Working Capital Optimisation and Cash Flow Management
This course will enable you to:
- Look at various aspects of the supply chain including commercial terms, discount structures, payment scenarios, and rights of lien and asset ownership
- Understand how to minimise work in progress as it can take up space and shorten shelf life, and it represents uninvestable capital
- Monitor and analyse stock to avoid it becoming a liability
- Consider the use of the demand chain, such as commercial terms, compliance to these terms and credit rating agencies
- Understand the reverse supply chain, the "green agenda" and corporate social responsibility
In the modern financial world it is vital to appreciate the complex relationships between any organisation's many functions. These relationships need to be understood right from when strategies are "rolled out" regarding cash flow through to when cash is actually received or paid.
The course explores the way working capital optimisation and cash flow management works through supply and reverse supply chains, inventory, and demand chain transformation.
This course is part of Nelson Croom's Issues and Debates suite of learning. Issues and Debates courses stimulate intelligent dialogue and debate and provide a valuable and evolving resource of professional knowledge and experience. These courses are topical, practical and highly relevant to today's changing market. Each module is split into two activities: Understanding the issues and Putting it into practice. The first encourages you to think about a topic, drawing on your own professional experience and knowledge. The second helps you to put ideas and/or theories into practice as part of your day-to-day work.
- What is the supply chain?
- Valuing your suppliers
- Commercial terms with suppliers
- Payment scenarios
- Developing discount structures
- Applying payment scenarios to different suppliers
- Reverse factoring
Work in Progress
- What is work in progress?
- Calculation and policies regarding revenue recognition
- Expenses and overheads
- Cash milestone payments
- What is stock?
- Provisions - obsolescence and degradation
- Returns to suppliers
- What is the demand chain?
- Commercial terms of orders
- How orders should be won through a bid/no bid process
- The compliance to orders terms
- Financing of debtors
- Credit rating agencies, reports and categorisation
Reverse Supply Chain
- What is the reverse supply chain?
- The "green agenda" - recycling, landfill, refurbishment & environmental pollution
- Corporate social responsibility
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