Technology in Hospitality Supply Chains: A Force for Positive Change 2024

Technology in Hospitality Supply Chains

Imagine, it’s packed Saturday night, guests are coming in, the chef is all set and the menu looks delightful, but your-go to supplier hits a delay and your kitchen fails to deliver due to the unavailability of required stock. For any Hotelier, such delays significantly impact the Hotel’s hard-earned reputation, turning guest experience into utter disappointment. The only way Hotelier’s can guarantee a smooth-run depends upon the Hospitality Supply Chains.

Like the brain transmitting messages to our entire body, the Hotel Supply Chain supports the entire Hospitality Industry, circulating the solutions that keeps the establishment thriving. Being a multifaceted network, every element, from linen, toiletries to food is a link in the Hotel Supply Chain, which contributes greatly to the guest experience. What’s more robust technology is actively making its way into redefining the Hospitality Supply Chain. 

Force of Technology In Hospitality Supply Chain

Technology, particularly in the form of AI is intricately revolutionising the cycle of Hospitality Supply Chain. Even more, with the advent of platforms like Revivo which are actively streamlining the Hotel Supply Chain with its cutting-edge solutions.

Featuring real-time reporting and analytics which offers insights to the hotel about every stage of the supply chain.

Elevating beyond that, Revivo’s Supply Chain Solutions shed light about which vendor sells the product at cheapest price, along with sharing details about the staff’s purchasing capacity, as in which employee buys product at what price. 

Here are a few reasons why Revivo offers the Best Hospitality Supply Chain Management, 

Effective Inventory Management

Differentiating itself from other conventional players, Revivo is the frontrunner in robust supply chain management in the hospitality industry, backed by effective inventory management.

While a plethora of inventory management solutions allow Hoteliers to set a minimum stock level and offer triggers for the same, Revivo goes a step further by also helping you deliver quality every day. 

Its AI-based algorithm tells you the expiry of every product, and by sending you alerts for the same, it reduces the burden of making manual lists and checking the quality of every product.

Thus, with an optimised inventory management process, Revivo helps hotels reduce the loss of sale which is primarily caused due to out-of-stock and overspending challenges.    

Power of Purchase Order 

In simple terms, purchase order is a commercial document issued by the buyer to the seller, indicating types, quantities, and agreed prices for every product. Manually creating a purchase order is not only rigorous but an extremely exhaustive process.

Leveraging the power of AI algorithms, Revivo automatically creates a purchase order, mitigating your daily hassles. 

Revivo’s smart software meticulously suggests which item you need and in what quantity after a careful assessment on the basis of sale, current inventory, last year’s sale, and most importantly demand, even season-wise.

With convenience and personalization taking centre stage, Revivo’s purchase order solution allows Hoteliers to edit it as per their requirements, they can even add or remove products as per their convenience. 

Top-notch quality and timely delivery are paramount within the framework of supply chain management. In tandem, Revivo sends suggestions to Hoteliers on the basis of quality and timely delivery when making a purchase.

Infact apart from rate comparison, Revivo features an in-build feedback mechanism, urging buyers to offer instant ratings as soon as they receive the products. 

Art of Order Book   

Elevating order booking a mile further, Revivo’s AI-based order book has opened new avenues in the space of supply chain management. For long, buyers have had to create different purchase orders for different vendors, making the task really complex. With the aim to streamline purchase orders, Revivo has mastered the art of orderbook. 

The orderbook automatically generates a single list that clearly outlines, product type, best vendor, quantity, and the rate. Followed by which it automatically creates different purchase orders for diverse vendors, saving Hoteliers both time and energy.

With its one-click feature, all you’ve to do is sit back and relax while it does all the work, and even sends immediate notifications to vendors via Emails or Whatsapp. 

Road Ahead 

The Hospitality supply chain, once a behind-the-scenes player, is stepping into the light as a key differentiator for success. The path forward involves betting on innovation. Hotels must embrace technology to enhance efficiency while remaining steadfast in their commitment to deliver impeccable guest service. 

As the Hospitality Industry continues to evolve, Revivo offers Hoteliers a chance to polish their supply chain management, which stands at the precipice of innovation, guest satisfaction, and responsibility. Get in touch with Revivo today, to shape the future of Hotel Supply Chain management in a way never seen before.          

FAQs

1. Why is supply chain management important in the hospitality industry?

Like the brain transmitting messages to our entire body, the Hotel Supply Chain supports the entire Hospitality Industry, circulating the solutions that keeps the establishment thriving. In short, it’s the key that ensures the delivery of smooth-running operations. 

2. How can hotel’s use technology to improve their supply chain management?

Technology, particularly in the form of AI is intricately revolutionising the cycle of Hospitality Supply Chain. Featuring real-time reporting and analytics, technology helps in offering insights to the hotel about every stage of the supply chain. 

3. What are the factors affecting the supply chain in the hospitality industry?

Being a multifaceted network, Hospitality Supply chain management is affected by poor sourcing and procurement, which is followed by delays in delivery. Both quality and timely delivery are paramount within the supply chain network. 

4. What are the major benefits of effective SCM?

Effective SCM, especially the one powered by Revivo, offers the advantage of well-managed inventory management, streamlined purchase orders by the power of its one-click order book. 

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