Finance for purchasing managers: understanding the financial impact of buying decisions
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Bibliographic Details
Main Author: France, Richard, (Accountant) (Author)
Format: Electronic eBook
Language:English
Published: Farnham, Surrey Gower [2013]
Subjects:
Online Access:Volltext
Item Description:Includes bibliographical references and index
Managers involved at a senior level in the purchasing function 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. This book explores four key 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 plus 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 buyers a greater understanding when dealing with supplier quotations; managing resources - including budgeting, sources of finance, and understanding the implications of the buyer's decisions on a supplier's cash flow forecast; and 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. The book may be used to support the CIPS Level 6 Course 'Finance for Purchasers' but also offers a readable and practical guide for those at a senior level in purchasing whether in the public or private sector
Part I. Financial analysis of suppliers -- part II. Costing, pricing and cost modelling -- part III. Managing resources -- part IV. Long-term capital and revenue purchasing decisions and techniques
Physical Description:1 Online-Ressource
ISBN:9781409464198
1409464199
9780566091711
0566091712
9781409464204
1409464202

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