Procurement

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Procurement

The role of procurement is key, in hospitality. Procurement has to do with the purchasing of goods and services for hotel. There is a difference between purchasing and procurement:

• purchasing is
• procurement is the process do with ordering the goods once vendors have been put in place by the procurement department.

Procurement principels

The procurement system includes responsibilities like:

• defining he sources for materials
• contract negotiation
• payment terms
• life time of specific assets and even services (related to the more economical depreciaition.

Links to ESG

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Emerald Forest Hotel offering an emerald hotel experience! | Run your own hotel in this management simulation.