How do hotels do centralized purchasing?

Centralized procurement is a mode in which a specific department of a company is responsible for obtaining the materials needed by the whole organization. This department is responsible for contact with suppliers, supplier procurement, contract management, risk analysis and obtaining the required materials from suppliers.

In essence, in centralized procurement, the designated procurement department acts as a bridge between different departments and personnel within the company and external suppliers. The purchasing department collects orders from within the organization and decides how to best provide orders from the supplier network it has established. The key essence of centralized procurement is to entrust all procurement tasks to a department, even to the personnel who manage on behalf of the whole organization.

How do hotels do centralized purchasing? You can use 8Manage SRM procurement software to efficiently manage all centralized procurement (or decentralized procurement), closely track and manage every link of procurement, and the procurement team can visualize and implement the controls they need to change procurement:

Fair and open supplier selection

○ Summarize purchasing requirements layer by layer.

Allow priority to use inventory.

○ Quick quotation and inquiry

Fair and transparent electronic bidding

○ One-stop purchase order management

○ Electronic management of contracts and invoices

○ Real-time automatic summary of expenditure data