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Finance & Economics for the Purchasing Professional
This 2-day seminar is unique in the industry. Other seminar providers only offer Finance, but BayanTrade realized this is inadequate for the needs of the modern Purchasing professional. Hence, we are proud to offer is 2 topic seminar. It will provide Purchasing Buyers, Supervisors, Managers or even Executives, the basic knowledge in Finance & Economics required by Purchasing practitioners – Financial functions, trends, understanding Financial Statements, Financial analysis, relating financial analysis to Vendor Accreditation, Financial Tools for Capital Expenditures decision including factors which distort Financial Statements and finally tips on financial analysis. The seminar even includes a workshop where participants apply the concepts in an actual case of financial analysis.
Economics concepts will be discussed in the 2nd day and includes – definitions, market analysis, demand and supply analysis including demand/supply shifts, elasticity concepts and its effects on commodity price, market period analysis, market structures – perfect competition, differentiated, oligopoly and monopoly. It also includes a detailed discussion on monopolies – its causes, prevention strategies and buyer counter strategies to exploitative monopoly. The last section focuses on economic issues commonly encountered by Purchasing professionals – inflation, deflation, forex devaluation, supply shortages, etc. including counter strategies against the aforementioned issues.
This a most complete and very relevant seminar in Finance & Economics that every Purchasing professional needs in order to succeed in their profession!
To know more about BayanTrade's In-house seminars, please email
marketing@bayantrade.com. |
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