Finance for Operations Professionals
This course teaches operations professionals the financial tools needed to optimize resource allocation, reduce costs, and improve efficiency.
Duration: 1 Day
Hours: 2 Hours
Training Level: All Level
About the Course:
This course teaches operations professionals the financial tools needed to optimize resource allocation, reduce costs, and improve efficiency. It emphasizes the financial impact of operational decisions on overall business performance.
Course Objective:
- Budgeting and cost control for operations
- Financial analysis of supply chain and inventory management
- Understanding cost structures and profit margins
- Using financial metrics to measure operational efficiency
- Scenario analysis for capital expenditures and process improvements
Who is the Target Audience?
- Managers and team leaders in non-finance departments
- Entrepreneurs and small business owners
- Professionals seeking to understand financial performance
Basic Knowledge:
- No prior knowledge needed
Curriculum
Total Duration: 2 Hours
Financial Fundamentals for Operations
- Key metrics: Cost of goods sold (COGS), gross margin, and working capital
Budgeting for Operational Activities
- Effective allocation for supply chain, logistics, and production
Cost Analysis and Control
- Identifying and managing fixed vs. variable costs
Inventory and Supply Chain Financial Metrics
- Turnover ratios, carrying costs, and supply chain efficiency
Capital Expenditure Decisions
- Financial evaluation of investment opportunities
Case Studies
- Operational initiatives with measurable financial impact