News & Resources

The Pros and Cons of Group Purchasing Organizations

Buying Groups, also known as Group Purchasing Organizations (GPOs) have been around for almost a century, and provide value to a number of industries, including Hospitality. The concept behind Buying Groups is laudable – small, independently run businesses can combine...

read more

Sourcing groups fight to get back in hotels’ good graces

NATIONAL REPORT – The financial crisis that started in 2007 and the subsequent economic downturn created a difficult period for the hospitality industry.Forced to do away with nonessential services, many hotels were quick to end their relationships with the purchasing...

read more

Spice up Your Catering Profits

How profitable is your catering business? Some caterers experience a pretax profit of over 25%, while others are barely able to show a profit. The average pretax profit for caterers is between 7% and 8%. Having an accurate, up-to-date picture of how your catering company is performing financially is crucial.

read more

Purchasing–You Don’t Have To Do It Alone

Owners and operators are hampered by being “small fish” in a big purchasing pond, lacking the collective buying clout required to be able to negotiate the best prices. They’re discovering that “do-it-yourself” procurement is not as simple as they had hoped and are now realizing that they don’t have to do it alone.

read more

Casinos Use Food and Beverage to Sweeten the Pot

With new restaurants, more menu choices for in-room dining, high-end buffets, and new gaming table snacks casino operators must be smart about food and beverage purchasing. Many casino operators are opting to work with purchasing partners to help them lower food costs and generate additional revenue.

read more

2400 High Ridge Road, Ste. 100
Boynton Beach, FL 33426
888.411.9987

© 2018 Source1 Purchasing. All rights reserved.