BOYNTON BEACH, Fla., April 29, 2015 /PRNewswire/ -- Source1 Purchasing, a leading national purchasing services organization for the lodging, leisure, restaurant and gaming industries, today announced it has been awarded a contract with what MKG Group ranked as the 10th largest international hotel chain and hospitality provider in 2014.
Source1 will provide enhancements to Food and Beverage programs at the national, regional and local levels; identify opportunities to leverage savings; and create support tools to maximize standardization, utilization and compliance, throughout the chain's U.S. branded hotels, leading to a projected overall savings of over 10%. More than 500 hotels in the chain have already been enrolled and will begin immediately to use Source1 services.
"The client is a global leader in the hospitality and travel industries, and we're extremely pleased they've chosen to work with Source1," said Scott Hoffmire, President and CEO of Source1 Purchasing. "Our goal is to increase our customers' revenue, utilizing our customized strategies and programs to create efficiencies and lower overall costs."
Since 1997, Source1 has been helping customers introduce and implement purchasing best practices while providing access to national account pricing. Participation in the Source1 program allows operators to increase customer satisfaction and build their bottom line; Source1 anticipates immediate cost savings and growth opportunities for its newest client through the partnership.
"Source1's specialized lodging expertise helps clients purchase smarter," said Hoffmire. "Our partnership with Sysco allows us to leverage their unparalleled procurement, distribution and supply chain experience -- offering Source1 customers a unique strategy that drives operational efficiencies."
In addition to Hotel Groups, Source1 supply chain management services have also benefited hotel ownership/asset management groups, hotel management companies, and independent hotel operators for nearly two decades.
Founded in 1997, Source1 Purchasing is a purchasing services organization with $7 billion in purchasing power. Source1 specializes in providing cost management, savings, and operational efficiencies for the lodging, hospitality and entertainment industries, helping operators increase profits through purchasing. The award-winning Source1 team creates solutions that empower operators of all sizes to reduce costs, ensure consistent product quality, and achieve higher customer satisfaction. For more information visit www.source1purchasing.com or call (877) 717-5566.
SOURCE Source1 Purchasing