My own travels last week offer validation from the trenches that Amex’s predictions for travel curbs will come to fruition. Travel restrictions were a hot topic at the Sourcing Interests Group (SIG) Conference last week. No less than five procurement execs said their companies had implement restrictions for all but sales related travel. (Only two of them had a good excuse for how they got around the restriction.) Some companies even halted travel altogether, prompting at least one speaker to deliver their presentation via video conference.

Think cutting all but sales-related travel won’t save much? Think again. Over lunch, a SVP of Strategic Sourcing and Procurement told me when his company was implementing the curbs they uncovered an alarming statistic: only 27% of the sales force’s travel was for sales related purposes. And that’s not an anomaly. Keynote speaker from battered IndyMac said he uncovered similar discretionary travel patterns while he was trying to curb costs.

Upshot: There’s some serious savings hiding in your organization. You just need to spend more wisely.

Check back here soon for more insights and recession-Era spend management tactics gleaned from this week’s SIG Conference.

Email Forward & Bookmarks

Close this WindowBookmark and Share This Page

Save to Browser Favorites

Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BUMPzee! CiteULike co.mments Connotea del.icio.us

DotNetKicks Digg diigo dropjack.com dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com Furl

Google Hugg Jeqq Kaboodle linkaGoGo LinksMarker Ma.gnolia Mister Wong Mixx MySpace MyWeb Netvouz

Newsvine PlugIM popcurrent Propeller Reddit Rojo Segnalo Shoutwire Simpy sk*rt Slashdot Sphere

Sphinn Spurl.net Squidoo StumbleUpon Technorati ThisNext Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

If you like this then please subscribe to the RSS Feed.

Powered by Bookmarkify™

More »