Finance and Procurement Management Training in Amman

Finance and Procurement Management Training in Amman 2024

Program Overview

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.

The right combination of Financial and Procurement Management tools is crucial for the success of any organization. Finance and Procurement Management Training in Amman, Jordan has been exclusively designed to give you the right mix of knowledge from both areas and skills you need to align business strategies and operations while improving your financial status and business performance.

Target Audience

This program is the best suit for:

  • Finance and Procurement Executives, Senior Managers, Procurement & Finance Managers and Professional staff from related functions
  • Junior, Senior and Mid-Level Supply Chain Managers and Executives
  • Manufacturing Managers
  • Procurement Leads and Officers
  • Vendor and Product Evaluation Managers
  • Purchasing Managers and Specialists
  • Sourcing Professionals

Program Objectives

Upon the successful completion of this workshop, its participants shall be able to:

  • 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
  • Control the flow of money through their departments
  • Understand the budgeting process and forecasting techniques
  • Manage their own budget and inventory
  • Confidently discuss and use financial information
  • Understand financial jargon
  • Read and analyze a set of accounts
  • 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
  • Use IT systems effectively to assess supplier performance
  • Work across functions to improve all aspects of procurement service to its customers
  • Understand the training needs of procurement personnel
  • Build a motivated and effective procurement team

Finance and Procurement Management Training Contents

  • 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
  • Investment Planning
  • Risk Management
  • Inventory Management
  • Reporting and Accountability
  • The role of procurement in the organization
  • Developing supplier relationships
  • Reviewing supplier performance
  • Managing the tendering process
  • Negotiating contract with suppliers
  • Understanding the needs of the users of procurement services
  • Contract documentation
  • Rationalizing the supplier base
  • IT systems in procurement
  • Detecting fraud
  • Training needs of procurement personnel

Program Methodology

Finance and Procurement Management Training in Amman, Jordan will be conducted using contemporary adult-learning tools and techniques. To enhance participants’ comprehension and encourage instant practical appliance of the material covered, the presenter will focus on numerous pragmatic exercises, scenario imitations, video demonstrations, open discussions, and case studies. Each day will be finalized with attendees giving feedback. Such arrangement serves to support the unique requirements of each delegate and ensure the highest level of program performance.

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