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Why Outsourcing An Event Is A Good Thing?

Apr 15, 2017

In today's business environment, many event planning companies, facing with over-extended staffs and shrinking budgets, re-examine their event strategies and turn to outsourcing for some or all of their event management needs.

The decision of whether or not to outsource and trying to figure out exactly what services are prime candidates for outsourcing can be difficult and requires a significant amount of research and deliberation. The first step towards making this important decision is determining your needs and gaining an understanding of how outsourcing event management can benefit your organization. To make things a little easier, here is a list of a few of the many benefits of outsourcing event management;

Time Savings

Planning an event can be very stressful and time-consuming, especially when you have a small staff that is already working at or above their capacity. Outsourcing allows you to leave duties such as site selection, contract negotiation, registration, housing, logistics and event marketing up to the experts, effectively freeing up your staff to concentrate on what matters most to your event–program content.

Experience

Typically, organizations may have some knowledge of event planning, but lack the complete set of skills and experience necessary to successfully plan and execute all aspects of an event from start to finish. One of the main advantages of outsourcing is that you are enlisting the expertise of individuals who are well-versed at managing meetings and events of all types and sizes on a regular basis. Seasoned, credentialed professionals who have seen and done it all can proactively suggest ideas, plug in the gaps, and make improvements based on best practices and past experiences to help create the total event solution that meets your goals.

Accountability

Now more than ever, responsibility, accountability, and transparency are expected throughout all phases of the event process. There is not only an increased focus on controlling meetings spending but also on proving the value of the event itself. Meetings are being scrutinized like never before, and working with an accountable third party meeting planner can help to provide metrics and reporting on everything from food and beverage spending to pre- and post-event attendee surveys, allowing you to develop justification and create a course of action to make future events even better.

Buying Power

Everyone wants to cut costs and save money. Having a partner on your side that has established relationships with the biggest and best hotels, convention centers, caterers, keynote speakers, audio/visual companies, content technology providers and travel companies will give you access to suppliers who are affordable, reliable and professional. You'll never need to shop around for the best provider with the lowest prices and you can rest assured that you won't have any unexpected surprises when the bill arrives. Maximizing your buying power and getting the most out of your budget can also help you to generate additional cost savings and make enhancements to other aspects of your event that increase the overall event experience.

When you have one go-to organization for all of your meeting and event services, you're never faced with the challenge of managing several different suppliers, contractors or other service providers. A centrally-managed approach makes life easier by coordinating all of your needs through one experienced company.

No Job Threat

Contrary to popular belief, even if you're a professional meeting planner, outsourcing to a third party for some or all of your event needs does not pose a threat to your job or the jobs of others within your organization. In fact, third parties often act as an extension of your staff and provide an increased level of expertise, service, and support that would not be available otherwise. When your event is executed flawlessly, comes in under budget, produces a significant return on investment and creates a memorable experience that attendees can't stop talking about, you're going to come out looking like a hero.

Conclusion

The next time you're tasked with putting together a meeting, conference, event or trade show, don't be afraid to consider outsourcing. When used correctly, outsourcing can provide significant time and cost savings for your organization while simultaneously elevating the event experience for everyone involved.

Reference:

"The Benefits of Outsourcing Your Event Management" by William F. Reed, FASAE, CMP, Senior Vice President of Strategic Sales at Experient (24 April 2014) http://www.agence-synergy.com/en/the-benefits-of-outsourcing-your-event-management/


About the Author

Erkan OGULGANMIS

Posted by Erkan OGULGANMIS

Erkan OGULGANMIS Graduated from Army War College, completed MA degree in Ankara University on Global & Regional Studies, studies law in Istanbul University. Works in MEETINGHAND Online Solutions Co. as Business Development & Sales Manager.