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. The course will incorporate considerations for zero-emissions vehicles in supply chain operations, including cost-benefit analyses, investment evaluation, and financial impacts of sustainable transportation solutions. In the second half of the course, students will learn about the various financial concepts and principles that relate to supply chains, including working capital management, cash flow optimization, trade credit and payment terms, factoring and invoice discounting. Special attention will be given to financial frameworks that support the transition to zero-emissions fleets and the long-term financial viability of sustainable supply chain practices.
Prerequisites
Course type
This course is offered as part of a VCC program and cannot be taken individually.
International students: Eligibility is determined at the program level. Visit the program page for international student requirements and application 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)
Methods of assessment may include a challenge exam, submission of a product or portfolio for review, or a practical demonstration. Please contact the Department for details.
Course schedules
Select your program to see the available course schedules.
How to take this course
This course is offered as part of a VCC program only.
Contact us
If you have any questions, please email at [email protected].
† 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.