The Profitable Small Business: A Supplier Success Framework

Date and time

-

Event cost

$49.00

Location

Georgia Southern University Business Innovation Group (BIG) Building 3
64 E. Main St.
Statesboro, GA 30458

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Organizer

Abigail Vickers
statesboro@georgiasbdc.org
912-478-7232

Host organization

UGA Small Business Development Center at Georgia Southern University

Type of event

Resource Partner event

Event description

This workshop dives deep into strategic supplier management, equipping you with the framework to transform vendor interactions into significant cost savings & enhanced profitability. 

Learn to identify & implement cost reduction strategies, including leveraging discounts & optimizing payment terms using Days Payable Outstanding (DPO). Discover how to effectively manage your cash flow, maintain liquidity, & avoid financial stress by understanding key financial metrics & the Total Cost of Ownership (TCO) model. From retail to service, gain practical insights to strengthen your business and your bottom line.

LEARN HOW TO:

  • Implement strategic supplier relationship management to identify & execute cost reduction opportunities
  • Negotiate favorable terms, including discounts & optimized Days Payable Outstanding (DPO) by understanding the financial impact of different strategies
  • Analyze & improve cash flow & overall financial health using key metrics such as cash position, liquidity ratios, & Total Cost of Ownership
  • Develop vendor management & sourcing strategies to build resilient supply chains for a competitive advantage
Register