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Finance for Purchasing Managers

Finance for Purchasing Managers
Author: Richard France
Publisher: CRC Press
Total Pages: 269
Release: 2016-04-15
Genre: Business & Economics
ISBN: 1317135156

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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 buyer's language and interpretation. Richard France 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 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. Finally, 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. Finance for Purchasing Managers 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.


Finance for Purchasing Managers

Finance for Purchasing Managers
Author: Richard France
Publisher: CRC Press
Total Pages: 297
Release: 2016-04-15
Genre: Business & Economics
ISBN: 1317135164

Download Finance for Purchasing Managers Book in PDF, ePub and Kindle

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 buyer's language and interpretation. Richard France 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 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. Finally, 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. Finance for Purchasing Managers 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.


Purchasing and Financial Management of Information Technology

Purchasing and Financial Management of Information Technology
Author: Frank Bannister
Publisher: Routledge
Total Pages: 386
Release: 2012-06-25
Genre: Business & Economics
ISBN: 1136370633

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Purchasing and Financial Management of Information Technology aims to significantly reduce the amount of money wasted on IT by providing readers with a comprehensive guide to all aspects of planning, managing and controlling IT purchasing and finance. Starting from a recognition that IT purchasing and the financial management often needs to be treated differently from other types of expenditure, the author draws on over 25 years of experience in the field to provide readers with useful mixture of good procedures and common sense rules that have been tried, tested and found to work. Many of these are illustrated by case histories, each with a moral or a lesson. Purchasing and Financial Management of Information Technology provides useful guidelines and advice on whole range of topics including: * IT acquisitions policy * Dealing with suppliers * Budgeting and cost control * IT cost and risk management * Specification, selection and evaluation of systems * IT value for money


Purchasing and Financial Management of Information Technology

Purchasing and Financial Management of Information Technology
Author: Frank Bannister
Publisher: Routledge
Total Pages: 384
Release: 2012-06-25
Genre: Business & Economics
ISBN: 1136370641

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Purchasing and Financial Management of Information Technology aims to significantly reduce the amount of money wasted on IT by providing readers with a comprehensive guide to all aspects of planning, managing and controlling IT purchasing and finance. Starting from a recognition that IT purchasing and the financial management often needs to be treated differently from other types of expenditure, the author draws on over 25 years of experience in the field to provide readers with useful mixture of good procedures and common sense rules that have been tried, tested and found to work. Many of these are illustrated by case histories, each with a moral or a lesson. Purchasing and Financial Management of Information Technology provides useful guidelines and advice on whole range of topics including: * IT acquisitions policy * Dealing with suppliers * Budgeting and cost control * IT cost and risk management * Specification, selection and evaluation of systems * IT value for money


Gower Handbook of Purchasing Management

Gower Handbook of Purchasing Management
Author: Marc Day
Publisher: Taylor & Francis
Total Pages: 418
Release: 2024-07-01
Genre: Business & Economics
ISBN: 1040096581

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Originally published in 2002, the revised third edition of the Gower Handbook of Purchasing and Supply Management views procurement as standing on the boundary of the firm, looking outwards and scanning the environment for new opportunities and threats. In this respect, as in many others, the new edition is quite different from the previous two, reflecting the many changes that have taken place for businesses over the years. In particular this edition has been slimmed down and focused to assist the reader by working systematically outwards using a purchasing lens to view the wider business world. The aim is to show the potential contribution that purchasing can make as a driver for organizational efficiency and business development. It is this latter requirement, the need for purchasing to generate revenue, that has been identified as being ever more prominent as a demand on purchasing directors’ time and effort. The book is now split into three sections. Part I lays the foundations for building the organization of purchasing in a corporate environment. Part II overlays further applications on the foundations of purchasing organization. The assumption is made that the purchasing activities of a firm are proactive in outlook, gathering knowledge and measuring their current corporate purchasing performance, while also looking to generate revenues for the business. Finally, Part III provides case studies which bring to life some of the learning achieved through the framework laid out in the previous parts. Written by leading practitioners and academics, and published in association with The Chartered Institute of Purchasing and Supply.


