Are you incurring excessive expenditure for hotel supplies, facilities maintenance, or bulk goods and services?
Join us for a webinar at 1 pm CST (2 pm ET); Sept 11; 2024; on reverse auctions for hoteliers brought to you by the Asian American Hotel Owners Association (AAHOA) and ERA Group.
You can substantially reduce expenditure and streamline your procurement process by fostering competitive bidding among suppliers for your business requirements.
Reverse auctions can represent a transformative approach. By cultivating a competitive bidding environment (through the assessment of vendor markets and the cultivation of competitive tension), hotel owners can revolutionise procurement and achieve significant cost savings whilst enhancing operational efficiency.
During the webinar, you will learn the four strategic benefits of reverse auctions:
- Maximise savings: Foster intense competition among suppliers to substantially reduce the expenditure on goods and services.
- Optimise procurement: Efficiently manage the bidding process, thereby minimising the time and effort required for procurement teams.
- Acquire market insights (data-driven): Obtain real-time market data and identify expenditure reduction opportunities through competitive bidding.
- Enhance supplier performance: Establish clear quality standards and foster continuous improvement among suppliers.
Do not miss this opportunity to maximise your hotel's profitability. Register now to commence realising savings and also earn an AAHOA Learning Journey Certificate, a valuable credential for your professional development.
About the panellist
Vignesh Mani is a consulting partner with ERA Group and a member of the AAHOA. He is a seasoned professional with a proven track record in new revenue generation; client services; analytics; and technology strategy solutions.
