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 is most effective when it comes to cutting purchasing costs and maximizing profits.