We’re in the throes of the 4th industrial revolution, where technology has changed the way we live and do business. Research shows that by 2020, half of the world’s business travellers will be millennials. With this in mind, it’s not surprising that the role of travel management companies has evolved way beyond making travel […]
Is your travel technology a strategic procurement partner? Read More »
The domestic corporate travel market is set to undergo many subtle changes in 2017, says Alan Low of category benchmarking company Pi. With a forecast of stagnant economic growth, downgrades and political uncertainty, organisations will be looking for more savings and greater efficiency. The interplay between travellers, travel managers and service providers, such as
Travel benchmarks point to behaviour massively driving costs in 2017 Read More »
The central procurement office (CPO) created by Treasury to leverage volumes in the government has already led to savings amounting to billions of rand, says Finance Minister Nhlanhla Nene. “The cost of a purchase order will be reduced from approximately R3 600… to between R500 and R750 using the new technology platforms,” said Nene,
R3 600 – the cost of a purchase order in government Read More »
Travel and Entertainment (T&E) is a critical expenditure category for nearly all organisations. Typically, it is the second largest controllable expense after salaries and benefits. In all cases, however, it is no longer regarded as best practice but essential practice for a successful T&E programme to deploy a corporate card, advises Master Card in
Leveraging the efficiencies of payment cards to manage travel Read More »
Many of the key items subject to austere measures under Finance Minister Pravin Gordhan’s mini budget fall under the Travel and Expense (T&E) portfolio. While these cost-cutting measures are a step in the right direction to curb excessive spending, Tracey Shaw, of travel technology company TraveluXion, wonders how they will be implemented in practice
Current procurement methods do not support mini budget’s austere measures Read More »
Shirley Le Roux, MD of TraveluXion, wonders why there has been such a slow uptake of effective technology by travel procurement professionals, particularly considering that they work in complex environments across multiple locations and across multiple Travel Management Company (TMC) partners, in this month’s SmartProcurement. Every edition of Travel Buyer (formerly Business Traveller) contains
Why does Travel & Expense procurement still favour manual processes? Read More »
Shirley Le Roux, MD of TraveluXion gives SmartProcurement her insights into the answer to this question that has resulted in companies not having visibility of all potential T&E expenditure prior to approval against applicable budgets, and thus not extracting the associated business value. How important is travel and expense (T&E) expenditure within your organisation?
Is travel and expense expenditure NB in your organisation? Read More »
All too often a Travel and Expense (T&E) Management programme is considered completed and rolled-out if a company has successfully implemented an on-line booking tool that improves travel policy compliance and reduces overall transactions costs. Recent research indicates that global best practices for organisations is to embrace a total T&E Management technology solution, of which
Total Travel and Expense Management is more than just online booking Read More »
Managing supplier relationships is one of the key components of a travel procurement programme says Kele Mohatle, CEO of travel procurement consultancy NaKo Consulting, in this month’s SmartProcurement. As a travel buyer you need to be clear on the intended purpose and the desired outcome: while the intended purpose may be to identify strategic suppliers
Managing supplier relationships in travel procurement Read More »
Within the context of Purchasing Index‘s (PI’s) Domestic Air Travel benchmark report, SAA continues to make up the bulk of domestic carrier usage (as indicated in the graph alongside for the five benchmark routes for the period Aug-Oct 2012). In this month’s SmartProcurement Alan Low wonders if this is justifiable? Surely there should be a
Do Voyager Miles make commercial sense? Read More »
