Financial management for the Supply Chain Professional film is one of the few works that has been dedicated to explaining financial management concept. The over one hour video has broken up its agendas into five sections which ultimately leaves the audience with important information concerning financial management concept. The presenter is the only visible participant in the video. An audience can only be heard but not seen. Ultimately, the audience is getting to understand how to read and prepare ratio analysis, financial statement and break-even analysis.
The presenter of the film has addressed the importance of financial management, financial management thinking, relating to reasons why financial management is important. He has managed to touch on the important element of financial management for the supply chain professional. Some of the ideas coming from the presentation include how to estimate the capital requirement, determination of capital composition, investment of funds, disposal of surplus, choosing sources of funds and disposal of funds.
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The film has partly presented meaningful Supply Chain concepts for the week. The presenter has acknowledged language of finance by touching on a financial concept, tools, and techniques. He has also shown his audience how to apply tools and techniques to be able to support decision making and management of risks. Through the film, one is also able to understand the value of supply chain management and managers in the company financial indicators. Supply chain financial management is important in supporting the Maturity of supply chain discipline.
Finance manager or supply chain professional should be in a position of making an opinion of the required capital for their company. The information should be based on the expected costs and profit and organization future programs and policies. Ability to make an opinion of the required capital is the beginning of sound financial management. It also helps organization increase earning capacity of the organization; hence estimation must be made adequately.
The second information from the video is how it is important to affect the capital composition fate making an estimation. This is where the organization needs to decide on the capital structure. According to the video, this process involves short term and long term debt equity analysis. Everyone likes to learn new things in life, therefore the reason why the internet has become one of important elements in the life of human being. People are yearning for information a fact maker of an educational film should keep in mind as they create content. The video has packed important content in their presentation but has failed in making the video interactive something that would have made not only the video interesting but helps the audience understand the contents fully. Explainer video should be designed for any target audience. Explainer videos should be a short and engaging breakdown of broader concepts. They should be light, entertaining and informative. Though this video lacks most of the mentioned elements, they have been having been able to explain complicated matters that have proved to be challenging to various organizations.
The film should be designed to help supply chain profession to grow and develop a good professional as they get to apply financial concepts, techniques, and tools. It can be achieved by speaking and applying corporate language.
