The planning and procurement of travel, like with any other commodity, needs to take into account many factors to optimise the buying decision. A simple starting point is to determine the sustainability of your organisation’s present travel habits, Roderick Ross, head of TravelLinck International, a travel e-sourcing support service, suggested to delegates at this year’s […]
Is global warming good for the travel business? Read More »
This old adage seems to be more appropriate now than ever before with the focus on various State-owned enterprises (SOEs) regarding alleged or apparent mismanagement of funds. With failing to adhere to financial budgets, financial limits being exceeded, wasteful expenditure in the area of Expense Management, one has to question the processes in place to
Expenditure management – prevention is better than cure Read More »
Organisations that have travel driven by Procurement professionals have a much better ability to do demand management than other functions, most notably when travel is overseen by human resources, who are pretty weak in terms of demand management, says Christa Manning, director of Expert Insights research for American Express Business Travel Global Advisory Services. Manning
Demand management and outsourcing of travel Read More »
Buying and Procurement personnel comprise a significant chunk of annual international business commuters, which begs the question: are their respective organisations ensuring that they enjoy the same level of safety during their journeys as they do at the office? The legal principle that applies is that every employee is entitled to health, safety, security and
Do CPOs have a Duty of Care? Read More »
Very few travel buyers or procurement specialists consider themselves to be ‘Risk Managers’. However, in the increasingly dangerous world of travel spend, this is exactly what they must become. “Since commission cutting in 2005, the focus of the corporate travel buyer has been to drive down expenditure associated with travel. This, in turn, caused a
Cost vs. responsibility in travel management Read More »
Organisations that do not use an automated travel and entertainment (T&E) expense management service are falling behind in almost every measure of financial management. These organisations as ‘laggards’ and presents figures showing that they pay 37% more to process their expense reports; they take three times longer to reimburse employees; and they are essentially working
The ‘silver bullet’ in managing travel and entertainment expenses Read More »
Are travel management companies causing increased travel costs? One of the measures used for benchmarking Corporate Air travel is the average savings achieved against the published fares and, while organisations recognise that this savings methodology is not necessarily the best, it has been applied consistently and is useful to track savings over time. The
Savings for Corporate Domestic Air Travel vs published prices on downward slide Read More »
Although travel expenses account for a significant – and rising – portion of a business’ s operating expenses, it remains one of the most difficult to manage or control. This results in unnecessary costs, says Warren Tanner-Ellis, general manager, Travel Management Solutions at MWEB CommerceZone, a provider of hosted e-Procurement solutions and services. “These costs
Taming travel expenses? Boost your compliance! Read More »
This graph shows the index for the average SAA, BA Comair & Nationwide net economy return ticket prices (excluding taxes and VAT) for the Johannesburg – Cape Town route across a number of organizations from September 2002 to 2005. This index shows that net prices have been moving down despite the price of aviation fuel
Air travel prices continuing down… But isn’t the total cost going up? Read More »
