Procurement Pros to Focus on Savings, Efficiencies and Compliance in Corporate Travel and Meetings Management

Posted by Kevin Iwamoto on 03/27/2014

< Back to Blog

One of the most fascinating trends for me to watch over the last several years has been the growing influence of chief procurement officers (CPOs) in travel and meetings and event management. They’ve brought tremendous improvements to our industry with their focus on:

  • cutting costs
  • maximizing supplier relationships
  • proving return on investment of travel and events
  • mitigating risk

Now, new evidence shows that their influence in travel and events remains strong. And, over the next three years, these professionals will continue to focus on achieving savings, efficiencies and compliance.

Last week, in a webinar, “CPO Rising 2014: Convergence,” Andrew Bartolini, Chief Research Officer at Ardent Partners, unveiled results of a new study of 273 CPOs and other procurement executives from mostly large organizations. Some findings:

  • 57% of CPOs are involved in supply risk management;
  • 52% are involved in managing travel;
  • 24% have converged into managing meetings and events.

Here are CPOs’ top priorities over the next three years:

  • 43% want to focus on increasing savings;
  • 36% will aim for improving processes;
  • 32% will tighten up compliance.

As many of you may know, I've spent many years working in procurement organizations. And I’m personally heartened and encouraged to see that CPOs continue to focus on the last great expense management frontier: unmanaged travel and meetings spend. What a great webinar!

If you haven’t already sought out the expertise from your procurement executives, I encourage you to do so in 2014!  The rewards will be great. And, if you're contemplating who your SMMP executive sponsor should be, a CPO isn't a bad option.

Check out these additional blog posts on procurement in travel and meetings:


Cvent and Lanyon Announce Merger

Posted by Lanyon on 11/29/2016

Cvent and Lanyon have merged


Lanyon Launches Smart Events Cloud 2016

Posted by Lanyon on 09/19/2016

Lanyon Launches Smart Events Cloud 2016


Meetings Today-Lanyon Launches Smart Events Cloud 2016-July 2016

Posted by Patrick Mendoza on 07/26/2016

Lanyon, a meetings and travel software company, released a new version of its Smart Events Cloud platform that features a number of significant enhancements, a simplified user interface and improved scalability.


Lanyon Launches New Functionality and Salesforce Integration for the Company's Smart Events Cloud®

Posted by Lanyon on 07/25/2016

New release delivers event ROI transparency for marketing teams


Lanyon Selected as Event technology Provider by Meeting Professionals International

Posted by Lanyon on 06/15/2016

Lanyon Selected as Event Technology Provider by Meeting Professionals International


Meetings and Conventions Magazine — 5 Tips to Make Your Event More Environmentally Friendly — May 2016

Posted by Lanyon Staff on 05/11/2016

Earth Day fell on April 22 this year. As happens every year, people from around the world agreed on that day to turn off lights, reflect on ways to make our planet cleaner and take steps to reduce waste. 
As we in this industry know, bringing together thousands of people can create a great deal of waste and emissions. However, we can make conscious decisions every day, at every event, to make sure we are doing all that we can to make our events environmentally friendly.

Read the original article here.


Lanyon Selected to Power GBTA’s Worldwide Events

Posted by Lanyon on 05/02/2016

Dallas, Texas (April 28, 2016) — Lanyon, a global leader in meetings, events and travel software, today announced that the Global Business Travel Association (GBTA) has selected the company’s RegOnline® software to power their global events. The agreement reinforces Lanyon’s commitment to provide best-in-class software to the association marketplace.


How Dreamforce Mastered Event Registration With Salesforce’s Scott Owens

Posted by Lanyon on 04/25/2016

Salesforce, the world’s leading CRM technology provider, is one of the most recognizable names in the tech industry. And with over 172,000 attendees, their flagship event, Dreamforce, is the largest software conference on Earth. They’re also a Lanyon customer.


PCMA Convene – 5 Tips to Max Out Your Mobile Event App – April 2016

Posted by Lanyon Staff on 04/11/2016

If you’ve attended an event, or even walked around any street recently, it’s a safe bet you saw a lot of folks walking around with their heads down, eyes trained on their smartphones, thumbs busily scrolling up and down their screens.

What’s so awesome about their phones? Most likely, they were engaged with an app. 


...read the original article here.


PREVIOUS   1|2|3|4|5|6|7|8|9 NEXT 
Mobile search icon Search