Supply Chain Management in Hospitality Industry¿A Novel Approach
Supply Chain Management in Hospitality
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In today's changing corporate environment, a greater emphasis is being placed on providing value to customers at the lowest feasible cost. As a result, there has been a surge in interest in logistics and supply chain management strategies, as performance is measured not only by actions and decisions, but also by increases in return on investment and profitability. Hotel firms, large and small, must concentrate on how to offer products and services at a reasonable cost. In a labor-intensive business, many hotels are being pushed to undertake more public and aggressive cost-cutting initiatives. ...
In today's changing corporate environment, a greater emphasis is being placed on providing value to customers at the lowest feasible cost. As a result, there has been a surge in interest in logistics and supply chain management strategies, as performance is measured not only by actions and decisions, but also by increases in return on investment and profitability. Hotel firms, large and small, must concentrate on how to offer products and services at a reasonable cost. In a labor-intensive business, many hotels are being pushed to undertake more public and aggressive cost-cutting initiatives. It's no surprise that much of the cost-cutting measures have been concentrated on payroll and other personnel-related expenditures, such as hiring freezes, cutbacks in employee benefits, incentives, and salary reductions. Logistics and supply chain operations are one aspect of the hotel business that is sometimes overlooked in cost-cutting initiatives. Despite the fact that logistics and supply chain management are considered operations management methods in the hotel and other service sectors, they may be used to assist add value to their properties. Within the hotel and catering industries.
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