SupplyChain Magazine March 2018 | Page 111

SUPPLY CHAIN

Approximately

$ 2bn

in hotel revenues under management them , what they need to run their business , where their opportunities are , where their pain points are and how I can help resolve these issues . In that way , we personalize our strategic sourcing experience more than a traditional GPO does .

“ GPO ’ s take a wide net approach to procurement whereby they throw a wide net out into the water and catch what they catch ,” adds Edwards . “ In this way , they ’ re not necessarily focused on what the specific needs of the property are . Meanwhile , at Two
Roads Hospitality , we ’ re like a line fisherman . We have a very specific target and a very specific strategy to catch what we ’ re after . That ’ s the key sourcing strategy here – how do we focus on the very specific needs of our business when we go to market ?”
Sustaining supplier relationships With the growing pressure to reduce spending whilst enhancing value , cost cutting has become a fundamental part of strategic sourcing . As such ,
www . supplychaindigital . com 113