The Peabody Memphis Adopts Fourth’s Procurement and Inventory Management Solution to Control Costs
The Peabody Memphis Adopts Fourth’s Procurement and Inventory Management Solution to Control Costs
Peabody Hotels & Resorts, a full-service hospitality company that directs the operations of high-quality hotels through elevated standards of operations and service delivery, today announced it has partnered with Fourth, a leading provider of workforce and inventory for the hospitality, restaurant and retail industries, to supply critical support to its signature Memphis location, The Peabody Memphis.
The Impact of Supply Chain Fragility on Hospitality Report
The Impact of Supply Chain Fragility on Hospitality Report
Rising food and drink costs are affecting hospitality business's ability to plan and profitably deliver customer service. Download the report to discover cost saving strategies for your inventory.
Fourth’s latest workforce update research report shows that UK headcount is down 2.4%, and Deloitte predicts that labour shortages will continue into 2025. Against a backdrop of ongoing uncertainty, a trained and engaged workforce is a high value asset for every operator.
While the hospitality landscape continues to be fraught with challenges related to inflation and soaring costs, consumer confidence and supply chain disruption, our latest insights uncover that the workforce is showing signs of positive development.
The current economic climate has continued to challenge hospitality operators since we shared our last Hospitality Workforce Report in August, with spiralling energy and food costs, supply chain disruption and labour shortages threatening to impact profits.
Throughout the years, the iconic Four Seasons Hotel, Park Lane, London, operated with a traditional labour model, hiring core team members on 40 hours contracts to ensure maximum coverage to deliver the five star experiences their guests had come to expect.
The Definitive Guide To Restaurant Inventory Management
The Definitive Guide To Restaurant Inventory Management
Are you struggling with restaurant inventory management? In this in-depth guide, learn best practices to successfully manage inventory and drive more profits.
Food waste is a major climate, commercial and community issue. In monetary terms, it costs the hospitality and food service sector more than £3.2bn each and every year – money that should be fed back into business and not bins.