This workshop dives deep into strategic supplier management, equipping you with the framework to transform vendor interactions into significant cost savings and enhanced profitability. Learn how to identify and implement cost reduction strategies, including leveraging discounts and optimizing payment terms using Days Payable Outstanding (DPO). Discover how to effectively manage your cash flow, maintain liquidity, and avoid financial stress by understanding key financial metrics and the Total Cost of Ownership (TCO) model. Whether you're in retail, manufacturing, distribution, automotive repair, or any type of service provider, you'll gain practical tools and insights to navigate negotiations and build a resilient, profitable business.
Wednesday, August 20, 2025
9:00 AM to 12:00 PM
Steve Trussell is a business consultant at the UGA SBDC at Georgia Southern University. Steve brings extensive experience in consulting with firms on manufacturing, sourcing, and supply chain management. He has worked with both large manufacturers and small companies to improve their supply chains through organizational transformation, strategic sourcing, and negotiations. Steve has a Bachelors of Science in Business Administration from the University of Louisville and he earned his MBA from Bellarmine University.
All programs of the UGA SBDC are open to the public on a non-discriminatory basis. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.
The University of Georgia
Small Business Development Center
382 East Broad Street
Athens, GA 30602-5412
P: (706) 542-2762
