Strategic Sourcing
Learning Center

Best Practices: Strategic Sourcing for Venue Selection

Strategic sourcing involves selecting the best venue based on specific criteria such as price, location, capacity, and services. Introducing strategic sourcing can reduce costs, improve transparency, and optimize the procurement process. It also ensures that venues and vendors align with organizational values and goals.

Explore strategic sourcing resources

Getting started

Program Maturity Levels for Strategic Sourcing
Cvent Preferred Agency Partners
Cvent Sourcing Solutions
The Power of Venue Sourcing Technology

Top three tips

1. Establish a clear and consistent sourcing process for venue selection, negotiation, and contracting.
2. Utilize technology to streamline the sourcing process.
3. Build strong relationships with venues to negotiate better pricing, contract terms, and flexibility.

Additional resources

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Cvent Supplier Network

Supplier Network Training
Using Supplier Categories
Sourcing Venues with Instant Book

Venue sourcing program

Making the Most Out of Program
Venue Sites for Simple Meetings
Account-Wide Default Questions for RFPs

Additional support

Leveraging an Agency for Sourcing
Sourcing for Sustainable Events
Marking Preferred Venues and Brands

Customer stories

Autodesk Global Sourcing

“The Cvent Supplier Network enables the team to source venues using unique criteria and filters. Rather than having every single hotel follow up with us individually, they'll go through the NSO and it's very efficient. It saves us tons of time.”

Gigi Gleason, Sr. Manager, Global Meetings Solutions

See full customer story

Federal Conference

“The Cvent Supplier Network is like a one-stop shop. I put all my information into a database and because they have such a wide visibility, people call me. I don't have to call them. So, it saved me a lot of time, energy, and money.”

Faye Crenshaw, Event Planner