The field of hospitality procurement is a subset of the broader field of procurement or purchasing. Hospitality procurement is focused purely on the purchasing of goods and services for the hotel, restaurant, and resort industry. This industry has very specific needs that are not standard in any other industry. There are four primary aspects to … Read more

The term business procurement is used to describe the activities related to purchasing of goods and services for a business entity. Procurement or purchasing is an important administrative function that employs the use of cost reduction and long-term strategic planning techniques to manage outgoing costs. The field of business procurement has three primary areas of … Read more