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.)