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 2017 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. (programme details)
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.