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< Back to news 09 April, 2009

Economic climate leads to safer purchasing

Companies across the hospitality and leisure industry, from hotels to health and fitness clubs; from restaurants, pubs and bars to kids’ football sites, are determined to enjoy the security of belonging to an established purchasing consortium during the current economic downturn.

Companies across the hospitality and leisure industry, from hotels to health and fitness clubs; from restaurants, pubs and bars to kids’ football sites, are determined to enjoy the security of belonging to an established purchasing consortium during the current economic downturn.

So it would seem from the latest harvest of new beacon customers during the first three months of 2009. 

beacon, the largest purchasing consortium for the independent hospitality industry, has succeeded in securing agreements to supply a number of large hotel groups - purchasing contracts making up at least £7million worth of annual spend.

Chris Durant, beacon’s Director, thinks that the industry as a whole has become much savvier in their purchasing strategies.

He said, ‘The credit squeeze has of course made a massive impact.  Businesses want to make sure their supply chain doesn’t dry up all of a sudden. But working with a purchasing consortium with a wide selection of different suppliers for a range of products does offer a sense of security – you can always depend on a pipeline of supplies. Not to mention reduced prices.

‘We like to see ourselves as strategic partners of both our customers and our suppliers and if there’s one thing we all need to be today, it’s flexible.  We don’t have a one size fits all formula and we have to respond and adapt to our members’ needs.’