Financial Intelligence for Supply Chain Managers: Understand the Link between Operations and Corporate Financial Performance - Hardcover

Leon, Steven

9780133838312: Financial Intelligence for Supply Chain Managers: Understand the Link between Operations and Corporate Financial Performance

Hardcover

ISBN 10: 0133838315 ISBN 13: 9780133838312

Publisher: Pearson FT Press, 2016

Discover how your supply chain and operations work impacts financial performance, and how to align your efforts to help your company succeed - the fastest, best way to supercharge your own career! As a supply chain or operations professional, you may clearly understand your operational performance goals. But if you want to get promoted, you need to know how your day-to-day work powerfully impacts the financial metrics your top executives care about most. Financial Intelligence for Supply Chain Managers gives you this insight. Steve Leon broadens your view of what you do every day, so you can make your entire business more successful. Using new case studies and executive interviews, Leon explains: *How supply chain and operations decision-making directly impacts ROI, Return on Assets, Working Capital, Cash Conversion Cycle and other key financial metrics*How to make choices that help your company lead financially from a supply chain and operations perspective*What to do when executive management sets a specific financial goal*How the cross-functional nature of supply chain management makes it harder to achieve financial goals - and what to do about it*What you need to know about financial documents such as balance sheets and income statements*How performance measures and reward systems can sometimes conflict, damaging financial performance - and what to do about that, too Supply Chain Finance will be indispensable to everyone with supply chain or operations responsibilities -- in inventory, purchasing, sourcing, logistics, transportation, manufacturing, service operations, forecasting, demand management, supply chain network design, process improvement, supply management, project management, and beyond!

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From the Back Cover:

The Complete Finance Guide for All Supply Chain and Operations Professionals

Gain the financial knowledge you need to supercharge your career!
Learn how your day-to-day work impacts key financial metrics
Tightly align your operational work to enterprise performance goals
Master the key financial principles and reports all supply chain executives need to know

As a supply chain or operations professional, you might clearly understand your operational performance goals. But if you want to get promoted, you need to know how your day-to-day work impacts the financial metrics top executives care about most. Financial Intelligence for Supply Chain Managers gives you this insight. Steven Leon broadens your view of what you do every day, so you can make your entire organization more successful.

Using practical examples, Leon shows how supply chain and operations decision-making affects ROI, return on assets, working capital, cash conversion cycles, and other key financial metrics. You’ll learn how to directly link your work to enterprise financial performance, whether you’re focused on improving fill rates, reducing lead times, or moving toward JIT inventory management.

Leon clearly explains the key financial principles and reports you must understand to move forward in your career. He also offers real-world advice for responding to specific corporate financial goals, aligning supply chain functions to improve financial performance, and addressing many other finance-related issues.

While you’re working in the trenches to improve supply chain and operational performance, senior executives are focused on wider enterprise financial metrics such as ROIC, EPS, and cash flow. To move forward in your career, you must speak their language and anticipate their concerns. Now, leading supply chain expert Steven Leon brings together all the knowledge you need to do just that.

Leon doesn’t just teach you key financial principles: He links them directly to what you do every day, so you can do it far more successfully. You’ll learn how to use operational and financial data to make better decisions that drive shareholder value higher. You’ll become far more effective at setting priorities and making a business case for them—whether you want to invest in facilities, machinery, materials, employee recruitment and development, or anything else.

Finance isn’t just a set of tools and terms. It’s a disciplined, quantitative approach to decision-making that executives rely on constantly. With Leon’s guidance, you’ll become comfortable with both the language and the mindset of finance. If you want to help make the decisions that matter most, you need this knowledge and these skills.

What supply chain professionals need to know about:

Reading and understanding financial statements
Using ratios to evaluate the performance of an industry, organization, or manager
Managing supply chains to increase a company’s valuation
Helping your organization optimize cash flow and cash conversion cycles
Driving financial value by improving collaboration internally and with partners
Choosing the supply chain investments that deliver the greatest returns

About the Author:

Steven Leon is a Clinical Professor of Supply Chain and Operations Management in the Marketing Department of the College of Business Administration, University of Central Florida. Prior to his transition to academia, he spent many years in the air transportation industry, particularly in flight operations. Steve is also an accomplished entrepreneur. His research interests include supply chain strategy and financial performance, service operations, behavioral decision-making, and air transportation. He is the author of Sustainability in Supply Chain Management Casebook: Applications in SCM, Financial Times Press, and other peer-reviewed academic journal articles. Steve earned his Ph.D. in Transportation and Logistics from North Dakota State University, and his MBA in International Business from Loyola University, Maryland.

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