News & Resources

Hospitality Management: A Giant Juggling Act

Hospitality Management: A Giant Juggling Act

One minute you may be acting as concierge, the next, presenting your quarterly budget to top management and the next, helping a guest find a lost wallet. You’re constantly juggling the needs of various groups.

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The Pros and Cons of Group Purchasing Organizations

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...

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Sourcing groups fight to get back in hotels’ good graces

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...

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Spice up Your Catering Profits

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.

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Purchasing–You Don’t Have To Do It Alone

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.

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