Broadcast Date: Thursday, June 24, 2021
from 12:00 pm to 1:00 pm (ET)

Overview:

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

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

Group-Internet Based

 

Prerequisite:

Experience in financial management

 

Course Code:

149649

 

NASBA Field of Study

Finance – Technical

 

Total Credit:

1.0 CPE (Not eligible for QAS (On-demand) CPE credit)

Speaker:

Doug Austin , Founder and CEO
Strategic Source

Doug Austin is the founder and CEO of StrategicSource, Inc., and ExpenseEdge the leading providers of Spend Management  Services(strategy, spend mapping, sourcing, process improvement and audit) for retail, education, hospitality, service and manufacturing markets.

Doug has almost 40 years of line, staff and executive management experience in Spend Management, Purchasing, and Supply Chain Management in various vertical markets including airline, retail, manufacturing and services.

Doug has been married to Peggy for 42 years, the father of three children and the grandfather of ten. Doug is a proud veteran of the U.S. Marine Corps, a graduate of the University of St. Thomas, and a speaker at various conferences and is also a trainer, consultant,  and business owner.

Agenda:

Doug Austin Founder and CEO

Strategic Source

  1. New untapped profit opportunity revealed
  2. Expense, Audit and New Revenue options
  3. Building your objectives and sourcing plan
  4. Executing the plan
  5. Validating savings and measuring results

Date & Time:

Thursday, June 24, 2021

12:00 pm to 1:00 pm (ET)

Who Should Attend:

  • Financial Controllers
  • Chief Financial Officers
  • Chief Procurement Officers
  • Purchasing Directors
  • Budgeting Managers
  • Cost Managers
  • Directors of General Accounting
  • Strategic/Business Planners
  • Business Development Managers
  • Business Managers/General Managers
  • Chief Operating Officers
  • Chief Executive Officers
  • In-House Counsel
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SPEAKER

Doug Austin Founder and CEO
Strategic Source

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