Strategic Supply Chain Finance, Cost Analytics, and Value Creation (OPMT 4240)
In this course students will be introduced to the multiple financial concepts which are critical to supply chain management. Firstly, students will learn about different cost accounting items such as labour, material, and overhead costs. Students will then examine job cost and service statements, as well as cost accounting systems.
Through case analyses, applied problem-solving, and systems-based projects, students will develop integrated approaches to labour costing, overhead allocation, and job and service cost analysis. Students will critically assess alternative costing methodologies and accounting system structures, examining their implications for pricing, profitability, working capital management, and strategic decision-making. Emphasis is placed on aligning cost information with enterprise systems, financial performance, and supply chain strategy to support evidence-based managerial leadership
Through case analyses, applied problem-solving, and systems-based projects, students will develop integrated approaches to labour costing, overhead allocation, and job and service cost analysis. Students will critically assess alternative costing methodologies and accounting system structures, examining their implications for pricing, profitability, working capital management, and strategic decision-making. Emphasis is placed on aligning cost information with enterprise systems, financial performance, and supply chain strategy to support evidence-based managerial leadership
Course code: OPMT 4240
Credits: 3.0
Tuition: $0
Length: 45.0 hours
Course outline:
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https://www.vcc.ca/vccphp/courseoutline?subject=OPMT&number=4240
Prerequisites
MGMT 1015, OPMT 2100.
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Additional Information
- Introduction to Supply Chain Financial Management and Analysis
Costing Methods and Financial Ratios
Labour costs and documentation
Material costs
Overhead costs
Job cost and service cost statements
Cost accounting systems
Working Capital Management (Overview of working capital and its components, Strategies for optimizing working capital within the supply chain, The relationship between working capital and supply chain efficiency)
Cash Flow Optimization (Understanding the flow of funds within the supply chain, Techniques to enhance cash flow, Managing payment cycles)
Trade Credit and Payment Terms (Exploring trade credit terms, Negotiating and managing trade credit terms, Balancing supplier and buyer needs, Early payment discounts and their implications)
Factoring and Invoice Discounting (Factoring and invoice discounting, Benefits and risks associated with invoice financing)
This course is offered as part of a VCC program only.
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* The amount shown is the approximate cost of tuition (for courses with tuition) or fees (for courses that do not have tuition).
Tuition and Fees are approximate and subject to change. Students are required to pay any applicable fee increases. Fees listed are for domestic students. For international programs, visit VCC International.
† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.