{"id":9383,"date":"2021-02-03T15:49:40","date_gmt":"2021-02-03T20:49:40","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/?post_type=avada_portfolio&#038;p=9383"},"modified":"2021-04-12T11:17:16","modified_gmt":"2021-04-12T15:17:16","slug":"finance-for-strategic-procurement-advanced","status":"publish","type":"avada_portfolio","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/courses\/finance-for-strategic-procurement-advanced\/","title":{"rendered":"Finance for Strategic Procurement (Advanced)"},"content":{"rendered":"<p>Whether you are selecting a supplier, negotiating payment terms, comparing lease and buy options, or making other typical procurement decisions, there are finance-based approaches that CEOs and CFOs will expect you to be following.\u00a0<em>Finance For Strategic Procurement (Advanced)<\/em>\u00a0will help you apply to your procurement decisions the same financial approaches that CFOs will use to evaluate those decisions. As a result, your decisions will be respected and many potential mistakes will be avoided. Upon completing this course, you will be able to:<\/p>\n<ul>\n<li>Calculate the financial impact of changed payment terms<\/li>\n<li>Understand the financial implications of using P-cards<\/li>\n<li>Avoid payment pitfalls, such as those involving approval problems and overpayments<\/li>\n<li>Understand how purchases are justified by finance executives<\/li>\n<li>Understand how the time value of money concept should factor into procurement decisions<\/li>\n<li>Make repair vs. replace decisions<\/li>\n<li>Make lease vs. buy decisions<\/li>\n<li>Understand how budgeting works for a procurement department\u2019s internal customers<\/li>\n<li>Apply costing principles that apply to procurement<\/li>\n<li>Evaluate suppliers\u2019 financial health using comparative financial statements, ratio analysis, and the Altman Z-Score<\/li>\n<li>Understand the importance of audited supplier financial statements, including alternatives to auditing<\/li>\n<\/ul>\n<hr \/>\n<p>This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements.\u00a0It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.<\/p>\n<p>This course has been pre-approved for 8 CEHs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you are selecting a supplier, negotiating payment terms, comparing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":428,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"portfolio_category":[88,74,84,70,72,71],"portfolio_skills":[],"portfolio_tags":[],"class_list":["post-9383","avada_portfolio","type-avada_portfolio","status-publish","format-standard","has-post-thumbnail","hentry","portfolio_category-inventory-management","portfolio_category-leadership-individual-courses","portfolio_category-level-3-cpom","portfolio_category-risk-management","portfolio_category-saving-strategies","portfolio_category-supplier-selection-individual-courses"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Finance for Strategic Procurement (Advanced) - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance for Strategic Procurement (Advanced)\" \/>\n<meta property=\"og:description\" content=\"Whether you are selecting a supplier, negotiating payment terms, comparing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-12T15:17:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2017\/10\/case-study-gallery-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"1050\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/courses\/finance-for-strategic-procurement-advanced\/\",\"url\":\"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced\",\"name\":\"Finance for Strategic Procurement (Advanced) - Next Level Purchasing Association (NLPA)\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#website\"},\"datePublished\":\"2021-02-03T20:49:40+00:00\",\"dateModified\":\"2021-04-12T15:17:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.certitrek.com\/nlpa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portfolio\",\"item\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/courses\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Finance for Strategic Procurement (Advanced)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#website\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/\",\"name\":\"Next Level Purchasing Association (NLPA)\",\"description\":\"The Next Level Purchasing Association\",\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.certitrek.com\/nlpa\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\",\"name\":\"Next Level Purchasing Association (NLPA)\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/08\/NLPA-logo-small-1.png\",\"contentUrl\":\"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/08\/NLPA-logo-small-1.png\",\"width\":149,\"height\":50,\"caption\":\"Next Level Purchasing Association (NLPA)\"},\"image\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/next-level-purchasing-association\/\",\"https:\/\/www.youtube.com\/channel\/UCrNZYjcLcaNA4xMKQHEGamw\",\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\",\"https:\/\/twitter.com\/nextlevelpurch\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Finance for Strategic Procurement (Advanced) - Next Level Purchasing Association (NLPA)","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Finance for Strategic Procurement (Advanced)","og_description":"Whether you are selecting a supplier, negotiating payment terms, comparing [&hellip;]","og_url":"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced","og_site_name":"Next Level Purchasing Association (NLPA)","article_publisher":"https:\/\/www.facebook.com\/NextLevelPurchasing\/","article_modified_time":"2021-04-12T15:17:16+00:00","og_image":[{"width":1400,"height":1050,"url":"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2017\/10\/case-study-gallery-1-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@nextlevelpurch","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.certitrek.com\/nlpa\/blog\/courses\/finance-for-strategic-procurement-advanced\/","url":"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced","name":"Finance for Strategic Procurement (Advanced) - Next Level Purchasing Association (NLPA)","isPartOf":{"@id":"https:\/\/www.certitrek.com\/nlpa\/#website"},"datePublished":"2021-02-03T20:49:40+00:00","dateModified":"2021-04-12T15:17:16+00:00","breadcrumb":{"@id":"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/learning.nextlevelpurchasing.com\/products\/finance-for-strategic-procurement-advanced#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.certitrek.com\/nlpa\/"},{"@type":"ListItem","position":2,"name":"Portfolio","item":"https:\/\/www.certitrek.com\/nlpa\/blog\/courses\/"},{"@type":"ListItem","position":3,"name":"Finance for Strategic Procurement (Advanced)"}]},{"@type":"WebSite","@id":"https:\/\/www.certitrek.com\/nlpa\/#website","url":"https:\/\/www.certitrek.com\/nlpa\/","name":"Next Level Purchasing Association (NLPA)","description":"The Next Level Purchasing Association","publisher":{"@id":"https:\/\/www.certitrek.com\/nlpa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.certitrek.com\/nlpa\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.certitrek.com\/nlpa\/#organization","name":"Next Level Purchasing Association (NLPA)","url":"https:\/\/www.certitrek.com\/nlpa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/logo\/image\/","url":"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/08\/NLPA-logo-small-1.png","contentUrl":"https:\/\/www.certitrek.com\/nlpa\/wp-content\/uploads\/sites\/5\/2020\/08\/NLPA-logo-small-1.png","width":149,"height":50,"caption":"Next Level Purchasing Association (NLPA)"},"image":{"@id":"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/next-level-purchasing-association\/","https:\/\/www.youtube.com\/channel\/UCrNZYjcLcaNA4xMKQHEGamw","https:\/\/www.facebook.com\/NextLevelPurchasing\/","https:\/\/twitter.com\/nextlevelpurch"]}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/avada_portfolio\/9383"}],"collection":[{"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/avada_portfolio"}],"about":[{"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/types\/avada_portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/comments?post=9383"}],"version-history":[{"count":2,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/avada_portfolio\/9383\/revisions"}],"predecessor-version":[{"id":9469,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/avada_portfolio\/9383\/revisions\/9469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/media\/428"}],"wp:attachment":[{"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/media?parent=9383"}],"wp:term":[{"taxonomy":"portfolio_category","embeddable":true,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/portfolio_category?post=9383"},{"taxonomy":"portfolio_skills","embeddable":true,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/portfolio_skills?post=9383"},{"taxonomy":"portfolio_tags","embeddable":true,"href":"https:\/\/www.certitrek.com\/nlpa\/wp-json\/wp\/v2\/portfolio_tags?post=9383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}