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Why you should attend
 
As we all try to weather the Perfect Storm, we would like to remind prospective delegates (and your line-managers) why it is important to attend an industry leading event such as this.
 
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!

 

 

 

 

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