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LCL launches executive workshops

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Published on Monday, 13 November 2017

The Luxembourg Centre for Logistics and Supply Chain Management (LCL) launched its executive education programme with a two-day workshop on Supply Chain Financial Analysis.

Hosted on 9 and 10 November at Campus Limpertsberg, the workshop aimed at bridging the gap between finance and supply chain by demonstrating how supply chain actions affect key financial statements and showing how supply chain decisions can be translated into financial metrics.

In interactive sessions using case studies and simulations, James B. Rice (Massachusetts Institute of Technology, USA) introduced a framework on supply chain finance and shared his insights on using financial instruments for efficient supply chain management, different options and how they are used in the industry.

James B. Rice was supported in hosting the workshop by Prof. Alexander Hübner (LCL), who explained the concept of activity-based costing and how this can be applied for better cost transparency and management along the supply chain, and Prof. Benny Mantin (LCL), who highlighted the role of supply chains in managing working capital and explored which key performance indicators can be used to optimise the cash conversion cycle.

Workshop participants came from a diverse range of backgrounds, with experience working for national and international logistics service providers, producing companies, consultancies as well as financial institutions.

The LCL executive education programmes aims to be not only a learning experience but also to provide a platform for knowledge exchange and sharing of best practices.

The next workshop – dedicated to Supply Chain Management 4.0 – has been scheduled for 15 and 16 January 2018. For a full programme and to register, visit explore.uni.lu where you can also find details on additional events, including roundtables, industry seminars and conferences.

 

 

"As a young professional, and a graduate in Supply Chain Management and Economics, the LCL Supply Chain Financial Analysis Workshop provided me with the superb opportunity to refresh and extend my knowledge in this area. 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.  I look forward to joining future offerings from the LCL Executive Education portfolio."

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