Supply Chain Financial Management

Supply Chain Financial Management
Author: Robert J. Trent
Publisher:
Total Pages: 0
Release: 2015-11
Genre: Business & Economics
ISBN: 9781604271164

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Readers will gain the financial perspective of their primary responsibilities of effectively managing working capital and inventory investments, evaluating and selecting suppliers, developing supplier performance capabilities, managing costs across the supply chain, and sourcing internationally. Designed for self-learning, training, and course instruction, this book shows readers how to apply financial thinking, concepts, tools, and approaches to their SCM activities to better understand and manage them, as well as the way in which to present the impact of their performance results in financial terms that corporate executives and finance professionals understand and care most about. It bridges the gap between theory and application, and the divide between SCM and finance to meet the next level of demands of the global marketplace for improved performance and competitive advantage. --


Principles of Managerial Finance

Principles of Managerial Finance
Author: Lawrence J Gitman
Publisher: Pearson Higher Education AU
Total Pages: 895
Release: 2015-05-20
Genre: Business & Economics
ISBN: 144253642X

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Once again, Principles of Managerial Finance brings you a user friendly text with strong pedagogical features and an easy-to-understand writing style. The new edition continues to provide a proven learning system that integrates pedagogy with concepts and practical applications, making it the perfect learning tool for today’s students. The book concentrates on the concepts, techniques and practices that are needed to make key financial decisions in an increasingly competitive business environment. Not only does this text provide a strong basis for further studies of Managerial Finance, but it also incorporates a personal finance perspective. The effect is that students gain a greater understanding of finance as a whole and how it affects their day-to-day lives; it answers the question “Why does finance matter to ME?” By providing a balance of managerial and personal finance perspectives, clear exposition, comprehensive content, and a broad range of support resources, Principles of Managerial Finance will continue to be the preferred choice for many introductory finance courses.


Materials & Financial Management

Materials & Financial Management
Author: C.M. Sadiwala
Publisher: New Age International
Total Pages: 15
Release: 2007
Genre: Business logistics
ISBN: 8122420338

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This book is a textbook for B.E. and B. Tech. students of Mechanical, Production and Industrial Engineering disciplines. It is also required as textbook for M. Tech. (Production), Industrial Engineering and Industrial Design and M.B.A. and M.C.A. students. Materials are needed in every organization for their production and service activities. Cost is acquired to procure or purchase these materials. Materials and Financial Management is the activity of every organisation for managing these resources which are related to planning, procuring or purchasing, storing and providing appropriate mate.


Financial Management for Local Government

Financial Management for Local Government
Author: Kay Spearman
Publisher: Routledge
Total Pages: 1266
Release: 2019-08-08
Genre: Political Science
ISBN: 1136565817

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This series is designed to cover all aspects of sound financial management for local governments in developed and developing countries and economies in transition. Concepts of good governance, transparency and accountability are woven into the text of every chapter, and the needs and potential obstacles to greater decentralization and democracy are highlighted. Each volume is self-contained with its own Trainer's Guide, exercises and web resources. Chapters are divided into basic and advanced concepts and the detailed relationship of each topic to the others covered in the series is explained.


Supply Chain Management For Dummies

Supply Chain Management For Dummies
Author: Daniel Stanton
Publisher: John Wiley & Sons
Total Pages: 360
Release: 2017-11-29
Genre: Business & Economics
ISBN: 1119410193

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Everyone can impact the supply chain Supply Chain Management For Dummies helps you connect the dots between things like purchasing, logistics, and operations to see how the big picture is affected by seemingly isolated inefficiencies. Your business is a system, made of many moving parts that must synchronize to most efficiently meet the needs of your customers—and your shareholders. Interruptions in one area ripple throughout the entire operation, disrupting the careful coordination that makes businesses successful; that's where supply chain management (SCM) comes in. SCM means different things to different people, and many different models exist to meet the needs of different industries. This book focuses on the broadly-applicable Supply Chain Operations Reference (SCOR) Model: Plan, Source, Make, Deliver, Return, and Enable, to describe the basic techniques and key concepts that keep businesses running smoothly. Whether you're in sales, HR, or product development, the decisions you make every day can impact the supply chain. This book shows you how to factor broader impact into your decision making process based on your place in the system. Improve processes by determining your metrics Choose the right software and implement appropriate automation Evaluate and mitigate risks at all steps in the supply chain Help your business function as a system to more effectively meet customer needs We tend to think of the supply chain as suppliers, logistics, and warehousing—but it's so much more than that. Every single person in your organization, from the mailroom to the C-suite, can work to enhance or hinder the flow. Supply Chain Management For Dummies shows you what you need to know to make sure your impact leads to positive outcomes.