Finance & Cost Management Training That Builds Commercial Confidence
Procurement teams can’t afford to guess when it comes to cost. This course gives your team the financial fluency to make smarter decisions, manage budgets with clarity, and build total cost strategies that drive long-term value.
This Learning Content Includes:
- High-impact learning
- Exams & assessments
- Simulations
- Expert Reviews
- Application based tasks
- Microlearning
- Serious games
- Webinar toolkits
Finance & Cost Management Training That Turns Spending into Strategic Value
This course isn't about turning procurement teams into accountants; it's about giving them the financial fluency to drive smarter decisions.
Built for procurement managers, category leads, analysts, buyers, and quality or support managers, it's designed for anyone responsible for managing budgets, controlling costs, or justifying spend. Whether you're negotiating supplier contracts or forecasting spend across categories, this training helps you deliver commercial results with confidence.
Finance & Cost Management Skills That Drive Commercial Impact
Procurement teams are under constant pressure to deliver savings, justify spend, and demonstrate value but they don't need to be finance experts to make confident financial decisions. This course helps your team build a solid foundation in cost management, budgeting, and financial analysis so they can influence outcomes, challenge assumptions, and protect the bottom line.
Building Cost Awareness & Financial Confidence
- Understanding Core Financial Concepts
Equip your team with the language and logic of finance. We cover essential concepts like profit and loss, cash flow, EBITDA, working capital, balance sheets, and income statements all within a procurement context. - Using Financial Ratios to Assess Supplier & Business Health
Learn how to interpret gross margin, ROTA, ROE, and the acid test to assess financial health, spot risks, and engage with stakeholders more credibly.
Applying Strategic Cost Management in Procurement
- Total Cost of Ownership (TCO) in Practice
Move beyond unit price and explore how TCO drives better supplier selection, contract terms, and long-term performance. Learners will build and evaluate TCO models using real-world examples. - Cost Modelling & Should-Cost Analysis
Your team will learn how to create supplier-specific cost models, calculate detailed breakdowns, and use "should cost" as a negotiation tool, especially in volatile or opaque markets. - Procurement's Role in Controlling Spend
We explore how procurement professionals influence cost at every stage, from sourcing and supplier collaboration to payment terms and inventory management, with techniques like activity-based costing and cash-to-cash analysis.
Driving Value Beyond Cost Savings
- Value Analysis & Engineering in Procurement
See how to use value analysis to challenge specifications, reduce waste, and improve function without sacrificing performance. Teams will apply tools like cost matrices, teardown analysis, and functional benchmarking. - Forecasting, Budgeting & Business Case Development
Learn how to build credible financial plans that hold up under scrutiny. We cover cost forecasting methods, scenario planning, and how to link procurement decisions to business-wide outcomes.
Finance & Cost Management Training That Delivers Commercial Results
Finance doesn't need to be intimidating. This course empowers procurement professionals to take control of cost management, make confident financial decisions, and prove ROI, all without needing a finance background.
Developed by Experts in Procurement & Finance
Our finance and cost management training courses are built by professionals who've led real-world procurement projects. Your team gets insights that are practical, proven, and relevant to everyday commercial challenges.
Trusted by Procurement Teams Worldwide
From global supply chains to fast-moving mid-size businesses, organisations use this training to improve financial fluency, increase cost visibility, and implement effective cost control strategies across procurement.
Built for Real Impact, Not Just Theory
Learners won't just understand cash flow or balance sheets, they'll apply cost models, improve budgeting accuracy, and link financial insights directly to procurement outcomes and strategic decisions.
Ready to strengthen your procurement team?
Your Team Will Learn:
- Cost calculation
- Estimation and should cost
- TCO
- Value engineering
- Reading balance sheets
- Cash flow statements
- Financial ratios
Suitable for the Following Roles:
Category Manager
Procurement Manager
Support Manager
Quality Assurance Officer
Senior Buyer
Buyer
Operational Buyer
Procurement Analyst
Real Clients. Real Teams. Real Results.
Herman Savenije
The individualized learning plans, based on a pre-assessment, enable optimal learning success.
Lindsay Jett
Skill Dynamics gives team leaders a lot of flexibility to develop each of their team members in their specific areas, or grow into new ones.
Stefan Menziger, CEO
Skill Dynamics provides exactly what is needed in the world’s changing environment.
Frequently Asked Questions
Most legal courses are written for lawyers. This one’s built for supply chain professionals. It focuses on the real challenges your team faces, supplier terms, contract risks, data obligations, and shows them how to navigate these confidently, without the legal jargon.
Yes. The goal isn’t just awareness, it’s practical risk prevention. Teams learn how to spot red flags in contracts, ask the right questions before signing, and avoid the kinds of issues that can derail operations or damage supplier relationships.
It is. The course is built for busy supply chain environments. It’s modular, on-demand, and designed so learners can dip in and out around real work, no need to block out full days or sit through long sessions.
Not at all. This training assumes zero legal background. It’s made for operational and procurement teams who need clear, practical guidance, not textbooks or court cases. We keep things grounded and useful from the first module.
Yes. You’ll have access to simple reporting that shows engagement and completion across the team. No complicated admin, just visibility into who’s learning what and where support might be needed.
Support is always on hand. Whether it’s a question about a topic or help accessing materials, our team is here to make sure learning isn’t held up. If something’s unclear, we’ll help make it click.
Unlock your teams potential: Empower your team with the right training today
Get StartedExplore More Competencies in Our Procurement Academy...
Sustainability
Sustainability should be built into everyday procurement decisions. This competency helps learners embed ESG thinking into sourcing strategies, supplier choices, and cost evaluations - without compromising value or resilience.
Category Management Training
Take a strategic approach to procurement by empowering your organization to segment business spend into key areas with similar products.
Buying & Merchandising
Learn how to plan and manage successful promotional campaigns, select products, build ranges, measure success and develop pricing and ethical strategies.
Contract and Supplier Management
Develop the skills and knowledge to administer contracts and manage contract risks, work effectively with key stakeholders and improve overall supplier performance.
Digital Procurement
Understand how the latest digital technologies are enabling high-performing procurement teams to reduce administration, increase compliance and improve spend under management.
Legal and Regulatory
Master the legal and regulatory frameworks that impact organizations every day from contract laws, guidelines and regulations that govern buying goods, works and services from your suppliers.
Negotiation
Develop the critical skills procurement professionals need to succeed at the negotiating table, master the core strategies and principles and leverage the latest behavioral techniques such as cognitive bias, Game Theory and NLP.
Procurement Strategy
Understand how to develop a procurement vision and mission statement that delivers sustainable value and learn how to turn your vision into a functioning strategy.
Sourcing
Develop the critical skills, know-how and techniques to master sourcing from running RFI and RFP’s to conducting market analysis, selecting suppliers and managing projects.
Finance Management Training
Learn how to effectively plan, manage, and control business costs through a cost management system. Develop a total cost of ownership approach and understand how to calculate cost breakdowns.
Operational Procurement
Understand the Purchase-to-Pay (P2P) process, achieving compliance targets by reducing “Maverick Buying”, learn how to improve cost per transaction and use tools such as e-procurement, VMI and purchase cards.
Project Management
Understand the critical role of the project manager in forming a highly optimized procurement team. Learn about building time and resource plans, project governance, business cases, establishing project controls and effective stakeholder management.