Hospitality Net

OCTOBER 23, 2024

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.

Procurement 52

Procurement Cost Reduction Guest Satisfaction Marketing 52

Hospitality Net

MARCH 6, 2024

Volatile prices, extended lead teams for goods and services, and keeping up with guest preferences are just a few challenges that continue to impact hotel supply chains years into pandemic recovery.

Procurement 77

Procurement Pricing 77

Lodging Magazine Operations

AUGUST 23, 2023

While inflation is still casting a long shadow over the market, the bright side for buyers is that supply chains are more reliable than they were 12 months ago. As a result, the lead times for many orders are shrinking back to what they were pre-COVID. Evidence of this trend comes from Atrium Hospitality.

Procurement 89

Procurement Marketing Magazine 89

Lodging Magazine

NOVEMBER 2, 2023

A slew of factors, from inflation to supply chain disruptions, have driven food costs higher in recent years, compromising already-tight hotel food and beverage profit margins. A GPO doesn’t just provide cost savings, but also […] The post Advice: Procurement Partners appeared first on LODGING Magazine.

Procurement 52

Procurement Magazine 52

Modern Restaurant Management

NOVEMBER 5, 2021

Food service suppliers have been scrambling to keep pace with fluctuating demand in a supply chain that has been anything but predictable since 2020. How Innovative Supply Chain Technology Can Empower Purchase Decisions. The past year and a half have revealed vulnerabilities in the supply chain.

Procurement 236

Procurement Information Pricing 236

Hospitality Magazine

OCTOBER 22, 2024

EcoVadis evaluates companies on various criteria, including environmental management, labour and human rights, ethics, and sustainable procurement. Through collaboration and accountability, SLoCT fosters a more sustainable supply chain, enhancing overall environmental performance.

Procurement 130

Procurement Accounting Information Magazine 130

Hospitality Net

JULY 23, 2024

RIU Hotels & Resorts has taken yet another important step forward in its Proudly Committed sustainability strategy with the approval of two key policies: the Sustainability Policy and the Procurement and Supplier Policy.

Procurement 80

Procurement Document 80

Modern Restaurant Management

MAY 10, 2022

Here are three ways you can reduce your restaurant supply and labor costs: Use Technology to Streamline Operations. Whether you’re taking inventory, ordering supplies, or managing the supply chain – it all costs time and labor. Partner with Supply Chain Experts.

Cost Reduction 197

Cost Reduction Pricing Procurement Information 197

Hotel Owner

JUNE 14, 2024

That said, improvements in three key areas of sales, revenue, and procurement, can often be a driver for positive change and profitability. Procurement – Strategic sourcing for enhanced profitability Savvy financial management is a key driver of sustainable success at any hotel, venue, or hospitality setting.

Procurement 52

Procurement Business Development Book Housekeeping 52

Modern Restaurant Management

APRIL 18, 2024

Supply Chain Disruptions: The availability of restaurant fryers and component parts can be impacted by supply chain disruptions such as shortages of raw materials, delays in transit, or geopolitical concerns. This can cause delays in the procurement process and could raise expenses for restaurant owners.

Marketing 117

Marketing Procurement Budgeting Pricing 117

Serviced Apartments

NOVEMBER 8, 2023

India: Serviced accommodation manager Synergy Global Housing has appointed Masood Ahmed as the company’s business development and supply chain manager in APAC. Ahmed will be responsible for developing new client relationships throughout the country whilst collaborating with supply chain partners across Asia-Pacific.

Business Development 52

Business Development Procurement 52

Hotel Business

JULY 19, 2024

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.”

Procurement 59

Procurement Guest Satisfaction Pricing 59

Modern Restaurant Management

JANUARY 23, 2024

Implement a Thorough Quality Control Process It’s absolutely necessary for companies to be rigorous about following strict quality control practices throughout the supply chain. Additionally, partnering with an unreliable supplier can lead to significant supply chain risks.

