Management Accounting & Supply Chain Strategies Course


INTRODUCTION

Supply Chain contributes a significant share of the product cost, which affects the cash flow of the business. This Management Accounting & Supply Chain Strategies training course is designed to cover the role and importance of integrating financial management KPI into operational KPI in terms of theories and practices in light of cash flow. This training course designed to offer an introduction to the critical issues of financial management, robust supply chain management, risk management and corporate governance that are essential for continuing growth and prosperity.

In this training course, you will learn how to allocate resources efficiently and generate profitable growth while recognizing environmental and ethical concerns. It also addresses how to control risks and integrate corporate management KPIs into Supply Chain and challenges of today, and those predicted for the future under the era of VUCA (Volatility, Uncertainty, Complexity, Ambiguity). This program is beneficial for both financial and non-financial managers.

Duration

5 days

Target audience

  • Operational managers
  • Accounting and Financial managers
  • Supply Chain senior managements (Sales, Production, Procurement, Logistics)
  • Corporate controllers
  • Risk managers, Auditors

COURSE OBJECTIVES

Participants on the Management Accounting & Supply Chain Strategies: Mini-MBA course will be able to:

  • Acquire visualization of KPI used for corporate management as well as SCM operations.
  • Acquire the basic knowledge of CCC (Cash Conversion Cycle) and PSI (Procurement/Production, Sales and Inventory) management
  • Acquire theory and practices: Balanced Scorecard, Six Sigma, Amoeba management, IDC (Inventory Driven Costs)
  • Acquire the case studies of different industries for CCC and Integrated reporting
  • Acquire the time-axis management for Inventory and Accounts Receivable to prevent accounting fraud and to suppress the working capital
  • Acquire IT solutions required for the visualization and improvement activities

COURSE OUTLINE

DAY 1 - The Relation Between Inventory and Finance

·Description:

On Day One the course looks at the basic knowledge on the correlation between inventory and financial statements

·KeyTopics:

  • Management Accounting and Financial Accounting
  • Basic understanding of inventory from financial perspectives
  • What is Inventory management?
  • Inventory and financial statements
  • Inventory Driven Costs (IDC) invented and implemented by HP
  • Fixed costs, Variable costs and Break-even points analysis
  • Profit is an opinion, and Cash is a fact.

DAY 2 - Management Accounting and Corporate Value Management

·Description:

On Day Two the course looks at the basic knowledge on KPIs for both financial KPI and Supply chain KPI related to corporate value

·KeyTopics:

  • Corporate value management KPI
  • ROE (Return on Equity) and ROIC (Return on Invested Capital)
  • KPIs for leading companies in Japan
  • KPIs related to Supply chain
  • SCM capability analysis & Supply Chain Top 25
  • Accounting fraud risks

DAY 3 - CCC (Cash Conversion Cycle) Basics

·Description:

On Day Three the course looks at the necessary information on Management Accounting CCC required, using case studies of different industries and leading companies and basic knowledge of PSI (Purchase/production, sales, Inventory) management to make the operations lean, mean and adaptable

·KeyTopics:

  • Operation Cycle and Cash Cycle
  • The necessary information on CCC
  • CCC comparison among Japan, U.S. and Global by industry
  • CCC trend for different sectors by company
  • How to expedite CCC cashing speed?
  • CCC key issues
  • PSI (Purchase/Production, Sales, Inventory) management

DAY 4 - CCC Advanced Course and Management Methods

·Description:

On Day Four the course looks at how to use better management methods to implement the corporate project and achieve objectives, involving various stakeholders

·KeyTopics:

  • CCC advanced courses: several case studies
  • Amoeba management methods by Kyocera
  • Balanced Scorecard with case studies
  • Six Sigma theory with case studies
  • Problem-solving PDCA
  • Visualization of management and Visualization of autonomy
  • Effective IT solutions for increasing efficiency

DAY 5 - Specific Measures With a View to ESG and SDGs

·Description:

On Day Five the course looks at how to focus on non- financial indicators such as ESG and SDGs and implement the skills learned and deliver tangible results that benefit all stakeholders

Enroll for this Course

We are proud to offer this course in a variety of training formats to suit your needs.

IRES

Enroll for a Face-to-Face (In-Person) Class

We use the highest quality learning facilities to make sure your experience is as comfortable as possible.

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IRES

Enroll for a Virtual (Zoom) Class

Join a scheduled class with a live instructor and other delegates.

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IRES

Enroll for an Online Self-Paced Class

Keep track of your own progression throughout your course and ensure continuous improvement.

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Benefits of Taking a Course at IRES

LEARN

Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.

NETWORK

Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.

GROW

Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.

FAQs & Course Administration Details:

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on Phone: +254 715 077 817 or Email: [email protected].
The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Payment should be transferred to IRES account through bank on or before start of the course. Send proof of payment to [email protected].
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer. Email: [email protected] Phone: +254 715 077 817.