Finance & Costing in Supply Chain

This program deals with the basic techniques for the identification and control of cost management for supply chain. It identifies the fundamentals of finance and costing related to supply chain. Use also to understand the various tools available for planning, control and decision making. Budgetary control requires the setting of targets and standards while the analysis of variances demonstrates the levels of performance within organisations. Cost control mechanisms are identified and applied to provide information to managers to achieve operational efficiency, investment appraisal, break-even analysis and profit maximising are used to aid both long and short-term decision making.This program deals with the basic techniques for the identification and control of cost management for supply chain. It identifies the fundamentals of finance and costing related to supply chain. Use also to understand the various tools available for planning, control and decision making. Budgetary control requires the setting of targets and standards while the analysis of variances demonstrates the levels of performance within organisations. Cost control mechanisms are identified and applied to provide information to managers to achieve operational efficiency, investment appraisal, break-even analysis and profit maximizing are used to aid both long and short-term decision making.

 

Finance & Costing in Supply Chain Program Content

    • Cost analysis and financial decision related to supply chain
    • Financial statements and its reflection to the supply chain activities
    • Cost Classification Methods
    • Net present value analysis NPV
    • Type & Cost classification in supply chain & ability to trace
    • Direct and indirect cost
    • Cost of Goods Manufactured (COGM), Cost of Goods Sold (COGS) &SAG
    • Production costs
    • Cost Accumulation Systems (Job-order costing and Process costing)
    • Fixed & variable costs
    • CVP – Cost volume profit analysis
    • BEP – Break-Even Point
    • Procurement costs
      • Ordering cost
      • Total cost of ownership TCO
      • Supplier cooperation
    • Logistics & distribution costs
      • Transportation cost
      • Fleet cost
      • Warehouse costs
    • Inventory costs
      • Total cost of inventory
      • Carrying cost of inventory
      • Hidden cost of inventory
      • ABC Activity Based Costing
      • Ways to evaluate inventory (FIFO, LIFO, moving average)
    • Budgeting
    • How organization set out financial plans in the form of budgets
    • Qualitative or a quantitative forecasting methods
    • Preparing master budget
    • Financial ratios &Impact of supply chain cost control
    • How to calculate total cost per unit
    • Case studies

At Finance & Costing in Supply Chain Program Completion; Participants will be able to:

  • Enhance company profit through supply chain activities
  • Explain the financial impacts on supply chain activities
  • Apply methods for identifying cost.
  • Prepare budgetary control statements.
  • Calculate dedicated total cost per unit
  • Able to read financial statements.
  • Identify production volume to achieve a tangible profit
  • Use investment appraisal techniques in making long-term decision.
  • All Supply chain positions (Planning, Purchasing, Production, Logistics, Inventory, cost controller)
  • All who wish to shift career to Supply Chain
  • Program Language: English
  • Program Duration: 20 hours
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