sourcing
sourcing
By leveraging the combined business that all of Meetings & Incentives customers represent, applying our best-practice procurement strategies, and utilizing established preferred vendor relationships, M & I delivers documented cost savings in excess of industry averages. What makes our procurement team different is the level of expertise of our buyers - more than 15 years experience - and most have hospitality industry experience resulting in winning negotiations.
All of Meetings & Incentives buyers are highly proficient in e-RFP systems which increase their productivity and maintain auditable and compliant procurement practices. Our e-RFP system allows us to search cancelled space credits, customer preferred vendors, and M & I preferred vendors.
By leveraging the combined business that all of Meetings & Incentives customers represent, applying our best-practice procurement strategies, and utilizing established preferred vendor relationships, M & I delivers documented cost savings in excess of industry averages. What makes our procurement team different is the level of expertise of our buyers - more than 15 years experience - and most have hospitality industry experience resulting in winning negotiations.
All of Meetings & Incentives buyers are highly proficient in e-RFP systems which increase their productivity and maintain auditable and compliant procurement practices. Our e-RFP system allows us to search cancelled space credits, customer preferred vendors, and M & I preferred vendors.
In addition to having an extensive knowledge of procurement processes, our Buyers are well-versed in domestic and international destinations and venues. They maintain rate history and benchmark data from which to qualify the value of a new bid. Their responsibility doesn't end when they prepare the availability and rate comparison information, they also prepare a preliminary budget which illustrates the total cost of each venue or destination inclusive of other important meeting expenditures.
Meetings & Incentives' Sourcing Services wouldn't be complete without comprehensive sourcing reporting. For each meeting or event, a cost savings and avoidance report is prepared. In addition to individual meeting reports, we offer an unparalleled level of enhanced sourcing reporting which includes analytics such as spend by chain, room nights, commission tracking and historical bid data.
Meetings & Incentives' Sourcing Services wouldn't be complete without comprehensive sourcing reporting. For each meeting or event, a cost savings and avoidance report is prepared. In addition to individual meeting reports, we offer an unparalleled level of enhanced sourcing reporting which includes analytics such as spend by chain, room nights, commission tracking and historical bid data.
Did You Know?
Meetings is one of the largest spend categories in most corporations, yet purchasing does not have visibility into it? Centralizing meeting procurement and applying other strategic sourcing principles can yield an average 20% savings annually.
Why Us?
- Strong negotiators with track record for best-in-class savings - documented savings exceeds industry averages
- Leading user of e-RFP functionality means increased efficiency and shorter sourcing turn-around time
- Sarbanes-Oxley compliant systems and SOPs offer assurance that procurement practices are sound
- Proficient in domestic and international destinations including business and cultural nuances and regional sourcing practices
- Comprehensive destination/venue comparison analytics present a truer picture of the cost of the meeting or event
- Enhanced and unparalleled meeting sourcing reporting provides data to support related sourcing initiatives and increase our customers' ability to leverage total meeting spend
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