Meetings Management/Consolidation            Print Version


Objective
Assist with developing a systematic approach to managing client's $143 million in annual meeting travel expenditures

Client
$40 billion Fortune 500 company

Contact
Director, Global Travel Procurement and Management

Length of Engagement
9 months

Methodology
  • Assess current methods and expenses to establish baseline
  • Develop vision of ideal approach for client
  • Overlay marketplace realities and client culture to modify vision
  • Develop RFP specifications and identify eight travel management
        companies as potential bidders
  • Evaluate responses to RFPs and depict responses in consistent format
        with high level of detail
  • Assess strengths and weaknesses of each bid; recommend finalists
  • Perform site visits of each finalist, reviewing operations / technology
  • Recommend appropriate vendors


  • Output
    75-page report summarizing bids in an easy-to-read, easy-to-compare style; 3-hour interactive session with client; advice and information on demand

    Results
    Client implementation of a sophisticated meetings management program utilizing state-of-the-art technology / processes providing better quality services, lower prices, and more detailed information about the annual meetings spend.

    The program has an estimated net savings of over $20 million in its first year.


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