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Finance and Procurement Management Program

By: Cynet East Africa Consultancy

Kenya

22 - 26 Jul, 2024  5 days

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USD 1,050

Get 10.00% off

Venue: Nairobi

Other Dates

Venue Date Fee  
Nairobi, Kenya 13 - 17 May, 2024 USD1050
Nairobi, Kenya 20 - 24 May, 2024 USD1050
Nairobi, Kenya 14 - 18 Oct, 2024 USD1050
Nairobi, Kenya 18 - 22 Nov, 2024 USD1050

Sound Financial Management is the key to organizational sustainability. It provides direction, determines and clarifies accountability, evaluates resources, and delivers essential information for planning, impact assessment, and reporting. The role of financial managers today goes far beyond handling a multitude of daily transactions. You must also help drive company performance by sharing valuable information hidden in transactional data and adapting processes fluidly as business conditions and regulatory environments change. Procurement is a strategic function that enables the organization to improve its profitability through streamlining business processes, reducing material costs, and identifying the most relevant sources of supply. Both for the private and public sectors, procurement plays a crucial role in maximizing the value for money when committing to a certain expenditure.

PROGRAM OBJECTIVES

•Understand the budgeting process and forecasting techniques
•Manage their own budget and inventory
•Confidently discuss and use financial information
•Understand financial jargon
•Assess the financial performance and health of the firm
•Enhance their decision-making skills by understanding financial management concepts
•Assess various software applications for managing finances
•Read and analyze a set of accounts
•Use IT systems effectively to assess supplier performance
•Use basic financial tools
•Set up and manage procurement effectively
•Select suppliers on strict criteria
•Measure supplier performance
•Identify ways to increase procurement effectiveness and efficiency
 
MODULES

Module 1

•Introduction to Financial Management
•Basic Concepts in Finance: Time Value for Money, Financial Statements Quick Overview, Financial Performance Analysis
•Keys to Financial Success
•Financial Planning Principles; Strategic and Operational Financial Planning
•Planning, Budgeting, and Forecasting Tools
•Cash Management

Module 2

•Investment Planning
•Risk Management
•Inventory Management
•Reporting and Accountability
•The role of procurement in the organization
•Developing supplier relationships
•Reviewing supplier performance

Module 3

•Managing the tendering process
•Negotiating contract with suppliers
•Understanding the needs of the users of procurement services
•Contract documentation
•Rationalizing the supplier base

Module 4

•IT systems in procurement
•Detecting fraud
•Training needs of procurement personnel
CERTIFICATION
Upon successful completion of the training, participants will be awarded Cynet East Africa certificate.
N/B
Training will be facilitated by Cynet East Africa Consultancy seasoned trainers.
Nairobi Jul 22 - 26 Jul, 2024
Nairobi, Kenya 13 - 17 May, 2024
Nairobi, Kenya 20 - 24 May, 2024
Nairobi, Kenya 14 - 18 Oct, 2024
Nairobi, Kenya 18 - 22 Nov, 2024
USD 1,050.00
USD 1,050.00
USD 1,050.00
USD 1,050.00
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Janet Cherono/Nancy Kemunto +254 792 972525/+254 204401089