Multi-Unit Hotels and Restaurants Drive Rapid Growth of Co-Sourcing

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The growing demand for new group purchasing solutions impacts Source1 Purchasing.

Source1 Purchasing
More owners, operators and management groups are recognizing that our procurement model provides them with more freedom, flexibility and control than traditional group purchasing companies.

More hospitality and food service organizations are recognizing the value of customized procurement programs. As a result, Source1 Purchasing is outpacing the growth of traditional group purchasing companies. To better serve an expanding customer base and market demand, Source1 Purchasing recently moved to a new headquarter facility in Boynton Beach, Florida with additional offices in Memphis, Tennessee. With the relocation to a new office to accommodate the growth of the company, Source1 launched Priority Track, an enhanced buying program, and was named by Hotel Management magazine as one of the Top 100 Purchasing Companies.

“More owners, operators and management groups are recognizing that our procurement model provides them with more freedom, flexibility and control than traditional group purchasing companies,” says Scott Hoffmire, President and CEO of Source1 Purchasing. “No longer is outsourcing the preferred solution. Today, co-sourcing is the right answer for most owners and operators.”

Introducing Priority Track
Source1 Purchasing also introduced the enhanced buying program, Priority Track. “Creating this dynamic new program was essential in order for us to adapt to our flourishing client base and be able to meet the individual needs of multi-unit owners and operators,” says Hoffmire. “Priority Track allows us to be a better partner to our clients by providing a customizable co-sourcing program that offers more flexibility and the highest quality products at a lower cost.”

Gaining Recognition And Welcoming New Business
Industry leaders continue to acknowledge Source1 Purchasing’s growing success. For the fifth year in a row, Hotel Management magazine named Source1 Purchasing as one of the Top 100 Purchasing Companies. Source1 Purchasing estimated it would complete purchasing services for 1,000 hotel companies in 2012 and was able to exceed that number and become one of the fastest growing purchasing and procurement companies in the industry.

“It is truly an honor to receive recognition for our transcending growth and success,” says Bob Bassett, Source1 Purchasing Senior Vice President, Operations. “Being named a Top Purchasing Company each year affirms that our efforts and purchasing solutions are genuinely helping our clients, which is a core goal that is shared among the entire Source1 Purchasing team.”

Along with the move to new headquarters, Source1 Purchasing has also launched a new responsive website that features helpful advice and insights for owners and operators looking to optimize operations and exceed their customers' expectations.

“We are operators serving operators,” says Hoffmire. “We understand what it takes to help our customers protect the promise they make to their customers.”

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

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Ursula Schleider
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