Updated Program The 2008 Transformational Cost Management Conference Driving Effective Results October 21 22, 2008, Marriott Marquis, New York, NY Pre-Conference Workshop: October 20, 2008 Best Practices Workshop: Cost Management as a Core Competency Gain Insights From: Alcoa, Inc. The Boeing Company Cigna Corporation Cisco Systems, Inc. IBM Johnson & Johnson Health Care Systems Inc. Land O Lakes Rohm and Haas Wells Fargo & Company www.conference-board.org/costmanagement2 Sponsored by: Trusted Insights for Business Worldwide
Transformational Cost Management Conference October 21-22, 2008 Marriott Marquis New York, NY Pre-Conference Workshop: Best Practices Workshop: Cost Management as a Core Competency October 20, 2008 Dear Colleague, Uncertain economic conditions, increasingly demanding shareholders and intense competition dictate that business leaders proactively engage in managing enterprise-wide costs, maximize operational efficiencies and enhance shareholder value. Key stakeholders want to know: How does your overall cost structure compare to peers and competitors? How effectively have you reduced costs across businesses and functional operations? Hear from those companies that have transformed their cost structure, including how to: Develop an effective approach that is enterprise-wide and considers all key levers to drive transformational and sustainable cost reduction Structure and execute a transformation program that balances short-term financial results and long-term value creation Leverage benchmarking practices and results to improve competitiveness Create a cost-conscious culture and encourage accountability through sustainable cost management practices Manage change and employee expectations through the transformation This conference is designed for executives who are looking to transform the cost structure of their businesses and improve competitiveness in their respective markets. Be sure to sign up for our pre-conference workshop, Best Practices: Cost Management as a Core Competency an interactive learning experience, with effective best practices, tools and concepts in a case-study environment. We look forward to seeing you in New York. Sincerely, Susan L. Negrey Conference Program Director The Conference Board The Conference Board and the torch logo are registered trademarks of The Conference Board, Inc.Program subject to change. September 2008
October 21 22, 2008 Tuesday, October 21, 2008 Registration and Continental Breakfast: 8 8:45 am Welcome and Introductions: 8:45 9 am A Global Economic Update: Considering the Future A 9 10 am For many of us, the economic outlook remains uncertain. It is becoming increasingly more difficult to predict the future and the related consumer demands for goods and services. Dr. Bart van Ark, Vice President and Chief Economist of The Conference Board, will provide his insights about the major geo-political, economic and industry trends challenging business executives to manage for tomorrow. Dr. Bart van Ark Vice President and Chief Economist The Conference Board Driving More Value through Transformational Cost Management B 10 11 am Management consulting firms have a strong pulse for business health at all stages of the business cycle. Hear from Doug Lattner, Chairman & CEO of Deloitte Consulting LLP, on current economic and business perspectives and how Deloitte is helping its clients manage the economic downturn. Doug Lattner Chairman & CEO Measuring for Success: Benchmarking Your Business Operations C 11:15 am 12:15 pm Lunch: 12:15 1:15 pm Benchmarking provides management with a fact-based analysis against key competition to provide a baseline from which future improvements can be made. Learn how Cisco collected data to find out that it wasn t best in class and then identified best practices and tools to effectively change spending habits over a $5 billion budget. Leslie Gath, Senior Director of Global Spend Management, will share Cisco s approach in leveraging analytics to drive executive decision-making, set performance goals and drive costs down. Leslie Gath Senior Director of Global Spend Management Cisco Systems, Inc. Controlling IT Spending: Investing in Technology Effectively D 1:15 2:15 pm How do companies invest in technology wisely for long term gain while managing to short term profitability? Looking back, is the investment being used effectively? Were cost savings expectations met? Anne Wilms, Executive Vice President and Chief Information Officer and Frank Miller, Manager, IT Portfolio Management and Governance will share Rohm and Haas best practices on effectively assessing the financial and strategic benefits of a technology investment. Anne M. Wilms Executive Vice President and Chief Information Officer Rohm and Haas Frank Miller Manager, IT Portfolio Management and Governance Rohm and Haas To register by phone 212.339.0345 To register online www.conference-board.org/costmanagement2
Transformational Cost Management Conference Choose Session E1 or E2: 2:15 3:15 pm Commodity Price Increases: Where are You Putting Them? E1 2:15 3:15 pm Negatively affected by the impact on increased costs of raw materials? Are you passing those unplanned increases to your customers? To your employees? Alcoa is a world leader in the production and management of aluminum, serving the aerospace, automotive, construction, and transportation industries. Learn from John M. Foody, Jr. how Alcoa is addressing these costs. John M. Foody, Jr. Global Director, Indirect Commodity Management Alcoa Inc. SG&A Strategy and Restructuring E2 2:15 3:15 pm Successful cost transformations are often a combination of an enterprise-wide focus on performance improvement opportunities and a disciplined approach to execution. Alignment to enterprise strategy, operating model restructuring, leadership commitment and responsibility to shareholders and employees are all key drivers of a successful cost transformation program. Participate in a Deloitte-led panel discussion to learn how two consumer product companies have designed and executed their respective cost transformation programs while catering to different challenges and organizational priorities. Omar Aguilar Principal Rick Ferraro Director Dan Stone Vice President Strategy Furniture Brands International Mark Wilberts Vice President of Information Systems Land O'Lakes, Inc. Choose Session F1 or F2: 3:30 4:30 pm Engaging Your Employees: Spending Smarter to Manage Enterprise Costs F1 3:30 4:30 pm Enterprises are most effective at transformational cost management when they effectively engage their employees in the process. In 2008, Wells Fargo launched an innovative approach to managing enterprise costs effectively across their 80+ businesses. Laura Schupbach and Renu Agrawal will share their approach to spending smarter by bringing their employees together and identifying sustainable solutions for spend management. Laura L. Schupbach Executive Vice President Head of Enterprise Expense Management Wells Fargo & Company Renu Agrawal Senior Vice President Enterprise Expense Management Wells Fargo & Company Evaluating Outsourcing Initiatives: Ensuring Success F2 3:30 4:30 pm Companies that coordinate outsourcing and offshoring with their overall business strategy can make transformational change to improve performance and generate cost savings, creating a competitive advantage. What is an appropriate outsourcing lifecycle? How do you effectively manage the vendor relationship while efficiently managing costs under the contract terms? Mark Lastner, General Auditor of CIGNA Corporation, will share CIGNA s recent review of its outsourcing initiatives. Mark Lastner General Auditor CIGNA Corporation Procurement: Not Strategic and Not A Vice G 4:30 5:30 pm Procurement: the acquisition of goods and/or services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place for the direct benefit of the organization, generally via a contract. For many companies it has become tactical, rote and a barrier to new ideas,
October 21 22, 2008 products and services. Dean Edwards, Chief Procurement Officer at Kaiser Permanente, has a different vision for procurement a strategic evolution to be aligned with the strategy of the business and a revitalized source of competitive advantage. Hear how this forward thinker is revitalizing Kaiser Permanente s procurement perspectives. Dean Edwards Chief Procurement Officer Kaiser Permanente Networking Reception: 5:30 6:30 pm Hosted by: Wednesday, October 22, 2008 Continental Breakfast: 8 8:45 am Introductions: 8:45 9 am Using Strategic Workforce Planning to Manage Human Capital Costs H 9 10:15 am Human capital costs are the biggest chunk of most operating budgets. To control labor costs and align HR priorities with business strategy, many companies implement strategic workforce planning (SWP). New research by The Conference Board shows how employers are using SWP to manage their talent supply chain; model the financial impacts of choosing to buy, borrow, build or rent talent; and use these analyses to make business decisions. Barbara Brickmeier, Vice President of HR on Demand, will describe how IBM s Workforce Management Initiative rationalizes how the company manages, deploys and utilizes talent while reining in human capital costs. Barbara Brickmeier Vice President, HR on Demand IBM Dr. Mary B. Young Senior Researcher The Conference Board Tackling Healthcare Costs: What s Next I 10:30 11:30 am With increases in annual health care costs significantly exceeding the overall rate of inflation, companies are finding that incrementally shifting