Learn more about Strategic Meetings Management at http://www.cvent.com/en/solutions/strategic-meetings-management.shtml
Sourcing event suppliers and hotels is generally a major portion of any companys total meeting spend. Chuck mentions three sourcing processes used by members of the audience: manually calling vendors, sourcing through Convention and Visitors Bureaus (CVBs), and sourcing online using an eRFP tool. Implementing SMM best practices in the sourcing process can create significant savings, as well as bring organizations into compliance with Sarbanes-Oxley. Just as these practices took hold in travel departments ten years ago, they are taking hold in meetings departments today.
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