Course Overview
Supply Chain contributes a significant share of the product cost, which affects the cash flow of the business. This Management Accounting & Supply Chain Strategies training course is designed to cover the role and importance of integrating financial management KPI into operational KPI in terms of theories and practices in light of cash flow. This training course designed to offer an introduction to the critical issues of financial management, robust supply chain management, risk management and corporate governance that are essential for continuing growth and prosperity.
In this training course, you will learn how to allocate resources efficiently and generate profitable growth while recognizing environmental and ethical concerns. It also addresses how to control risks and integrate corporate management KPIs into Supply Chain and challenges of today, and those predicted for the future under the era of VUCA (Volatility, Uncertainty, Complexity, Ambiguity). This program is beneficial for both financial and non-financial managers.
Course Duration
5 Days
Who Should Attend
The Management Accounting & Supply Chain Strategies: Mini-MBA training course is designed for all those who need to understand a broad range of corporate management and supply chain competencies in light of cash flow, ESG (Environmental, Social and Governance) and SDGs (Sustainable Development Goals).
- Operational managers
- Accounting and Financial managers
- Supply Chain senior managements (Sales, Production, Procurement, Logistics)
- Corporate controllers
- Risk managers, Auditors
Course Objectives
Participants on the Management Accounting & Supply Chain Strategies: Mini-MBA course will be able to:
- Acquire visualization of KPI used for corporate management as well as SCM operations.
- Acquire the basic knowledge of CCC (Cash Conversion Cycle) and PSI (Procurement/Production, Sales and Inventory) management
- Acquire theory and practices: Balanced Scorecard, Six Sigma, Amoeba management, IDC (Inventory Driven Costs)
- Acquire the case studies of different industries for CCC and Integrated reporting
- Acquire the time-axis management for Inventory and Accounts Receivable to prevent accounting fraud and to suppress the working capital
- Acquire IT solutions required for the visualization and improvement activities
Course Outline:
Module 1 - The Relation Between Inventory and Finance
- Management Accounting and Financial Accounting
- Basic understanding of inventory from financial perspectives
- What is Inventory management?
- Inventory and financial statements
- Inventory Driven Costs (IDC) invented and implemented by HP
- Fixed costs, Variable costs and Break-even points analysis
- Profit is an opinion, and Cash is a fact.
Module 2 - Management Accounting and Corporate Value Management
- Corporate value management KPI
- ROE (Return on Equity) and ROIC (Return on Invested Capital)
- KPIs for leading companies in Japan
- KPIs related to Supply chain
- SCM capability analysis & Supply Chain Top 25
- Accounting fraud risks
Module 3 - CCC (Cash Conversion Cycle) Basics
- Operation Cycle and Cash Cycle
- The necessary information on CCC
- CCC comparison among Japan, U.S. and Global by industry
- CCC trend for different sectors by company
- How to expedite CCC cashing speed?
- CCC key issues
- PSI (Purchase/Production, Sales, Inventory) management
Module 4 - CCC Advanced Course and Management Methods
- CCC advanced courses: several case studies
- Amoeba management methods by Kyocera
- Balanced Scorecard with case studies
- Six Sigma theory with case studies
- Problem-solving PDCA
- Visualization of management and Visualization of autonomy
- Effective IT solutions for increasing efficiency
Module 5 - Specific Measures With a View to ESG and SDGs
- What is ESG (Environmental, Social and Governance)?
- What are DSGs (Strategic Development Goals)?
- Integrated reporting with case studies
- Environmental issues
- Freshness control for Accounts Receivable and Inventory
- Operation cycle & Planning cycle
- Risk management summary