costs to employees and changing plan benefits have not sustained costs savings. Elizabeth Bewley of Johnson & Johnson Health Care Systems will present her macro-view that individuals need to be the CEOs of their own health and health care. Alan R. May will share Boeing s efforts to manage healthcare costs through a multifaceted approach that includes: working with providers to improve efficiency and effectiveness; improving health outcomes through advanced care management practices; and engaging employees in personal health management. Elizabeth Bewley Vice President of Strategic Planning Johnson & Johnson Health Care Systems Inc. Alan R. May Vice President of Strategy, Compensation and Benefits The Boeing Company
Transformational Cost Management Conference Leading Change How to Ensure Transformation Success J 11:30 am 12:30 pm Companies are often focused on minimizing risk and incrementally making changes to operating systems to contain failures. Learn why it is best to avoid a piecemeal approach to cost-reduction and energize your employees to embrace behaviors that drive a cost-conscious culture and foster personal accountability. Executives need to convince people to make the change. Learn how in this session. Dottie Brienza Vice President HR, Change, Communications and Education Johnson & Johnson Conference Adjourned: 12:30 pm Who Should Attend Senior finance executives and other business leaders focused on strategy, cost management and operations should attend. Advisory Panel Robert F. McCadden Executive Vice President and Chief Financial Officer Pennsylvania Real Estate Investment Trust James L. Bierman Chief Financial Officer Owens & Minor, Inc. Pre-Conference Workshop Monday, October 20, 2008 Registration: 1 1:30 pm Best Practices Workshop: Cost Management as a Core Competency Workshop: 1:30 5 pm Transformational cost management is a strategic initiative that requires both vision and operational discipline. While many organizations take incremental steps to minimize costs, a sustainable transformation requires a strategic and holistic approach that considers all levers of the business and operating model. This workshop will impart best practices, tools and applications to enable participants to leverage the session s outcomes towards the application of their own strategic cost reduction efforts. Omar Aguilar Principal Rick Ferraro Director To register by phone 212.339.0345 To register online www.conference-board.org/costmanagement2
To register Online www.conference-board.org/costmanagement2 Fax 212 836 9740 1Select Concurrent Sessions and Pricing Phone 212 339 0345 8:30 am to 6 pm ET Mon Fri Mail The Conference Board PO Box 4026, Church Street Station New York, NY 10261-4026 Tuesday, October 21, 2008 E1 or E2 choose one F1 or F2 choose one The 2008 Transformational Cost Management Conference October 21 22, 2008 Marriott Marquis Pre-Conference Workshop (B06009-2) Conference Board Associates........................... $495 Non-Associates....................................... $595 Conference (916009-2) Conference Board Associates.......................... $2,195 Non-Associates..................................... $2,495 2 3 Payment Check payable to The Conference Board for $. Enter the Agenda Code from the back page. Agenda Code Charge to my: American Express Discover MasterCard Visa Acct. No. Exp. Date Signature Date 4Please print or attach a business card; for additional registrants, duplicate this form. Name Title Department Company Address City State Zip Telephone ( ) Fax ( ) E-mail Cancellation Policy Full refund until three weeks before the meeting. $500 administration fee up to two weeks before the meeting. No refund after two weeks before the meeting. Confirmed registrants who fail to attend and do not cancel prior to the meeting will be charged the entire registration fee. Team Discounts per person For a team of three or more registering from the same company at the same time, take $200 off each person s registration. Hotel Accommodations Fees do not include hotel accommodations. For reservations, contact the hotel directly no later than the cut-off date and mention The Conference Board s Transformational Cost Management Conference. Hotel Reservations Cut-off Date: Monday, September 29, 2008 Marriott Marquis 1535 Broadway New York, NY 10036 Tel: 212 398 1900 Unconditional Guarantee For 90 years, The Conference Board has been providing senior executives worldwide with opportunities to share practical business experience. If for any reason you are not satisfied with this conference, please let us know. We will immediately credit your attendance to another conference of your choice, or, if you prefer, promptly refund 100% of your registration fee.
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