Blog Posts Archives - Source1 Purchasing

Maximize Hotel Convenience Store Sales with Grab and Go Items

January 6, 2021 | Blog Posts, Group Purchasing Organization, Lodging | 0 comments

As the hotel industry slowly climbs out of the cavernous vacancies left by the pandemic, “breakeven” has become the operator’s current goal, a means of hanging on until some sense of normalcy returns. Like most other businesses, hospitality has been hard hit with...

How Hotels Can Save on Operating Supplies and Equipment (OS&E)

November 6, 2020 | Blog Posts | 0 comments

Hotel Operating Supplies and Equipment (OS&E) refers to the day-to-day products that both staff and hotel guests use. It represents a large range of items that hotels require to operate, much of which is consumable, and therefore requires monthly or bimonthly...

5 Things to Consider When Selecting Products for Your Hotel Pantry

June 24, 2020 | Lodging | 0 comments

Traditionally, the pantry has been a resource to meet the needs of guests when they are looking for a light snack or quick meal. However, due to recent restrictions caused by COVID-19, the pantry has become a much more integral part of a hotel’s day-to-day operations....

How to Reduce Transaction Costs

March 9, 2020 | Procurement Services Companies | 0 comments

As is common knowledge in business, transaction costs are expenses incurred when buying or selling goods or services. These are associated with the work required to bring goods or services to market. Irrespective of the size of business every hotel must choose between...

Successfully Reducing Waste In Hotels – And How You Can Make A Change In Yours

February 25, 2020 | Procurement Services Companies | 0 comments

Successfully Reducing Waste In Hotels – And How You Can Make A Change In Yours The world generates a whopping 3.5 million tons of plastic and other solid wastes each day, and reducing that number is a primary part of protecting the environment. However, when it...

A Purchasing Audit Can Save You Thousands of Dollars

February 10, 2020 | Procurement Services Companies | 0 comments

What Can a Purchasing Audit Do for You? A purchasing audit provides managers insight into the processes used to order products, highlights what products are purchased, displays the selection criteria used for each product and vendor, and outlines the procedures...