Remove Communication Remove Pricing Remove Procurement Remove Supply Chain
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Prowess in Purchasing: Top Agents Share Their Approaches to Today’s Market Challenges

Lodging Magazine

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
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Hot Topics—Executives discuss industry impact of sustainability

Hotel Business

However, for hoteliers, saving the planet comes with a price, and they have to keep their efforts cost-effective in order to remain on the plus side of the balance sheet. I think it’s important to communicate and catch the eye of those for which this is really fundamentally important.

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

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Purchasing Cycle Time Optimization for Restaurant Owners

Synergy Suite

Supplier Selection: Choosing vendors based on factors like price, quality, and reliability. 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.

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Navigating operational challenges in the hospitality industry

Hotel Owner

Hotels can invest in technology such as mobile check-in/out, digital concierge services, and personalised communication channels to provide a better customer experience. Energy prices, inventory management, and employee productivity all play critical roles in the profitability of a hotel.

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Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

This ratio serves as a key performance indicator, guiding restaurants in optimizing their supply chain and maintaining a healthy financial equilibrium. Continuously assess your suppliers based on factors such as reliability, quality, and pricing. Proper product rotation can prevent wastage due to expired or spoiled ingredients.

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Inventory Management Software: Definition, Benefits, and What to Look For

Synergy Suite

It simplifies communication with vendors, tracks deliveries, and provides alerts for low stock levels, ensuring timely replenishment of supplies. Vendor Management Effective vendor management is crucial for maintaining a reliable supply chain. Required Hardware Consider the hardware requirements of the Inventory Software.