Procurement 197

Procurement Accounting Marketing Training 197

Serviced Apartments

SEPTEMBER 21, 2024

EcoVadis evaluates companies on four key areas: environment, labour and human rights, ethics, and sustainable procurement. Reading Time: < 1 minute Worldwide: Corporate accommodation provider CAP Worldwide has been awarded gold status from sustainability ratings company EcoVadis.

Procurement 52

Procurement Reservations 52

Synergy Suite

SEPTEMBER 17, 2024

These mistakes can damage relationships, lead to inconsistent supply chains, and ultimately affect customer satisfaction. Strong vendor relationships are not only about securing competitive prices; they’re a cornerstone in maintaining a smooth operation amid the often turbulent supply chain.

Vendor Management 52

Vendor Management Scheduling Procurement Pricing 52

Hotel Owner

SEPTEMBER 9, 2024

While waste can occur throughout the supply chain, it is crucial for hotels to focus on internal practices, especially in their kitchens and restaurants, where they can directly implement change. Waste tracking not only reduces waste but can also save costs on food procurement by eliminating unnecessary over-purchasing.

Portion Control 115

Portion Control Menu Planning Training Procurement 115

Hotel Owner

APRIL 11, 2024

Other key ESG initiatives across its properties globally include: Adoption of sustainable eco-friendly linen and paperless in-room guides to reduce environmental footprint; Reduction in plastic waste through the elimination of single-use plastics in rooms and food and beverage outlets; Engagement and partnership of responsible suppliers to build a (..)

Procurement 98

Procurement 98

Modern Restaurant Management

JULY 14, 2022

You can unlock the power of your restaurant data with the help of solutions such as procurement and supply chain technology. Let technology be the consistent employee you can rely on. Let technology guide you to profitability. The unknown is always scary.

Procurement 215

Procurement Information Accounting Article 215

Hotel Business

JANUARY 10, 2023

Our expos in Dallas and Atlanta offer a valuable opportunity to control your hotel supply chain instead of having the supply chain control you.”. It’s a unique combination that can dramatically reshape the supply chain and bottom-line results for American hoteliers.”.

Procurement 59

Procurement Events Scheduling 59

Hotel Business

NOVEMBER 15, 2022

Inflation, supply-chain delays and the labor crisis were all concerns throughout this year, as hoteliers stayed on the path of recovery. “The biggest impact to the supply chain challenges and the food challenges we’re seeing today is the weather,” he noted. Supply chain issues are also a problem.

Procurement 59

Procurement Budgeting Business Development Book 59

Hotel Business

JUNE 5, 2023

In the latest Hotel Business Hot Topics session, “Conscious Minds: Optimizing the Food & Beverage Supply Chain for Profitability and Sustainability,” in partnership with Entegra, a panel of industry executives discussed how hoteliers can implement sustainable practices in the F&B supply chain while keeping their bottom line in mind.

Procurement 59

Procurement Communication Events Pricing 59

Hotel Business

NOVEMBER 15, 2022

Inflation, supply chain delays and the labor crisis were all concerns throughout this year, as hoteliers stayed on the path of recovery. “The biggest impact to the supply chain challenges and the food challenges we’re seeing today is the weather,” he noted. Supply chain issues are also a problem.

Procurement 52

Procurement Budgeting Business Development Book 52

Serviced Apartments

SEPTEMBER 28, 2023

Key takeaways included: • Cost and location are the biggest influences in procurement and booking. Panellists Gabrielle Chateauneuf of Agiito, Tobias Simons of ABB, Stephen Lascelles of Willis Towers Watson, and Michelle Bishop of Gallagher discussed the trends and challenges facing business travel and global mobility.

Book 59

Book Procurement Events 59

EATER

AUGUST 20, 2024

“There were a lot of supply chain things to work out, and I was the only employee at my company for the first two years,” she says. “It Gao had to focus on building what she calls a “world-class supply chain” to ensure that she could procure enough high-quality spices to stock thousands of new stores with her product.

Pricing 103

Pricing Procurement Marketing Definition 103

Luxury Hospitality Magazine

NOVEMBER 1, 2022

Prompted by the recent increase in energy prices, the documented cost of living crisis and the increasing costs faced by businesses, the effort looks to support hospitality outlets located across Scotland, with a co-ordinated effort to provide customers with a range of dining and stay incentives, which are set to kick off on October 24thand run through (..)

