Finance for Purchasing Managers

Understanding the Financial Impact of Buying Decisions
Neuauflage 2013
ISBN: 978-0-566-09171-1
Verlag: Taylor & Francis Ltd

Buch, Englisch, 298 Seiten, Format (B × H): 178 mm x 248 mm, Gewicht: 800 g

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.

Autoren/Hrsg.

France, Richard

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Einkauf, Logistik, Supply-Chain-Management

Inhaltsverzeichnis

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

Über Autor(innen)

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.