TWO ROADS HOSPITALITY
much deeper lasting relationships that we ’ re able to leverage . It enables us to have suppliers who are invested in making sure our hotels succeed .”
Technological ingenuity In an industry that is being pushed to do more with less , technological innovation is helping Two Roads Hospitality stay ahead of the curve . As a result , the international company is utilizing big data to create efficiency and add real-time supply chain insight to a fast-paced and ever-evolving business model . Partnering with innovative companies like Buyers Edge Purchasing , Two Roads Hospitality utilizes data warehousing to see itemized details about what the company has bought , where it was bought , how often was it bought , what was paid and what the product ’ s specification is .
“ As well as that , Buyer ’ s Edge also offers something that our industry is not famous for and that ’ s price assurance ,” adds Edwards . “ It ’ s great that we spend months on a sourcing event , deliver a great contract and get a high degree of alignment from our properties into that program , but if nobody is auditing the price to ensure we ’ re getting the right price delivered , we ’ re leaving money on the table . Buyer ’ s Edge has really enabled us to be able to do that work in an automated way .
“ As partners go , I consider these folks an extension of my sourcing team ,” he adds .
116 March 2018