Supply Chain Optimisation for Accommodation Providers
Contents
- Supply Chain Optimisation for Accommodation Providers
- Supply Chain Optimisation for Accommodation Providers Top Tips
- Getting the most from your photography
- How to create and update your tourism product on discovernorthernireland.com
- How customer-focused is your camping accommodation business?
- Using Online Travel Agencies (OTAs)
- An introduction to SEO
- Maximising the value of your bookings and encouraging return bookings
- Why Use Twitter (X) For Your Tourism Business?
- Customer Service vs. Customer Experience
- Making contact with your local Visitor Information Centre (VIC)
- Developing your brand storytelling to engage with customers
- Surprise and delight your customers
- How do you apply for a brown sign?
- Creating a digital marketing strategy for tourism accommodation businesses
- Things to consider when building a website
- Managing and protecting your online reputation
- Using a booking engine to keep track of your bookings
- Be aware of scams and fraud
- Using YouTube for your business
- Using Google to market your accommodation business
- Creating video content for your accommodation business
- Why you should consider using Instagram
- How Google Analytics 4 Help Monitor Your Website
- How to use Instagram for your accommodation business
- LinkedIn and your tourism accommodation business
- Pinterest for your tourism business
- How Can Tourism Businesses Use TikTok
- Which Facebook features can your accommodation business avail of?
Contents
- Supply Chain Optimisation for Accommodation Providers
- Supply Chain Optimisation for Accommodation Providers Top Tips
- Getting the most from your photography
- How to create and update your tourism product on discovernorthernireland.com
- How customer-focused is your camping accommodation business?
- Using Online Travel Agencies (OTAs)
- An introduction to SEO
- Maximising the value of your bookings and encouraging return bookings
- Why Use Twitter (X) For Your Tourism Business?
- Customer Service vs. Customer Experience
- Making contact with your local Visitor Information Centre (VIC)
- Developing your brand storytelling to engage with customers
- Surprise and delight your customers
- How do you apply for a brown sign?
- Creating a digital marketing strategy for tourism accommodation businesses
- Things to consider when building a website
- Managing and protecting your online reputation
- Using a booking engine to keep track of your bookings
- Be aware of scams and fraud
- Using YouTube for your business
- Using Google to market your accommodation business
- Creating video content for your accommodation business
- Why you should consider using Instagram
- How Google Analytics 4 Help Monitor Your Website
- How to use Instagram for your accommodation business
- LinkedIn and your tourism accommodation business
- Pinterest for your tourism business
- How Can Tourism Businesses Use TikTok
- Which Facebook features can your accommodation business avail of?
Understanding Supply Chain Optimisation for Accommodation Providers
With the Hospitality Industry feeling the economic effects of the Covid-19 pandemic more than virtually every other sector, Supply Chain Management is possibly more important than ever before to this industry.
The vast majority of the hospitality industry has sustained significant losses throughout this period and to have a chance of returning to a position of profitability by the end of 2021 it is arguably more important now than even after the global financial collapse of 2007/08 that companies maintain a sharp focus on their bottom line.
What is a supply chain?
A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer.
It consists of six major stages:
- Demand planning - predicting customer demand for your staff, services and products.
- Strategic sourcing - a procurement process that continuously improves and re-evaluates the procurement activities of a business in order to reduce costs, improve margin & stability and enhance customer satisfaction.
- Purchasing - the process of acquiring materials, components, and services from another firm
- Logistics - the part of the supply chain that deals with the planning and control of the movement and storage of goods and services from their point of origin to their final destination.
- Receiving - taking delivery of ordered items
- Inventory management and payment - the process of ordering, storing and using a company's inventory & efficiency of payment process.
Supply Chain Optimisation
This is the process of probing all aspects of the supply chain to deliver products and services to the customer at the lowest cost and highest profit with enhanced customer satisfaction.
Top 10 tips for supply chain optimisation
- Have a very clear cancellation refund policy. Ensure this is communicated to guests at time of booking.
- Communicate regularly with your suppliers.
- Explore strategic alliances with tour operators/DMCs
- Explore the option of using more localised suppliers.
- Review your credit terms with suppliers.
- Review your inventory management procedures. Probe your EPOS software for any efficiencies.
- Ensure that a regular stocktake is in place.
- Engage positively with trade bodies and local council.
- Conduct regular staff training.
- We are seeing the beginning of the end of the pandemic!! Stay strong!
For more information about this you can view the TED Programme Webinar below: