vcc.ca
OPMT 4240: Strategic Supply Chain Finance, Cost Analytics, and Value Creation
Effective date
January 2027
Department
Global Supply Chain Management
School
Hospitality, Food Studies and Applied Business
Description
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
Credits
3.0
Year of study
4th Year Post-secondary
Prerequisites
MGMT 1015, OPMT 2100.
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Explain supply chain financial concepts and principles.
- Analyze supplier financial data as part of the pre-purchase order/contract award stage.
- Account for material costs by completing pro forma stock control documentation relating to the movement of materials into a business, within a business, and from a business.
- Evaluate and design labour cost accounting systems
- Analyze and justify methods for the apportionment and allocation of overhead costs
- Design, interpret, and evaluate job cost and service cost statements
- Develop and implement integrated cost accounting systems
- Critically assess working capital strategies within supply chains
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Lecture, Online, Seminar, Tutorial: 45
Total Hours: 45
Total Hours: 45
Instructional Strategies
Lectures, groupwork, case studies, problem solving.
Grading System
Letter Grade (A-F)
Passing grade
D
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Project |
20 |
Supply chain finance project |
|
Attendance |
10 |
|
|
Assignments |
30 |
A number of assignments related to cost accounting, costing methodologies and accounting system structures |
|
Midterm Exam |
15 |
|
|
Final Exam |
25 |
|
Course topics
- 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)
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.