Friday, June 1, 2018

Zero-Based Budgeting—How to Build a Culture of Cost Management and Still Drive Innovation

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Zero-Based Budgeting—How to Build a Culture of Cost Management and Still Drive Innovation
June
 
4
1 pm - 2:15 pm ET
Presenter: David Feierstein, of Diversey Care
Credits: CPE (Credit Details)
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Course Description
 
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 webinar, 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 omnichannel solutions and software. Upon completion of the course, you will learn how to:
  • 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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The Presenter
About The Presenter
 
David Feierstein is the head of Transformation Office of Diversey Care, a Bain Capital portfolio company. Prior, David led the Transformation Office and Zero-Based Budgeting initiative at NCR Corporation. David also served as the Global Head of Zero Based Budgeting, CAPEX and Working Capital at Kraft Heinz, where he was instrumental in the Kraft integration and Heinz transformation delivering over $550 million in SG&A cost savings during his tenure. Previously, David worked at Goldman Sachs Capital Partners and J.P. Morgan's Investment Bank. David continues to serve as an advisor to multiple companies including those owned by Berkshire Hathaway, Blackstone and other large private equity funds on the topic of Zero-Based Budgeting.
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