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Financial Decision Making (Virtual-Instructor led)

Special Note

The course is comprised of (3) 90-minute instructor-led LIVE group webinars (January 20, 27, February 3 | 1:30-3pm EST) with each webinar requiring (1) 90-minute session of online pre-work to be completed before each webinar (total of 9 hours). Participants will be able to access the online "pre-work" material Wednesday, January 6th.

Course Description

The course is designed to help participants understand how decisions impact financial performance, identify initiatives to improve company performance, and build better business cases with the overall goal of improving financial acumen and decision-making. The course utilizes hands-on applications, group discussion, and exercises.

Who Should Attend

Early or middle stage career professionals who are or will be responsible for executing organizational strategy tied to an integrated view of the organization (including professionals from distribution and logistics, production, procurement and operations).

How You Will Benefit

  • Enhance your financial acumen
  • Gain a framework for better managing financial performance
  • Understand how faster decision-making can help more quickly capture business and financial benefits
  • Obtain practical experience relating to putting together a business case for a real project

What Is Covered

  • The measures (return, cash flow, etc.) and key drivers (revenue, profitability, asset utilization) of financial performance
  • The ‘Power of One’ – the impact of improving any financial metric by 1% (e.g. 1% increase in revenue, 1% decrease in cost of goods sold & 1-day reduction in inventory)
  • How improvement in operational key performance indicators (KPIs) improves cash flow and overall financial performance, and how to better manage activities that impact operational KPIs.
  • Building a business case (strategic fit, critical success factors, change management, intangible benefits, financial criteria e.g., cash flow, payback, NPV and breakeven analysis) and using a business case as a project plan

Webinar 1– Managing Financial Performance

Objectives
  • Develop deeper understanding of the importance and drivers of financial performance
  • How it is influenced by individual decisions and collectively as a team
Pre-work
  • Review Financial Acumen eLearning
  • Identify the areas of financial performance they are responsible for managing
  • Examples of decisions that impact a company’s overall performance
  • Analysis of company (or company of choice) financial performance using FinListics ClientIQ. If participant’s company is private, can analyze another company.
  • Pre-work submitted prior to webinar 1 for review by facilitator.
Topics
  • Overall measures of performance (return, cash flow, etc.)
  • Key drivers of financial performance
    • Revenue
    • Profitability
    • Asset utilization
  • Activity: Analyze financial performance – trend, peer, and industry
  • Activity:
    • Power of One - what are cash flow benefits from improvements in:
      • Financial metrics by 1% (e.g. 1% increase in revenue, 1% decrease in cost of goods sold)
      • Capital Utilization (e.g. 1-day reduction in inventory)
    • Gap Analyses
      • Improvement in financial metric to best performing year or best performing peer
  • Key take-aways and how participants will apply what they have learned

Webinar 2 – Improving Financial Performance

Objectives
  • Develop deeper understanding of how improvement in operational key performance indicators (KPIs) improve cash flow and overall financial performance
  • Explain how participants can better manage activities impacting operational KPIs
Pre-work
  • Identify operational KPIs they help manage
  • Identify initiatives to improve operational KPIs
  • Pre-work submitted prior to webinar 2 for review by facilitator.
Topics
  • Framework for better managing financial performance
    • Financial metrics -> business processes -> activities and tasks -> operational KPIs
  • Activity: Identify KPIs participant’s company is most focused on improving (e.g., materials, labor, closure rate, employee turnover, etc. What lines of business would be involved? What are the initiatives? What are the business benefits?)
  • Activity: Power of One and Gap Analyses – what are cash flow benefits from:
    • Improve targeted operational KPIs by 1%
    • Improve performance to targeted performance
    • Cost of delay in achieving improvement in performance
  • How faster decision-making can help the company more quickly capture business and financial benefits.
  • Key take-aways and how participants will apply what they have learned

Webinar 3 – Building the Better Business Case

Objectives
  • Develop initiative that helps improve participant’s company financial performance
  • Develop deeper understanding of building a business case
  • Using the business case as project plan instead of check-the-box to get approval
Pre-work
  • Review Business Case Acumen eLearning
  • Build on initiative identified in Webinar 2
  • Develop initial business case
  • Conduct cash flow analysis using FinListics ClientIQ
  • Pre-work submitted prior to webinar 3 for review by facilitator.  
Topics
  • Business case overview
    • Qualitative – e.g., strategic fit, critical success factors, change management, intangible benefits etc.
    • Quantitative – financial criteria e.g., cash flow, payback, NPV, etc. and breakeven analysis
    • Monitoring and managing success 
  • Activity: Present initial business case and receive feedback from peers and facilitator
  • Summary of webinar series
    • Key take-aways
    • How participants will apply what they have learned
    • What / how will they share with others

Course Materials

Required

  • Canvas and Articulate Learning Management Systems - Visit https://pe.gatech.edu/technology-requirements to ensure the computer you will be using meets the minimum technical requirements to access online material and lessons associated with this course.
  • BlueJeans using both audio and video - Please visit https://bluejeans.com/111 to ensure the computer you will be using is compatible.

Provided

  • You will be provided with a URLs, usernames and passwords to access pre-work, course material and webinars. Course access will be provided one week before and through one week after the webinar series.

Course Prerequisite and Related Certificate Information

None. This course is part of the Supply Chain Management (SCM) Certificate.

Course CEUs

This course provides for 0.90 continuing education units (CEUs).

Course Instructors

Course Fees

Standard: $1,250.00, Alumni/Org Discount: $1,125.00, Certificate: $1,037.50 (cost of each course when signing up for and paying for a multi-course certificate program).

First time attendees pay the listed Course Fee. If you are a returning student of the Supply Chain & Logistics Institute (SCL) courses (or are active/retired military), you will receive a 10% discount when you enter the coupon code SCL-Alum on the "Check Out" page. If you register and pay for all required courses in a Supply Chain & Logistics certificate in one single transaction, you can receive a discount of 17% off each course by entering the coupon code SCL-Cert on the "Check Out" page. There are also discounts available for multiple-team member registrations or to members of certain organizations.

Discounts cannot be combined. For questions, call 404-385-8663 or send us an email prior to registration

The program fee for LIVE courses (non-online) includes continental breakfasts, lunches, breaks, parking, internet access, and all classroom materials.

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 Professional Education.

Course Times

(3) 90-minute instructor-led LIVE group webinars (all 1:30-3pm EST)

  1. January 20, 2021
  2. January 27, 2021
  3. February 3, 2021

(3) 90-minute "pre-work" sessions to be accessed and completed online before each webinar (one 90-minute session per webinar)

UPCOMING OFFERINGS*

January 20, 2021 to February 3, 2021
Online (Instructor-led)

Brochures/Flyers

This has been the best training I have ever had at Cisco. Simply amazing!

Stephen is very knowledgeable and his experience, and examples are invaluable for creditably.

The concept of "power of one" will help put into perspective how valuable our solutions are, given the tremendous cost saving potential vs the cost of the solutions.  Especially when the lifecycle of a typical solution is so long.

What I liked were real-life examples to clarify the presentation

I really enjoyed learning the Client IQ tool. It's a great tool and I would argue that access to the tool is worth the price of the course.

 
 
 
ISyE location map

Georgia Tech Supply Chain and
Logistics Institute
H. Milton Stewart School of
Industrial & Systems Engineering
765 Ferst Drive, NW, Suite 228
Atlanta, GA 30332
Phone: 404.894.2343