This course will be able to contribute towards the creation of sustainable value through analysing current cost and pricing strategies and recommending improved strategies that will make meaningful contributions towards the achievement of organisational strategic imperatives.

A learner completing this course will be able to:

• Analyse the fundamentals of cost.
• Use various mechanisms to manage the price of products and services.
• Use various cost analysis techniques to calculate the real cost of products and services.
• Use cost and target based pricing to determine prices.
  

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WHAT YOU WILL LEARN:

• Analyse the fundamentals of cost.
• Types of cost are analysed to reflect the application of alternative costing systems.
• The application of various costing systems within the supply chain are analysed indicating their advantages and disadvantages.
• The concept of total cost of ownership is evaluated to determine its use and how to solve problems related to its application.
• The process of developing a total cost of ownership system is evaluated to reflect its uses and the purpose of total cost of ownership data.
• Use various mechanisms to manage the price of products and services.
• The prices of products and services are managed by determining the impact of various market structures.
• The impact of various economic conditions are utilised in the management of price of products and services.
• The fundamental pricing strategy of a seller is used to manage the price of products and services.
• The prices of products and services are managed in a way that reflects the impact of product specifications on price.
• The management process reflects the way in which purchase volume and quantity discounts on price impacts on prices of products and services.
• The producer price index is used to manage price in specific scenarios.
• Use various cost analysis techniques to calculate the real cost of products and services.
• Supplier costs are estimated using reverse price analysis.
• Production cost scheduling is conducted to calculate the real cost of products and services.
• The cost of products and services is evaluated through graphical analysis.
• A break even analysis is conducted to reflect its importance in creating sustainable value.
• A learning curve analysis is conducted to determine its influence on pricing strategies.
• Use cost and target based pricing to determine prices.
• The concept of target pricing is interrogated to determine its influence on the determination of prices.
• Cost based pricing is used to determine prices in specific scenarios.
• The prerequisites for successful target and cost based pricing are identified and applied.
• An integrated cost and pricing strategy is developed to suit specific scenarios.
  

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COURSE DELIVERY

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace (recommended duration 8 weeks). You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

ASSESSMENT AND AWARD OF THE CERTIFICATE

You are not required to write any exams as a formative and summative assessment is completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

ENTRY REQUIREMENTS

The only entry requirement for this course is a desire to learn and advance your career.
In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Supply Chain Management cost and pricing strategies Online Short Course appeared first on School of Shipping.

This course is intended for people who work in the buying/planning function of an organisation. They are responsible for setting the selling prices of stock for re-sale. Their negotiation could be for any reason such as price/deal negotiation, delivery, payment terms, designs etc.

Persons completing this course will be capable of:

• Describe processes & principles used when negotiating with the suppliers.
• Plan to negotiate with the suppliers.
• Negotiate with the suppliers.
• Review negotiation with the supplier.

WHAT YOU WILL LEARN:

• Describe processes & principles used when negotiating with suppliers.
• The philosophy of negotiation is explained in terms of the values and approach of the organisation.
• The various circumstances for negotiations are described along with their objectives as it applies to the organisation.
• The relevant negotiation processes used in the organisation are described according to the process for negotiating with suppliers.
• Plan to negotiate with the suppliers.
• The objectives of the negotiation is determined in terms of required outcomes as determined by the organisation.
• Factors that are/are not negotiable are identified in terms of the negotiation to take place.
• The strategy to be used is planned in terms of the required information and resources required as it applies to the organisation.
• Possible strategies of the other parties are explored along with responses that might be required from the negotiator in order to plan for negotiations.
• Fallback positions and options as per planned negotiations are determined as required by the organisation.
• Negotiate with the suppliers.
• The negotiating atmosphere is set in terms of the negotiating strategy of the organisation.
• Proposals and counter proposals are presented in a way that is clear and understandable to all parties in line with organisation’s strategy for suppliers.
• The negotiation process and follow up points are recorded as required by the organisation.
• Review negotiation with the suppliers.
• The negotiation process and results is reviewed in terms of the original objective set by the organisation.
• The negotiation process is reviewed to identify strengths and weaknesses in the negotiation process.
• The review identifies areas for development and recommendation for future improvement are made.
  

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COURSE DELIVERY

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace (recommended duration 8 weeks). You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

ASSESSMENT AND AWARD OF THE CERTIFICATE

You are not required to write any exams as a formative and summative assessment is completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

ENTRY REQUIREMENTS

The only entry requirement for this course is a desire to learn and advance your career.
In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Negotiate with suppliers Online Short Course appeared first on School of Shipping.

After this course you will be able to perform routine financial transactions and calculations and need to apply the processes and procedures necessary to initiate the recording of disbursements and revenues, and to understand the financial implications to the organisation of each element in the transaction.

The qualifying learner is capable of:

• Explaining items of expenditure and revenue.
• Explaining fixed and variable costs.
• Performing invoicing operations and post amounts to the appropriate accounts.
• Reconciling and identifying individual transactions with statements of accounts.
• Identifying and disbursing the items on behalf of the organisation to be recovered in the invoicing process.
  

