Keys to Savings: How to Streamline the Procurement Process
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A U.S. hotel chain saved over $200K annually by optimizing their procurement strategy with real-time reporting, menu development, and order standardization. Leveraging technology like Foodbuy Hospitality’s MPower platform and eProcurement solutions such as OneSource helps streamline decision-making and purchasing. Utilizing group purchasing organizations (GPOs) negotiates lower prices and streamlines procurement, offering cost savings and operational efficiency. This strategic approach to procurement contributes to brand consistency, long-term profitability, and a competitive edge in the hospitality industry.
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