Course Overview
This comprehensive 5-day course is designed to provide professionals with critical insights into the role of management accounting within the framework of supply chain strategies. It covers essential concepts such as cost management, performance evaluation, budgeting, and resource allocation, while integrating modern supply chain techniques to maximize organizational efficiency. Participants will learn how to make data-driven decisions, optimize supply chain performance, and apply management accounting practices to align financial goals with operational strategy.
Duration
5 days
Why Attend This Course:
- Enhance Decision-Making: Learn how to apply management accounting principles to support effective decision-making in supply chain management.
- Streamline Operations: Gain strategies for improving efficiency, minimizing costs, and optimizing supply chain operations.
- Broaden Skill Set: Combine financial expertise with operational insights to improve organizational performance across departments.
- Stay Ahead of Trends: Understand the evolving relationship between accounting and supply chain functions in the context of modern global markets.
Who Should Attend:
- Supply Chain Managers and Executives looking to improve their financial and operational decision-making.
- Management Accountants and Financial Analysts interested in understanding how their role impacts the wider supply chain and business performance.
- Logistics and Operations Professionals aiming to strengthen their knowledge of cost management and resource optimization.
- Business Consultants who work with clients to improve supply chain performance and financial management.
Course Objectives
- Understand Key Management Accounting Principles: Grasp essential accounting techniques that help manage supply chain costs, forecast, and performance evaluation.
- Link Financial Data to Operational Decisions: Learn how to use financial data to support operational efficiency, resource allocation, and cost reduction.
- Apply Strategies to Optimize Supply Chain: Develop strategies for improving the flow of goods and services while controlling costs and boosting productivity.
- Integrate Supply Chain with Financial Performance: Discover how to align supply chain strategies with organizational financial goals for maximum impact.
- Leverage Performance Metrics: Understand and apply key performance indicators (KPIs) for both financial and operational activities.
Course Outline
Module 1: Introduction to Management Accounting in Supply Chain
- Overview of Management Accounting Functions
- Key Accounting Principles: Costing, Budgeting, and Variance Analysis
- The Role of Management Accounting in Supply Chain Decisions
Module 2: Cost Management in the Supply Chain
- Activity-Based Costing (ABC) for Supply Chain Optimization
- Fixed vs Variable Costs and their Impact on Supply Chain
- Cost-Volume-Profit (CVP) Analysis for Strategic Decisions
Module 3: Budgeting and Financial Forecasting for Supply Chain
- How to Create Effective Budgets for Supply Chain Operations
- Forecasting Demand, Inventory, and Cash Flow
- Financial Models for Resource Allocation in the Supply Chain
Module 4: Performance Measurement & KPIs for Supply Chain
- Introduction to Key Performance Indicators (KPIs) in Supply Chain
- Balanced Scorecard Approach in Supply Chain Management
- Financial and Non-Financial Metrics for Monitoring Supply Chain Performance
Module 5: Strategic Alignment: Integrating Accounting with Supply Chain Strategy
- Aligning Financial Goals with Supply Chain Strategy
- Risk Management and Financial Sustainability in the Supply Chain
- Case Studies on Successful Integration of Accounting and Supply Chain Management
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to [email protected].
For further inquiries, please contact us on details below:
