|
jump ? Here are five procurement strategies to follow :
➊ NEGOTIATE ON SELECTIONS Great procurement firms meticulously review proposed furnishing selections from interior design firms , leveraging their expertise to explore opportunities for negotiations , secure better trade pricing or identify alternative sources that enhance the FF & E bottom line .
➋ VALUE ENGINEERING Procurement firms excel in replicating furnishings at a fraction of retail costs through quality manufacturers . Their commitment to this process ensures clients receive the
|
same level of quality and design integrity without compromise , underscoring their dedication to value engineering .
➌ SPECIALTY SOURCING Seek out procurement firms that also offer specialty sourcing ; though few and far between , these firms offer unparalleled access to unique sellers , including distinctive art , accents , antiques or artisanmade goods . This distinctive capability empowers boutique properties to differentiate themselves .
➍ LOGISTICS MANAGEMENT Procurement firms go beyond mere inventory tracking ,
|
providing comprehensive logistics and management services . They offer expert advice on quality control inspections and white-glove delivery services , ensuring a seamless installation process , especially for delicate or highvalue items .
➎ LIFECYCLE MANAGEMENT Procurement firms demonstrate a proactive approach to lifecycle management . They meticulously reconcile numerous transactions on behalf of their clients , shaping strategies for future FF & E investments and providing invaluable financial clarity and foresight .
|
Jessica Engholm is the founder of Cultheir , a sourcing and procurement company that works with brands including Viceroy and Four Seasons . |