Our portfolio of hotels makes Tifco Hotel Group one of the largest buyers of food, beverage, utilities and hotel consumable products in Ireland. All our hotels, including those held under management contract, benefit from this scale each of which consistently achieve margins well above industry levels.
Our specialized central procurement department have established an exceptional track record which has benefitted all hotels under our control. The cost savings that have been achieved to-date since taking over our management contracts has exceeded owner’s expectations. This is evident in the immediate and substantial improvement in their profitability.
In addition our Oracle ERP application allows for substantial benefits in our procurement process, a summary of which are as follows:
- Professional online tendering processes
- “Blind” tendering is possible ensuring suppliers quote cheapest prices from the outset due to the once off nature of this tendering process
- Allows for a transparent analysis of negotiated prices and the savings achieved
- Enable hotels to maintain low inventory levels
- Central database of products ensuring quality products and services at low unit prices
- Hotels can only purchase from pre-approved suppliers with best prices guaranteed
- Lower administrative costs
- Ensure swift response to purchasing requests by introducing automated approvals and alerts
- Full history of units purchased benefitting future negotiations which results in higher volume discounts
- Automated depletion of stocks and requisitioning which will allow for tighter controls