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Live Webinar

90-minute live streaming program
  • April 9
  • 1:00 - 2:30 pm EST

Zero-Based Budgeting - A Proven Approach to Cost Management

April 9

Gain a better understanding of zero-based budgeting and find out if it is the right fit for your company.

Many businesses today are facing increasingly challenging competitive environments and are suffering from uncompetitive or unresponsive cost structures that no longer respond to traditional cost management techniques. These companies are increasingly turning to zero-based budgeting (ZBB) to better manage costs and to unlock the ownership culture required to succeed. This topic will provide you with a rich understanding of ZBB, a proven cost and culture changing tool, explain how ZBB unlocks value within an organization, and describe what is required to successfully implement ZBB in your organization.

Learning Objectives

  • You will be able to define what ZBB is and how it differs from traditional cost management approaches.
  • You will be able to recognize opportunities to deploy ZBB.
  • You will be able to discuss the key challenges in implementing ZBB and how to mitigate them.
  • You will be able to explain how ZBB unlocks value in an organization.

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Why Lorman?

Over 34 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

What Is Zero-Based Budgeting?
  • ZBB vs. Traditional Cost Management
  • Results Track Record
  • Debunking the Myths
How Does ZBB Unlock Value?
  • ZBB Tools and Enablers
  • Performance Management
  • Organizational Engagement and Ownership Culture
What Are the Challenges of Successfully Implementing ZBB?
  • Lessons Learned From Past Implementations
  • Tuning the Dials for Your Organization
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More Program Information

Why Lorman?

Over 34 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

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • 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 Finance 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: Finance for 1.8 hours. Prerequisite: basic knowledge of purchasing contracts. 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.
     

Who should attend?

This live webinar is designed for purchasing and procurement professionals, buyers, material managers, contract administrators, project managers, controllers, accountants and bookkeepers.

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Why Lorman?

Over 34 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

Ronin Equity Partners

  • Co-founder and managing partner of Ronin Equity Partners, overseeing both the investment and execution services of the business
  • 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; 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
  • 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
Jesse Yao

Jesse Yao

Ronin Equity Partners

  • Partner on Ronin Equity Partners investment team, he is involved with all areas of the firm’s business in addition to overseeing the firm’s financial operations, he co-leads the overall strategy and direction of the firm
  • Over a decade of experience delivering value for private equity investors, including a broad range of advisory work from cost diligence to post acquisition execution
  • Previously served as a cost transformation advisor to Bain Capital for their acquisition of Diversey; he was also a senior executive during Blackstone’s investment in NCR where he helped implement Ronin’s modern-day approach to zero-based budgeting
  • Prior to NCR, he worked with 3G Capital at Heinz, and subsequently Kraft Heinz, in various senior leadership roles including his responsibility for the Kraft-Heinz merger and associated cost synergies, his time as CFO of the sauces and frozen business unit and his position of global head of supply chain finance
  • Before his time in private equity, he was an associate at J.P. Morgan Investment Bank in the Telecom Media, Telecom (TMT) and Natural Resources groups
  • M.Eng. and B.S. degrees in electrical engineering, Cornell University; M.B.A. degree with distinction, Yale University
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Why Lorman?

Over 34 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 408338
Published 2021
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