Finding the right suppliers for your hotel business
Running a business in the hospitality industry has always been your dream. Well, now your dream has come true, you are the proud owner of a hotel. Starting a hotel as a business is at the same time profitable and challenging. You need a great many things, like coffee makers and guest towels. It is needless to say that you will need not one, but many professional hotel supplier. Choosing the right suppliers is just like running a business: it is difficult. But do not threat. We are here to help you. In this article, you will find out how to pick the right suppliers for your hotel business.
Join Supplier meets Buyer forums
Supplier meets Buyer forums are handy tools. They offer companies like yours a direct and affordable way to meet business partners. Joining a business forum is nothing but advantageous for your hotel. Besides the fact that you have the opportunity to meet professional suppliers for the hospitality industry, you can further network with other companies. There is no cost involved whatsoever. This translates into the fact that you do not pay when it comes to building long-term relationships. Is there anything else? It is important to mention the pleasant atmosphere. Start making business relationships right now.
Establish your criteria
If you set your criteria ahead of time, ti will be easier for you to make the best requirements for your hotel business. Make sure to include on your list things like minimum and maximum order quantities, return policy, methods of delivery, references, and time from receipt of your order to delivery. These are important issues and you should take them into consideration.
Consider the price
Price is without any question the most important consideration. Your hotel is a new business, so affordability should be on your mind. The only problem is that affordable is not the best value for your money. What happens when the quality of the supplier’s products are poor is that you dig deep into your pockets to replace them. At this point, you cannot afford to make costly mistakes. The point is that you should have a good price-quality ratio.
Monitor supplier performance
The last thing you need to do is to monitor the performance of your suppliers. What you need to do basically is see if they are able to meet their contractual obligations. Even the most reliable company can make mistakes from time to time. So, conduct regular performance reviews.