Finance for Purchasing Managers: Understanding the Financial Impact of Buying Decisions

Finance for Purchasing Managers: Understanding the Financial Impact of Buying Decisions

by Richard France

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Overview

Richard France explores four strategic areas of expertise required of a buyer in today's environment: Financial analysis of suppliers - this includes understanding the financial aspects of a buyer's own organisation as well as analysing key suppliers and how to use information to gain a negotiating edge. Pricing, costing and cost modelling - including costing methods and their application and how an understanding of these can give a buyer a greater understanding when dealing with supplier quotations. Managing resources - including budgeting and sources of finance. This shows how budgets are drawn up and the importance of understanding the implications of the buyer’s decisions on a supplier’s cash flow forecast. Capital and revenue purchasing decisions and techniques - covering standard investment appraisal techniques and how these can be used for deciding on the best deal from a choice of suppliers for both capital items as well as a standard long term parts supply contract.

Product Details

ISBN-13: 9781409464204
Publisher: Ashgate Publishing Ltd
Publication date: 12/28/2013
Sold by: Barnes & Noble
Format: NOOK Book
File size: 6 MB

About the Author

Richard France is a Chartered Accountant (FCA) with an MBA and has been in training and consultancy for over 20 years. He has worked in his own company, supplying both financial consultancy and training as well as for PMMS Consulting Group Ltd., a specialist purchasing consultancy, supplying financial training for buyers in large and medium sized organisations. He is currently a senior lecturer at Manchester Metropolitan University.

Table of Contents

Contents: Preface; Part I Financial Analysis of Suppliers: The role of finance from a purchasing perspective; Types of organisation, the main accounting statements and their primary use; Income statements; Balance sheet - statement of financial position; Cash flow statements; Interpretation of accounts; Sources of information to be used in costing and negotiation. Part II Costing, Pricing and Cost Modelling: Introduction to costing; Absorption costing; Activity based costing; Costing for decision making; Supplier pricing options; Cost modelling. Part III Managing Resources: Budgetary process and budgetary control - a buyer’s perspective - public sector issues; Corporate planning and budgetary control; Managing finance - short term; Managing finance - long term. Part IV Long Term Capital and Revenue Purchasing Decisions and Techniques: What is capital investment appraisal?; Steps in investment appraisal; Techniques of appraisal; Appendix; Glossary of terms; Reading list; Index.


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