Certificate In Financial Tools In Procurement

Certificate In Financial Tools In Procurement

26 – 29 January 2014* Kempinski Hotel, Mall of the Emirates, Dubai, UAE 31 August – 3 September 2014 The Address Hotel, Dubai Marina, Dubai, UAE

The Key Financial Skills All Procurement Professionals Must Have

Top 4 Benefits Of Attending 1. Understand the scope, methodology and language of the finance function 2. Use financial tools to help you make appropriate buying decisions 3. Select and apply appropriate figures for different purposes, such as appraisal of suppliers, capital projects and decision-making 4. Present yourself and your decisions more credibly to your colleagues

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Book and pay NOW and bring your colleague for FREE on this course Only valid for January dates* See last page for details

www.iirme.com/procurementfinance

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About Your Expert Course Director

The George Washington University School of Business, IIR Middle East’s Academic Partner, is dedicated to excellence: in its teaching and research about management, in the public and private sectors, within the United States and internationally.

The school has a 75 year history of preparing men and women for leadership in both the public and private sectors. Known internationally for its dedication to academic excellence, the school draws students from all parts of the United States and around the world.

Beyond first class teaching and scholarship, the school’s faculty offers practical experience in the issues and challenges confronting business and government. Its research centres link faculty and students with US and international business and government organisations. Recent distance learning initiatives have expanded the school’s global reach.

Course Requirements And Certificates Delegates must meet two criteria to be eligible for an IIRME/GW Certificate of Completion for a course: 1. Satisfactory attendance – delegates must attend all sessions of the course. Delegates who miss more than 2 hours of the course sessions will not be eligible to sit the course assessment.

2. Successful completion of the course assessment.

Delegates who do not meet these criteria will receive an IIRME Certificate of Attendance. If delegates have not attended all sessions, the Certificate will clearly state the number of hours attended.

Who Should Attend?

This course is a must-attend event for: • Supply Chain Managers • Procurement Managers • Senior Buyers • Contract Managers

“Important methods, technology and techniques were covered well to give us an understanding of the full picture.”

Muhannad Said Al Shanfari, Contract and Purchasing Assistant, Salalah Methanol Company, Oman

“I learnt a lot of skills that I can share with my department.”

Ian Moody BSc, MBA Ian has over 30 years of business experience ranging from senior management positions in such companies as Ericsson to founding and selling his own companies. Ian designs and delivers training programmes globally with particular attention to the GCC nations.

He works in many fields including both accredited and non accredited courses for example: • CIPS • ACCA • CIM

• Financial skills • Leadership skills • Personal development skills

Ian divides his time equally between the Middle East and the UK. In the UK Ian is a lead professor at London Met University and the University of West London specialising in working with students to gain their membership to the Chartered Institute of Purchasing and Supply.

Course Overview This course will provide you with a solid foundation in the principles of finance as they apply in the real world, without resorting to jargon. You will develop an understanding of how finance works in business, how finance measures performance, how financial decisions impact upon performance. You will be able to use your financial skills to drive your business forward.

Course Methodology Using a series of case studies, business games and group discussions, this course provides a practical and hands-on approach to financial tools as they apply to procurement professionals.

“Ian has extensive information in the subject and is highly experienced. He used different ways to make the course material clear and understandable.”

Hamza Salim Al Rawas, Procurement Specialist, Salalah Methanol Company, Oman

“Ian is very well informed about the subject. He knows exactly what he’s talking about. He was always to the point when asked a question and kept the course interesting. He displayed a clear understanding of all aspects of the course.”

Abdul Wahab Al Qatami, Vice President, Faisal Al Qatami Steel Co WLL, Kuwait

Would you like to run this course in-house?

Hussam Ahmed Al Shanfari, Procurement Specialist, Salalah Methanol Company, Oman

“Our trainer Ian Moody showed deep knowledge and experience.The way he transferred his knowledge through examples and real time experience was very professional.”

Ahmad Hariri, Supplier Affairs, Saudi Oger Ltd, KSA

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

T: +971 4 335 2437 F: +971 4 335 2438 E: register@iirme.com W: www.iirme.com/procurementfinance

26 – 29 January 2014* Kempinski Hotel, Mall of the Emirates, Dubai, UAE 31 August – 3 September 2014 The Address Hotel, Dubai Marina, Dubai, UAE

Certificate In Financial Tools In Procurement

Course Timings: Registration will be at 07:30 on Day One. Course sessions will start promptly at 08:00 and end at 14:30. There will be two short breaks for refreshments and lunch will be served at the end of each day’s sessions.

