Choosing the right suppliers that match the flavor of your business and continuously evaluating their performance can be time-consuming, but the rewards can be very sweet. In our article “The Secret Sauce of Supplier Selection,” we discuss strategies for hotel owners, general managers, and food and beverage managers to contemplate when choosing suppliers—and the secret sauce of the process that may surprise you.
Some of these strategies include:
- consolidating suppliers, which gives your deeper discounts and more responsive service.
- maximizing savings opportunities with rebate management and contract negotiations.
- due diligence of supplier selection to mitigate risk exposure and protect your supply chain.
Learn how working with a partner such as Source1 Purchasing will help you consolidate and manage all your suppliers, understand your costs, track your spending and rebates, and help you identify potential savings by providing suggestions for alternate products and suppliers.