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Travel Blog, Corporate Travel Management, Tips for selecting the right travel management company, research
Do Your Research! The internet has made it so easy to do your research on a variety of topics so naturally, it is also a great way to find a potential TMC (Travel Management Company). A great way to begin the research process is to do a general search for questions that are related to...
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Travel Blog, Corporate Travel Management, Tips for selecting the right travel managment company, key considerations
Key considerations for selecting the right travel management company… Transaction Fees By far the most popular commercial model, the transaction fees model is where the client pays a small fee for each transaction they make with a Travel Management Company (TMC). Such transactions include bookings, cancellations, or changes to existing bookings. Usually, TMCs offer discounted...
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Travel Blog, Corporate Travel Management, Tips for selecting the right travel management company, procurement process
Issuing an RFP isn’t always necessary when choosing a TMC… Some view RFPs as an outdated method. Companies who thrive on innovation are looking for a better process, one that focuses on building rewarding client-vendor relationships. When looking to hire a vendor who offers a service, a cookie-cutter approach may not yield the best results....
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Travel Blog, Corporate Travel Management, Tips for selecting the right travel management company, benchmarking
Although TMC benchmarking can be an important factor in most procurement processes, the usual techniques used can often lead to inaccurate results when it comes to evaluating Travel Management Companies (TMCs). For ordinary items that are not sensitive to a variety of external factors, such as paper, you can easily solicit a quote from suppliers...
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