Presented by:

Presented by: Robert Peterson, Managing Director, Expense Reduction Analysts

Thursday, February 23, 2012 @ 1:30pm CST

Cost: $159

 

There is no mission with margin. With this in mind, colleges and universities across the country are deeply interested in ways to reduce costs without impacting their ability to fulfill their missions. That’s the rationale for this webinar:

Focused Strategies and Tactics for Generating Impactful Cost Reductions

More and more schools are looking at ways to better manage their overhead costs as a way to minimize the impact of these troubles. This webinar will help you focus your cost reduction efforts by equipping you with tools to reduce often overlooked expense areas that are costing your organization time, money, and opportunities.

First, we will look at seven commonly overlooked expense areas within higher education. Organizations commonly overspend in these areas by an average of nearly 20%. We look at pricing models, opportunities for process changes and improvements, and things to watch out for in these areas.

Second, we will discuss the five myths of bidding. We will help you understand the factors that get in the way of achieving and sustaining significant cost reductions. There is a false belief that periodically requesting bids for a product or service will translate to the best pricing and service. We will help you understand why vendors are holding back their best offers and how to change that.

Finally, we will introduce a proven process for analyzing, implementing, and monitoring cost reductions. These steps will give your school a process for setting goals, achieving them and, most importantly, measuring them.

At the end of the webinar you will:

• Develop a framework for identifying and managing hidden costs
• Have a more clear understanding of 10 commonly overlooked expense areas
• Understand the five myths of bidding
• Understanding the best practices for obtaining maximum value for your expense dollars

Questions? E-mail info@stamats.com