| | 6 HOSPITALITY BUSINESS REVIEWFEBRUARY 2024 February - 20 - 2024, Volume 04 - Issue - 01 (ISSN 2837-1615)Published by ValleyMedia, Inc. To subscribe to hospitality business reviewVisit www.hospitalitybusinessreview.comManaging EditorJudy ChristinEditorial StaffEmail: Alex D'SouzaJoe PattrickVisualizersales@hospitalitybusinessreview.comeditor@hospitalitybusinessreview.commarketing@hospitalitybusinessreview.comEditorialJudy ChristinManaging Editoreditor@hospitalitybusinessreview.comIn an era where technology is rapidly reshaping industries, the hospitality sector is undergoing a transformative journey to revolutionize existing procurement practices. Ushering in a new era of efficiency, cost-effectiveness, and enhanced guest experiences, new-age procurement solutions are helping businesses adapt to the evolving marketplace.One of the most notable advancements is the integration of Artificial Intelligence (AI) and Machine Learning (ML) into procurement processes. These technologies analyze historical data, forecast demand patterns, and optimize inventory management, allowing hospitality businesses to streamline their supply chains. At the same time, blockchain technology is becoming a game-changer with its ability to enhance transparency, traceability, and trust in transactions thanks to its decentralized nature. From a cultural perspective, most hospitality businesses are moving to sustainable processes. This drives them to adopt eco-friendly, ethical, and socially responsible practices like renewable energy, organic food, biodegradable packaging, and fair trade products.Looking ahead, the convergence of these technological advancements and market trends paints a promising picture for the future of hospitality procurement. The key to success lies in embracing these innovations and staying ahead of the curve.This edition of Hospitality Business Review is curated to help hospitality businesses optimize their procurement processes with tech-driven solutions designed by some of the prominent providers in the space.It features a thought leadership article from Trisha McRoberts, Group VP Strategic Procurement at Golden State Foods, who sheds light on people-centricity and its role in solving challenges and meeting evolving customer demands. It also features a leadership article from Stephen Harrington, Chief Supply Chain Officer at Delaware North, who discusses the importance of how fostering strategic relationships with supplier partners is critical for any business operations. This edition spotlights on CDK Enterprises, a pre-construction consulting firm for multifamily developers that reduces construction costs through procurement, bid management, and budget analysis services. This edition also showcases the Top Hospitality Procurement Services Providers 2024, to help you choose the right partner for your current and future endeavors in the industry. Let us know your thoughts! Transforming Hospitality Procurement with Advanced TechnologiesCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Julia ThomasMatthew JacobRichard TaylorVictor MorrisDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsR E V I E WR E V I E WCelestial Jordan
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