Management Accounting & Supply Chain Strategies

Objective:

By the end of this training course, participants will be able to:

• Acquire the skills and competencies required for efficient operational performance
• Understand the founding principles of Supply Chain Management Accounting
• Align corporate goals with operational and planning cycles
• Set appropriate KPIs for senior and operational staff and define roles in performance review
• Mitigate operational risks across supply chain activities

Content:

Cost Control and Inventory Management

• Defining the two fields of accounting
• Inventory management
• Linking Inventory to Financial Position
• Cost Structure: Fixed costs, Variable costs and Break-even points analysis
• Cost Center and Inventory Driven Costs (IDC)

Key Performance Indices and Corporate Value Management

• Defining corporate value management
• Key elements of effective KPI
• Global KPI: ROE (Return on Equity) and ROIC (Return on Invested Capital)
• KPIs linked to Supply Chain Management
• SCM capability analysis

Mastering Cash Conversion Cycle (CCC)

• Defining Cash Conversion Cycle
• Differentiating between Operation Cycle and Cash Cycle
• Main challenges of CCC
• Key steps for an effective CCC
• How to accelerate CCC cashing speed?
• Purchase/Production, Sales, Inventory management

Advanced Accounting Management Tools

• Balanced Scorecard with case studies
• Six Sigma theory with real case studies
• Problem-solving method – PDCA
• Visualization of management and autonomy
• Effective IT solutions for improving efficiency

Environmental, Social and Governance (ESG)

• Defining ESG framework
• What are Strategic Development Goals?
• Steps to setting an effective Integrated reporting
• Risk management
• Challenges of Environmental issues
• Real Case Studies