6th CIPSA Annual Conference - The Business Case for Attending

Why you should attend

Here are just a few of the benefits:

· Understand current practical issues facing the profession and hear solutions from world class speakers

· Real time, topical benchmarking of global best practices

· Network with others in similar situations to learn how others address same problems

· Meet & review service providers to the profession in a neutral environment

· A great Teambuilding activity – also motivational & rewarding to attend

· Personally meeting with CIPS team - to review your own or your teams personal and professional development needs

· Contributing to professional community debate – reflects well on employing organisation

The Business Case for attending conferences/training etc.

And for those of a harder-nosed disposition, what about applying the following business case to your attendance:

· If the average addressable spend of an organisation is $500m

· And it has a procurement team of 10 people

· For whom the payroll cost is $1m

· And it invests 20% in training/conferences = $200k

· If this total spend of $1.2m investment delivers a 0.1% saving

· 0.1% saving on $500m is $500,000

· Which delivers an ROI of 250%

· But our team who now attend professional conferences or training now deliver a 1% saving

· Which generates $5m in savings

· Which is an ROI of 2500%

Try that one on the CFO next time he questions your training or professional development budget!