WEBVTT 1 00:00:00.240 --> 00:00:01.460 My name is Katie Meyer. 2 00:00:01.460 --> 00:00:04.720 I am a Business Unit Controller for Silver King, 3 00:00:04.720 --> 00:00:07.930 Marmon Group Company under Berkshire Hathaway. 4 00:00:07.930 --> 00:00:12.240 line:15% Silver King is, yeah, we do refrigeration and freezer units, 5 00:00:12.240 --> 00:00:14.500 line:15% so we make the units that go in the back of restaurants 6 00:00:14.500 --> 00:00:16.430 line:15% such as McDonald's, Burger King, 7 00:00:16.430 --> 00:00:18.600 line:15% any of those types of things. 8 00:00:18.600 --> 00:00:20.430 I am the Business Unit Controller. 9 00:00:21.340 --> 00:00:23.840 I'm top of the company for accounting and finance. 10 00:00:23.840 --> 00:00:24.690 I do all of that, 11 00:00:24.690 --> 00:00:27.020 line:15% so that means I close the books at the end of the month, 12 00:00:27.020 --> 00:00:29.760 line:15% I run any of the financial analysis, 13 00:00:29.760 --> 00:00:34.050 line:15% do pricing, costing, look at what we are spending. 14 00:00:34.050 --> 00:00:36.150 I review people's expense reports, 15 00:00:37.150 --> 00:00:40.050 run through some of the procurement stuff, 16 00:00:40.050 --> 00:00:44.170 approve levels of buying capabilities and that. 17 00:00:44.170 --> 00:00:45.770 As always, with accounting and finance 18 00:00:45.770 --> 00:00:48.200 it all comes back down to the bottom line, 19 00:00:48.200 --> 00:00:50.220 where are we with operating profit and such, 20 00:00:50.220 --> 00:00:51.790 so it's always trying to make sure we're making 21 00:00:51.790 --> 00:00:53.440 the right business decisions, 22 00:00:53.440 --> 00:00:57.850 line:15% moving forward looking to cut costs but not cut quality, 23 00:00:57.850 --> 00:00:59.630 line:15% looking into some of those different things. 24 00:00:59.630 --> 00:01:01.770 line:15% Lead time comes into effect as well 25 00:01:01.770 --> 00:01:03.680 line:15% when you're looking at procurement and such, 26 00:01:03.680 --> 00:01:05.230 but it all just comes down to 27 00:01:05.230 --> 00:01:06.490 making sure you're saving money, 28 00:01:06.490 --> 00:01:08.620 making the right decisions for your customers 29 00:01:08.620 --> 00:01:10.950 and for your employees as well 30 00:01:10.950 --> 00:01:12.950 and then moving forward, 31 00:01:12.950 --> 00:01:14.166 keeping the business name strong 32 00:01:14.166 --> 00:01:17.390 and trying to make some more money as you go along 33 00:01:17.390 --> 00:01:18.780 so you can hire more people. 34 00:01:18.780 --> 00:01:20.120 So with the project in place 35 00:01:20.120 --> 00:01:22.660 line:15% I just recently had this where we have a younger engineer. 36 00:01:22.660 --> 00:01:25.647 line:15% We're redoing a couple of our manufacturing lines 37 00:01:25.647 --> 00:01:28.640 line:15% and didn't take into consideration 38 00:01:28.640 --> 00:01:30.610 line:15% some of the spend that was gonna need to happen 39 00:01:30.610 --> 00:01:32.440 like electrical line drops from the ceiling. 40 00:01:32.440 --> 00:01:34.130 That costs money to put that stuff in 41 00:01:34.130 --> 00:01:35.300 and he didn't consider that. 42 00:01:35.300 --> 00:01:37.550 So I recently just sat down with him 43 00:01:37.550 --> 00:01:40.510 and walked him through how to put together a project plan, 44 00:01:40.510 --> 00:01:43.540 put together the budget, track what's going on, 45 00:01:43.540 --> 00:01:45.680 getting the invoices, who you get the invoices from 46 00:01:45.680 --> 00:01:46.780 so you can tell where you are. 47 00:01:46.780 --> 00:01:48.570 Oh, you got, you know, they did the work. 48 00:01:48.570 --> 00:01:49.440 line:15% Where's the invoice? 49 00:01:49.440 --> 00:01:51.120 line:15% Oh yeah, we haven't paid that yet, 50 00:01:51.120 --> 00:01:53.800 line:15% so you still have that $38,000 pending. 51 00:01:53.800 --> 00:01:55.890 line:15% So where are you in that process, 52 00:01:55.890 --> 00:01:57.470 line:15% and just kind of working with them 53 00:01:57.470 --> 00:02:00.330 line:15% and helping them understand how to track the project 54 00:02:00.330 --> 00:02:01.340 and track the spend.