Learn how to optimize zero-based budgeting and understand the pitfalls you should guard against.
Zero-based budgeting has catapulted into the spotlight as a radical way of re-engineering the general ledger and 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 course, you will learn the broad applicability of zero-based budgeting, not just as an austerity measure but as an enabler of innovation. Learn real-life examples from its usage within a fast-growing global technology company with aspirations of becoming the leader in end-to-end omnichannel solutions and software.
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Why Lorman?
Over 35 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 35 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
OnDemand Course
This course was last revised on May 13, 2022.
Call 1-866-352-9540 for further credit information.
- ISM 1.0
- Participants who successfully complete this program will receive 1.0 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.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 35 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
Ronin Equity Partners
- Co-Founder and Managing Partner of Ronin Equity Partners
- Before he formed Ronin, he was the Head of the Transformation Office at Diversey, the second-largest industrial cleaning business in the world, joining the team as part of its purchase by Bain Capital; there, he oversaw the value creation of the transaction in cost management, organizational excellence, and cash flow optimization
- Prior to Diversey, he led the Transformation Office at NCR Corporation, a provider of hardware, software, and technology services to the financial sector, coming on board through Blackstone’s investment in the business; his time at NCR was preceded by his tenure leading global zero-based budgeting, capital investment, and working capital at Heinz and Kraft Heinz as part of 3G Capital and Berkshire Hathaway’s purchase of these businesses; he was instrumental in the Kraft integration and Heinz transformation, delivering $2.0 billion in cost savings during his time there
- Previously worked at Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, and began his career at J.P. Morgan’s Investment Bank in the Merger & Acquisitions and Natural Resources Groups
- Continues to serve as an advisor to Fortune 500 companies, senior executives, private equity firms, and investors on the topic of zero-based budgeting and business transformation in the areas of finance, IT, HR organizational design, and commercial pricing
- B.A. degree in corporate finance and accounting, salutatorian and summa cum laude, Bentley University
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Why Lorman?
Over 35 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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