Hospitality Management: A Giant Juggling Act
One minute you may be acting as concierge, the next, presenting your quarterly budget to top management and the next, helping a guest find a lost wallet. You’re constantly juggling the needs of...
The Pros and Cons of Group Purchasing Organizations
What is a Buying Group? Buying Groups, also known as Group Purchasing Organizations (GPOs) have been around for almost a century, and provide value to a number of industries, including Hospitality....
Sourcing groups fight to get back in hotels’ good graces
NATIONAL REPORT – The financial crisis that started in 2007 and the subsequent economic downturn created a difficult period for the hospitality industry.Forced to do away with nonessential services,...
Source1 Purchasing Employees Volunteer with Feeding South Florida’s “Mobile Food Pantry”
The team volunteered their time to package vegetables and hand out various food items for individuals to take home for their families. This event was part of the company’s continuing support for...
Spice up Your Catering Profits
How profitable is your catering business? Some caterers experience a pretax profit of over 25%, while others are barely able to show a profit. The average pretax profit for caterers is between 7% and...
Casinos Use Food and Beverage to Sweeten the Pot
With new restaurants, more menu choices for in-room dining, high-end buffets, and new gaming table snacks casino operators must be smart about food and beverage purchasing. Many casino operators are...
The Secret Sauce of Menu Pricing
In the hospitality industry, whether you are running a hotel with food and beverage services or a managing full service restaurant or managing a catering company, pricing food is always the key to...