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Executing Cost Saving Strategies

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.


Runtime: 96 minutes
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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

OnDemand Webinar

This course was last revised on January 23, 2019.

Call 1-866-352-9540 for further credit information.

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • 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.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

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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More Program Information

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. Morgan’s 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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