Management Accounting & Supply Chain Strategies Course
Course Overview
| Course Title | Management Accounting & Supply Chain Strategies Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | TBA |
| Course Fees (Virtual) | TBA |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
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 Modules
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
Course Administration
Methodology
This instructor-led training course is delivered using a blended learning approach comprising presentations, guided practical sessions, web-based tutorials, and group work.
Accreditation
Participants will receive a Tech For Development Certificate of Course Completion.
Training Venue
Held at the Tech For Development Training Centre.
Accommodation & Airport Transfer
Arranged upon request.
Email: letstalk@techfordevelopment.com
Phone: (+254) 790 824 179
Tailor-Made
Customised training available.
Payment
Send proof of payment to letstalk@techfordevelopment.com.
