The Centre for Advanced Wood Processing will be offering the two online management skills training courses starting on November 12, 2012. The Business Finance & Equipment Evaluation and Factory Planning & Equipment Justification will run between November 12th – December 23, 2012.

The Centre for Advanced Wood Processing is now offering a set of affordably-priced online courses to teach skills such as production planning, quality management, new product development, and equipment justification to workplace learners in the wood products industries. Each module requires about 5hrs of study per week for 6 weeks. The courses were designed specifically for the wood products industry and the content is based on case studies from the various sub-sectors. Our goal is to teach skills that can be immediately applied in the workforce related to production, purchasing, HR, QC, equipment evaluation and purchase, sales/marketing, and new product development. These are NOT academic courses, and the skills learned can be applied immediately in the workplace. Each course is led by a tutor with extensive industry experience. For more information on this course please click the following link: Management Skills Training Program

The following is list the learning objective for the courses:

Business Finance & Equipment Evaluation

· Be able to generate accurate raw accounting data

· Have knowledge of financing options, sources of capital, basic accounting skills, understanding financial statements (balance sheets, income statements, statements of cash flow, etc.), measures of assessment (e.g. operating profit versus net profit)

· Describe the difference between fixed costs and variable costs

· Explain time value of money, payback periods, and net present value

· Explain and use basic accounting terminology

· Perform cost benefit calculations

Factory Planning & Equipment Justification

· Analyze data (quality and production) to assist in equipment justification decisions

· Describe the true cost of capital acquisitions, including initial costs, training, installation, maintenance, and parts costs

· Develop equipment proposals including cost savings, quality improvements and impact on existing manufacturing conditions.

· Explain the main decision affecting the layout and design of a modern secondary manufacturing facility

· Describe the impact of the plant design on production methods, cost, training needs, inventory requirements, product quality and production scheduling.

· Evaluate alternative layouts in terms of product throughput, cost and profit

More detailed information: WMC Management Skills Training

To register, please contact Jason Chiu at 604-822-0082 or

Source: Centre for Advanced Wood Processing

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