With today’s heavily challenging economic situation, businesses of all sizes have started venturing into different cost reduction initiatives in order to optimize profitability while ensuring market competitiveness. These cost reduction programs include reducing costs of services and other supplies.

However, driving new profits through cost-cutting requires important considerations to avoid further financial perils along the way. Thus, companies should always be proficient in choosing and implementing an effective and strategic expense management program.

In this LIVE Webcast, Doug Austin, Founder and CEO at Strategic Source will provide the audience with an in-depth discussion of reducing costs of services and supplies to drive new profits. He will present important considerations concerning this topic and will offer strategic tools and best practices to avoid risk issues.

Some of the major topics that will be covered in this course are:

• New untapped profit opportunity revealed
• Expense, Audit and New Revenue options
• Building your objectives and sourcing plan
• Executing the plan
• Validating savings and measuring results

Learning Objective:

• Determine how to build, execute, and assess a cost reduction program that would also help drive new profits