How hoteliers are balancing procurement challenges
Hotel procurement continues to face challenges due to a confluence of factors that have reshaped the landscape of the hospitality industry
Consequently, hoteliers find themselves in a constant struggle to manage their inventory efficiently due to space limitations while striving to ensure an adequate supply of essential items. Moreover, the escalating cost of goods forces hoteliers to scrutinize their decisions even more closely.
Key takeaways
- Despite some recent improvements, the persistence of prolonged lead times caused by supply chain disruptions continues to pose a significant hurdle for procurement;
- For certain hotels, the strategy of stockpiling supplies as a response to extended lead times is not a viable solution;
- Therefore, maintaining long-term relationships with suppliers once again emerges as a crucial factor in striking the right balance between cost and quality.
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