4 TIPS TO REDUCE COSTS & IMPROVE PROFITABILITY FOR YOUR HOSPITALITY OPERATIONS

any hospitality operators are experiencing price increases, supply chain issues, and significant staff churn.

Alan Cruite, General Manager, Ireland at Trinity Purchasing, our industry expert with over 24 years of experience in the HORECA industry, shares his four tips to help ensure your operation succeeds during these challenging times.

Written by Alan Cruite General Manager Trinity Purchasing Ireland

Ask for a better energy deal

While you may want to sign a new energy deal with your existing supplier when your contract ends – now is the time to shop around. The market is volatile, and prices can differ substantially from alternative gas and electricity suppliers.

Our solution: Ask your current provider for their best deal, or chat with us about alternative solutions and get quotes. Our team of experts has been working hard to deliver a package that gives business energy users greater cost certainty, and we benchmark to provide savings for your business.

Consolidate suppliers with care

Consolidating your portfolio of suppliers offers many benefits. It can deliver cost savings due to higher volume spend, decreased administration, and reduced carbon footprint from fewer van deliveries. However, be aware that switching to a new supplier can disrupt supply chains if not managed effectively. Staying with a long-term supplier can sometimes be more straightforward; however, ensure competitive pricing and quality still meet your needs.

Our solution: If you want to consolidate your supply chain, our team can support you every step of the way. From sourcing the right supplier partners to benchmarking and setting up the accounts - we will take care of it.

Online systems save time

We're all busy and sometimes too busy to implement systems in our organisations that will help us save time! However, the up-front effort will save time and trouble in the long run by increasing operational efficiencies. So, move from manual to automated digital systems as soon as possible.

There are typically two options: operators can either pay for a standalone system(s) or work with a procurement partner, which provides an associated system as part of the overall offering.

Our solution: At Trinity, our cloud-based eProcurement system Pi offers one platform designed to support hospitality procurement, catering, operations and finance teams. It includes supplier ordering, invoice management, purchase coding, management reporting and more! It takes care of otherwise time-consuming tasks at no cost to your organisation and comes with free training and online support.

Supplier and price management

Thanks to current market conditions, operators don't have the time to monitor categories, suppliers and pricing adequately – it has the potential to be a team member's full-time job.

To work around this, seeking help from a procurement partner with vast industry knowledge will keep you ahead of the game and add real value to your business.

Our solution: Our team of experts negotiate competitive prices across food and non-food categories for our multiple clients and helps them to manage ongoing supplier relationships. We also provide valuable market updates and know impending price rises or supply constraints.

We’ll share our expertise and find the solution that meets your guest's needs. Chat with us at news@trinitypurchasing.com