News/Press

Source1 Purchasing Named Top Purchasing Company in 2017 Hotel Management Survey

Source1 Purchasing is Number 2 on List for “All Client Purchasing” Value for 2016 February 8, 2018, Boynton Beach, FL – Source1 Purchasing, the leading procurement services organization, was featured in the December 2017 issue of Hotel Management Magazine as one of the 2017 Top Purchasing Companies. Hotel Management opens the annual survey to all […]

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Source1 Purchasing Named Top Purchasing Company in 2017 Hotel Management Survey

Source1 Purchasing holds the number two spot for “All Client Purchasing,” including hotels, during the 2016 calendar year. This, in effect, means that Source1 Purchasing holds more total purchasing power than all but one of the feature purchasing companies.

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Casinos Use Food & Beverage to Sweeten the Pot

With new restaurants, more menu choices for in-room dining, high-end buffets, new gaming table snacks, and an array of specialty dishes, casino operators must be smart about food and beverage purchasing. Many casino operators are opting to work with partners such as Source1 Purchasing to help them lower food costs.

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Casinos Double Down on Millennials

For casino operators, now’s the time to attract millennials with expanded food and beverage offerings, appeal to this health-conscious group with fresh, eco-friendly menu options, gain market share and increase your profits from this growing chunk of the workforce.

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Keep Calm and Be Consistent

To achieve reliable performance, many restaurant owners and chefs have discovered the power of working with a partner such as Source1 Purchasing. With our purchasing solution and online marketplace, all your locations can access a centralized purchasing platform, so the same standard of high-quality ingredients can be used system-wide.

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The Secret Sauce of Supplier Selection

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. Here are some areas for hotel owners, chefs and food & beverage managers to contemplate when choosing suppliers.

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Maintain Brand Consistency Across Locations

For a franchisor or a management company, affiliating with a Purchasing Services Organization (PSO) provides an effective solution to many of these challenges. A PSO allows you to set up the systems and processes needed to take advantage of bulk purchasing across locations.

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Competitive Pricing Insights…and More

Becoming a partner with a Purchasing Services Organization (PSO) allows hospitality professionals
to access and reap the potential rewards of industry-wide purchasing data, which is more robust and
meaningful than what they had in the past.

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Purchasing – You Don’t have to Do it Alone

You control your purchasing environment while procurement specialists manage the details. The program is flexible enough that you can continue working with your own suppliers. There is no cost to participate and the agreement can be terminated without penalty as early as 30 days after you are enrolled in the program.

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Tips for Smart Commodity Buying

According to the National Restaurant Association 2017 Restaurant Industry Outlook, a gradually improving economy will help restaurant-industry sales continue to advance in 2017, but restaurant operators continue to face margin pressures, a tightening labor market and some lingering consumer uncertainty.

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