TOTAL PROCUREMENT - FOR HOSPITALITY INDUSTRY

Hospitality procurement is a subset of the broader purchasing and procurement activities that focus on buying services and goods for the restaurant, resort, and hotel industry.

In today’s fast-paced marketplace, hoteliers must be prepared to react quickly and decisively in order to remain profitable. Hospitality procurement can be a complex and demanding process with multiple stakeholders, limited budgets, and frequent last-minute requests. It has become necessary for Hoteliers to establish strong supplier relationships and build a culture of transparency that clearly define their requirements.

When sourcing certain goods, quality may be an issue with some products, but the primary focus in hospitality procurement should ideally be longevity and replacement. Therefore, it is important to work with a trusted partner who will understand your requirement, your budget, desired timelines, and inventory management needs. Ensure that suppliers are willing to collaborate with you and are open to feedback.