Cost and Financial Management
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This two-day open-enrollment program is designed for mid-level professionals, and is available as part of our Supply Chain certificate program.
Although they are inextricably linked, supply chain management and cost and financial management aren’t considered together in many companies. In fact, supply chain finance often is not even given much thought beyond “the cheaper, the better.” Because there are so many ways in which the supply chain affects profitability, this lack of attention can mean missing opportunities to improve supply chain decision making and cost management.
This innovative two-day program helps you gain a thorough understanding of the financial topics related to your supply chain. You will learn how to perform financial analyses that provide deep insights into your suppliers and customers, how to frame certain supply chain activities and expenses as investments, and how to manage working capital correctly. By learning best practices and the tools and techniques you need to apply them, you will be ready to increase your company’s profitability by improving existing processes, strengthening relationships with suppliers, and even occasionally choosing a higher price option.
Impact & Benefits
- Appreciate the language of finance, including key terms, concepts, tools, techniques, and applications
- Understand through hands-on learning how to use financial tools and techniques to support better supply chain decision making, cost management, and risk management
- Discover how supply chain initiatives affect corporate performance indicators
- Apply an innovative set of price and cost analytic techniques that can provide immediate benefit to your organization
- Learn how and when to frame certain supply chain activities and expenses as investments
Who should attend
Mid-level managers and functional experts with at least 3 to 5 years of professional experience and who are interested in obtaining new knowledge and skills for success in Supply Chain Management and Operations-based positions.