To communicate effectively with senior management, you have to speak their language—and that means the language of finance. But logistics managers aren't always fluent in that tongue.
To help them learn how to present the benefits of various supply chain management solutions and practices in financial terms, Georgia Tech's Supply Chain & Logistics Institute has developed the "Finlistics: Financial Logistics Workshop." The workshop, which will be held Nov. 5-6 in Atlanta, presents a methodology for measuring the impact of supply chain changes on overall financial performance. Stephen Timme, president of FinListics Solutions, will offer instruction on how to apply metrics such as economic profit, return on capital, profit margin, and capital utilization to logistics performance. The program will cover benchmarking, growing sales from improved practices, and reducing total supply chain operating costs.
Each participant in the course, which costs $1,950, will receive a licensed copy of the student version of FinListics Value Management. For more information, visit www.scl.gatech.edu.