Supply Chain Management: Cost and Financial Management

This online program is designed for mid-level professionals and is available as part of our Executive Certificate in Supply Chain Management. It can be taken as an individual, open enrollment program and applied as a non-domain option in the Executive Certificate in Project Management and the Executive Certificate in Management and Leadership.

This program costs $995 and will run online on April 12, 14, 16, 19, 21 & 23, 2021 from 12:30 - 2:30 PM ET (Participants need to complete all sessions to meet the program requirements).

Program Overview:

Although they are inextricably linked, supply chain management and cost and financial management aren’t considered together in many companies. In fact, supply chain finance often is not even given much thought beyond “the cheaper, the better.” Because there are so many ways in which the supply chain affects profitability, this lack of attention can mean missing opportunities to improve supply chain decision making and cost management.

This innovative two-day program helps you gain a thorough understanding of the financial topics related to your supply chain. You will learn how to perform financial analyses that provide deep insights into your suppliers and customers, how to frame certain supply chain activities and expenses as investments, and how to manage working capital correctly. By learning best practices and the tools and techniques you need to apply them, you will be ready to increase your company’s profitability by improving existing processes, strengthening relationships with suppliers, and even occasionally choosing a higher price option.

Impact & Benefits:

  • Appreciate the language of finance, including key terms, concepts, tools, techniques, and applications
  • Understand through hands-on learning how to use financial tools and techniques to support better supply chain decision making, cost management, and risk management 
  • Discover how supply chain initiatives affect corporate performance indicators
  • Apply an innovative set of price and cost analytic techniques that can provide immediate benefit to your organization
  • Learn how and when to frame certain supply chain activities and expenses as investments 

Who Should Attend?

Mid-level managers and functional experts with at least 3 to 5 years of professional experience, who are interested in obtaining new knowledge and skills for success in Supply Chain Management and Operations-based positions.

Faculty:

Robert Trent, Ph.D., Professor of Management, Lehigh University. Bob has worked at Lehigh for 27 years as a professor and co-developer and director of Lehigh’s nationally-ranked supply chain program. He has authored/coauthored eight books and over 50 articles. Bob has provided professional presentations, seminars, consulting, and training services to 60 companies and organizations worldwide. He recently received the M.B.A. Excellence in Teaching Award at Lehigh University.

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