Hotels are always looking to offer the finest customer experience and facilities. For hotels to attain glowing customer reviews and to inspire new and returning visitors to stay longer, they need good systems in place to manage the things necessary for smooth and effective operation.
Hotel and Hospitality industry is a gigantic industry with huge financial investment and workforce. In 2011 alone, the accommodation industry made $21.6 billion in pre-tax income. Therefore, having a good asset and inventory control system is necessary in many way. Some of the most important points are as follows:
Maintaining a balanced inventory
Hotels usually have incoming supply processes system, where they work with particular vendors so as to receive discounted pricing. Purchases not made from a preferred vendor can be expensive because they don’t replicate discounts or any other benefits. An automatic inventory system helps employees in not purchasing items from anyone other than the favoured system of sellers. Largely, streamlining tasks will helps the lodging house run more professionally and perfectly while also saving costs.
Reducing the amount of misplaced item
As stated by the Los Angeles Times, “Professionals estimate that damages from hotel theft amounts for $100 million each year.” Obviously, lost, misplaced, or pinched assets are a huge burden on a hotel. An asset management solution aids in reducing the number of items lost. These items can be observed based on the info included on the labels and can be more effortlessly recovered if something is stolen. The Fairmont Pacific Rim Hotel for instance, practices this technology in their management to track 35,000 cloth items known for getting lost – comprising sheets, dresses, and towels.
Keeping Things in Stock
An inventory tracking system makes certain that items are always available or can be without difficulty re-ordered. Keeping a track of inventory is vital for any retailer, and hotels are no exception.
For example, a hotel retails 30 bottles of water every day. If one is traded for $2.00, the hotel has the opportunity to earn about $60 per day. Given they don’t have any bottles in stock, that is a loss of $60 per day. What would that cost the hotel if it was a more costly item or if the item was unavailable for a longer period?
When considering for your inventory management solution, study the following:
- Inventory management systems must save you time, money and area.
- Don’t buy any service that necessitates you to buying supplies you don’t need.
- Choose a program that’s customizable to goods you require.
- Make certain your inventory management structure tracks expenditure.
- Have an employee adoption plan. Experienced professionals develop a methodical way of accomplishing their jobs over the years and altering habits can be problematic. Make certain you have a solution that’s easy to use.
- Avoid any program that needs a big investment at the start. It shouldn’t charge you anything more than the catalogue you are ordering to spend in an inventory management service.
- Your inventory management system must be flexible according to your needs.
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