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Live Webinar

90-minute live streaming program
  • January 23
  • 1:00 - 2:30 pm EST

Executing Cost Saving Strategies

January 23

Gain insight into what it takes to identify potential cost savings opportunities for your company.

Zero-Based Budgeting has catapulted into the spotlight as a radical way of re-engineering the General Ledger and as a formidable tool in the battle against bloat for established businesses. But, realistically, how do you implement it? Is it a viable option for all industries? What are the pitfalls you should guard against, and how do you optimize it for your business? In this practical topic, you will learn the broad applicability of Zero-Based Budgeting, not just as an austerity measure, but as an enabler of innovation. You will learn real-life examples from its usage within a fast-growing global technology company with aspirations of becoming the leader in end-to-end Omni channel solutions and software.

Learning Objectives

  • You will be able to identify how to create an enterprise-wide ownership structure that drives financial accountability across the businesses.
  • You will be able to describe how to prioritize software development, marketing, people, and innovations through the Zero-Based Budgeting method.
  • You will be able to review how to reconsider your spend guidelines.
  • You will be able to identify how to redefine procurement and consider incentive changes.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Create an Enterprise-Wide Ownership Structure That Drives Financial Accountability Across the Businesses

Approach the Definitions for Every Cost in the Business

Reconsider Your Spend Guidelines

Redefine Procurement and Consider Incentive Changes

Use New Tools for Tracking and Budgeting

Prioritize Software Development, Marketing, People, and Innovations Through the Zero-Based Budgeting Method

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators, buyers and project directors.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David Feierstein

David Feierstein - Independent Consultant

  • Joined NCR Corporation in February 2016 leading the newly formed Transformation Office and Zero-Based Budgeting initiative
  • August 2013 to January 2016 David was the Global Head of Zero Based Budgeting, CAPEX and Working Capital at Kraft Heinz and was instrumental in the Kraft integration and Heinz transformation delivering over $550 million in SG&A cost savings during his tenure
  • July 2011 to August 2013 David worked at Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs and from July 2007 to July 2011 at J.P. Morganís Investment Bank in the Mergers & Acquisitions and Natural Resources groups
  • David continues to serve as an advisor to multiple companies including those owned by large private equity funds on the topic of Zero-Based Budgeting. David currently lives in New York City
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 404450
Published 2019
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