget and relate it to the organization's strategic objectives
Apply capital budgeting techniques to evaluate long-term decisions in projects and capital expenditures
Use cost behavior concepts to calculate breakeven point and enhance short-term decision making
Balanced Score Card
What you'll learn
Explain the benefits and importance of a Strategy Focused Organization (SFO)
Develop a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis, vision and mission statements and strategic goals for their organization or department
Use 'SMART' objectives and key performance indicators to track the performance and productivity at all levels in their organizations
Apply the approach of best-in-class benchmarking technique to set targets for each KPI
Design a balanced scorecard based on the Kaplan and Norton model
Mastering Accounting and Finance Operations
What you'll learn
Analytical skills
Accounts payable management
Accounting and managing accounts receivables and inventory
Preparing financial statements
Budgeting
Excel reporting and analysis
Accounting and Finance Policies and Procedures
What you'll learn
Designing policies and procedures
Understanding business cycles
Applying financial policies
Preparing accounting procedures
Segregating employee tasks
Implementing internal controls
Developing accounting systems
Complying with International Financial Reporting Standards (IFRS)
Professional Finance and Accounting Skills
What you'll learn
Identify the relationship between the various financial statements
Explain the characteristics of 'delegation' and apply various personal organization management techniques
Evaluate skills and attitudes of finance staff and identify their communication personality styles
Practice some of the essential Excel skills to increase efficiency and productivity
Apply finance policies and procedures to add value and communicate effectively with other departments
International Financial Reporting Standards IFRS
What you'll learn
Become aware of the case for Corporate Governance and International Financial Reporting Standards
Identify the creative accounting methods adopted by companies when preparing their financial statements
Appreciate the Lessons Learnt from accounting scandals such as the Enron and World Com cases
Gain an understanding of the Structure of IFRS
Become aware of the adoption of IFRS, Current Issues/IFRS Convergence Projects and the Problems of Convergence
Present Financial Statements under IFRS
Balance sheet: statement of financial position
Income statement: statement of comprehensive income
Cash flow statement: statement of cash flows
Statement of changes in equity
Statement of recognized income or expense ("SORIE")
Notes, including a Summary of the Significant Accounting Policies
Gain an understanding of the major IFRS
Evaluate and analyze financial statements and the impact of IFRS
Financial Analysis, Modelling & Forecasting
What you'll learn
Develop the basics of strategic financial planning
Apply the latest financial analysis techniques
Use the tools of finance, such as the time value of money
Determine key performance indicators to manage the drivers of business success
Create tools to use within their own business
Identify the key steps in developing a financial model
Analyze a company’s annual report identifying key performance indicators to understand what the numbers are saying and make projections of future performance
Understand the theory of interest and the time value of money and their applications
Develop an Economic Value-Added model to see the organization from the shareholders’ perspective
Extend the benefit of Capital Investment
Learn how to use Excel tools such as Solver, Goal Seeker, and Scenario
Impact upon shareholder value
Develop greater confidence in discussing financial strategy
Advanced Cash Flow & Working Capital Management
What you'll learn
Understand the fundamentals of effective management of cash flow, including the optimization of the level of working capital.
Develop practical experience of how to manage cash flow and optimize working capital to facilitate such delivery in real-life business situations.
Increase personal financial skill levels.
Develop confidence through understanding the major drivers of successful financial performance.
Learn many technical skills, all of which lead to the ability to calculate the required figures and implement them into value-adding business decisions.
Understand balance sheets and profit-and-loss statements.
Understand the importance of cash as the lifeblood of a business.
Understand how to control and manage the cash flow of a business.
Forecast cash flows and draft a cash budget.
Evaluate projects based on their expected cash flows.
Incorporate risk into financial decisions.