The Total Financial Impact of the Deal; Total Cost of Ownership, Cost Modeling, Hidden Cost & Savings

Wednesday, June 23, 2021 - 14:00
An educational session by SIG University Lead Faculty and Global Procurement Executive, Tom Ciardiello on the "whole deal" from total cost to savings and everything in between. Anyone can send out an RFx, review the bids and pick the lowest cost. In this session you'll learn by looking at other categories including cost takeouts, training and intangibles by selecting a bid that may not be the lowest could yield the greatest cost savings for your organization. Bring your questions and comments to this open discussion for maximum transparency and learning. 



Tom Ciardiello

Strategic Sourcing Executive and SIG University Lead Faculty
SIG University

Tom Ciardiello’s strategic sourcing experience includes consulting and senior level global procurement positions with QBE Insurance, Spencer Stuart, Donnelley Financial Solutions, CNA Financial Insurance, Options Clearing Corporation, Chicago Mercantile Exchange along with finance and operations leadership roles with companies including AT&T, GE Capital, Discover Card Services and Arthur Andersen. Tom’s experiences include procurement, auditing, budgeting, financial analysis & process improvement.  Tom is a CPA & CPM, holds a Bachelors Degree from Northern Illinois University & an MBA from DePaul University.