Executive Education — On-Campus Courses
FinListics: Financial Logistics Workshop
WHO SHOULD ATTEND
• Logistics consultants
• Logistics and Financial managers
• Account and operations managers for Third-Party Logistics providers
PROGRAM DESCRIPTION
FinListics® is a methodology for measuring the impact of changes in logistics practices on overall financial performance. FinListics® will enable you to develop a senior management's view of the financial benefits of logistics, therefore highlighting logistics potential for improving shareholder value. FinListics® focuses on the measurement and management of:
Logistics operating costs—transportation, warehousing, distribution, administrative, etc.
On-going logistics capital charges needed to support investments—inventories, accounts receivable, warehouses, fleets, technology, storage and handling equipment, etc.
Sales growth from improved logistics practices—service levels, speed to market, etc.
FINLISTICS® APPLICATIONS
FinListics® applications will enable you to invest in logistics to improve service levels and sales. By deploying the application and methodologies, you can use logistics to reduce cash cycle times; balance transportation and inventory carrying costs; consolidate your distribution network; leverage logistics outsourcing; and establish third-party inventory ownership.
SPECIAL FEATURE: FINLISTICS® VALUE MANAGER
Each participant is provided a licensed copy of the FinListics® Value Manager student version to use at the workshop and back on the job. The FinListics® Value Manager is an easy-to-use Microsoft Excel-based program developed by Dr. Stephen and Christine Timme of Finlistics® Solutions, Inc. The model incorporates the many experiences FSI educators have gained in teaching the power of FinListics® to managers throughout the world. You can immediately begin to use the FinListics® Value Manager to perform detailed financial analysis of your logistics business cases even if you have no prior background in finance.
The model helps measure your company's or logistics customers' financial logistics performance using metrics such as Economic Profit, Return on Capital, Profit Margin, Capital Utilization, Operating Costs, and Cash Flows. The model quickly helps show the link between logistics practices and financial performance.
The student model features
- Diagnostics of your company's current and historical trends in financial logistics performance
- Benchmarking of your financial logistics performance to competitors
- What-If Analyses are easily performed for improvement in logistics practices
- Goal-seeking to let you set goals for changes in financial performance
BRING YOUR FINANCIAL LOGISTICS DATA
Enhance your learning experience by bringing your own financial logistics data and business cases to the workshop. A financial logistics template is provided to help you collect all the necessary data. Use this data to gain hands-on experience measuring financial logistics performance.
PROGRAM DIRECTOR
Dr. Stephen G. Timme
The FinListics® workshop is taught by Dr. Stephen G. Timme, President
of FinListics® Solutions and previously a finance professor at
the Roberto C. Goizueta Business School at Emory University, where
he twice won the Outstanding Teacher of the Year Award. FinListics®
Solutions specializes in executive education and corporate research.
Dr. Timme is also an adjunct Professor of Finance at The Logistics
Institute at Georgia Tech.
Over the last decade, Dr. Timme has conducted customized workshops on finance and logistics for more than 15,000 executives throughout the United States, Europe, South America, and Asia-Pacific. Timme's clients include AT&T, BellSouth Corp., Coca-Cola Co., Compaq Computer, Eli Lilly & Co., Georgia-Pacific, Hewlett-Packard, IBM, Kodak, Lockheed Martin, United Parcel Service, Sears and Roebuck, and National Service Industry.
WHAT PAST PARTICIPANTS SAY
“Refreshing!
One of the best and most practical courses in which I have participated.”
— Carol Schlitchting, Director, Process Improvement and Change
Management, Aramark
“A fantastic course! I plan to encourage my organization and
customers to attend.”
— George Hrivnak, Director, Rail Logistics, GATX
PROGRAM OUTLINE
Registration 7:30 a.m.
Program Scheduled 8:00 a.m. to 5:00 p.m.
Last Day Program Ends 5:00 p.m.
