News/Press

When Product Substitutions Can be Good for Your Business

Brand consistency is an important factor to success in the hospitality industry.  Customers will continue to return to an establishment if they know they can rely on a consistent experience each time they visit.  Striving for consistency can make many purchasing professionals sticklers for brand loyalty. However, there are times when product substitutions can not […]

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Reacting to Negative Online Reviews

Social media has made it easier than ever for a customer to share their opinions with the world, which can have a positive impact on your business. The majority of reviews posted online are favorable. Online review sites are a great way to get exposure for your restaurant, hotel, or other business. But what if […]

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How to Make your Catering Company Stand Out

Catering is an extremely competitive industry, and many companies struggle to define what makes their brand unique. Any catering company can offer an attractive menu and exceptional customer service, but what will really set your company apart comes down to the details. Here are a few ways your business can stand out from your competitors: […]

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Gluten-Free Sourcing Best Practices

Gluten-free offerings have increased in demand in recent years. Some consumers have embraced gluten-free or gluten-reduced diets because they believe it’s beneficial to their health. However, there is a segment of the population that suffers from a serious autoimmune disorder known as celiac disease, a condition that can cause severe damage to the small intestine […]

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Spice up Your Catering Profits

How profitable is your catering business? Some caterers experience a pretax profit of over 25%, while others are barely able to show a profit. The average pretax profit for caterers is between 7% and 8%. Having an accurate, up-to-date picture of how your catering company is performing financially is crucial.

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Purchasing–You Don’t Have To Do It Alone

Owners and operators are hampered by being “small fish” in a big purchasing pond, lacking the collective buying clout required to be able to negotiate the best prices. They’re discovering that “do-it-yourself” procurement is not as simple as they had hoped and are now realizing that they don’t have to do it alone.

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The Secret Sauce of Menu Pricing

In the hospitality industry, whether you are running a hotel with food and beverage services or a managing full service restaurant or managing a catering company, pricing food is always the key to profits and it’s more important than ever before.

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A Fresh Take on Purchasing

This combination of unpredictable external factors and evolving customer demands are creating problems for hospitality professionals. Food service operators need to stay aware of consumer preferences and try to source the trending and popular ingredients from local suppliers, all while managing their food budgets in a volatile market with ever-changing commodity prices.

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Source1 Purchasing Helps Operators get the Best Value for their Money

Centralized purchasing offers more opportunities for businesses than decentralized. “There were a lot of independent operators who were buying different levels of quality” from a wide range of suppliers, he recalled. His goal was to establish standards and work with brands already familiar to consumers rather than those geared exclusively for business use.

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5 Questions with Scott Hoffmire

The commodity market for staples can always impact product costs and hotel operations. At Source1 we suggest alternatives and our volume leverage can maximize availability for our customers.

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