MANAGEMENT ACCOUNTING & SUPPLY CHAIN STRATEGIES

TRAINING OVERVIEW

In the contemporary business landscape, companies vie for supremacy by showcasing the strengths of their supply chains. Consequently, it is imperative that management accounting practices align with this paradigm shift, departing from traditional organizational settings and embracing practices that bolster long-term sustainability. This course aims to empower participants with a robust understanding of Supply Chain Management Accounting (SCMA) and the proficient application of Financial Key Performance Indicators (KPIs) at the operational echelons of supply chain and logistics. By offering an encompassing view, the training outlines the critical prerequisites for formulating an effective SCMA framework, providing valuable insights tailored to the intricacies of this domain.

TRAINING TOPICS

• Principles of Supply Chain Management Accounting (SCMA)
• Environment, Social, and Governance Framework
• Operation cycle & Planning cycle
• Inventory Management and Cost Control
• Supply Chain KPI's

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

• Acquire the necessary skills and competencies needed to run efficiently firm's operations
• Understand the founding principles of Supply Chain Management Accounting
• Align corporate goals and objectives to operation cycle and planning cycle
• Set up appropriate KPI's for senior and operational staff and determine the roles and responsibilities of performance review
• Mitigate operational risks

TRAINING IS TAILORED TO

• Board level members who wish to develop their understanding of Supply Chain Management Accounting
• Auditing Professionals
• Corporate governance directors
• Internal auditors
• Corporate compliance officials
• Professionals seeking to develop their understanding of the accounting methods
• Public sector finance and accounting personnel

TRAINING METHODOLOGY

The training methodology will employ a dynamic and engaging approach, utilizing various proven adult learning techniques to ensure optimal comprehension and retention. Delegates will actively participate in the learning process through a combination of group discussions, practical exercises, case studies, videos, role-playing sessions, and team-building activities. Best practices and benchmarking will be integrated into the training to model world-class excellence in supply chain management accounting. The course manual, designed for practicality and ease of use, will serve as a comprehensive resource to facilitate learning. This interactive training experience is crafted to equip participants with practical skills and insights for effective implementation in the complex field of Supply Chain Management Accounting (SCMA).

DAY ONE: 

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)

DAY TWO: 

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

DAY THREE: 

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

DAY FOUR: 

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

DAY FIVE:

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