Procurement 52

Procurement Document Pricing Magazine 52

Lodging Magazine

NOVEMBER 15, 2022

Challenged by both price increases and supply chain disruptions, buyers do well to exercise all the best practices at their disposal, including flexibility in product selection when possible, closely monitoring price fluctuations, exploiting volume buys, and maintaining regular communications with suppliers.

Marketing 104

Marketing Pricing Communication Magazine 104

Smart Brief Hospitality

DECEMBER 12, 2022

” Entegra President and CEO Damien Calderini believes weather will be a top issue because of its effect on the supply chain and access to food. And we’re building four or five contingency plans behind those so that as things do change, we’re able to react quickly and nimbly.”

Travel and Tourism 90

Travel and Tourism Procurement Budgeting Article 90

Hotelogix

OCTOBER 18, 2023

  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. Disrupt Mitigation: Unexpected disruptions like equipment breakdowns or supply chain disruptions can occur.

Procurement 100

Procurement Special Events Guest Satisfaction Pricing 100

Modern Restaurant Management

MAY 26, 2022

Since we can’t get away from rising prices and supply chain bottlenecks, we can look for new approaches that can help manage the impact. No one is a fan. However now that we are emerging from the pandemic, this is our reality.

Pricing 183

Pricing Procurement Information Events 183

EATER

OCTOBER 1, 2022

Every single thing (with the exception of marketing, branding, and creative direction) was entirely new: sourcing fish, building supply chains, finding co-manufacturers, working on product innovation and development, fundraising, putting together the building blocks of a formalized company. The ground fell out from under me.

Procurement 94

Procurement Definition Catering Marketing 94

Modern Restaurant Management

FEBRUARY 21, 2022

High cost of organic produce and supply chain problems. In the wake of ongoing pandemic, restaurant owners are facing supply chain problems due to agricultural production and labor shortages, fluctuations in demand, and transportation logistics issues.

Blog 221

Blog Marketing Procurement Pricing 221

Modern Restaurant Management

APRIL 14, 2021

Analyze Supply Chain. Do your due diligence and critically analyze your prospective hand sanitizer partner’s supply chain. Getting answers to these questions early on can inform your long-term strategy for procurement and a sustainable supply of product in increasingly challenging times.

Sanitation 131

Sanitation Budgeting Procurement Information 131

Synergy Suite

DECEMBER 28, 2023

A streamlined purchasing cycle is the backbone of a well-functioning supply chain, ensuring that an organization acquires the necessary goods and services in a timely, cost-effective, and organized manner. Owners should scrutinize every step, from identifying the need for supplies to placing orders and receiving deliveries.

Procurement 52

Procurement Scheduling Communication Blog 52

Hotel Owner

JUNE 12, 2024

The partnership with WWF will help Novotel drive operational change and action for the greater good of the ocean and deliver upon its Positive Impact Plan. WWF will provide a dedicated steering committee to assess Novotel’s progress on its commitments throughout the partnership.

Procurement 52

Procurement Beverage Operations Information 52

Modern Restaurant Management

DECEMBER 17, 2021

In parallel, procurement challenges persist as the food service industry reels from ongoing global supply chain disruptions and inventory delays. restaurant sales plummeted from $66.2B between February and April 2020. Fast forward a year later and sales climbed back to $66.5B by April 2021 — a 122 percent+ increase YoY.

Procurement 188

Procurement Customer Service Training Information 188

EATER

SEPTEMBER 16, 2020

Cheese is looking to shred 7 billion excess prize tickets that have piled up in its supply chain and, if somehow procured by the general public, could be traded in for $9 million worth of prizes. Kraft Heinz is selling off most of its cheese business — but not its Kraft singles — to French dairy company Lactalis for $3.2

Procurement 106

Procurement Magazine 106

EATER

NOVEMBER 10, 2021

We’ll save what Nicola and Cynthia thought of their stealthily-procured lung and the other offal in their feast for the episode.

Procurement 98

Procurement 98