About this Course
Master the financial strategy of modern procurement by moving beyond simple price comparisons to a holistic, value-driven approach. This course is designed for procurement professionals, analysts, and business leaders who want to make optimal purchasing decisions by leveraging Total Cost of Ownership (TCO) analysis. You will learn to systematically identify all relevant cost drivers, from logistics and maintenance to the time value of money, and build robust financial models in a spreadsheet environment. Through practical, hands-on activities and expert-led screencasts, you will master the techniques to calculate and compare the Net Present Value (NPV) of competing supplier bids. The course culminates in you producing a data-driven, executive-level award recommendation, equipping you with the skills to confidently justify strategic sourcing decisions that deliver the best long-term financial value for your organization
What You'll Learn
- Apply total cost of ownership models to evaluate supplier scenarios
- Identify all relevant cost drivers and build robust financial models
- Calculate and compare net present value of competing bids
- Produce data-driven, executive-level award recommendations
Prerequisites
- Basic computer and internet skills
- Ability to follow course instructions and complete exercises
- Beginner level in business and finance concepts
Instructors
LearningMate