How Does Group Purchasing Help Hotel Brands?

Decoding the Benefits of Combined Purchasing Power

The end of the year is a time when any brands evaluate what’s working, what’s not, and what can be done to improve their business. During this process, you may be evaluating whether or not a group purchasing partnership can help your brand succeed.

While group purchasing organizations (GPOs) are well-known for the competitive pricing they secure using combined buying power, they have myriad benefits that go beyond supporting your budget. From brand consistency to supply chain stability to supporting bu siness growth, a GPO partnership can be a strategic advantage to your business.

Promoting Consistent Brand Standards

Managing a large portfolio of hotels and resorts can quickly turn into a brand standards balancing act. While one location has facility maintenance services running like clockwork, another may only book them as needed. One property may keep their staff outfitted in fresh uniforms, another may allow for a more open dress policy.

How can group purchasing change this? A GPO partnership can help you consolidate buying across your portfolio. GPOs like Foodbuy Hospitality work with suppliers and distributors that reach every area. They even offer local and regional routes to market. When you opt for a regional program in one area, you can match it with programs for your other locations.

Plus, your GPO partner can help you encourage consistent ordering by setting up shopping lists and order guides. That way, your locations know what they should and should not purchase. The result is a portfolio with the same level of quality across the board.

Providing Supply Chain Stability

Supply chain and stability are rarely used in the same sentence. However, the right partnership can fortify your business against the supply impact of environmental, geopolitical, and economic changes. Your group purchasing partner can help you protect your business by:

• Maintaining strong relations with suppliers and distributors
• Forecasting commodity changes through data collection
• Providing you with program options for when changes occur

Because Foodbuy Hospitality works with a wide range of suppliers and distributors, we’re able to support your business, no matter what is occurring in the supply chain.

Supporting Brand Growth

If there’s one thing every hotel and resort brand is looking for, it’s ways to expand. Whether you’re opening your second location or your 102nd. A GPO can provide the behind-the-scenes purchasing strategies that help you grow at scale. This is achieved through:

• Saving you money on purchases through bulk buying power
• Connecting you with data technology so that you can scale smarter
• Leveraging culinary and distribution experts to guide your operations

Partnering with procurement experts expands your purchasing team, allowing you to accomplish greater growth without hitting growing pains.

Make a Choice That Helps Your Business

When you join Foodbuy Hospitality, you have access to over 600 procurement professionals across category, Member success, culinary, and distribution specialties. These experts use their knowledge and resources to support your brand’s success.

Get started today by reaching out to our team.