Hospitality Industry

Companies in the Hospitality industry pride themselves on offering many different brands, all with the same key ingredient: Above average value, delivered right the first time and every time.

In this industry, it is necessary to constantly innovate and provide customers with great experiences. However, competition has risen to levels never seen before. Even so, opportunities exist for a company to separate itself from its competition with better service and lower costs.

A company’s profit margin reflects management’s ability to control top line costs. Purchasing typically spends ‘half of every dollar’ the firm receives. Therefore, procurement must ensure that the firm has an adequate ‘uninterrupted supply’ of needed the needed products and services, yet add value to the bottom line.

Now is the time to work on your supply chain and manage costs. Every year hundreds of companies save billions of dollars through advanced strategic sourcing processes and supply chain management initiatives.

Just like Ford Motor Company, or Apple, Inc., your company can implement the same programs. By using the same analytics, and sourcing programs, you can gain ‘hard dollar’ savings. Furthermore, the sooner you being putting these programs in place, the sooner you will start realizing savings.

Related Topics

Transforming Procurement Operations. Today, procurement is expected to bring value to the entire business enterprise.  Some organizations have difficulty migrating their legacy processes to more advanced procurement models.  For more on this topic, please follow this link.

Process Management. It is important to have ‘effective business processes’ in place. Otherwise it is very difficult to reach high performance levels. For more on this topic, please follow this link.

Organizational Structure and Performance. Top performing organizations require structure, culture and resources to produce high performance. Departments designed around four areas achieve high performance levels. For more on this topic, please follow this link.

Manufacturing and Supply Chain Services

We are Manufacturing and Supply Chain Services, MSCS, specializing in enterprise wide production and operations management programs. Our company’s proprietary processes and services promote organization, control and cost reduction boosting your company’s bottom line. How can we help you?

Learn more about MSCS’s procurement and supply chain programs.

 

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