Remove Food & Beverage Remove Maintenance Remove Procurement
article thumbnail

Understanding inventory and supply chain management

Les Roches

This includes food, beverages, linens, toiletries and other items and means coordinating with suppliers to achieve timely delivery and quality standards. In hospitality, inventory and supply chain management involves handling, getting, storing and distributing the goods needed for operating hotels, restaurants and other venues.

article thumbnail

RBH: A push into the luxury market

Hotel Owner

We have recently made a change to our procurement strategy around utilities by moving to a new broker and putting a focus on limiting how much fixed price contracting we put in place, and instead managing a more flexible hedging process. which are all experiencing material growth.

Marketing 105
article thumbnail

4 Proven Strategies Operators in Saudi Arabia Must Know To Grow Their Restaurant Profit Margin

The Restaurant Times

Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations. This includes the cost of ingredients, rent, equipment, depreciation, interest and taxes, repairs, wages, utilities, and maintenance.