Financial Analysis Skills | CIPS

In this podcast Colin Linton, FCIPS, discusses the importance of financial analysis skills for contract managers to identify risks, and how using the ICEBERGS® model outlines the key ratios to focus on. There is a brief presentation followed by a discussion on:
• How helpful credit reports are to contract managers
• How important the gearing ratio is for contract managers
• Is identifying these financial risks down to contract managers?
• Which ratios you should pay special attention to together
• Examples of ratios and changes which could identify underlying business issues
• Finance being the language of the boardroom and how a deeper financial understanding can help procurement increase their profile and add value to their organisation.

[@riyastrazack]

Thanks Colin and CIPS teams.

[@bhavz1235]

Really insightful, many thanks

[@bilawalbhjgg352]

Wow, great and clear

[@riyastrazack]

Here Colin had said about three PPP of business and they are people , profit and plan. But, this fundamental idea of businesses is from colonial times. We must stop it. Rather we should PPPE people , plan , profit and environment.

[@colinlinton4385]

Im confused by your comment about the 'PPP' of business. Ive watched the podcast and dont know what you're referring to, ie at which point is there reference to 'people, profit, plan'? Certainly the 'PPP' concept of People, Plant, Profit is a well used one in business. But its not really relevant to the point of the podcast, which is about analysing supplier financial statements.

[@riyastrazack]

@@colinlinton4385 yes , Mr. Colin.