Type(s): In house training, Toolbox training
Target group(s): Occasional buyers, Professional Purchasers, Project Managers
Trainer(s): Philip Meyers
Duration: 1 day
This training gives purchasers an insight in the basics of the techniques of “Analysis of Financial Statements”.
Supplier (Quality) Auditors
Any employee involved in analyzing a supplier’s financial situation
Buyers often need a better insight in a supplier’s financial situation.
This can be the case during a sourcing process, when the financial health of a company is crucial to determine whether a supplier is fit to be shortlisted.
During the preparation of a negotiation, buyers will collect a lot of information from the supplier’s Financial Statement which will help them to build a negotiation strategy, and use the appropriate arguments during the negotiation.
This training will introduce analysis techniques from the above points of view: fitness of a candidate supplier, and building a negotiation strategy.
This training offers some very practical hands-on techniques to get an idea of:
The annual report
• Balance sheet
• Profit & Loss account
• Social Statement
• Current ratio
• Quick ratio
• Working capital
• Days sales outstanding
• Days Payable outstanding
• Inventory Turnover
• Solvability ratio
• Long term debt ratio
• Cash flow
• Net profit margin
• Operation profit margin
• Gross profit margin
All participants will be asked to download a supplier’s balance sheet prior to attending the training. During the training everybody will analyze this financial statement as a real life case.
Every participant will receive a USB stick with templates to help them to start doing their own financial analyses.