We know staying on top of all the news and trends that can affect the price of each product can take an inordinate amount of time. Prices rise and fall based on supply and demand, of course, as well as seasonality. Similarly, knowing when to rent vs own or outsource vs. in-house certain items can also be some of the biggest decisions hoteliers have to make. Many organizations can administer facets of the procurement process, but it takes the constant focus, deep expertise and buying power to achieve comprehensive procurement results.
Download this quick list of items that we’ve found are most effective when it comes to cutting purchasing costs and maximizing profits.
Convergence of Residential and Hospitality Brings New Purchasing Power and Savings to the Multifamily Industry
The multifamily housing industry is facing new challenges and opportunities as property owners and managers look to attract and retain residents who want social, technological and recreational amenities and services often found at hotels and vacation properties. As new attitudes develop about how to incorporate more “hospitality” into their communities, owners and managers are looking to partner with established hospitality procurement providers to help shift expenses from basic operations to resident-focused amenities.
Download the Convergence of Residential and Hospitality whitepaper to gain a comprehensive overview of how you can leverage a hospitality procurement service provider for multifamily properties.
At Avendra, we know balancing guest satisfaction while maximizing costs is a constant priority. So whether you’re responsible for the overall purchasing strategy of a large multi-unit organization or the day-to-day buying decisions of a limited service property, knowing how to better manage costs in your supply chain without sacrificing quality can have a huge impact on your bottom line.
Download the 7 Secrets whitepaper to learn how to better manage costs in your supply chain and immediately see more value from your suppliers.
The FDA Food Safety Modernization Act (FSMA) is the most sweeping reform of U.S. food safety laws in more than 70 years. It aims to ensure the nations’ food supply is safe by shifting the focus from reaction to pro-action. The hospitality industry is at the forefront of benefiting from the new FSMA regulations as they drive enhanced quality assurance of food and beverage supplies.
Download this quick read to help you understand the purpose of the FSMA and for helpful tips on how to ensure the quality and integrity of the products you receive.
As the hospitality industry looks to generate more operational efficiencies while maintaining brand diversity, a paradigm shift is occurring in the area of procurement services. Once strictly a tactical solution, the procurement of goods and services through a third-party is now a strategic initiative. The result is better managed services, a 360° view of how its procurement service provider is delivering better value and additional cost savings.
Download our whitepaper to learn how you can utilize outsourced procurement services to deliver higher performance at a lower cost.
Watch this two minute video for an overview of Avendra’s services and the value we deliver to our customers.
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