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Financial Awareness For Procurement Professionals

Financial Awareness For Procurement Professionals

In any Procurement and Supply Chain role it is critical that all practitioners have a solid understanding of all Financial Aspects that can affect their role.

This course introduces delegates to the fundamentals of Accounting, the key elements of an Annual Report, Profit & Loss, Balance Sheet, Ratio Analysis etc. and the principles of costing and pricing.

Who Should Attend?

This course will prove useful for all members of the Procurement and Supply Chain team as either a learning experience as a refresher / reinforcement exercise.

To ensure that all delegates:

  •  Gain a fundamental understanding of the principles of Finance and Accounting
  •  Interrogate a set of Financial Accounts and be able to interpret and utilise the information found. Working through exercises and examples of Profit & Loss, Balance Sheets, Cashflow Statement etc
  •  Understand and utilise Ratio Analysis when reviewing a Suppliers Financial Accounts including Current Ratio, Acid Test, Profitability etc.
  •  Appreciate the limitations of a Company’s Financial Accounts and access other current sources of information.
  •  To have a greater understanding of both a Supplier’s costing make-up and own pricing strategy.

Our trainers are all FCIPS / MCIPS qualified teachers who have extensive experience of Negotiations across numerous industries including Automotive, Retail, Food / FMCG, Finance to name but a few. Collectively our training team have delivered across all levels to hundreds of delegates, both domestic and Global, over the last decade.

The course will be extremely participative and exercise driven, with many relevant examples and anecdotes provided to bring practice and theory to life.

Upon completion of this course every delegate will be able to:

  •  Understand the principles of Financial Accounting
  •  Fully understand the workings of a Profit & Loss account and Balance Sheet – with delegates undertaking exercises on both sets of Accounts and understanding the purpose of each during the course
  •  Use Ratio analysis to gain a thorough understanding of a Supplier’s financial position and be able to use this accordingly
  •  Have a greater understanding of how Suppliers cost prices are derived and the elements that influence a Suppliers pricing decisions.
  •  Practice working with Profit & Loss accounts, Balance Sheets and Ratio Analysis using real exercises and examples within a safe environment.

Book now, or complete the form to request further information.

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Bethanie Stimpson SRSCC

Bethanie Stimpson

Progress Mentor

Bethanie began her career in the fitness industry, working as a personal trainer and gym instructor before becoming involved in coaching children through a triathlon club. This experience sparked her passion for working with young people and ultimately led her into a career in education. She initially worked in a nursery and later as a one-to-one teaching assistant in a primary school, before completing her teaching qualification and postgraduate studies. Since then, Bethanie has taught in both the private and state education sectors.

Her academic background includes a qualification in Sports Development, Fitness and Coaching at college, alongside a Childhood & Youth undergraduate degree (2:1). These studies have enabled her to combine her interests in sport, education, and child development, shaping her holistic approach to teaching and mentoring.

Bethanie is passionate about supporting learners to achieve their goals — educationally, personally, and in terms of wellbeing. She places strong emphasis on communication and relationship building, and takes great pride in helping individuals build confidence and overcome challenges. One of her proudest achievements has been supporting learners who initially doubted themselves to grow in confidence and achieve success.

Outside of work, Bethanie has always maintained a strong interest in sport. She previously competed in triathlons and now focuses on running and swimming. In 2023, she completed the London Marathon — an achievement she is particularly proud of. She also enjoys spending time outdoors with her family and their two dogs, which is where she is happiest when not working.

Ola Kambul

Skills Coach

Ola began her career in supply chain within fast-paced warehouse and logistics environments, where she developed a strong understanding of operations and people management. Her journey into the Supply Chain sector wasn’t planned, but through hands-on experience she discovered a passion for improving processes and supporting others – which naturally led her into training and development.

She has progressed through a range of roles across operations, recruitment, and training, including Programme Coach and L&D Lead. She designed and delivered apprenticeship programmes, supporting over 40 learners to successful completion and contributing to strong quality outcomes and inspection success.  Her transition into mentoring was driven by a desire to make a direct impact on people’s confidence, growth, and career progression.

Ola’s mentoring style is supportive, structured, and empowering. She combines real operational experience with coaching expertise, helping learners apply knowledge in practical workplace settings. One of her proudest career achievements has been supporting learners who started with low confidence to achieve distinctions and progress into new roles within their organisations. She has also led a UK-wide Mental Health First Aider network, embedding wellbeing into workplace culture and supporting colleagues through challenging situations.

From day one, she shares a consistent message with every learner: “You’re more capable than you think – but you have to be willing to step outside your comfort zone to see it.”

Outside of work, Ola enjoys walking with her Border Collie, Luna, and cross stitching. She recommends Legacy by James Kerr to anyone in supply chain, for its powerful insights into leadership and culture. If she wasn’t working in mentoring and development, she would likely be pursuing a career as a Visual Merchandiser.

Jack Callaghan

Jack Moore

Operations Team Leader

In December 2023, Jack joined SRSCC as an Operations Coordinator and quickly established himself as a key member of the team.

Promoted to Team Leader in October 2024, Jack utilises his expertise in auditing processes and innovative problem-solving to identify and enhance growth opportunities.

Jack possesses a strong ability to analyse and refine systems and procedures, consistently uncovering chances for streamlining and automation that drive operational efficiency. He excels at communicating complex ideas with clarity and precision.

Detail-oriented yet big-picture focused, Jack applies his exceptional organisational skills to ensure the team adopts the most effective strategies for achieving both individual and collective goals.

His methodical approach and strategic mindset make Jack an invaluable asset to SRSCC, significantly contributing to the team’s success and the realisation of organisational objectives.