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Richmond Events' Business Panel Report - Attitudes to Suppliers

Headline findings include:
  • 6% of the panel will meet over 50 potential new suppliers per year though none will appoint this many. 
  • On average the panel talk to 18 potential suppliers over the course of a year.  They then appoint on average 5 new suppliers per year – i.e. just over 1 in 4 (or 28%) of the companies they meet.   
  • The average number of suppliers that the panel employs over the course of a typical year is 28.  This can be further broken down to 23 (82%) existing and 5 (18%) new.
  • Only a minority of companies always employ a formal tender process or a short list system when appointing new suppliers.
  • In terms of input from other departments during the appointing of new suppliers, procurement are most likely to be involved, finance and legal in some cases and HR less so.
  • The 2 top ways of sourcing potential new suppliers are recommendations / word of mouth and through meeting at a conference. 
  • No surprise that in this day and age price is the number one factor the panel looks for when compiling a shortlist of suppliers. This is closely followed by product quality and flexibility.
  • 82% of the panel have asked some of their suppliers to re-quote their prices over the last few years, with the average number they’ve asked being 30%.
  • However the majority of the panel has not changed their payment terms
  • Over half of the panel has brought work back previously outsourced work in house.  Of those that have done so the average amount (they’ve brought back) is 13%.
  • The majority of the panel is quite prepared to ask suppliers to re-quote in order to match a lower price, with only 6% saying they would never do so.
For full report http://revents.info/l/6qk

Chris Moon Confirmed as After Dinner Speaker at Whittlebury Hall

Chris Moon is one of the most fortunate people to be alive you are likely to meet.  He should be dead many times over and his exploits have been covered in a Discovery documentary: I Shouldn’t Be Alive.

He is a motivational speaker who walks the talk. He’s one of the few Westerners to have survived being taken prisoner by Khmer Rouge guerrillas and negotiated his release and that of two colleagues from threatened execution.

In 1995, Chris was blown up in a remote area of East Africa while clearing landmines for a charity and lost his lower arm and leg. Within a year of leaving hospital he completed the London Marathon, raised significant funds to help disabled people in the developing world and completed a Masters Degree.

Chris is believed to be the world’s first amputee ultra distance runner and has completed the world's toughest ultra-marathons, including Marathon Des Sables and Badwater Death Valley 135 mile Ultra.

For more than 10 years Chris has been helping people change with keynotes and workshops which create understanding, engagement and action leaving audiences inspired, uplifted and ready to go the extra mile.

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Richmond Events' Business Panel Report - Attitudes to suppliers

The latest Richmond Events' business panel report on attitudes to suppliers is now available. Please read on for headline findings and to download the full report.

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The Digital Marketing Forum, 13th March 2013, Heythrop Park, Oxfordshire – Post event newsletter

Over 100 of the UK’s leading digital marketers gathered in the Oxfordshire countryside on 13th March for the 2013 Digital Marketing Forum. Representing some of the country’s leading brands, delegates enjoyed a packed programme of presentations and workshops together with the chance to meet over 40 digital agencies offering a full range of digital services.

Social Media: Do It Right Or Perish… …so said Erik Qualman in his opening address. As one of the world’s leading specialists in new media, with a unique pedigree in advising Fortune 500 companies, authorship of the definitive work on social media and experience both sides of the client-agency fence, Erik was quick to stress the advantages and the pitfalls of social media. You could call it the largest focus group in the world, he told delegates, with unique opportunities for loyalty building and customer interaction – provided you put as much or more effort into both managing customer response as well as data analysis.

Click here to view the post event newsletter

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