The Power of Purchase panel discussion highlighted how the purchase department of a hotel has evolved into a value centre which can contribute to the bottom line through smart savings
At the 12th Power of Purchase panel discussion of Hospitality Purchasing Managers' Forum (HPMF) at FHW Bengaluru 2016, leading purchase managers from hotels deliberated on 'New procurement trends in hospitality purchases'. The panel members included Jijoy M Joshua, VP projects, Mysore Lights; Sekar S, manager – purchase, Adarsh Group; Natarajan Subramanyam, materials manager, Crown Plaza Bengaluru Electronics City; Nanda Kumar, CEO, Vendor Globe Procurement Services; Somnath Auddy, materials manager, Vivanta by Taj, MG Road. The panel discussion was moderated by K Chandrasekar, chief executive, Atlas Distributors.
The role of the purchase department has changed significantly in the last decade, according to Joshua, what was earlier thought to be just a purchase centre is now a solution provider. There is however still a mental block in making procurement a transparent process. “The trend that we see is e-procurement, which is a result of technology advancement. E-procurement will become more popular in times to come,” remarked Sekar, requesting the IT departments of hotels to encourage e-procurement. Nanda Kumar however felt that digitisation will take some time, while many vendors are educated on the digital platform, some are still in the process. “Vendors are scared about disclosing the rates as their competitor will know about it,” added Kumar. He informed that Vendorglobe is a digital catalogue for buyers and sellers. “For buyers it is a search engine. We also automate the whole negotiation system,” remarked Kumar.
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