Supply Chain and Purchasing

Finance and Accounting for Supply Chain and Purchasing Employee

"Lucian has taught numerous utility finance courses for our EEI Executive Leadership Program and always received top ratings. The vice presidents learn a Slippery subject in a power-paced course, And have fun doing it."
Cookie Palladini, Director
HR Planning & Development
Edison Electric Institute
Washington, D.C.

Course Objective:

The objective is to teach supply chain and purchasing employees finance and accounting needed in their jobs. Participants will learn how their company or division's performance impacts key Wall Street benchmarks for financial and operating performance. Each employee will learn six techniques they can take back to their job to improve their job performance. Employees will learn to better understand financial goals and threats. This course covers spinning off divisions, spending strategies, income statement and balance sheet performance and key financial ratios. Project evaluation and business case analysis are also covered.

Some Key Deliverables:

• Learn to make decisions that will improve the four basic financial goals of your company under competition: efficiency, profitability, liquidity, solvency.
• Learn how to read your company's annual report and compare it to other companies.
• Learn six financial actions every purchasing employee can take to help the "Bottom Line".
• Learn what methods the top companies are adopting to evaluate purchasing departments and divisions and how to become "best in class" under these methods.
• Learn how to see the "Big Picture" and how purchasing fits into it.