Tyco’s Travel X-Factors: C-Support, Communication

As readers know, Tyco International won Purchasing Magazine’s Medal of Professional Excellence last week.  I spoke with Rose Speckmann, Tyco’s Director of Global Travel, to learn more about her success factors.

The situation was that Tyco’s travel spend shrank by about 65% due to divestitures.  Tyco’s CPO, Shelley Stewart, challenged his supply chain organization to deliver savings despite the loss of buying power.

Rose initiated a three-pronged approach.  One focused on reviewing the contracts with all major travel suppliers; another focused on demand management and usage of video conferencing. (See more details here from Purchasing.com’s article.)

The third prong was all about compliance and communication.  Early on, Rose’s boss, VP of Supply Chain Management Jaime Bohnke, used a monthly President’s Roundtable to Continue reading