9780262043595-0262043599-Practical Finance for Operations and Supply Chain Management (The MIT Press)

Practical Finance for Operations and Supply Chain Management (The MIT Press)

ISBN-13: 9780262043595
ISBN-10: 0262043599
Author: Serrano, Alejandro, Lekkakos, Spyros D.
Publication date: 2020
Publisher: The MIT Press
Format: Hardcover 480 pages
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Book details

ISBN-13: 9780262043595
ISBN-10: 0262043599
Author: Serrano, Alejandro, Lekkakos, Spyros D.
Publication date: 2020
Publisher: The MIT Press
Format: Hardcover 480 pages

Summary

Acknowledged authors Serrano, Alejandro, Lekkakos, Spyros D. wrote Practical Finance for Operations and Supply Chain Management (The MIT Press) comprising 480 pages back in 2020. Textbook and eTextbook are published under ISBN 0262043599 and 9780262043595. Since then Practical Finance for Operations and Supply Chain Management (The MIT Press) textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

An introduction to financial tools and concepts from an operations perspective, addressing finance/operations trade-offs and explaining financial accounting, working capital, investment analysis, and more.

Students and practitioners in engineering and related areas often lack the basic understanding of financial tools and concepts necessary for a career in operations or supply chain management. This book offers an introduction to finance fundamentals from an operations perspective, enabling operations and supply chain professionals to develop the skills necessary for interacting with finance people at a practical level and for making sound decisions when confronted by tradeoffs between operations and finance. Readers will learn about the essentials of financial statements, valuation tools, and managerial accounting.

The book first discusses financial accounting, explaining how to create and interpret balance sheets, income statements, and cash flow statements, and introduces the idea of operating working capital―a key concept developed in subsequent chapters. The book then covers financial forecasting, addressing such topics as sustainable growth and the liquidity/profitability tradeoff; concepts in managerial accounting, including variable versus fixed costs, direct versus indirect costs, and contribution margin; tools for investment analysis, including net present value and internal rate of return; creation of value through operating working capital, inventory management, payables, receivables, and cash; and such strategic and tactical tradeoffs as offshoring versus local and centralizing versus decentralizing. The book can be used in undergraduate and graduate courses and as a reference for professionals. No previous knowledge of finance or accounting is required.

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