Complete E-learning package: Track 1, 2 and 3

E-learning

Price: €100.00 ex. VAT

For students only: €50.00 ex. VAT

Enjoy our three e-learning tracks in one and learn all there is to know about Supply Chain Finance! After completing all modules, you will know more about the Financial Supply Chain, Order-to-Cash processes, Purchase-to-Pay processes, Working Capital, the Operating Cycle, the Cash Conversion Cycle, how to calculate the latter two, Working Capital Management, how to manage Accounts Receivable and Accounts Payable, Inventory Management and Cash Management.

 

Module 1.1- The Financial Supply Chain (25 – 40 mins.)

 

This module shows that besides the physical supply chain, there is a financial supply chain which interacts and is crucial to consider when a company wants to improve business results. Internal collaboration between supply chain, sales, purchasing and finance is needed for this. Furthermore this module shows that next to the dominant focal company and the primary value adding members, the supply chain also consists of supporting members, like financial and logistic service providers which provide resources, knowledge, utilities or assets for other supply chain members.

 

Module 1.2 – The Order-to-Cash Process(20 – 30 mins.)

 

This module shows that the order-to-cash process is a complicated process which involves many different tasks. A good order-to-cash process needs collaboration between supply chain, sales and purchasing to avoid inefficiencies and the consequences of these inefficiencies. Besides the most common inefficiencies in order-to-cash processes and the consequences of those inefficiencies this module shows solutions for improving efficiency in the order-to-cash process.

 

Module 1.3 – The Purchase-to-Pay Process(20 – 30 mins.)

 

This module shows that just like the order-to-cash process, the purchase-to-pay process is a complicated process which involves many tasks. A good purchase-to-pay process needs collaboration between supply chain, purchasing and finance to avoid inefficiencies and the consequences of those inefficiencies. This module also shows solutions for improving efficiency in the purchase-to-pay process.

 

Module 2.1 – An Introduction to Working Capital(15 – 25 mins.)

 

This module shows that there are two working capital approaches: the balance sheet approach and the operating cycle approach. The balance sheet approach is static and measures working capital at one specific point in time. The operating cycle approach is dynamic and takes into account day-to-day changes in working capital.

 

Module 2.2- The Operating Cycle and the Cash Conversion Cycle (15 – 25 mins.)

 

In this module the meaning of the operating cycle and the cash conversion cycle are discussed. The difference between the operating cycle and the cash conversion cycle is showed, by discussing the way both cycles are measured. Days Inventory Outstanding, Days Sales Outstanding and Days Payables Outstanding are all explained. Most important is that we show that companies want their operating cycle and cash conversion cycle to be as short as possible to finance their working capital only for a short amount of time, which means less short-term financing costs.

 

Module 2.3- Calculations with the Operating Cycle and with the Cash Conversion Cycle (20 – 30 mins.)

 

While in module 2.2 the operating cycle and cash conversion cycle are explained, module 2.3 focuses on calculations related to these cycles. We first show how to make the calculations with Days Inventory Outstanding, Days Sales Outstanding and Days Payables Outstanding, which are needed to to make calculations with the operating cycle and cash conversion cycle. By finishing the module you will get a deeper understanding of the factors that are important in optimizing working capital in a company.

 

Module 3.1 – The importance of Working Capital Management(20 – 30 mins.)

 

This module shows the importance of internal collaboration for working capital management. Purchasing, sales and supply chain need to collaborate with finance for good working capital management. The link between the cash conversion cycle days and money invested in working capital is discussed. By doing this module you learn what Days Inventory Outstanding, Days Sales Outstanding and Days Payables Outstanding mean for working capital needs. Furthermore, the impact of discount on early payment on working capital is discussed.

 

Module 3.2 – Managing Accounts Receivable and Accounts Payable(30 – 45 mins.)

 

Module 3.2 discusses how companies can manage accounts receivable and accounts payable. It shows how a company can manage its credit policy onto customers by learning methods for credit selection, credit standards, credit terms and credit monitoring. Furthermore, accounts payable policy is discussed by showing how companies can deal with credit terms for suppliers. The module contains a lot of questions to test your newly acquired knowledge about managing accounts payable and accounts receivable

 

Module 3.3 – Inventory Management and Cash Management(15 – 25 mins.)

 

The main subjects in this module are inventory management and cash management. The module explains about the ABC-system, Economic Order Quantity and computerized systems (MRP, MRP II and ERP) as methods for inventory management. Furthermore, cash management and the main reasons for companies to hold cash are discussed.

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