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The best practices in MICE Procurement for event

Over the past decade, there has been a considerable rise in procurements’ role and impact in sourcing MICE services. This trend has evolved largely due to the steps taken by large organizations towards refining their strategic programs for inculcating events, incentive travel, and outbound meetings, going a step ahead of traditional meetings

Steps Ahead
1. Establish a governing supply chain council
2. Properly align and staff the supply chain organization
3. Make technology work for you
4. Establish alliances with key suppliers
5. Engage in collaborative strategic sourcing
6. Focus on total cost of ownership, not price - TCO
7. Put contracts under the supply chain function
8. Optimize company-owned inventory
9. Establish appropriate levels of control and minimize risk
10. Take green initiatives and social responsibility seriously