Optimizing the Business: 7 Strategies for Reducing Costs & Improving Margins
Cost cutting is a critical focus in today’s operating paradigm. Finance and Procurement have been tasked with improving margins by reducing operating expenses and material costs. It is important for leaders to consider the potential trade-offs between cost savings and other factors, such as quality, availability, ESG results and supplier relationships, striking a balance between cutting costs and ensuring the needs of the business. Access this webinar to discover practical strategies for reducing costs in procurement. Hear from industry leaders as they share best practices for identifying opportunities to cut expenses, utilize supplier diversity as a cost-saving strategy, and the importance of implementing impactful and innovative technologies, such as autonomous sourcing.
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Jim Haining is the Purchasing Manager for the Las Vegas Valley Water District. He has over 30 years experience in Supply Management in both public and private sector organizations. Former employers include Clark County Nevada & Sprint and Sierra Pacific Power Company. Jim has been involved in local government purchasing in Nevada for the past 15 years and served as co-chair of the Nevada Public Purchasing Study Commission, a coalition of the public sector purchasing departments in the State of Nevada. In 2019, he was instrumental in modernizing the local government purchasing statute in the State of Nevada.
With 24 years in the industry and 14 years leading the charge at Ardent Partners, Andrew is a globally-recognized expert in sourcing, procurement, supply management, and accounts payable. As the Chief Research Officer at Ardent Partners, Andrew oversees all research and client programs including the annual State of the Market and Metrics that Matter eBook Series’, Technology Advisor Reports, Ardent’s monthly webinar series, as well as its in-person and virtual CPO Rising Summits. Andrew is also the publisher of CPORising.com
SVP of Strategy & Procurement at Fairmarkit. Former CPO & VP, Corporate Services at VSP Global (2013 to 2021). Prior CPO and VP S2S at salesforce.com (2008 to 2013) and Oracle Corporation (1998 to 2008). M.Sc. Management from Saint Mary’s College of California with professional credentials from SIG, NAPM and NCMA. 2018 Hall of Fame inductee into SIG. 2019 CPO of the Year, Ardent Partners.
