Making operations easier for a hotel chain
Industry:
Hospitality
Business Line:
Hotels
Background:
Too many hotels spread across remote locations
Difficulty in sorting out purchases for all hotels
End up paying different prices for the same product
Areas of Work:
Purchase
Finance
Technology
Streamlined Purchase Process:
Centralised Purchases and smoothened the entire process
Created in-hand vendor list with detailed data of each vendor to take quotations from various vendors and select the lowest price for all properties
Incorporated approvals at various levels of hierarchy so that all levels have a significant knowledge of the process
Improved negotiations
and incorporated Vendor Agreements
Enlisted product-wise vendor MIS
Shifted the process from manual to automated
Reduced requirement of technically skilled executive, thereby reducing costs
Improved Financial Process:
Provided Vendor Ageing to smoothen payment process
Enabled taking cash discounts from vendors for making early payments
Created MIS providing cash required for payments due as per ageing better managing cash flow
HR & Technology:
Tools generated & training given for automatic generation of reports
Provided Financial Monitoring sheet for control
Implemented SOPs
Impact:
Provided Vendor Ageing to smoothen payment process
Streamlined Inventory process, reduced holding period of inventory
Indent to payment cycle has been improved and the process has become speedy with vendor satisfaction.
Testimonial:
“Mr. Mamodiya has a beautiful vision of how to come up with creative strategies to improve organisational efficiency. He has solution for every problem which helps reduce cost & improve productivity. He has helped digitize finance, accounting, procurement systems.“
Ashutosh Goyal
Entrepreneurial Director, Ananta Hotels & Resort
Radisson Jaipur City Centre
Founder at Lavender: Laundry & Dry Cleaning Services
