1st Edition
Finance for Purchasing Managers Understanding the Financial Impact of Buying Decisions
By Richard France
Copyright 2013
296 Pages
by
Routledge
298 Pages
by
Routledge
298 Pages
by
Routledge
Also available as eBook on:
Managers involved at a senior level in the purchasing function require very particular financial skills. They need to: analyse the financial health and stability of their suppliers; model different cost and price scenarios; understand and manage budgets; and be comfortable with the financial aspects of capital purchases. Finance for Purchasing Managers is written from this perspective using... Read more
I: Financial Analysis of Suppliers; 1: The Role of Finance from a Purchasing Perspective; 2: Types of Organisation, the Main Accounting Statements and their Primary Use; 3: Income Statements; 4: Balance Sheet �€“ Statement of Financial Position; 5: Cash Flow Statements; 6: Interpretation of Accounts; 7: Sources of Information Used in Costing and Negotiation; II: Costing, Pricing and Cost Modelling; 8: Introduction to Costing; 9: Absorption Costing; 10: Activity Based Costing; 11: Costing for Decision Making; 12: Supplier Pricing Options; 13: Cost Modelling; III: Managing Resources; 14: Budgetary Process and Budgetary Control �€“ a Buyer's Perspective �€“ Public Sector Issues; 15: Corporate Planning and Budgetary Control; 16: Managing Finance �€“ Short Term; 17: Managing Finance �€“ Long Term; IV: Long-term Capital and Revenue Purchasing Decisions and Techniques; 18: What is Capital Investment Appraisal?; 19: Steps in Investment Appraisal; 20: Techniques of Appraisal
Biography
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.
’Professional purchasing people need to understand business finance and costing, frequently as part of an upstream Supplier Appraisal process, but also within existing relationships. As Purchasing moves to be more strategic this is evermore so. This book will be a useful resource for buyers both testing the viability of supplying organisations and also those investigating the sources of cost which Suppliers propose to include within in the goods and services they provide.’ Mike Fogg, FCIPS MIAP MCMI ’This comprehensive guide offers insights at both introductory and advanced levels, appealing to both CPOs and their teams...it is very thorough.’ Supply Business, March 2014
