Buyers’ Marketplace by Source1 Powers-Up Purchasing in Tough Times
-Courtney M. Fisher-

Savvy hoteliers aren’t letting shrinking budgets limit their purchasing options in a retreating economy. In order to combat rising food costs and increase profitability, more and more hotels nationwide are taking advantage of innovative purchasing programs that give members purchasing clout and access to more manufacturer agreements, more brands, and ultimately, more choices.

The global financial downturn poses significant negative impact towards the food and hospitality industry. Customized purchasing programs advantageously link buyers under an umbrella of national businesses who purchase together as one unit… and that means purchasing power. Members save on food, beverage and supply purchases with special contract pricing, delivery incentives and rebates on brand name products.

Representing billions of dollars in buying power, purchasing programs help companies contain cost while expanding choices. While the foundation of purchasing programs are cost-savings–members see tangible savings on their foodservice purchases–the benefits of purchasing programs don’t end with the savings. Buyers with volume purchasing responsibility in large multi-unit retail, foodservice, and distribution units gain access to a unique forum that provides new solutions and new products in order to meet growing demands and stay on top of new trends in the retail and foodservice industries.

Turnkey business solutions like these save members time and money. Depending on properties’ specific needs, a well-planned purchasing program may also include: invoice analysis, bid pricing, purchase order submission, new product sourcing, and even staff training. Having the power of a purchasing program on your side is like having an in-house purchasing manager–for literally a fraction of the cost.

Purchasing programs also offer members flexibility and choice in distribution for long term success. Many programs don’t make members conform to new purchasing programs. They simply provide negotiated pricing and/or rebates then carry on with their existing purchasing routines without having heavy restrictions imposed to replace any current suppliers.

Buyers’ Marketplace, which is powered by Source1 Purchasing, is a group purchasing program that is dedicated to securing discount pricing for your locations on food, beverages, and supplies—prices no individual operator has the time, resources, or purchasing clout to secure. With Source1, you will buy better and operate smarter. They will have more power to combat rising food costs, increase their profitability, and build a competitive advantage, even in an unstable economy.

A program like Buyers’ Marketplace can be very influential. Members benefit from better prices, streamlined operations and dramatic savings to boost their business to the top of the food chain. Companies simply save money on products and services they use every day. Plus, with all the paperwork, filing and rebate collection handled by the purchasing program administrator and no limit to the amount of rebates earned, members can sit back, reap the rewards and keep their supply chains at the peak of performance.

For more information on the Buyers’ Marketplace program, please visit www.source1purchasing.com or call 877-717-5566.

About Source1 Purchasing
Source1 Purchasing has been a leading provider of supply services to the food and hospitality industries for more than fifteen years. Focusing specifically on cost management, savings and operational efficiencies, the company offers members a comprehensive suite of services, empowering operators to lower prices, reduce operating costs, ensure consistent product quality, and achieve higher customer satisfaction for their clients.