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Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in riskmanagement, innovation and corporate social responsibility. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.
Effective procurement strategies not only ensure that companies get the best value for their money but also play a role in riskmanagement, innovation and corporate social responsibility. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.
Whether your meetings specialty is event design, contract negotiations, operations management, sustainability, riskmanagement, virtual events, speaker trends, food & beverage, or something else entirely, our call for speakers is seeking fresh voices to educate and spark new ideas for meetings and conventions.
Strategically source vendors and negotiate contracts to reduce expenses. Mitigate Risks Identify and plan for potential risks to your event to avoid issues. Consider risks related to attendance, sponsorship, logistics, and technology and establish contingency plans. Fourth, focus on data-driven decision-making.
Negotiation is more essential than ever for achieving cost savings, and planners should work closely with partners — including DMCs, hotels, speaker bureaus, and food and beverage vendors — to identify creative opportunities for doing more with less. A collaborative approach will always benefit you in all aspects, including managing costs.”.
Hotels were a recurring topic, as planners noted a decrease in the ability to negotiate contracts, along with pressures associated with lowered commissions and increased competition for space. When Marriott-owned organizations are the only game in town, your choices and the ability to negotiate goes down to zero. Hotel negotiations.
Mutz agrees that sustained interactions help us to better know people. In 2016, the RiskManagement Society held two community-service days at its Annual Conference & Exhibition in San Diego. They lack continuity or commitment, or shared responsibility over time. We come and go as we please. ” —John Graham.
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