Course Overview
In today’s competitive landscape, organizations must strategically balance financial insights with efficient supply chain management to thrive. This course dives into the principles and practices of management accounting and supply chain strategy integration. It covers essential concepts like cost analysis, budgeting, strategic decision-making, and performance measurement alongside supply chain optimization and logistics management. With a hands-on approach, this training will empower participants with the skills needed to evaluate and implement strategies that enhance both financial and operational performance.
Course Duration
5 Days
Who Should Attend
- Finance and accounting professionals interested in expanding their supply chain knowledge.
- Supply chain managers and professionals aiming to improve financial acumen.
- Business analysts, consultants, and strategists involved in logistics and resource allocation.
- Operations managers seeking insights on aligning supply chain operations with financial goals.
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
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealworkplacesolutions.org.
For further inquiries, please contact us on details below:
