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Date
Thu. 8 & Fri. 9 Nov. 2018

Language of instruction
English

Location
Limpertsberg Campus
162A av. de la Faïencerie
L-1511 Luxembourg
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Fees
1650 €*
Partner discount available

Registration deadline
6 Nov. 2018

Testimonial

Learning outcomes

Speakers

Programme

 

Overview

This workshop bridges the gap between finance and supply chain by demonstrating how supply chain actions affect the income statement and the balance sheet—two key financial statements—and showing how supply chain decisions can be translated into financial metrics.

Target group: Executives and managers who need and want to know supply chain finance fundamentals to make better business decisions.

 

Testimonial

"The workshop was not only useful from a financial theory perspective but the dynamic exchange of experience and perspectives from all participants with diverse backgrounds and seniorities within the profession was extremely useful.

It was fantastic to have academic expertise from MIT available in Luxembourg at the historical university campus at Limpertsberg. We were well looked after throughout the day, allowing us to focus on learning."

Johannes Hesse, Project Coordinator at IEE S.A. and YPL² Chairman

 

Learning outcomes

Transforming organisations

Learn how to keep your supply chain attuned to the latest innovations as LCL & MIT faculty, researchers, and industry thought leaders explain how to manage change in today’s intensely competitive commercial environment.

Developing leadership expertise

Cultivate the skills required of tomorrow’s leaders through custom designed programmes that deliver a fast-paced mix of simulations, real world case studies, cutting edge research, and thought-provoking, interactive discussion.

Engaging with industry leaders

Meet, share ideas, and resolve challenges with other leading supply chain professionals.

Nurturing talent

Use our programmes to help retain and develop your supply chain team through professional courses that teach them how to leverage supply chain tools, practices, and capabilities that improve job performance.

Speakers

James B. Rice

Deputy Director, MIT Center for Transportation & Logistics
Director, Integrated Supply Chain Management Program
Director, Supply Chain Exchange Program

Jim Rice joined the MIT Center for Transportation & Logistics (MIT CTL) in 1995 and he was appointed as the Deputy Director of the Center in 2007.  In this capacity he oversees several research and outreach programs, MIT CTL Executive Education Programs and outreach marketing activities. Jim serves as the Director of the MIT Integrated Supply Chain Management (ISCM) Program, a collaborative research consortium with industry sponsors. As part of these roles, Jim works with industry sponsors to develop research projects and educational and knowledge sharing events for the sponsors.

 

Anne Lange

Associate Professor, Luxembourg Centre for Logistics and Supply Chain Management (LCL)

Anne Lange is an Associate Professor in Logistics and Supply Chain Management at the University of Luxembourg. Her research interests are in transportation, network analysis and supply chain finance. She enjoys to conduct research in cooperation with industry and has done so for example with DB Schenker, DHL and Lufthansa Cargo.
Prior to joining the LCL, Anne Lange was an Assistant Professor endowed by DB Schenker at TU Darmstadt. She has received her doctoral degree from the University of Cologne and has been as a PostDoc researcher at TU Eindhoven as well as the University of Cologne.

Programme

Supply chain and finance are two core functions of every business. The success of business is often measured in financial terms, and supply chain management is no exception to it. Supply chain professionals use different metrics and indicators to measure performance. Understanding how these metrics and indicators function is an asset for every supply chain professional who must speak the language of finance in order to communicate achievements to top management.

In this supply chain course, supply chain professionals learn how supply chain and finance interact and what can be gathered for operations and finance by analysing the activities from a financial perspective.

Over the 2-day programme, we will look at:

  • Activity Based Costing
  • ABC Cost Systems
  • Activity Based Costing Case Study
  • Tradeoff Analysis
  • Supply Chain Finance
  • Supply Chain Finance Case Study
  • Working Capital in Supply Chains
  • Cash Conversion Cycle
  • Working Capital activities.

Methodology

This executive course is a fast-paced mix of simulations, case studies, research findings and thought-provoking, interactive class sessions. The workshop includes exercises that challenge the participants to make critical investments in working capital, focusing on four core supply chain elements: inventory, capital operating equipment, payables and receivables.

 

 

INFORMATION & REGISTRATION

 

 

* The course fees cover participation in the two-day programme, which includes teaching materials and lunch and breaks. Travel expenses to and from the course location and accommodation are not included. After the course, participants will receive a certificate of attendance.