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Commodity Management Training & Certification

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You will learn

With our commodity management training course, you’ll learn all about the core features and values generated from commodity and currency market. You’ll explore market dynamics and drivers, and you’ll look at how the drivers for organic and inorganic differentiate.

By the end of the training, you’ll be able to:

  • Outline the core features and values generated from a commodity and currency market
  • Explain the concept of the market itself, the market dynamics and market drivers
  • Differentiate between the drivers in an organic and inorganic market
  • Evaluate the drivers within different commodities
  • Explore the consequences of supply and pricing of external STEEPLED factors
  • Know how to capitalise upon opportunities and defend against risks in commodity procurement
 

Suitable for the following roles

  • Procurement Analyst
  • Contract Manager
  • Category Manager
  • Procurement Manager
  • Support Manager
  • Quality Assurance Manager
 

Book a course for your team

To book an individual place on a course, click here.

Or if you're interested in learning more about how we can help enhance your teams' capability, fill out your details below and we'll be in touch to let you know how CIPS Procurement Skills Training can help your team.

Commodity Management Training agenda

Session 1 - Defining the scope, categorising commodity types, currency and equities and vocabulary of commodity management

  • The difference between hard, soft and fiscal commodities
  • Procurement of commodities in manufacturing
  • Understanding commodities in pricing and negotiation
  • Political, global, projected scarcity weather patterns, climate, and natural impactors
  • The impact of the economy, currency, regulators, and legislation

Session 2 - Management of commodity and market risk

  • Evaluating and quantifying risk and risk appetite
  • Currency fluctuations and trading strategies
  • Spot, options (traded and traditional), futures, offsets, and other forms of hedging
  • Environment and Market Analysis (SWOT, STEEPLED, Porters 5 forces)

Session 3 - What factors affect the supply of

  • Group A – A hard commodity (Oil)
  • Group B – A soft commodity (Coffee Beans)
  • Group C – A fiscal commodity (US Dollars/ Euros)

Session 4 - Development of a commodity strategy reflecting an organisation’s projected demand requirement, the specific commodity, the market forecasts, as well as the risk appetite of the wider business.

  • Typical contents of a commodity management strategy
  • Managing your commodities as projects (setting up timelines and deliverables)
  • Developing performance measures (balanced scorecards, KPIs, benchmarking)

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Book your place

To book an individual place on a course, click on the link above. Are you looking to enhance your team’s capabilities? Click ‘book a course for your team’ and get in touch using the form.

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