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Finance for Supply Chain Professionals

This course has been specifically designed for Supply Chain & Procurement practitioners who are looking to enhance their skill set and capability through effectively incorporating financial impact and financial ratio analysis within their role. The course covers the range of financial principles and their effects at each stage of the procurement cycle and within the supply chain environment and crucially expands to incorporate : Z Score, IFRS & IPSAS regulatory compliance frameworks enabling delegates not only validate vendor financial compliance as part of their risk management strategy, but also effectively financially appraise vendors and assess future supply continuity risk.

Turning 'Theory' into 'Practice'?

A blend of delivery styles to ensure that all delegate learning patterns are catered for: oral, visual & kinaesthetic. Course content will follow a format of: introduction of a topic, discussion of the topic to aid theoretical understanding and place the topic within the wider process context. Real world case studies and business simulation examples will be utilised throughout, which will be combined with practical exercises for each topic, leading to delegates having applied theory, discussion, and practice to the whole subject throughout the course. Delegates will complete the course fully equipped with the required practical tools, templates and models to swiftly and confidently implement the learning upon their return to the workplace.

Who should attend?

Supply Chain Professionals across all industries

Key areas to be covered in the programme and documentation

The Key Financial Impacts within the Procurement Cycle
• The Strategic Procurement Roadmap - end to end procurement cycle process map & toolkit
• Defining appropriate financial impacts and alignment with organisational procurement strategy - including Procurement impact upon the P&L and Balance Sheet
• Assessing financial impacts within specification and scope of works
Case study review & analysis: The US Pallet Industry. Exploring how Supply Chain Management is incorporating financial management techniques to drive business excellence

Effective Financial Risk management within the Supply Chain
• Effectively incorporating financial criteria within scoring & weighting sys-tems
• Effective financial evaluation techniques - establishing the vendor Z score
• Interpreting vendor market dynamics and likely financial risk impacts
Practical exercise: “A Tale of two vendors”. Uncovering potential financial risks

Organisational Financial Impacts
• Interpreting financial statements & conducting effective financial ratio analysis
• Identifying financial dependencies to mitigate against loss of supply continuity
• Procurement the gateway to the supply chain - exploring how procurement strategy impacts upon supply chain costs
Practical exercise: Mapping our organisational financial impacts

Learning from Global Exemplars:
• Case study review and analysis: Coca Cola. Utilising supply chain planning to manage profit and loss statement
• Case study review and analysis: Fujitsu. Improving availability whist at the same time reducing costs by 13%
Practical exercise: The story of others; how industry practice can be mapped for our own organisation

Financial Modeling Within the Supply Chain & Value Chain
• The Supply Chain toolkit - here we work through a fully functional supply chain management model to establish correct inventory asset value/ volume and improve working cash flow. Delegates will each receive a soft copy of this model
• Key financial impacts within the supply chain and supply chain contracts - including: contingent liability, liquidity and return on asset Case study review and analysis: Exploring how Kelloggs managed a
lean supply chain across multiple product and client sectors 
Practical exercise: Supply chain business simulation

The Hidden Financial Impacts of Demand Planning
• Supply Chain impact upon the P&L and Balance Sheet
• Enhancing supply chain financial decisions - including slow moving and obsolete stock
• Establishing financially and operationally re-order points
Case study review and analysis: Toyota. Reducing costs and improving output by focusing upon process enhancement
Practical exercise: Forecasting future demand and its financial impacts

Key Supply Chain Metrics
• Utilising finance as a continuous improvement tool within strategic partnerships and framework agreements
• Enhancing financial benchmarking within the supply chain
• Utilising lean supply chain principles to reduce cost - including: “cross docking” aggregation and process re-engineering
• Reporting key supply chain metrics from a financial perspective
Practical exercise: Speaking the language of numbers with key decision makers

International Financial Regulatory Frameworks
• Key regulatory & external reporting compliance
• IFRS & IPSAS
Practical exercise: Future convergence between Finance & SupplyChain - open discussion

Benefits to you

• Learning the key financial impacts within the procurement cycle and in the Supply Chain
• Utilising financially informed decision making
• Recognising and mitigating financial risks
• Effectively interpreting financial statements
• Conducting robust and meaningful financial analysis
• Acquiring advanced supply chain techniques to reduce cost and improve profitability
• Ensuring compliance with global financial regulatory frameworks including IFRS & IPSAS
• Engaging effectively with the finance function
• Effectively reporting to project stakeholders and key organisational deci-sion makers
• Developing and implementing a financially informed continuous improvement strategy

Companies already benefiting include:

Duration of Course

2 Day Course

Course details

This course is currently only available as an in-house option. For more information, and a quote, contact our team on +44 (0)20 3002 3057, or by email at ProfessionalTraining@iihc.org

Looking to train larger teams in this subject?

dzingim@marcusevansuk.comTailored in-house/in-company training courses and bespoke strategy workshops designed and delivered on-site throughout Europe according to your specific requirements.

All management, personal development and project management public courses featured in our Course Directory are also delivered on an In-Company basis.

Click Here for information on how this course can be delivered for you as an In-Company Training Solution

 


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Further information

UK Enquiries: +44 (0) 203 002 3057
or dzingim@marcusevansuk.com

Non-UK Enquiries: +420 (0)2 5570 7246
or training@marcusevanscz.com

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dzingim@marcusevansuk.com - Marketing Manager EMEA - Professional Training


UK Enquiries: +44 (0)20 7647 2383 : salesenquiries@marcusevansuk.com
European Enquiries: +420 (0)2 5570 7246 : training@marcusevanscz.com

Testimonials

"This course will allow my company to develop its existing strategies to a much greater and hopefully profitable level."

Managing Director, Tarmac