Constant changes in procurement these days in any industry requires a high degree of agility if an organization wants to stay competitive. In hospitality and hotel management, guest preferences force hotel procurement departments to stay abreast of multiple trends at once. Not keeping pace can only spell bad news for your hotel(s) and impact them in a variety of ways, namely revenue. Here are three challenges hotels are up against and how procurement teams can help.
The process of procuring goods and services for multifamily housing doesn't end once contracts are signed and the on-boarding process is complete. In fact, there is no end: as any procurement professional regardless of industry will attest to, ongoing communication with suppliers is essential to maximizing efficiency and developing strong partnerships.
When it comes to the skills needed in the workplace, there's typically a strong emphasis on technical abilities, often referred to as hard skills. But soft skills are equally important, and in procurement they can really impact your level of success. The important soft skills needed for procurement professionals to be successful include:
The role of procurement has evolved into a strategic department that can help increase revenue. No longer is the sourcing of goods and services done out of some dark and distant office with the sole purpose of finding the best suppliers for the best cost. Procurement is often front-and-center in the overall business strategy in many companies, as its value lends itself to these three core pillars for success: increasing revenue, operational efficiency, and retaining talent. In regards to increasing revenue, here are three ways your procurement team can positively influence your bottom line.
As with every industry, there's always something changing in vending or news stories worth sharing. New products, technology, and strategies are always being tried and tested. Here are five noteworthy stories from the vending industry.
Finding the best vending machine company in the Chicago, IL area isn't easy. Not because there aren't good companies to choose from, but because there are so many. We would know: as a vending management company, we work with a lot of great suppliers all around the country, and Chicago is no different. But how do you choose the right service for your workplace? Here are five tips to help you decide.
Chicagoans work hard. How else would the city be ranked as the third largest in the United States? But you know what they say--work hard, break hard. Okay, maybe that's not the saying, but we're going with it. Because as hard as Chicago works, there's got to be some quality places to go on your lunch break to refuel.
When searching for a new vending machine service, you're likely to be presented with a bunch of options. From the many companies to choose from to the flavor choices, there's a decision to make at every step of the way. But the very first decision will be whether or not to choose self-fill or full-service. Certain factors will determine which route is better for your business (e.g. number of employees and customers), but even if you qualify for full-service vending, you might consider self-fill. Here's a quick guide to help you decide.
Getting a vending machine for your office is a great way to provide employees and customers with easy access to a variety of beverages and snacks. It's a simple way to keep them refreshed and energized. But before getting vending machines installed, there's usually some questions you want answers to first. Here are answers to some of the most frequently asked questions we get about vending services.
Vending machines often get a bad rap. "They're full of junk food," many people say. For a long time, that was an accurate statement. But as eating habits have changed in recent years as many people are more conscious about the foods they consume, the vending industry has upgraded to provide products that align with healthier eating habits. Items that have fewer calories and are lower in sugar are frequently sold through vending machines.