Supply Chain Management: Cost and Financial Management

Description

April 12, 14, 16, 19, 21 & 23, 2021 from 12:30 PM - 2:30 PM ET

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 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.

Participants in this program will:

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

Price:

$995.00

This program will be delivered by:

Faculty:

Robert Trent, Ph.D., Professor of Management, at Lehigh University. Bob has worked at Lehigh for 27 years as a professor and co-developer and director of Lehigh’s nationally-ranked supply chain program. He has authored/coauthored eight books and over 50 articles. Bob has provided professional presentations, seminars, consulting, and training services to 60 companies and organizations worldwide. He recently received the M.B.A. Excellence in Teaching Award at Lehigh University.

Who Should Attend?

professional experience, who are interested in obtaining new knowledge and skills for success in Supply Chain Management and Operations-based positions.