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Understanding inventory and supply chain management

Les Roches

Understanding inventory and supply chain management 8th July, 2024 In this article Managing stock and logistics plays a central role in the success of any business, especially in the hospitality industry. Supply chain inventory management makes sure the right amount of goods are available at the right time.

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8 Smart Cost Containment Strategies for Hospitality in Uncertain Times: The Role of Digital Procurement

Hospitality Net

Traditional approaches to cost reduction might offer quick fixes, yet they often limit the strategic manoeuvrability necessary to tackle broader financial, procurement, and supply chain challenges.

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Sustainability in Hospitality Supply Chains: A Force for Positive Change?

eZee Absolute

Well, it all depends on your ‘hotel supply chain.’ So, let’s talk everything about hotel supply chain management and figure out the answer. From linens to toiletries, furniture to food, each element is a link in the hospitality supply chain, contributing to the overall guest experience.

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Choice signs agreement with GPO Entegra

Hotel Business

Through this program, our powerful suite of data and digital tools, procurement solutions and supply-chain expertise will help Choice Hotels deliver opportunities for their franchisees to create memorable hospitality experiences for hotel visitors.”

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How Effective Hotel Inventory Management Strategies Ensure Smooth Operations

Hotelogix

  Optimize Staff Productivity: Your staff members don't have to spend excessive time searching for supplies or waiting for deliveries when inventory is well-managed. This allows them to focus on providing quality service to guests. This helps minimize total inventory costs while meeting guest demands effectively.

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Navigating operational challenges in the hospitality industry

Hotel Owner

Investing in employees’ well-being, work-life balance, and work culture can create a motivated and dedicated workforce that contributes to enhanced guest satisfaction. Effective inventory management systems and supply chain partnerships also help streamline procurement processes, minimise waste, and ensure cost-effectiveness.

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Tech-Driven Hospitality Trends to Expect in 2024 and Beyond

Revenue Hub

For example, AI can help procurement software compare environmentally friendly and diverse-owned hotel suppliers and monitor outcomes when investing in these businesses. If you’re procuring digital tools, the key is to strike a balance between automation and human touch.