The procurement playbook: 6 areas where you may be leaving money on the table
Modern procurement extends far beyond basic sourcing, offering hospitality businesses opportunities to unlock significant savings through strategic group purchasing organization (GPO) partnerships. The right GPO leverages combined purchasing power to secure better pricing, navigate supply chain disruptions, and provide access to diverse product categories beyond food and beverages. With flexible purchasing options and expert guidance, businesses can achieve up to 30% savings while strengthening operations and brand consistency across multiple locations.
In this guide, you'll explore
- GPOs offer savings beyond off-invoice discounts through exclusive offers, allowances, and upfront invoice discounts
- Strong supplier networks protect against supply chain disruptions and price volatility through proactive market monitoring
- Modern GPOs provide discounts on diverse product categories including FF&E, MRO, sustainable items, and energy solutions
- Flexible purchasing options include custom contracting and locked order guides for brand consistency across locations
- Entegra's $42 billion purchasing power serves 300,000+ sites globally with up to 30% savings and zero membership fees