Procurement in the hospitality industry is the process of acquiring goods and services for a business. It involves the selection, negotiation, and purchase of products and services from external suppliers. The goal of procurement is to obtain the best value for money and ensure that the business is getting the highest quality products and services at the best possible price. It is important to ensure that the products and services purchased are in line with the business’s needs and budget. Procurement in the hospitality industry also includes managing supplier relationships, tracking and monitoring the quality of the products and services, and ensuring that the products and services are delivered on time. Procurement is an essential part of the hospitality industry and is essential for the success of any business. It is important to ensure that the right suppliers are chosen, that the right products and services are purchased, and that the best value for money is achieved.