Introduction to FinListics
- Logistics to improve shareholder value
- Create a competitive advantage
- Understanding total logistics costs through FinListics
- FinListics' impact on the real bottom line
Measuring
Financial Logistics Performance
- What is Economic Profit (EP)
- Using EP for logistics decision-making
- Impact of logistics on EP drivers (profitability, capital utilization,
and cash cycle time)
- Relationship between EP and other financial performance measures—profitability,
return on capital, cash flow, net present value, and others.
- Analysis of your company's Financial Logistics Performance
Creating
a Competitive Advantage by Reducing Capital Costs
- The cost of capital — the required return to debtholders
and shareholders
- Hidden logistics costs
- Estimating logistics capital costs
- Estimating logistics capital costs
- Analysis of your logistics capital costs
Evaluating
Logistics Investments
- Impact of logistics investment on future capital requirements
- Sharing accountability
- Evaluation of logistics business cases
FinListics®
Value Manager Computer Model
- Identifying logistics value drivers
- Modeling relationships between logistics value drivers and economic
profit
- Using What-ifs and Goal-seeking
to analyze impact of changes in logistics practices on financial
performance
Selling
the Value of Third-Party Logistics Services
- Identifying technical and economic buyers of logistics services
- Tradeoffs between increased logistics operating costs and reduced
logistics capital costs
Every effort is made to present the course as advertised herein; however, circumstances may make it necessary to alter the schedule and/or presenters.
REGISTRATION
- ON-LINE: Register Online via the GT Executive Education website.
- FAX: Send the registration form along with your credit card information to (404) 894-8925. This line is available 24 hours a day.
- MAIL:
Georgia Institute of Technology
Executive Education—R
P.O. Box 93686
Atlanta, Georgia
30377-0686 - CALL: (404) 385-3501 between 9:00a.m. and 4:00p.m., Eastern time. Have your credit card and registration form handy to aid in this process.
PROGRAM FEE
The program fee of $2150 includes continental breakfasts, lunches, breaks, and all classroom materials. Checks made payable to Georgia Tech are accepted for payment, as well as VISA, MasterCard, American Express, or Discover cards. Note that your credit card will be charged as soon as your registration is received. Registrants should make payment arrangements prior to the start of the program. Advance payment arrangements are required to guarantee your place in the program. If a program registrant must cancel, a substitution or transfer to another program can be made.
If the Supply Chain & Logistics Institute must cancel a program, registrants will receive a full refund. Georgia Tech, however, cannot assume the responsibility for other costs incurred. Due to program enrollment limits, early registration is encouraged. Registrations will be acknowledged by a letter of confirmation from Executive Education.
DISCOUNTS
A discount is applicable to:
- SCL Alumni (anyone who has attended a SCL course): $1950
- CSCMP (Council of Supply Chain Management Professionals), AST&L, INFORMS, NASSTRAC, and the Atlanta Supply Chain Leadership Council. : $1950
- Education Partners: $1750
PROGRAM LOCATION AND ACCOMMODATIONS
This program will be held at the Georgia Tech Global Learning Center located at 84 5th Street, NW, Atlanta, Georgia. The GLC is the new home for all SCL courses at Georgia Tech. Visit the Global Learning Center at http://www.gatech.edu/techsquare/.
To receive the discounted room rate, registrants must call the hotel at (800) 706-2899 and indicate their association with the Georgia Tech program. Reservations made through a travel agency will not be discounted.
CONTINUING EDUCATION UNITS
This program meets criteria for the nationally accepted Continuing Education Unit (CEU). Each participant completing the program will earn 1.2 CEUs and a program certificate. A certificate of completion, showing the accumulated CEUs earned, can be requested by emailing ceu-request@dlpe.gatech.edu.
CERTIFICATE PROGRAM
Participants who complete multiple SCL courses can qualify for the Supply Chain & Logistic Certificate. Learn More
CANCELLATION AND REFUNDS
To cancel your registration and receive a full refund, you must call Executive Education at (404)385-3501 at least 10 business days prior to the course start date. A course cancellation received fewer than 10 days prior to the course start date will be refunded the registration amount, less $50 to cover the costs of materials and facilities. If you do not call Executive Education to cancel your registration and do not attend the course, you are still responsible for the full registration fee.