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WHAT YOU WILL LEARN:

• • Explain items of expenditure and revenue.
  • A definition of expenditure is provided in the context of freight forwarding and customs clearing.
  • A definition of revenue is provided in the context of freight forwarding and customs clearing.
  • The difference between expenditure and revenue are explained as they apply to freight forwarding.
  • Explain fixed and variable costs.
  • Fixed cost is defined with examples.
  • Variable cost is defined with examples.
  • Three examples are provided where fixed costs could happen.
  • Examples are provided where variable costs could be confused as fixed costs.
  • Three examples must be given.
  • The consequences of a variable cost being confused as a fixed cost is explained with examples.
  • Perform invoicing operations and post amounts to the appropriate accounts.
  • An invoice is prepared which has items of expenditure and items revenue for a sea freight shipment for a full container load and import which has paid customs duty, duty schedule, and the ocean freight is on a collect basis.
  • An invoice is prepared for an air freight export shipment which has items of expenditure and items of revenue where the master airway bill is collected, insurance must be invoiced as well as cartage collection charges.
  • The expenditure items must be posted to the appropriate accounts for both the seafreight and airfreight invoices.
  • A record is made up of the over-recoveries of the items of expenditure which must later be taken to profit.
  • Reconcile and identify individual transactions with statements of accounts.
  • Ocean freight or air freight is identified as items of the organisations invoices.
  • Cartage is identified as an item of the company’s invoices and statements from the transporter taking into account all over-and-under recoveries.
  • All landside and surface charges are identified including port authority charges, airline charges, depot charges and carrier’s handling.
  • All customs and charges are identified and reconciled with bills of entries, statements and deferment accounts.
  • Other disbursements charges are identified and reconciled with invoices from those parties taking into account all over-and-under recoveries.
  • Other disbursements may include but is not limited to other agents’, storage charges, packing, fumigation, inspection, insurance.
  • Supplementary charges from outside parties are identified and reconciled to the organisations invoice taking into account all over-and-under recoveries.
  • Supplementary invoices are disbursed by the organisation and account for all disbursement items which have been invoiced.
  • Reconciliation is made between the invoices and statement of accounts.
  • Identify and disburse the items on behalf of the organisation to be recovered in the invoicing process.
  • Cartage charges as disbursed by the organisation, are identified and posted to the cartage disbursement account.
  • Storage charges as disbursed by the organisation are identified and posted to the storage disbursement account.
  • All special charges such as extra attendance are disbursed by the organisation are identified and posted to the disbursement accounts.
    

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Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours of Study)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Basic Accounting & Invoicing 1- Online Short Course appeared first on School of Shipping.

The program is designed to provide non financial managers with a better understanding of  financial management and  empowers learners with enough understanding of the financial forces that affect the Decision making process. Delegates will be given the ability to interpret financial statements and use the information to make those financial decision.

TARGET AUDIENCE

The Online Training will benefit any businessperson involved in finance requiring a theoretical understanding and practical application of financial tools, techniques, procedures and terminology.

WHAT THIS COURSE CAN DO FOR YOU…  

Understand the importance of financial management

Identify, solve problems and make financial decisions

Understand basic accounting principles and concepts

Analyse the elements of an income and expenditure statement

Analyse the elements of a balance sheet

Be able to compile a personal assets and liabilities statement

COURSE CONTENT

Accounting Concepts and Principles

Understand accounting principles and concepts

Understand entries in the general journal and ledger

Terms, language and concepts used in accounting

Depreciation

Principle of depreciation

Types of depreciation used in business

Calculating different types of depreciation

How depreciation affects the worth of a business

The Accounting Cycle

Understand the process of Accounting

The Accounting Cycle

Recording entries in the general ledger

Draw up and interpret a Trial Balance

The Income Statement

Components of an Income Statement

How to calculate gross profit

How to compile and interpret an Income Statement

Understand the link between Income Statement and Balance Sheet

The Balance Sheet

Components of the Balance Sheet

Compile and interpret a Balance Sheet

Ensure that the business is performing at its optimal level

The Working Capital Cycle

Components of working capital – assets, liabilities and net current assets.

Consequences of poor management of working capital

Improving the management of working capital

Understand the working capital cycle to assist a business in running profitably.

Cash Flow

Components of the cash flow statement.

Understand how to interpret the cash flow statement.

Duration

You may begin at anytime and the training should take approximately 2 weeks to complete on a part time basis.(6-8 Hours of Study)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Basic Accounting 2 – Online Short Course appeared first on School of Shipping.

What you will Learn:

Foreign exchange transactions in an international trading company

• Verifying foreign exchange transactions.
• Carrying out foreign exchange receipt and payment procedures.
• Reporting on foreign exchange transactions.
  

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Gather information and report on client profitability

• The concept of profitability benchmarking.
• Handling rate structure alternatives to those engaged in securing new business and retaining existing business.
• Processing and reporting on actual vs. benchmark profitability results to affected parties.
  

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Generate shipment cost estimates                                                                                   

• Determining cost criteria.
• Selecting routing structure.
• Calculating and communicating estimates.
  

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Perform international purchasing functions    

• Arranging a purchase order with an appointed supplier on receipt of requisitions.
• Following up and expedite international purchase orders.
• Initiating claims procedures in respect of goods that are received lost, damaged or discrepant.
  

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Perform international trade calculations

• Using factorisation techniques for the purpose of allocating costs in international trade transactions involving a number of commodities.
• Applying percentage calculations in pricing negotiations, in order to determine their viability.
• Explaining and converting foreign currencies as part of landed and export costing calculations.
• Calculating interest on amounts owing and owed to the business for the purposes of cash flow management.
• Explaining and calculating landed and export costing using given variables.
• Performing break-even analysis.
• Performing cash flow analysis as part of international project management.
  

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Duration

You may begin at anytime and the training should take approximately 14 weeks to complete on a part time basis.(6-8 Hours of study per Module)

Course Delivery

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace. Our courses can be started on Demand.

A Subject Matter Expert with over 40 years Managerial and operational experience in Freight Forwarding, International Trade and customs compliance  will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

Assessment and Award of the Certificate

You are not required to write any exams, assessments are completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

Entry Requirements

The only entry requirement for this course is a desire to learn and advance your career.

In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language

The post Global Trade Financing and Purchasing – Online Short Course appeared first on School of Shipping.