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Online CPD Course

Procurement Finance Basics

Learn how financial principles support effective procurement decisions and help organisations achieve value for money.

1 course 4 CPD hours 365 days access Verifiable certificate
Course Price
£19.99
Curriculum

Course Details

CPD212-FAA-028

Procurement Finance Basics

240 minutes 4 CPD hours Introductory English 80% pass mark
Course Description
This professional online CPD course introduces learners to Procurement Finance Basics. It covers procurement costs, supplier pricing, budgeting, purchase approvals, financial controls, total cost of ownership, payment terms and procurement risks. Learners will understand how finance supports purchasing decisions and organisational value.
Learning Outcomes
  • Explain the financial principles associated with procurement.
  • Recognise procurement costs beyond the initial purchase price.
  • Understand supplier pricing and payment terms.
  • Apply budgeting and approval processes to procurement activities.
  • Identify financial risks within procurement processes.
  • Support value-for-money purchasing decisions.
  • Successfully complete the end-of-course knowledge assessment.
Study online Access course materials through your secure learner account and continue from your recorded progress.
Complete the assessment Your final score and completion result are retained within your learning record.
Record your achievement Successful completion is added to your CPD transcript with access to a verifiable certificate.