Supply Chain Management Costing and Profitability

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Learning Objectives

To identify why there is pressure on supply chain trading partners to collaborate rather than be adversarial.
To identify why customers are the source of shareholder wealth creation for suppliers.
To know how to measure and manage supplier, product, channel, and customer profitability.
To know why as differentiation from product advantages is reduced or neutralized due to commoditization, then service level differentiation matters, and the customer relationship grows in importance as a competitive advantage.
To identify how to shift the mindset from growing sales to growing profitable sales and to view customers as investments like in a stock portfolio to seek higher ROIs – return on customers (ROC).
To evaluate how to consider influencing a company’s suppliers’ suppliers and customers – second tiers and above.

Course Description

Attention logistics and supply chain managers! Are you looking to create financial value and gain a competitive advantage for your company?

Logistics and supply chain managers have increasingly realized that the greatest potential to create financial value lies not within a single firm but across all the trading partner enterprises comprising a supply chain, particularly at the interface between trading partners. At the boundaries of their firm – with their suppliers and customers – is where companies can identify mutually beneficial cost savings initiatives plus new and greater opportunities to reduce costs from core processes and to provide higher service levels to their customers. Organizations need to measure the costs and profit margins of products, service lines, channels, and customers to manage them.

Supply chain profitability and cost measurement have been frequently identified as a source of value creation and competitiveness. It involves the collection, expense assignment, and analysis of profit margins and cost information across all of the work activities comprising a supply chain to identify opportunities to obtain a competitive advantage through a combination of reduced costs or improved performance. Although managerial accounting practices and systems exist, few companies have completed the journey of inter-organizational supply chain profit management.

Major topics included:

What is Enterprise Performance Management?
Why trading partner collaboration is needed.
Managerial accounting for supply chain management.
Stages of SCM partner collaboration to attain trust.
Overcoming resistance to change. Getting buy-in.

Join our Accounting CPE Webinar to learn about inter-organizational supply chain profit management. This advanced form of managerial accounting enables you to have a profit and loss (P&L) report for each of your customers, including profit margins for products, SKUs, services, distribution channels, and costs-to-serve customers. This information also provides the “drivers” for each type of cost.

Analytics with improved forecasting and reduced uncertainty are also playing a role in reducing excess inventory and cycle-time buffers as costly insurance to assure reliable on-time deliveries without stock-outs.

This presentation is based on the book “Supply Chain Costing and Performance Management” that I co-authored published by John Wiley & Sons. The book is a result of a research study to examine the application of supply chain profit and costing measurement methods in multiple industries and international settings. Here is a link to the book: Supply Chain Costing and Performance Management, 2nd Edition | Wiley

Webinar Qualifies For

1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
1 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Accounting for CPA in Canada
1 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
1 CPE Credit of Financial Reporting for Chartered Global Management Accountants (CGMA)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CPD Credit for Chartered Accountant - ICAEW
1 CE Credit of Financial Accounting and Reporting for Certified Treasury Professional (CTP)
1 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
1 CPD Credit for Chartered Accountants - Scotland
1 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPD Credit for CPA - Ireland
1 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Gary Cokins, CMA, MBA

Advisor, Gary Cokins

Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager.

In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

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William Craven, CGFM, CIA, CMA, CPA (US), CGMA

Very good course, especially for Supply Chain professionals.

Jordan Boice, Others

Great presenter! Very knowledgeable and well versed.

George Federici, CPA (US)

Excellent Presentation

David Monahan, CPA (US)

Useful seminar. The instructor was very knowledgeable.

John Mcgovern, CPA (US)

Great presentation

1 Credit

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Subject Area

Accounting

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Supply Chain Management Costing and Profitability

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Gary Cokins, CMA, MBA

Other Details

Additional Information

1 Hour

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

William Craven, CGFM, CIA, CMA, CPA (US), CGMA

Jordan Boice, Others

George Federici, CPA (US)

David Monahan, CPA (US)

John Mcgovern, CPA (US)

Subject Area

Unlimited Access Plan

Inclusions

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