Day One Financial Management Tools Assess the importance of Corporate Governance, regulation and Corporate Social Responsibility (CSR) and sustainability in relation to economic performance and value creation • Examples of CSR and sustainability in practice • Importance of CSR and sustainability to customer satisfaction • Contemporary developments in the area of CSR and sustainability • Understand and use the terminology associated with finance and accounting • Accounting standards and their role • International issues in accounting standards • Effects of the convergence of accounting standards and practices Identify which goods and services can be categorised as capital and which will be expense items • Capital items – plant and equipment, building vehicles, high value office equipment, construction • Expense items – cleaning materials, stationery, office supplies, consumables, cleaning services, services contracts Understand a range of forecasting methods • Averages • Moving weighted averages • Economic Order Quantity (EOQ) • Schedule methods

Financial And Non-Financial Factors In Decision-Making • • • • •

Analyse key financial statements to inform decisions Profit and loss accounts/income statements Balance sheet Cash flow statement Five-year summary

Day Two Financial And Non-Financial Factors In Decision-Making (continued) Use contribution analysis and marginal costing to evaluate a range of decision-making situations • Cost-volume-profit and break-even analysis • Make or buy decisions • Deciding on product range • The analysis and most profitable use of limiting factors

Sources Of Finance Available For Business And Major Capital Acquisitions And Projects •

Analyse the use of the different types of expenditure: - Capital expenditure (CapEx) - Operational expenditure (OpEx) - Public sector expenditure

Day Three Sources Of Finance Available For Business And Major Capital Acquisitions And Projects (continued) Evaluate and select sources of finance to assess funds for capital acquisitions and projects • Retained profit

• • • • • • • • • • • •

Sale of assets Factoring Grants Venture capital PPP/PFI Public borrowing for public sector (central banks and departments of finance) Controlling working capital Overdrafts Debentures Share issues Bank loans – medium or long term Leasing

Effective Capital Purchasing Plans Evaluate the nature and importance of investment decision-making for home and international markets • Accounting Rate Of Return (ARR) • Discounted Cash Flow (DCF) • Internal Rate Of Return (IRR) • The impact of depreciation on running costs • Payback Period (PP) • Net Present Value (NPV) • Opportunity costs of capital

Day Four Effective Capital Purchasing Plans (continued) Assess the impact of external factors upon the decision-making process and how these might be factored into the modeling and ultimate business case • Inflation • Customs and excise • Taxation • Exchange rates and currency management • Social and political factors • CSR and sustainability • PESTLE and regulatory factors

Financial Risk In Procurement Assess the different types of risk and their impact on: • Suppliers • Own organisation • Customers Carry out a financial appraisal and risk analysis of suppliers, your own organisation, and customers, using a range of financial performance ratios: • Profitability ratios • Efficiency ratios • Liquidity ratios • Investment ratios Evaluate and select financial risk management options • Debt • Futures and derivatives • Insurance

T: +971 4 335 2437 F: +971 4 335 2438 E: register@iirme.com W: www.iirme.com/procurementfinance

Certificate In Financial Tools In Procurement

26 – 29 January 2014* Kempinski Hotel, Mall of the Emirates, Dubai, UAE 31 August – 3 September 2014 The Address Hotel, Dubai Marina, Dubai, UAE

FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 9428 Dubai, UAE

+971 4 335 2437 +971 4 335 2438 register@iirme.com

www.iirme.com/procurementfinance

DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com BC5181/BC5182

Event

Course Fee Before 10 November 2013*

Course Fee Before 1 December 2013*

Final Fee*

Certificate In Financial Tools In Procurement (BC5181) 26 – 29 January 2014

US$ 3,895

US$ 4,395

US$ 4,695

Event

Course Fee Before 15 June 2014

Course Fee Before 6 July 2014

Final Fee

Certificate In Financial Tools In Procurement (BC5182) 31 August – 3 September 2014

US$ 3,895

US$ 4,395

US$ 4,695

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions and successfully complete the course assessment will receive an IIRME/GW Certificate of Completion. *Book and pay NOW and bring your colleague for FREE on this course. Only applicable for January 2014 course

All registrations are subject to our terms and conditions which are available at www.iirme.com/terms. Please read them as they include important information. By submitting your registration you agree to be bound by the terms and conditions in full.

DELEGATE DETAILS

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A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

Credit card payment If you would like to pay by credit card, please tick here and a member of our team will contact you to take the details

Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge.

Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Kempinski Hotel, Mall of the Emirates, Dubai, UAE Tel: +971 4 341 0000 The Address Hotel, Dubai Marina, Dubai, UAE Tel: +971 4 436 7777 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 407 2517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

SN/MB IS264803 Procurement

LR

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