Co-Sourcing White Paper Outlines New Purchasing Strategy for Hotels and Restaurants

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Source1 Purchasing explains the details of a growing trend embraced by owners and operators.

The Complete Guide to Co-Sourcing: More Buying Power at Your Command with a New Purchasing Strategy.
That’s why many hotel owners and operators are turning to a more strategic procurement approach: co-sourcing.

Source1 Purchasing just released “The Complete Guide to Co-Sourcing: More Buying Power at Your Command with a New Purchasing Strategy.” The white paper sheds light on co-sourcing, the rapidly growing trend that is making waves in the hospitality and food service industries. “Small and midsized hospitality operators continue to realize that the do-it-yourself procurement method not only wastes enormous amounts of time, but also threatens the brand promise,” says Scott Hoffmire, President and CEO of Source1 Purchasing. “That’s why many hotel owners and operators are turning to a more strategic procurement approach: co-sourcing.”

Discussing an Important Trend in the Industry

As co-sourcing continues to remain a top trend in the lodging, hospitality and restaurant industries, Source1 Purchasing found it timely to release the new white paper in order to provide hotel owners and operators with comprehensive information on the subject. “As operators serving operators, it is imperative that we offer a discussion on the topic of co-sourcing so that operators who have not yet adopted this best practice have enough information to compare the new strategy and further protect the promise they make to their customers," says Hoffmire.

In addition, the Source1 Purchasing team has begun to notice one of the biggest obstacles facing prospective clients looking to adopt the co-sourcing procurement model is the familiarity with existing systems and process. Concepts or ideas related to a perceived shift of control, the nuances about procurement, issues surrounding logistics and possible operational disruptions all rank high with organizations. However, the front-runners are finding that the benefits of migrating to a co-sourcing model outweigh any temporary realignment.

Starting with the evolution of co-sourcing and ending with a detailed understanding of how the co-sourcing model works, “The Complete Guide to Co-Sourcing” white paper is intended to provide hotel owners and operators with enough information to develop individual opinions on the trend and the ability to understand how their operation can benefit from revisiting the ability to understand how their operation can benefit from revisiting their procurement process.

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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