This week’s essential entry in the Diversity Dictionary is management information. So, what’s the definition of management information when it comes to business travel?
Management information (MI) is data that your travel management company (TMC) collects on your organisation’s business travel, and is a crucial tool in helping you understand and improve your travel programme.
MI reporting allows you to see big picture and bottom line overviews of your travel spend and trends, but it’s comprehensive nature also allows you to drill down into fine detail, wherever relevant.
MI will provide you with complete information on pretty much everything you need to know, but some typically useful information is:
Sales – How much are you spending, who is spending it and what is it being spent on? Most importantly, where are the potential savings?
Top Destinations – Which places are the most important to your travel programme?
Top Airlines – Which carriers are you using the most? Can this earn you a better deal or are there better alternatives?
Top Passengers – Who’s spending the most money?
Top Hotels – Where are your people spending the most time? Can help in arranging negotiated rates at most used hotels
Passengers In Locations – An important duty of care consideration – who is where at any given time?
Carbon Emissions – Particularly important to environmentally conscious organisations such as charities
It is the travel management company’s Account Manager’s job to help you interpret the vast array of data available through management information, to highlight trends and to uncover cost saving opportunities.
To find out more about management information or business travel in general, get in touch with our team of friendly experts via the channels below.
Telephone: 0161 235 5402
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