Is Procurement Causing You Pain?

Is Procurement Causing You Pain?

OUR SERVICES

Strategic Meetings
Management

OUR SERVICES

Strategic Meetings Management

OUR
SERVICES

Strategic Meetings Management

A Procurement Insider Can Help You Implement and Manage Your Strategic Meetings Management Program.

While the focus on Strategic Meetings Management is usually an opportunity for managing spend, there is much more to consider! By showing where and when events are happening, an effective SMMP will provide insight into your organization’s marketing events as well as internal meetings, which can streamline your processes and yield benefits beyond cost savings:

You can accomplish this and much more with an effective Procurement Strategy built on data. We can help you with:

Payment Solutions

Making event payments is hard, and it doesn’t have to be. We  help evaluate payment options including Meeting Cards, providers such as EVED, agency pass-through, and direct pay through Accounts Payable. We help you engage with key stakeholders such as Controls and Compliance, Tax, and Finance to ensure key criteria are considered.

Strategic Sourcing

RFPs don’t need to be lengthy to be effective. A concise RFP is easier for suppliers to respond to, and easier for the organizer to evaluate.  The more questions you ask, the more answers you need to read. Avoid asking for information that is readily available on the supplier’s website. Rule of thumb: If the answer to a question won’t influence the decision, don’t ask it!

Contracting Strategy and Negotiations

Master agreements and standard templates help lower risk because you are working with documents you are familiar with. As a result, they are key to reducing your contracting timeline by reducing the need for legal review. Use these whenever possible. If it’s not possible, consider using an addendum that will meet the most important language requirements.

Supplier Management Strategies

If you don’t know how your suppliers make their money, it’s hard to negotiate effectively. We bring over 15 years of supplier negotiations to your side of the table to help address this. Good negotiations focus on mutual benefit, not squeezing the last ounce of cost out. It’s also important to learn if you are inadvertently making it harder for your suppliers to serve you. Good suppliers are always looking for more effective and efficient ways to get things done, and simple changes can lead to lower cost.